FBIFX vs. FRKMX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FBIFX is managed by Fidelity. It was launched on Oct 2, 2009. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FBIFX vs. FRKMX - Performance Comparison
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FBIFX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | -3.60% | 19.88% | 13.32% | 19.37% | -18.16% | 15.88% | 16.47% | 8.71% |
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, FBIFX achieves a -3.60% return, which is significantly lower than FRKMX's -0.48% return.
FBIFX
- 1D
- -0.07%
- 1M
- -7.73%
- YTD
- -3.60%
- 6M
- -0.93%
- 1Y
- 15.51%
- 3Y*
- 13.52%
- 5Y*
- 7.34%
- 10Y*
- 10.18%
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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FBIFX vs. FRKMX - Expense Ratio Comparison
FBIFX has a 0.12% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
FBIFX vs. FRKMX — Risk / Return Rank
FBIFX
FRKMX
FBIFX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) 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.
| FBIFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.59 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.65 | 2.20 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.13 | -0.71 |
Martin ratioReturn relative to average drawdown | 6.58 | 8.58 | -2.00 |
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
| FBIFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.59 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.48 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.69 | -0.03 |
Correlation
The correlation between FBIFX and FRKMX is 0.75, 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
FBIFX vs. FRKMX - Dividend Comparison
FBIFX's dividend yield for the trailing twelve months is around 2.43%, less than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.43% | 2.35% | 2.20% | 1.97% | 2.08% | 1.96% | 2.00% | 18.26% | 2.22% | 1.82% | 1.98% | 2.02% |
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
FBIFX vs. FRKMX - Drawdown Comparison
The maximum FBIFX drawdown since its inception was -30.73%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FBIFX and FRKMX.
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Drawdown Indicators
| FBIFX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -16.04% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -3.42% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -26.12% | -16.04% | -10.08% |
Max Drawdown (10Y)Largest decline over 10 years | -30.73% | — | — |
Current DrawdownCurrent decline from peak | -8.10% | -3.17% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -3.64% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.85% | +1.29% |
Volatility
FBIFX vs. FRKMX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) has a higher volatility of 4.50% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that FBIFX'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
| FBIFX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 1.96% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 2.86% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 4.58% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 5.22% | +8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 5.13% | +9.70% |