URSIX vs. FHDFX

Last updated Jun 5, 2026

URSIX (USAA Target Retirement 2060 Fund) and FHDFX (Fidelity Advisor Freedom Blend 2045 Fund Class C) are both Target Retirement Date funds. Over the past 5 years, URSIX returned 9.60%/yr vs 8.62%/yr for FHDFX. With a 0.97 correlation, they move nearly in lockstep. URSIX charges 0.10%/yr vs 1.49%/yr for FHDFX.

Performance

URSIX vs. FHDFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Target Retirement 2060 Fund (URSIX) and Fidelity Advisor Freedom Blend 2045 Fund Class C (FHDFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with URSIX having a 12.52% return and FHDFX slightly lower at 12.35%.

URSIX

• 1D: -0.62%
• 1M: 3.69%
• YTD: 12.52%
• 6M: 13.10%
• 1Y: 26.49%
• 3Y*: 18.73%
• 5Y*: 9.60%
• 10Y*: 10.47%

FHDFX

• 1D: -0.62%
• 1M: 3.52%
• YTD: 12.35%
• 6M: 13.54%
• 1Y: 27.91%
• 3Y*: 18.62%
• 5Y*: 8.62%
• 10Y*: —

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

URSIX vs. FHDFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
URSIX USAA Target Retirement 2060 Fund	12.52%	19.62%	13.05%	18.22%	-15.78%	17.70%	10.17%	20.09%	-10.85%
FHDFX Fidelity Advisor Freedom Blend 2045 Fund Class C	12.35%	21.40%	12.39%	19.34%	-19.85%	15.00%	16.66%	25.21%	-12.19%

Correlation

The correlation between URSIX and FHDFX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.97

The correlation between URSIX and FHDFX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

URSIX vs. FHDFX — Risk / Return Rank

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

URSIX

URSIX Risk / Return Rank: 67
URSIX Sharpe Ratio Rank: 64
URSIX Sortino Ratio Rank: 63
URSIX Omega Ratio Rank: 60
URSIX Calmar Ratio Rank: 72
URSIX Martin Ratio Rank: 77

FHDFX

FHDFX Risk / Return Rank: 63
FHDFX Sharpe Ratio Rank: 62
FHDFX Sortino Ratio Rank: 59
FHDFX Omega Ratio Rank: 60
FHDFX Calmar Ratio Rank: 63
FHDFX Martin Ratio Rank: 69

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.

URSIX vs. FHDFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2060 Fund (URSIX) and Fidelity Advisor Freedom Blend 2045 Fund Class C (FHDFX). 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.

	URSIX	FHDFX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.28	+0.06
Sortino ratio: Return per unit of downside risk	3.29	3.17	+0.12
Omega ratio: Gain probability vs. loss probability	1.43	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	3.23	2.98	+0.25
Martin ratio: Return relative to average drawdown	14.21	13.13	+1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URSIX vs. FHDFX - Sharpe Ratio Comparison

The current URSIX Sharpe Ratio is 2.34, which is comparable to the FHDFX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of URSIX and FHDFX, 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

	URSIX	FHDFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.28	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.58	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.63	+0.03

Drawdowns

URSIX vs. FHDFX - Drawdown Comparison

The maximum URSIX drawdown since its inception was -30.33%, roughly equal to the maximum FHDFX drawdown of -31.40%. Use the drawdown chart below to compare losses from any high point for URSIX and FHDFX.

Drawdown Indicators

	URSIX	FHDFX	Difference
Max Drawdown Largest peak-to-trough decline	-30.33%	-31.40%	+1.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-9.57%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-14.35%	-15.69%	+1.34%
Max Drawdown (5Y) Largest decline over 5 years	-23.85%	-28.49%	+4.64%
Max Drawdown (10Y) Largest decline over 10 years	-30.33%	—	—
Current Drawdown Current decline from peak	-0.62%	-0.62%	0.00%
Average Drawdown Average peak-to-trough decline	-4.44%	-6.29%	+1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.17%	-0.28%

Volatility

URSIX vs. FHDFX - Volatility Comparison

The current volatility for USAA Target Retirement 2060 Fund (URSIX) is 3.55%, while Fidelity Advisor Freedom Blend 2045 Fund Class C (FHDFX) has a volatility of 4.17%. This indicates that URSIX experiences smaller price fluctuations and is considered to be less risky than FHDFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URSIX	FHDFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	4.17%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	10.19%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	12.51%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	15.06%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	16.87%	-2.34%

URSIX vs. FHDFX - Expense Ratio Comparison

URSIX has a 0.10% expense ratio, which is lower than FHDFX's 1.49% expense ratio.

Dividends

URSIX vs. FHDFX - Dividend Comparison

URSIX's dividend yield for the trailing twelve months is around 4.97%, more than FHDFX's 3.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHDFX Fidelity Advisor Freedom Blend 2045 Fund Class C	3.09%	2.08%	1.65%	1.20%	5.64%	7.99%	4.46%	2.63%	2.80%	0.00%	0.00%	0.00%
URSIX USAA Target Retirement 2060 Fund	4.97%	5.60%	2.55%	2.89%	10.97%	7.07%	4.79%	5.88%	4.77%	3.82%	3.01%	1.73%

Frequently Asked Questions

Can I hold both URSIX and FHDFX in my portfolio?

With a correlation of 0.98, URSIX and FHDFX 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, URSIX or FHDFX?

FHDFX has higher volatility (4.17%) compared to URSIX (3.55%). In terms of maximum drawdown, URSIX dropped -30.33% vs FHDFX's -31.40%.

Which has better risk-adjusted returns?

URSIX currently has the higher Sharpe Ratio (2.34 vs 2.28), 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.