FAFAX vs. FFFAX

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class A (FAFAX) and Fidelity Freedom Income Fund (FFFAX).

FAFAX is managed by Fidelity. It was launched on Jul 24, 2003. FFFAX is managed by Fidelity. It was launched on Oct 17, 1996.

Performance

FAFAX vs. FFFAX - Performance Comparison

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

FAFAX vs. FFFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAFAX Fidelity Advisor Freedom Income Fund Class A	-0.68%	9.76%	4.04%	7.83%	-11.67%	2.92%	8.46%	10.85%	-2.03%	7.12%
FFFAX Fidelity Freedom Income Fund	-0.53%	10.42%	4.34%	8.18%	-11.33%	3.12%	8.93%	10.74%	-1.99%	8.21%

Returns By Period

In the year-to-date period, FAFAX achieves a -0.68% return, which is significantly lower than FFFAX's -0.53% return. Over the past 10 years, FAFAX has underperformed FFFAX with an annualized return of 3.77%, while FFFAX has yielded a comparatively higher 4.13% annualized return.

FAFAX

• 1D: 0.19%
• 1M: -3.55%
• YTD: -0.68%
• 6M: 0.52%
• 1Y: 6.76%
• 3Y*: 5.74%
• 5Y*: 2.23%
• 10Y*: 3.77%

FFFAX

• 1D: 0.18%
• 1M: -3.50%
• YTD: -0.53%
• 6M: 0.90%
• 1Y: 7.44%
• 3Y*: 6.16%
• 5Y*: 2.61%
• 10Y*: 4.13%

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

FAFAX vs. FFFAX - Expense Ratio Comparison

FAFAX has a 0.72% expense ratio, which is higher than FFFAX's 0.47% expense ratio.

FAFAX

Fidelity Advisor Freedom Income Fund Class A

FFFAX

Fidelity Freedom Income Fund

Return for Risk

FAFAX vs. FFFAX — Risk / Return Rank

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

FAFAX

FAFAX Risk / Return Rank: 77
FAFAX Sharpe Ratio Rank: 78
FAFAX Sortino Ratio Rank: 79
FAFAX Omega Ratio Rank: 74
FAFAX Calmar Ratio Rank: 78
FAFAX Martin Ratio Rank: 79

FFFAX

FFFAX Risk / Return Rank: 83
FFFAX Sharpe Ratio Rank: 83
FFFAX Sortino Ratio Rank: 84
FFFAX Omega Ratio Rank: 80
FFFAX Calmar Ratio Rank: 83
FFFAX Martin Ratio Rank: 84

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.

FAFAX vs. FFFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class A (FAFAX) and Fidelity Freedom Income Fund (FFFAX). 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.

	FAFAX	FFFAX	Difference
Sharpe ratio Return per unit of total volatility	1.43	1.56	-0.13
Sortino ratio Return per unit of downside risk	1.97	2.16	-0.19
Omega ratio Gain probability vs. loss probability	1.28	1.31	-0.03
Calmar ratio Return relative to maximum drawdown	1.84	2.05	-0.21
Martin ratio Return relative to average drawdown	7.65	8.59	-0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAFAX vs. FFFAX - Sharpe Ratio Comparison

The current FAFAX Sharpe Ratio is 1.43, which is comparable to the FFFAX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FAFAX and FFFAX, 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

	FAFAX	FFFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.56	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.50	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.91	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.02	-0.25

Correlation

The correlation between FAFAX and FFFAX is 0.94, 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

FAFAX vs. FFFAX - Dividend Comparison

FAFAX's dividend yield for the trailing twelve months is around 3.01%, less than FFFAX's 3.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAFAX Fidelity Advisor Freedom Income Fund Class A	3.01%	2.93%	2.88%	2.66%	5.70%	5.06%	3.60%	3.52%	5.39%	3.13%	2.86%	2.82%
FFFAX Fidelity Freedom Income Fund	3.27%	3.29%	3.13%	2.92%	5.89%	6.12%	4.37%	3.65%	5.17%	3.74%	3.21%	3.28%

Drawdowns

FAFAX vs. FFFAX - Drawdown Comparison

The maximum FAFAX drawdown since its inception was -19.07%, which is greater than FFFAX's maximum drawdown of -17.96%. Use the drawdown chart below to compare losses from any high point for FAFAX and FFFAX.

Drawdown Indicators

	FAFAX	FFFAX	Difference
Max Drawdown Largest peak-to-trough decline	-19.07%	-17.96%	-1.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.73%	-3.68%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-16.11%	-15.87%	-0.24%
Max Drawdown (10Y) Largest decline over 10 years	-16.11%	-15.87%	-0.24%
Current Drawdown Current decline from peak	-3.55%	-3.50%	-0.05%
Average Drawdown Average peak-to-trough decline	-2.18%	-1.80%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	0.88%	+0.02%

Volatility

FAFAX vs. FFFAX - Volatility Comparison

Fidelity Advisor Freedom Income Fund Class A (FAFAX) and Fidelity Freedom Income Fund (FFFAX) have volatilities of 2.12% and 2.17%, 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.

Volatility by Period

	FAFAX	FFFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	2.17%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.11%	3.15%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	4.80%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.25%	5.28%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	4.57%	0.00%