URFRX vs. FOTKX

Last updated Apr 2, 2026

Compare and contrast key facts about USAA Target Retirement 2040 Fund (URFRX) and Fidelity Freedom 2010 Fund Class K6 (FOTKX).

URFRX is managed by Victory. It was launched on Jul 30, 2008. FOTKX is managed by Fidelity. It was launched on Oct 17, 1996.

Performance

URFRX vs. FOTKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Target Retirement 2040 Fund (URFRX) and Fidelity Freedom 2010 Fund Class K6 (FOTKX). The values are adjusted to include any dividend payments, if applicable.

URFRX vs. FOTKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URFRX USAA Target Retirement 2040 Fund	0.14%	17.49%	10.37%	16.75%	-14.86%	15.88%	9.22%	19.57%	-8.52%	8.88%
FOTKX Fidelity Freedom 2010 Fund Class K6	0.41%	11.66%	5.55%	9.97%	-13.05%	5.68%	11.29%	14.46%	-3.65%	5.22%

Returns By Period

In the year-to-date period, URFRX achieves a 0.14% return, which is significantly lower than FOTKX's 0.41% return.

URFRX

• 1D: 2.15%
• 1M: -4.30%
• YTD: 0.14%
• 6M: 2.40%
• 1Y: 16.93%
• 3Y*: 13.05%
• 5Y*: 7.15%
• 10Y*: 8.66%

FOTKX

• 1D: 1.03%
• 1M: -2.45%
• YTD: 0.41%
• 6M: 1.78%
• 1Y: 9.43%
• 3Y*: 7.67%
• 5Y*: 3.35%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

URFRX vs. FOTKX - Expense Ratio Comparison

URFRX has a 0.02% expense ratio, which is lower than FOTKX's 0.38% expense ratio.

FOTKX

Fidelity Freedom 2010 Fund Class K6

URFRX

USAA Target Retirement 2040 Fund

Return for Risk

URFRX vs. FOTKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URFRX

URFRX Risk / Return Rank: 79
URFRX Sharpe Ratio Rank: 77
URFRX Sortino Ratio Rank: 78
URFRX Omega Ratio Rank: 77
URFRX Calmar Ratio Rank: 78
URFRX Martin Ratio Rank: 86

FOTKX

FOTKX Risk / Return Rank: 86
FOTKX Sharpe Ratio Rank: 86
FOTKX Sortino Ratio Rank: 86
FOTKX Omega Ratio Rank: 85
FOTKX Calmar Ratio Rank: 86
FOTKX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URFRX vs. FOTKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2040 Fund (URFRX) and Fidelity Freedom 2010 Fund Class K6 (FOTKX). 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	FOTKX	Difference
Sharpe ratio Return per unit of total volatility	1.44	1.77	-0.33
Sortino ratio Return per unit of downside risk	2.06	2.46	-0.40
Omega ratio Gain probability vs. loss probability	1.30	1.36	-0.06
Calmar ratio Return relative to maximum drawdown	1.95	2.42	-0.47
Martin ratio Return relative to average drawdown	9.28	9.71	-0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URFRX vs. FOTKX - Sharpe Ratio Comparison

The current URFRX Sharpe Ratio is 1.44, which is comparable to the FOTKX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of URFRX and FOTKX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	URFRX	FOTKX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.77	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.53	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.79	-0.30

Correlation

The correlation between URFRX and FOTKX is 0.85, 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

URFRX vs. FOTKX - Dividend Comparison

URFRX's dividend yield for the trailing twelve months is around 7.04%, more than FOTKX's 5.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URFRX USAA Target Retirement 2040 Fund	7.04%	7.05%	2.78%	3.94%	10.68%	7.78%	5.49%	12.74%	9.99%	6.53%	3.95%	2.55%
FOTKX Fidelity Freedom 2010 Fund Class K6	5.22%	5.25%	3.32%	2.98%	7.41%	9.53%	6.17%	6.00%	7.24%	3.57%	0.00%	0.00%

Drawdowns

URFRX vs. FOTKX - Drawdown Comparison

The maximum URFRX drawdown since its inception was -39.33%, which is greater than FOTKX's maximum drawdown of -18.29%. Use the drawdown chart below to compare losses from any high point for URFRX and FOTKX.

Drawdown Indicators

	URFRX	FOTKX	Difference
Max Drawdown Largest peak-to-trough decline	-39.33%	-18.29%	-21.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	-4.03%	-4.83%
Max Drawdown (5Y) Largest decline over 5 years	-22.27%	-18.29%	-3.98%
Max Drawdown (10Y) Largest decline over 10 years	-28.59%	—	—
Current Drawdown Current decline from peak	-4.88%	-2.84%	-2.04%
Average Drawdown Average peak-to-trough decline	-5.23%	-3.62%	-1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.00%	+0.86%

Volatility

URFRX vs. FOTKX - Volatility Comparison

USAA Target Retirement 2040 Fund (URFRX) has a higher volatility of 4.59% compared to Fidelity Freedom 2010 Fund Class K6 (FOTKX) at 2.62%. This indicates that URFRX's price experiences larger fluctuations and is considered to be riskier than FOTKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URFRX	FOTKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	2.62%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	3.59%	+3.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	5.56%	+6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	6.33%	+5.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.04%	6.42%	+6.62%