FAFFX vs. FRAMX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FAFFX is managed by Fidelity. It was launched on Jul 24, 2003. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FAFFX vs. FRAMX - Performance Comparison
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FAFFX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | -0.81% | 21.14% | 12.60% | 18.39% | -18.31% | 15.78% | 17.18% | 26.41% | -8.48% | 21.35% |
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, FAFFX achieves a -0.81% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, FAFFX has outperformed FRAMX with an annualized return of 10.45%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
FAFFX
- 1D
- 2.72%
- 1M
- -5.38%
- YTD
- -0.81%
- 6M
- 1.85%
- 1Y
- 18.74%
- 3Y*
- 14.66%
- 5Y*
- 7.29%
- 10Y*
- 10.45%
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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FAFFX vs. FRAMX - Expense Ratio Comparison
FAFFX has a 1.00% expense ratio, which is higher than FRAMX's 0.70% expense ratio.
Return for Risk
FAFFX vs. FRAMX — Risk / Return Rank
FAFFX
FRAMX
FAFFX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) 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.
| FAFFX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.64 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.30 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.22 | -0.35 |
Martin ratioReturn relative to average drawdown | 8.22 | 8.81 | -0.60 |
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
| FAFFX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.64 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.42 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.84 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.50 | -0.07 |
Correlation
The correlation between FAFFX and FRAMX is 0.87, 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
FAFFX vs. FRAMX - Dividend Comparison
FAFFX's dividend yield for the trailing twelve months is around 7.15%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | 7.15% | 7.09% | 2.61% | 1.16% | 10.83% | 9.81% | 5.79% | 6.93% | 11.85% | 5.16% | 4.77% | 4.04% |
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
FAFFX vs. FRAMX - Drawdown Comparison
The maximum FAFFX drawdown since its inception was -56.14%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FAFFX and FRAMX.
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Drawdown Indicators
| FAFFX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.14% | -33.94% | -22.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -3.45% | -6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -27.41% | -16.31% | -11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | -16.31% | -14.97% |
Current DrawdownCurrent decline from peak | -6.38% | -2.47% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -3.86% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 0.87% | +1.47% |
Volatility
FAFFX vs. FRAMX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) has a higher volatility of 5.92% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FAFFX'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
| FAFFX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 2.14% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.88% | 2.95% | +5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.54% | 4.64% | +9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 5.22% | +9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 4.48% | +10.68% |