FAFAX vs. LCCMX

Last updated Jun 23, 2026

FAFAX (Fidelity Advisor Freedom Income Fund Class A) and LCCMX (Leader Short Term High Yield Bond Fund) are both mutual funds - FAFAX is a Target Retirement Date fund managed by Fidelity, while LCCMX is a Short-Term Bond fund managed by LEADER. Over the past 10 years, FAFAX returned 4.16%/yr vs 4.27%/yr for LCCMX. At a 0.30 correlation, their price movements are largely independent. FAFAX charges 0.72%/yr vs 2.55%/yr for LCCMX.

Performance

FAFAX vs. LCCMX - Performance Comparison

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

Returns By Period

In the year-to-date period, FAFAX achieves a 4.69% return, which is significantly higher than LCCMX's 3.89% return. Both investments have delivered pretty close results over the past 10 years, with FAFAX having a 4.16% annualized return and LCCMX not far ahead at 4.27%.

FAFAX

• 1D: 0.63%
• 1M: 1.20%
• YTD: 4.69%
• 6M: 4.78%
• 1Y: 10.27%
• 3Y*: 7.40%
• 5Y*: 2.86%
• 10Y*: 4.16%

LCCMX

• 1D: -0.12%
• 1M: 0.71%
• YTD: 3.89%
• 6M: 4.66%
• 1Y: 11.06%
• 3Y*: 13.94%
• 5Y*: 5.71%
• 10Y*: 4.27%

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

FAFAX vs. LCCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAFAX Fidelity Advisor Freedom Income Fund Class A	4.69%	9.76%	4.04%	7.83%	-11.67%	2.92%	8.46%	10.85%	-2.03%	7.12%
LCCMX Leader Short Term High Yield Bond Fund	3.89%	9.73%	18.51%	13.73%	-13.30%	1.30%	7.52%	0.65%	2.35%	1.89%

Correlation

The correlation between FAFAX and LCCMX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 14, 2005	0.30

The correlation between FAFAX and LCCMX shifts across timeframes, from 0.12 (3 years) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FAFAX vs. LCCMX — Risk / Return Rank

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

FAFAX

FAFAX Risk / Return Rank: 62
FAFAX Sharpe Ratio Rank: 60
FAFAX Sortino Ratio Rank: 62
FAFAX Omega Ratio Rank: 69
FAFAX Calmar Ratio Rank: 57
FAFAX Martin Ratio Rank: 63

LCCMX

LCCMX Risk / Return Rank: 79
LCCMX Sharpe Ratio Rank: 81
LCCMX Sortino Ratio Rank: 97
LCCMX Omega Ratio Rank: 97
LCCMX Calmar Ratio Rank: 65
LCCMX Martin Ratio Rank: 54

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. LCCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class A (FAFAX) and Leader Short Term High Yield Bond Fund (LCCMX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FAFAX	LCCMX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.45	-0.36
Sortino ratio: Return per unit of downside risk	3.00	5.35	-2.36
Omega ratio: Gain probability vs. loss probability	1.42	2.00	-0.58
Calmar ratio: Return relative to maximum drawdown	2.77	2.96	-0.19
Martin ratio: Return relative to average drawdown	11.75	10.43	+1.32

FAFAX vs. LCCMX - Sharpe Ratio Comparison

The current FAFAX Sharpe Ratio is 2.09, which is comparable to the LCCMX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of FAFAX and LCCMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FAFAX vs. LCCMX - Drawdown Comparison

The maximum FAFAX drawdown since its inception was -19.07%, smaller than the maximum LCCMX drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for FAFAX and LCCMX.

Drawdown Indicators

	FAFAX	LCCMX	Difference
Max Drawdown Largest peak-to-trough decline	-19.07%	-24.57%	+5.50%
Max Drawdown (1Y) Largest decline over 1 year	-3.73%	-3.76%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-4.95%	-3.76%	-1.19%
Max Drawdown (5Y) Largest decline over 5 years	-16.11%	-19.20%	+3.09%
Max Drawdown (10Y) Largest decline over 10 years	-16.11%	-24.57%	+8.46%
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-2.16%	-2.79%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	1.06%	-0.18%

Volatility

FAFAX vs. LCCMX - Volatility Comparison

Fidelity Advisor Freedom Income Fund Class A (FAFAX) has a higher volatility of 2.29% compared to Leader Short Term High Yield Bond Fund (LCCMX) at 0.62%. This indicates that FAFAX's price experiences larger fluctuations and is considered to be riskier than LCCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAFAX	LCCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	0.62%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	4.28%	3.37%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	4.93%	4.53%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.42%	5.79%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	6.34%	-1.66%

FAFAX vs. LCCMX - Expense Ratio Comparison

FAFAX has a 0.72% expense ratio, which is lower than LCCMX's 2.55% expense ratio.

Dividends

FAFAX vs. LCCMX - Dividend Comparison

FAFAX's dividend yield for the trailing twelve months is around 2.71%, less than LCCMX's 8.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAFAX Fidelity Advisor Freedom Income Fund Class A	2.71%	2.93%	2.88%	2.66%	5.70%	5.06%	3.60%	3.52%	5.39%	3.13%	2.86%	2.82%
LCCMX Leader Short Term High Yield Bond Fund	8.53%	8.93%	10.39%	8.55%	5.68%	2.11%	2.11%	2.98%	2.89%	2.10%	2.01%	2.75%

Frequently Asked Questions

Can I hold both FAFAX and LCCMX in my portfolio?

FAFAX and LCCMX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAFAX or LCCMX?

FAFAX has higher volatility (2.29%) compared to LCCMX (0.62%). In terms of maximum drawdown, FAFAX dropped -19.07% vs LCCMX's -24.57%.

Which has better risk-adjusted returns?

LCCMX currently has the higher Sharpe Ratio (2.45 vs 2.09), 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.