FAFAX vs. FRKMX
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class A (FAFAX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FAFAX is managed by Fidelity. It was launched on Jul 24, 2003. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FAFAX vs. FRKMX - Performance Comparison
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FAFAX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FAFAX Fidelity Advisor Freedom Income Fund Class A | 0.26% | 9.76% | 4.04% | 7.83% | -11.67% | 2.92% | 8.46% | 3.25% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
The year-to-date returns for both investments are quite close, with FAFAX having a 0.26% return and FRKMX slightly higher at 0.27%.
FAFAX
- 1D
- 0.94%
- 1M
- -2.28%
- YTD
- 0.26%
- 6M
- 1.28%
- 1Y
- 7.45%
- 3Y*
- 6.08%
- 5Y*
- 2.33%
- 10Y*
- 3.86%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
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FAFAX vs. FRKMX - Expense Ratio Comparison
FAFAX has a 0.72% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
FAFAX vs. FRKMX — Risk / Return Rank
FAFAX
FRKMX
FAFAX vs. FRKMX - 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 Managed Retirement Income Fund Class K (FRKMX). 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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 1.72 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.25 | 2.41 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.35 | -0.27 |
Martin ratioReturn relative to average drawdown | 8.52 | 9.34 | -0.82 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.72 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.49 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.71 | +0.07 |
Correlation
The correlation between FAFAX and FRKMX is 0.98, 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. FRKMX - Dividend Comparison
FAFAX's dividend yield for the trailing twelve months is around 2.98%, less than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFAX Fidelity Advisor Freedom Income Fund Class A | 2.98% | 2.93% | 2.88% | 2.66% | 5.70% | 5.06% | 3.60% | 3.52% | 5.39% | 3.13% | 2.86% | 2.82% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAFAX vs. FRKMX - Drawdown Comparison
The maximum FAFAX drawdown since its inception was -19.07%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FAFAX and FRKMX.
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Drawdown Indicators
| FAFAX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -16.04% | -3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -3.42% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -16.04% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -2.64% | -2.44% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -3.64% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.86% | +0.05% |
Volatility
FAFAX vs. FRKMX - Volatility Comparison
Fidelity Advisor Freedom Income Fund Class A (FAFAX) has a higher volatility of 2.38% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that FAFAX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFAX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 2.14% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 2.95% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 4.63% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 5.23% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 5.14% | -0.56% |