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TRRJX vs. FIHFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TRRJX and FIHFX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

TRRJX vs. FIHFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement 2035 Fund (TRRJX) and Fidelity Freedom Index 2035 Fund Investor Class (FIHFX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TRRJX:

0.54

FIHFX:

0.78

Sortino Ratio

TRRJX:

0.72

FIHFX:

1.04

Omega Ratio

TRRJX:

1.10

FIHFX:

1.14

Calmar Ratio

TRRJX:

0.33

FIHFX:

0.75

Martin Ratio

TRRJX:

2.04

FIHFX:

3.31

Ulcer Index

TRRJX:

2.94%

FIHFX:

2.49%

Daily Std Dev

TRRJX:

13.31%

FIHFX:

12.04%

Max Drawdown

TRRJX:

-56.42%

FIHFX:

-28.42%

Current Drawdown

TRRJX:

-8.12%

FIHFX:

-1.23%

Returns By Period

In the year-to-date period, TRRJX achieves a 2.94% return, which is significantly lower than FIHFX's 3.52% return. Over the past 10 years, TRRJX has underperformed FIHFX with an annualized return of 3.58%, while FIHFX has yielded a comparatively higher 7.77% annualized return.


TRRJX

YTD

2.94%

1M

3.53%

6M

-0.04%

1Y

6.67%

3Y*

5.78%

5Y*

5.95%

10Y*

3.58%

FIHFX

YTD

3.52%

1M

3.56%

6M

2.04%

1Y

8.78%

3Y*

9.41%

5Y*

9.90%

10Y*

7.77%

*Annualized

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TRRJX vs. FIHFX - Expense Ratio Comparison

TRRJX has a 0.59% expense ratio, which is higher than FIHFX's 0.12% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

TRRJX vs. FIHFX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRRJX
The Risk-Adjusted Performance Rank of TRRJX is 4949
Overall Rank
The Sharpe Ratio Rank of TRRJX is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of TRRJX is 4646
Sortino Ratio Rank
The Omega Ratio Rank of TRRJX is 4747
Omega Ratio Rank
The Calmar Ratio Rank of TRRJX is 4444
Calmar Ratio Rank
The Martin Ratio Rank of TRRJX is 5858
Martin Ratio Rank

FIHFX
The Risk-Adjusted Performance Rank of FIHFX is 7272
Overall Rank
The Sharpe Ratio Rank of FIHFX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of FIHFX is 6868
Sortino Ratio Rank
The Omega Ratio Rank of FIHFX is 7070
Omega Ratio Rank
The Calmar Ratio Rank of FIHFX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of FIHFX is 7878
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TRRJX vs. FIHFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2035 Fund (TRRJX) and Fidelity Freedom Index 2035 Fund Investor Class (FIHFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current TRRJX Sharpe Ratio is 0.54, which is lower than the FIHFX Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of TRRJX and FIHFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

TRRJX vs. FIHFX - Dividend Comparison

TRRJX's dividend yield for the trailing twelve months is around 2.29%, less than FIHFX's 2.65% yield.


TTM20242023202220212020201920182017201620152014
TRRJX
T. Rowe Price Retirement 2035 Fund
2.29%2.36%4.68%9.67%6.89%4.80%5.68%8.55%3.80%4.36%5.57%3.66%
FIHFX
Fidelity Freedom Index 2035 Fund Investor Class
2.65%2.50%2.10%2.03%1.91%2.15%16.14%2.21%1.81%1.95%2.05%3.37%

Drawdowns

TRRJX vs. FIHFX - Drawdown Comparison

The maximum TRRJX drawdown since its inception was -56.42%, which is greater than FIHFX's maximum drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for TRRJX and FIHFX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

TRRJX vs. FIHFX - Volatility Comparison

T. Rowe Price Retirement 2035 Fund (TRRJX) has a higher volatility of 2.64% compared to Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) at 2.24%. This indicates that TRRJX's price experiences larger fluctuations and is considered to be riskier than FIHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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