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TRRNX vs. FDEWX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TRRNXFDEWX
YTD Return17.27%15.87%
1Y Return25.59%24.19%
3Y Return (Ann)3.94%4.08%
5Y Return (Ann)10.61%7.61%
10Y Return (Ann)9.31%7.70%
Sharpe Ratio2.512.51
Sortino Ratio3.443.49
Omega Ratio1.461.46
Calmar Ratio2.552.85
Martin Ratio16.5616.39
Ulcer Index1.71%1.65%
Daily Std Dev11.32%10.73%
Max Drawdown-53.59%-34.73%
Current Drawdown-0.95%-1.29%

Correlation

-0.50.00.51.01.0

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.

Performance

TRRNX vs. FDEWX - Performance Comparison

In the year-to-date period, TRRNX achieves a 17.27% return, which is significantly higher than FDEWX's 15.87% return. Over the past 10 years, TRRNX has outperformed FDEWX with an annualized return of 9.31%, while FDEWX has yielded a comparatively lower 7.70% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
6.67%
6.81%
TRRNX
FDEWX

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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.


TRRNX
T. Rowe Price Retirement 2055 Fund
Expense ratio chart for TRRNX: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for FDEWX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%

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.


TRRNX
Sharpe ratio
The chart of Sharpe ratio for TRRNX, currently valued at 2.50, compared to the broader market0.002.004.002.51
Sortino ratio
The chart of Sortino ratio for TRRNX, currently valued at 3.44, compared to the broader market0.005.0010.003.44
Omega ratio
The chart of Omega ratio for TRRNX, currently valued at 1.46, compared to the broader market1.002.003.004.001.46
Calmar ratio
The chart of Calmar ratio for TRRNX, currently valued at 2.55, compared to the broader market0.005.0010.0015.0020.0025.002.55
Martin ratio
The chart of Martin ratio for TRRNX, currently valued at 16.56, compared to the broader market0.0020.0040.0060.0080.00100.0016.56
FDEWX
Sharpe ratio
The chart of Sharpe ratio for FDEWX, currently valued at 2.51, compared to the broader market0.002.004.002.51
Sortino ratio
The chart of Sortino ratio for FDEWX, currently valued at 3.49, compared to the broader market0.005.0010.003.49
Omega ratio
The chart of Omega ratio for FDEWX, currently valued at 1.46, compared to the broader market1.002.003.004.001.46
Calmar ratio
The chart of Calmar ratio for FDEWX, currently valued at 2.85, compared to the broader market0.005.0010.0015.0020.0025.002.85
Martin ratio
The chart of Martin ratio for FDEWX, currently valued at 16.39, compared to the broader market0.0020.0040.0060.0080.00100.0016.39

TRRNX vs. FDEWX - Sharpe Ratio Comparison

The current TRRNX Sharpe Ratio is 2.51, which is comparable to the FDEWX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of TRRNX and FDEWX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.51
2.51
TRRNX
FDEWX

Dividends

TRRNX vs. FDEWX - Dividend Comparison

TRRNX's dividend yield for the trailing twelve months is around 1.09%, less than FDEWX's 1.69% yield.


TTM20232022202120202019201820172016201520142013
TRRNX
T. Rowe Price Retirement 2055 Fund
1.09%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
1.69%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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.95%
-1.29%
TRRNX
FDEWX

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 2.89% and 2.85%, 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.


2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
2.89%
2.85%
TRRNX
FDEWX