URINX vs. FATWX

Last updated Jun 5, 2026

URINX (USAA Target Retirement Income Fund) and FATWX (Fidelity Advisor Freedom 2025 Fund Class A) are both Target Retirement Date funds. Over the past 10 years, URINX returned 5.75%/yr vs 7.87%/yr for FATWX. Their correlation of 0.93 suggests significant overlap in exposure. URINX charges 0.04%/yr vs 0.87%/yr for FATWX.

Performance

URINX vs. FATWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Target Retirement Income Fund (URINX) and Fidelity Advisor Freedom 2025 Fund Class A (FATWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URINX achieves a 5.58% return, which is significantly lower than FATWX's 6.97% return. Over the past 10 years, URINX has underperformed FATWX with an annualized return of 5.75%, while FATWX has yielded a comparatively higher 7.87% annualized return.

URINX

• 1D: -0.33%
• 1M: 1.53%
• YTD: 5.58%
• 6M: 6.04%
• 1Y: 13.03%
• 3Y*: 10.45%
• 5Y*: 4.97%
• 10Y*: 5.75%

FATWX

• 1D: -0.43%
• 1M: 1.77%
• YTD: 6.97%
• 6M: 7.64%
• 1Y: 16.73%
• 3Y*: 12.44%
• 5Y*: 5.21%
• 10Y*: 7.87%

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

URINX vs. FATWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URINX USAA Target Retirement Income Fund	5.58%	12.36%	6.66%	10.79%	-10.38%	6.47%	8.74%	11.72%	-3.00%	8.34%
FATWX Fidelity Advisor Freedom 2025 Fund Class A	6.97%	15.82%	7.64%	13.18%	-16.27%	9.60%	13.89%	20.00%	-5.70%	14.98%

Correlation

The correlation between URINX and FATWX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 16, 2008	0.93

The correlation between URINX and FATWX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

URINX vs. FATWX — Risk / Return Rank

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

URINX

URINX Risk / Return Rank: 79
URINX Sharpe Ratio Rank: 79
URINX Sortino Ratio Rank: 80
URINX Omega Ratio Rank: 77
URINX Calmar Ratio Rank: 77
URINX Martin Ratio Rank: 81

FATWX

FATWX Risk / Return Rank: 58
FATWX Sharpe Ratio Rank: 57
FATWX Sortino Ratio Rank: 58
FATWX Omega Ratio Rank: 60
FATWX Calmar Ratio Rank: 52
FATWX Martin Ratio Rank: 60

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.

URINX vs. FATWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement Income Fund (URINX) and Fidelity Advisor Freedom 2025 Fund Class A (FATWX). 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.

	URINX	FATWX	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.19	+0.40
Sortino ratio: Return per unit of downside risk	3.84	3.13	+0.71
Omega ratio: Gain probability vs. loss probability	1.50	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	3.41	2.70	+0.71
Martin ratio: Return relative to average drawdown	14.86	11.65	+3.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URINX vs. FATWX - Sharpe Ratio Comparison

The current URINX Sharpe Ratio is 2.58, which is comparable to the FATWX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of URINX and FATWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URINX	FATWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	2.19	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.53	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.99	0.78	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	0.49	+0.66

Drawdowns

URINX vs. FATWX - Drawdown Comparison

The maximum URINX drawdown since its inception was -15.27%, smaller than the maximum FATWX drawdown of -49.44%. Use the drawdown chart below to compare losses from any high point for URINX and FATWX.

Drawdown Indicators

	URINX	FATWX	Difference
Max Drawdown Largest peak-to-trough decline	-15.27%	-49.44%	+34.17%
Max Drawdown (1Y) Largest decline over 1 year	-3.92%	-6.45%	+2.53%
Max Drawdown (3Y) Largest decline over 3 years	-4.84%	-8.76%	+3.92%
Max Drawdown (5Y) Largest decline over 5 years	-15.27%	-23.85%	+8.58%
Max Drawdown (10Y) Largest decline over 10 years	-15.27%	-23.85%	+8.58%
Current Drawdown Current decline from peak	-0.33%	-0.43%	+0.10%
Average Drawdown Average peak-to-trough decline	-1.92%	-5.77%	+3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.49%	-0.59%

Volatility

URINX vs. FATWX - Volatility Comparison

The current volatility for USAA Target Retirement Income Fund (URINX) is 1.89%, while Fidelity Advisor Freedom 2025 Fund Class A (FATWX) has a volatility of 2.94%. This indicates that URINX experiences smaller price fluctuations and is considered to be less risky than FATWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URINX	FATWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	2.94%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	4.24%	6.64%	-2.40%
Volatility (1Y) Calculated over the trailing 1-year period	5.19%	7.98%	-2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	9.92%	-3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.84%	10.16%	-4.32%

URINX vs. FATWX - Expense Ratio Comparison

URINX has a 0.04% expense ratio, which is lower than FATWX's 0.87% expense ratio.

Dividends

URINX vs. FATWX - Dividend Comparison

URINX's dividend yield for the trailing twelve months is around 5.79%, less than FATWX's 7.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FATWX Fidelity Advisor Freedom 2025 Fund Class A	7.73%	7.69%	3.79%	1.91%	9.50%	9.22%	6.11%	6.43%	9.56%	4.08%	4.42%	5.02%
URINX USAA Target Retirement Income Fund	5.79%	6.07%	4.22%	3.48%	6.63%	6.66%	3.97%	6.37%	6.11%	5.68%	3.34%	4.54%

Frequently Asked Questions

Can I hold both URINX and FATWX in my portfolio?

With a correlation of 0.96, URINX and FATWX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, URINX or FATWX?

FATWX has higher volatility (2.94%) compared to URINX (1.89%). In terms of maximum drawdown, URINX dropped -15.27% vs FATWX's -49.44%.

Which has better risk-adjusted returns?

URINX currently has the higher Sharpe Ratio (2.58 vs 2.19), 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.