TRRLX vs. FFGZX
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRLX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX).
TRRLX is a passively managed fund by T. Rowe Price that tracks the performance of the S&P Target Date 2060 Index. It was launched on Jun 23, 2014. FFGZX is managed by Fidelity. It was launched on Oct 2, 2009.
Performance
TRRLX vs. FFGZX - Performance Comparison
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TRRLX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | -3.74% | 14.54% | 14.22% | 20.87% | -19.22% | 17.50% | 18.46% | 25.39% | -7.62% | 20.79% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | -0.78% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Returns By Period
In the year-to-date period, TRRLX achieves a -3.74% return, which is significantly lower than FFGZX's -0.78% return. Over the past 10 years, TRRLX has outperformed FFGZX with an annualized return of 9.79%, while FFGZX has yielded a comparatively lower 3.87% annualized return.
TRRLX
- 1D
- -0.33%
- 1M
- -9.46%
- YTD
- -3.74%
- 6M
- -4.69%
- 1Y
- 10.12%
- 3Y*
- 12.70%
- 5Y*
- 6.39%
- 10Y*
- 9.79%
FFGZX
- 1D
- 0.25%
- 1M
- -3.09%
- YTD
- -0.78%
- 6M
- 0.46%
- 1Y
- 6.37%
- 3Y*
- 5.94%
- 5Y*
- 2.62%
- 10Y*
- 3.87%
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TRRLX vs. FFGZX - Expense Ratio Comparison
TRRLX has a 0.64% expense ratio, which is higher than FFGZX's 0.08% expense ratio.
Return for Risk
TRRLX vs. FFGZX — Risk / Return Rank
TRRLX
FFGZX
TRRLX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2060 Fund (TRRLX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| TRRLX | FFGZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.51 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.99 | 2.12 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.99 | -1.31 |
Martin ratioReturn relative to average drawdown | 3.08 | 8.42 | -5.34 |
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
| TRRLX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.51 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.52 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.88 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.84 | -0.29 |
Correlation
The correlation between TRRLX and FFGZX is 0.70, 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
TRRLX vs. FFGZX - Dividend Comparison
TRRLX has not paid dividends to shareholders, while FFGZX's dividend yield for the trailing twelve months is around 3.46%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | 0.00% | 0.00% | 1.74% | 3.29% | 5.75% | 4.19% | 2.38% | 4.33% | 5.39% | 1.58% | 1.58% | 0.83% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.46% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
Drawdowns
TRRLX vs. FFGZX - Drawdown Comparison
The maximum TRRLX drawdown since its inception was -32.52%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for TRRLX and FFGZX.
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Drawdown Indicators
| TRRLX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -14.94% | -17.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -3.33% | -8.38% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -14.94% | -13.15% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | -14.94% | -17.58% |
Current DrawdownCurrent decline from peak | -9.82% | -3.09% | -6.73% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -2.29% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 0.79% | +2.13% |
Volatility
TRRLX vs. FFGZX - Volatility Comparison
T. Rowe Price Retirement 2060 Fund (TRRLX) has a higher volatility of 5.10% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.85%. This indicates that TRRLX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRLX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 1.85% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 2.78% | +6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 4.35% | +12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 5.03% | +10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 4.39% | +11.06% |