FBGLX vs. FRQKX

Last updated Jul 18, 2026

FBGLX (Fidelity Advisor Freedom 2055 Fund Class Z6) and FRQKX (Fidelity Managed Retirement 2010 Fund Class K) are both Target Retirement Date funds. A 0.80 correlation means they provide meaningful diversification when combined. FBGLX charges 0.50%/yr vs 0.36%/yr for FRQKX.

Performance

FBGLX vs. FRQKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom 2055 Fund Class Z6 (FBGLX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBGLX

• 1D: -0.90%
• 1M: -0.43%
• 6M: 8.20%
• YTD: 11.52%
• 1Y: 21.69%
• 3Y*: 18.12%
• 5Y*: 9.98%
• 10Y*: —

FRQKX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBGLX vs. FRQKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FBGLX Fidelity Advisor Freedom 2055 Fund Class Z6	11.52%	23.38%	13.98%	19.58%	-17.92%	16.31%	17.89%	8.70%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.66%	9.91%	4.42%	8.62%	-12.30%	3.95%	9.68%	3.94%

Correlation

The correlation between FBGLX and FRQKX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.80

The correlation between FBGLX and FRQKX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

FBGLX vs. FRQKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBGLX

FBGLX Risk / Return Rank: 51
FBGLX Sharpe Ratio Rank: 48
FBGLX Sortino Ratio Rank: 45
FBGLX Omega Ratio Rank: 48
FBGLX Calmar Ratio Rank: 52
FBGLX Martin Ratio Rank: 62

FRQKX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBGLX vs. FRQKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2055 Fund Class Z6 (FBGLX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FBGLX	FRQKX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.29	—	—
Martin ratio: Return relative to average drawdown	9.74	—	—

Drawdowns

Drawdown Indicators

	FBGLX	FRQKX	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.11%	—	—
Current Drawdown Current decline from peak	-1.83%	—	—
Average Drawdown Average peak-to-trough decline	-5.40%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	—	—

Volatility

Volatility by Period

	FBGLX	FRQKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	—	—

FBGLX vs. FRQKX - Expense Ratio Comparison

FBGLX has a 0.50% expense ratio, which is higher than FRQKX's 0.36% expense ratio.

Dividends

FBGLX vs. FRQKX - Dividend Comparison

FBGLX's dividend yield for the trailing twelve months is around 6.46%, more than FRQKX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBGLX Fidelity Advisor Freedom 2055 Fund Class Z6	6.46%	5.51%	1.77%	1.99%	11.09%	9.48%	5.16%	6.86%	10.56%	2.74%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.28%	3.09%	2.91%	2.86%	5.12%	6.11%	3.61%	2.57%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBGLX and FRQKX in my portfolio?

FBGLX and FRQKX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.