TRRJX vs. FNSHX
Compare and contrast key facts about T. Rowe Price Retirement 2035 Fund (TRRJX) and Fidelity Freedom Income Fund Class K (FNSHX).
TRRJX is managed by T. Rowe Price. It was launched on Feb 27, 2004. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
TRRJX vs. FNSHX - Performance Comparison
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TRRJX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRJX T. Rowe Price Retirement 2035 Fund | -0.81% | 10.96% | 11.99% | 18.14% | -17.96% | 15.21% | 17.04% | 23.72% | -6.95% | 5.99% |
FNSHX Fidelity Freedom Income Fund Class K | 0.45% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
In the year-to-date period, TRRJX achieves a -0.81% return, which is significantly lower than FNSHX's 0.45% return.
TRRJX
- 1D
- 2.20%
- 1M
- -5.39%
- YTD
- -0.81%
- 6M
- -3.17%
- 1Y
- 9.13%
- 3Y*
- 11.25%
- 5Y*
- 5.33%
- 10Y*
- 8.99%
FNSHX
- 1D
- 0.98%
- 1M
- -2.22%
- YTD
- 0.45%
- 6M
- 1.62%
- 1Y
- 8.22%
- 3Y*
- 6.53%
- 5Y*
- 2.75%
- 10Y*
- —
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TRRJX vs. FNSHX - Expense Ratio Comparison
TRRJX has a 0.59% expense ratio, which is higher than FNSHX's 0.42% expense ratio.
Return for Risk
TRRJX vs. FNSHX — Risk / Return Rank
TRRJX
FNSHX
TRRJX vs. FNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2035 Fund (TRRJX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.
| TRRJX | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 1.76 | -1.04 |
Sortino ratioReturn per unit of downside risk | 1.07 | 2.46 | -1.39 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.34 | -1.57 |
Martin ratioReturn relative to average drawdown | 3.24 | 9.69 | -6.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRRJX | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.76 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.53 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.75 | -0.27 |
Correlation
The correlation between TRRJX and FNSHX is 0.71, 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.
Dividends
TRRJX vs. FNSHX - Dividend Comparison
TRRJX has not paid dividends to shareholders, while FNSHX's dividend yield for the trailing twelve months is around 3.26%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRJX T. Rowe Price Retirement 2035 Fund | 0.00% | 0.00% | 2.36% | 4.68% | 9.67% | 6.89% | 4.80% | 5.68% | 8.55% | 3.80% | 2.89% | 4.05% |
FNSHX Fidelity Freedom Income Fund Class K | 3.26% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRJX vs. FNSHX - Drawdown Comparison
The maximum TRRJX drawdown since its inception was -53.57%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for TRRJX and FNSHX.
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Drawdown Indicators
| TRRJX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.57% | -15.87% | -37.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -3.68% | -5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.85% | -15.87% | -9.98% |
Max Drawdown (10Y)Largest decline over 10 years | -30.14% | — | — |
Current DrawdownCurrent decline from peak | -6.04% | -2.56% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -3.09% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.89% | +1.64% |
Volatility
TRRJX vs. FNSHX - Volatility Comparison
T. Rowe Price Retirement 2035 Fund (TRRJX) has a higher volatility of 4.87% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.45%. This indicates that TRRJX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRJX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 2.45% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 3.30% | +5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 4.89% | +8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 5.27% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.52% | 4.81% | +8.71% |