FAFEX vs. FRKMX
Compare and contrast key facts about Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FAFEX is managed by Fidelity. It was launched on Jul 24, 2003. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FAFEX vs. FRKMX - Performance Comparison
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FAFEX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FAFEX Fidelity Advisor Freedom 2030 Fund Class A | -0.52% | 16.97% | 8.71% | 14.28% | -17.03% | 10.87% | 14.83% | 7.55% |
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
In the year-to-date period, FAFEX achieves a -0.52% return, which is significantly lower than FRKMX's 0.27% 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%
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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FAFEX vs. FRKMX - Expense Ratio Comparison
FAFEX has a 0.91% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
FAFEX vs. FRKMX — Risk / Return Rank
FAFEX
FRKMX
FAFEX vs. FRKMX - 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 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.
| FAFEX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.72 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.95 | 2.41 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.35 | -0.46 |
Martin ratioReturn relative to average drawdown | 8.01 | 9.34 | -1.33 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.72 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.49 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.71 | -0.28 |
Correlation
The correlation between FAFEX and FRKMX is 0.83, 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. FRKMX - Dividend Comparison
FAFEX's dividend yield for the trailing twelve months is around 7.31%, more than FRKMX's 3.25% 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% |
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
FAFEX vs. FRKMX - Drawdown Comparison
The maximum FAFEX drawdown since its inception was -53.79%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FAFEX and FRKMX.
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Drawdown Indicators
| FAFEX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -16.04% | -37.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -3.42% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -16.04% | -8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -24.98% | — | — |
Current DrawdownCurrent decline from peak | -5.06% | -2.44% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -3.64% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 0.86% | +0.97% |
Volatility
FAFEX vs. FRKMX - Volatility Comparison
Fidelity Advisor Freedom 2030 Fund Class A (FAFEX) has a higher volatility of 4.62% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that FAFEX'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
| FAFEX | FRKMX | 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% | 4.63% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 5.23% | +5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.47% | 5.14% | +6.33% |