URFRX vs. FFGZX
URFRX (USAA Target Retirement 2040 Fund) and FFGZX (Fidelity Freedom Index Income Fund Institutional Premium Class) are both Target Retirement Date funds. Over the past 10 years, URFRX returned 9.49%/yr vs 4.28%/yr for FFGZX. A 0.73 correlation means they provide meaningful diversification when combined. URFRX charges 0.02%/yr vs 0.08%/yr for FFGZX.
Performance
URFRX vs. FFGZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, URFRX achieves a 10.90% return, which is significantly higher than FFGZX's 4.28% return. Over the past 10 years, URFRX has outperformed FFGZX with an annualized return of 9.49%, while FFGZX has yielded a comparatively lower 4.28% annualized return.
URFRX
- 1D
- 0.32%
- 1M
- 4.51%
- YTD
- 10.90%
- 6M
- 11.46%
- 1Y
- 23.08%
- 3Y*
- 16.28%
- 5Y*
- 8.41%
- 10Y*
- 9.49%
FFGZX
- 1D
- 0.16%
- 1M
- 1.75%
- YTD
- 4.28%
- 6M
- 4.42%
- 1Y
- 10.55%
- 3Y*
- 7.68%
- 5Y*
- 3.28%
- 10Y*
- 4.28%
URFRX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URFRX USAA Target Retirement 2040 Fund | 10.90% | 17.49% | 10.37% | 16.75% | -14.86% | 15.88% | 9.22% | 19.57% | -8.52% | 18.48% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 4.28% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 10.68% | -0.80% | 6.73% |
Correlation
The correlation between URFRX and FFGZX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2015 | 0.73 |
The correlation between URFRX and FFGZX shifts across timeframes, from 0.70 (5 years) to 0.84 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
URFRX vs. FFGZX — Risk / Return Rank
URFRX
FFGZX
URFRX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2040 Fund (URFRX) 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.
| URFRX | FFGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.54 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.18 | +0.21 |
| Martin ratioReturn relative to average drawdown | 14.89 | 14.23 | +0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| URFRX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 2.64 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.65 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.97 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.93 | -0.41 |
Drawdowns
URFRX vs. FFGZX - Drawdown Comparison
The maximum URFRX drawdown since its inception was -39.33%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for URFRX and FFGZX.
Loading charts...
Drawdown Indicators
| URFRX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -14.94% | -24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -3.33% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.41% | -4.76% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.27% | -14.94% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -28.59% | -14.94% | -13.65% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -2.26% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 0.74% | +0.83% |
Volatility
URFRX vs. FFGZX - Volatility Comparison
USAA Target Retirement 2040 Fund (URFRX) has a higher volatility of 3.03% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 1.49%. This indicates that URFRX'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.
Loading charts...
Volatility by Period
| URFRX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 1.49% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 3.34% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.41% | 4.01% | +5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.33% | 5.08% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.08% | 4.43% | +8.65% |
URFRX vs. FFGZX - Expense Ratio Comparison
URFRX has a 0.02% expense ratio, which is lower than FFGZX's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
URFRX vs. FFGZX - Dividend Comparison
URFRX's dividend yield for the trailing twelve months is around 6.36%, more than FFGZX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.21% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
URFRX USAA Target Retirement 2040 Fund | 6.36% | 7.05% | 2.78% | 3.94% | 10.68% | 7.78% | 5.49% | 12.74% | 9.99% | 6.53% | 3.95% | 2.55% |
Frequently Asked Questions
URFRX and FFGZX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URFRX has higher volatility (3.03%) compared to FFGZX (1.49%). In terms of maximum drawdown, URFRX dropped -39.33% vs FFGZX's -14.94%.
FFGZX currently has the higher Sharpe Ratio (2.64 vs 2.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for URFRX and FFGZX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer