FAFFX vs. FRKMX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FAFFX is managed by Fidelity. It was launched on Jul 24, 2003. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FAFFX vs. FRKMX - Performance Comparison
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FAFFX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FAFFX Fidelity Advisor Freedom 2040 Fund Class A | -3.44% | 21.14% | 12.60% | 18.39% | -18.31% | 15.78% | 17.18% | 9.33% |
FRKMX Fidelity Managed Retirement Income Fund Class K | -0.48% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, FAFFX achieves a -3.44% return, which is significantly lower than FRKMX's -0.48% 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%
FRKMX
- 1D
- 0.26%
- 1M
- -3.17%
- YTD
- -0.48%
- 6M
- 0.79%
- 1Y
- 7.15%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
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FAFFX vs. FRKMX - Expense Ratio Comparison
FAFFX has a 1.00% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
FAFFX vs. FRKMX — Risk / Return Rank
FAFFX
FRKMX
FAFFX vs. FRKMX - 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 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.
| FAFFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.59 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.62 | 2.20 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.13 | -0.71 |
Martin ratioReturn relative to average drawdown | 6.31 | 8.58 | -2.27 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.59 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.48 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.69 | -0.27 |
Correlation
The correlation between FAFFX and FRKMX is 0.74, 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. FRKMX - Dividend Comparison
FAFFX's dividend yield for the trailing twelve months is around 7.34%, more than FRKMX's 3.27% 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% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.27% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAFFX vs. FRKMX - Drawdown Comparison
The maximum FAFFX drawdown since its inception was -56.14%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FAFFX and FRKMX.
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Drawdown Indicators
| FAFFX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.14% | -16.04% | -40.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -3.42% | -6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.41% | -16.04% | -11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -3.17% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -3.64% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.85% | +1.46% |
Volatility
FAFFX vs. FRKMX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class A (FAFFX) has a higher volatility of 5.05% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that FAFFX'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
| FAFFX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 1.96% | +3.09% |
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% | 4.58% | +9.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 5.22% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 5.13% | +10.00% |