TRRNX vs. FDEWX
Compare and contrast key facts about T. Rowe Price Retirement 2055 Fund (TRRNX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX).
TRRNX is managed by T. Rowe Price. It was launched on Dec 28, 2006. FDEWX is managed by Fidelity. It was launched on Jun 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRRNX or FDEWX.
Performance
TRRNX vs. FDEWX - Performance Comparison
Returns By Period
In the year-to-date period, TRRNX achieves a 17.61% return, which is significantly higher than FDEWX's 16.19% return. Over the past 10 years, TRRNX has outperformed FDEWX with an annualized return of 9.20%, while FDEWX has yielded a comparatively lower 7.60% annualized return.
TRRNX
17.61%
1.76%
7.59%
24.36%
10.68%
9.20%
FDEWX
16.19%
1.14%
7.67%
23.04%
7.71%
7.60%
Key characteristics
| TRRNX | FDEWX | |
|---|---|---|
| Sharpe Ratio | 2.18 | 2.18 |
| Sortino Ratio | 2.98 | 3.01 |
| Omega Ratio | 1.39 | 1.39 |
| Calmar Ratio | 2.45 | 2.77 |
| Martin Ratio | 14.04 | 13.77 |
| Ulcer Index | 1.74% | 1.67% |
| Daily Std Dev | 11.19% | 10.56% |
| Max Drawdown | -53.59% | -34.73% |
| Current Drawdown | -0.67% | -1.03% |
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TRRNX vs. FDEWX - Expense Ratio Comparison
TRRNX has a 0.65% expense ratio, which is higher than FDEWX's 0.12% expense ratio.
Correlation
The correlation between TRRNX and FDEWX is 0.97, 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.
Risk-Adjusted Performance
TRRNX vs. FDEWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2055 Fund (TRRNX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). 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.
Dividends
TRRNX vs. FDEWX - Dividend Comparison
TRRNX's dividend yield for the trailing twelve months is around 1.08%, less than FDEWX's 1.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRNX T. Rowe Price Retirement 2055 Fund | 1.08% | 1.28% | 1.20% | 0.65% | 0.71% | 1.57% | 1.42% | 1.28% | 1.37% | 1.34% | 1.28% | 1.08% |
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.68% | 1.92% | 1.94% | 1.51% | 1.35% | 1.69% | 2.15% | 1.69% | 2.26% | 2.29% | 1.89% | 1.46% |
Drawdowns
TRRNX vs. FDEWX - Drawdown Comparison
The maximum TRRNX drawdown since its inception was -53.59%, which is greater than FDEWX's maximum drawdown of -34.73%. Use the drawdown chart below to compare losses from any high point for TRRNX and FDEWX. For additional features, visit the drawdowns tool.
Volatility
TRRNX vs. FDEWX - Volatility Comparison
T. Rowe Price Retirement 2055 Fund (TRRNX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) have volatilities of 3.00% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.