FAFAX vs. FRAMX
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class A (FAFAX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FAFAX is managed by Fidelity. It was launched on Jul 24, 2003. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FAFAX vs. FRAMX - Performance Comparison
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FAFAX vs. FRAMX - 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% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, FAFAX achieves a -0.68% return, which is significantly lower than FRAMX's -0.57% return. Both investments have delivered pretty close results over the past 10 years, with FAFAX having a 3.77% annualized return and FRAMX not far behind at 3.65%.
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%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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FAFAX vs. FRAMX - Expense Ratio Comparison
FAFAX has a 0.72% expense ratio, which is higher than FRAMX's 0.70% expense ratio.
Return for Risk
FAFAX vs. FRAMX — Risk / Return Rank
FAFAX
FRAMX
FAFAX vs. FRAMX - 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 Advisor Managed Retirement Income Fund Class A (FRAMX). 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 | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.50 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.09 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.00 | -0.16 |
Martin ratioReturn relative to average drawdown | 7.65 | 8.06 | -0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAFAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.50 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.41 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.82 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.49 | +0.28 |
Correlation
The correlation between FAFAX and FRAMX 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. FRAMX - Dividend Comparison
FAFAX's dividend yield for the trailing twelve months is around 3.01%, more than FRAMX's 2.91% 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% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FAFAX vs. FRAMX - Drawdown Comparison
The maximum FAFAX drawdown since its inception was -19.07%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FAFAX and FRAMX.
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Drawdown Indicators
| FAFAX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -33.94% | +14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -3.45% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -16.31% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -16.31% | +0.20% |
Current DrawdownCurrent decline from peak | -3.55% | -3.20% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -3.87% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.86% | +0.04% |
Volatility
FAFAX vs. FRAMX - Volatility Comparison
Fidelity Advisor Freedom Income Fund Class A (FAFAX) has a higher volatility of 2.12% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that FAFAX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFAX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 1.96% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 2.86% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 4.59% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.25% | 5.21% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.57% | 4.47% | +0.10% |