FAFEX vs. FRAMX
Compare and contrast key facts about Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FAFEX is managed by Fidelity. It was launched on Jul 24, 2003. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FAFEX vs. FRAMX - Performance Comparison
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FAFEX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFEX Fidelity Advisor Freedom 2030 Fund Class A | -0.52% | 16.97% | 8.71% | 14.28% | -17.03% | 10.87% | 14.83% | 22.52% | -6.72% | 18.98% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 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, FAFEX achieves a -0.52% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, FAFEX has outperformed FRAMX with an annualized return of 8.37%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
FAFEX
- 1D
- 1.99%
- 1M
- -4.35%
- YTD
- -0.52%
- 6M
- 1.43%
- 1Y
- 14.20%
- 3Y*
- 11.10%
- 5Y*
- 5.03%
- 10Y*
- 8.37%
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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FAFEX vs. FRAMX - Expense Ratio Comparison
FAFEX has a 0.91% expense ratio, which is higher than FRAMX's 0.70% expense ratio.
Return for Risk
FAFEX vs. FRAMX — Risk / Return Rank
FAFEX
FRAMX
FAFEX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) 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.
| FAFEX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.64 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.95 | 2.30 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.22 | -0.33 |
Martin ratioReturn relative to average drawdown | 8.01 | 8.81 | -0.81 |
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
| FAFEX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.64 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.42 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.84 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.50 | -0.07 |
Correlation
The correlation between FAFEX and FRAMX is 0.91, 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
FAFEX vs. FRAMX - Dividend Comparison
FAFEX's dividend yield for the trailing twelve months is around 7.31%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFEX Fidelity Advisor Freedom 2030 Fund Class A | 7.31% | 7.28% | 2.76% | 1.72% | 8.89% | 9.42% | 6.37% | 6.75% | 10.72% | 5.44% | 4.66% | 3.90% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FAFEX vs. FRAMX - Drawdown Comparison
The maximum FAFEX drawdown since its inception was -53.79%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FAFEX and FRAMX.
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Drawdown Indicators
| FAFEX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -33.94% | -19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -3.45% | -4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -16.31% | -8.18% |
Max Drawdown (10Y)Largest decline over 10 years | -24.98% | -16.31% | -8.67% |
Current DrawdownCurrent decline from peak | -5.06% | -2.47% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -3.86% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 0.87% | +0.96% |
Volatility
FAFEX vs. FRAMX - Volatility Comparison
Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) has a higher volatility of 4.62% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FAFEX'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
| FAFEX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 2.14% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 6.66% | 2.95% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 4.64% | +6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 5.22% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.47% | 4.48% | +6.99% |