FAFFX vs. FRIMX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
FAFFX is managed by Fidelity. It was launched on Jul 24, 2003. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FAFFX vs. FRIMX - Performance Comparison
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FAFFX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | -3.44% | 21.14% | 12.60% | 18.39% | -18.31% | 15.78% | 17.18% | 26.41% | -8.48% | 21.35% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | -0.51% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Returns By Period
In the year-to-date period, FAFFX achieves a -3.44% return, which is significantly lower than FRIMX's -0.51% return. Over the past 10 years, FAFFX has outperformed FRIMX with an annualized return of 10.15%, while FRIMX has yielded a comparatively lower 3.92% annualized return.
FAFFX
- 1D
- -0.17%
- 1M
- -8.40%
- YTD
- -3.44%
- 6M
- -0.64%
- 1Y
- 16.21%
- 3Y*
- 13.64%
- 5Y*
- 6.99%
- 10Y*
- 10.15%
FRIMX
- 1D
- 0.26%
- 1M
- -3.19%
- YTD
- -0.51%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.40%
- 10Y*
- 3.92%
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FAFFX vs. FRIMX - Expense Ratio Comparison
FAFFX has a 1.00% expense ratio, which is higher than FRIMX's 0.45% expense ratio.
Return for Risk
FAFFX vs. FRIMX — Risk / Return Rank
FAFFX
FRIMX
FAFFX vs. FRIMX - 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 I (FRIMX). 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 | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.56 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.62 | 2.17 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.08 | -0.66 |
Martin ratioReturn relative to average drawdown | 6.31 | 8.41 | -2.09 |
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 | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.56 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.46 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.88 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.53 | -0.11 |
Correlation
The correlation between FAFFX and FRIMX 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. FRIMX - Dividend Comparison
FAFFX's dividend yield for the trailing twelve months is around 7.34%, more than FRIMX's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | 7.34% | 7.09% | 2.61% | 1.16% | 10.83% | 9.81% | 5.79% | 6.93% | 11.85% | 5.16% | 4.77% | 4.04% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.15% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Drawdowns
FAFFX vs. FRIMX - Drawdown Comparison
The maximum FAFFX drawdown since its inception was -56.14%, which is greater than FRIMX's maximum drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for FAFFX and FRIMX.
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Drawdown Indicators
| FAFFX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.14% | -33.73% | -22.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -3.44% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.41% | -16.12% | -11.29% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | -16.12% | -15.16% |
Current DrawdownCurrent decline from peak | -8.87% | -3.19% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -3.74% | -4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.85% | +1.46% |
Volatility
FAFFX vs. FRIMX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) has a higher volatility of 5.05% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.95%. This indicates that FAFFX's price experiences larger fluctuations and is considered to be riskier than FRIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFFX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 1.95% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 2.86% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 4.59% | +9.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 5.21% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 4.47% | +10.66% |