FCFFX vs. FRIMX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
FCFFX is managed by Fidelity. It was launched on Jul 24, 2003. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FCFFX vs. FRIMX - Performance Comparison
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FCFFX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCFFX Fidelity Advisor Freedom 2040 Fund Class C | -3.58% | 20.23% | 11.76% | 17.50% | -18.93% | 14.90% | 16.35% | 25.42% | -9.19% | 20.51% |
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, FCFFX achieves a -3.58% return, which is significantly lower than FRIMX's -0.51% return. Over the past 10 years, FCFFX has outperformed FRIMX with an annualized return of 9.33%, while FRIMX has yielded a comparatively lower 3.92% annualized return.
FCFFX
- 1D
- -0.18%
- 1M
- -8.42%
- YTD
- -3.58%
- 6M
- -1.01%
- 1Y
- 15.34%
- 3Y*
- 12.80%
- 5Y*
- 6.20%
- 10Y*
- 9.33%
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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FCFFX vs. FRIMX - Expense Ratio Comparison
FCFFX has a 1.75% expense ratio, which is higher than FRIMX's 0.45% expense ratio.
Return for Risk
FCFFX vs. FRIMX — Risk / Return Rank
FCFFX
FRIMX
FCFFX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) 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.
| FCFFX | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.56 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.54 | 2.17 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.08 | -0.74 |
Martin ratioReturn relative to average drawdown | 5.90 | 8.41 | -2.50 |
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
| FCFFX | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.56 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.46 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.88 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.53 | -0.16 |
Correlation
The correlation between FCFFX 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
FCFFX vs. FRIMX - Dividend Comparison
FCFFX's dividend yield for the trailing twelve months is around 7.25%, more than FRIMX's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFFX Fidelity Advisor Freedom 2040 Fund Class C | 7.25% | 6.99% | 2.18% | 0.70% | 10.63% | 9.51% | 5.52% | 6.57% | 11.46% | 4.73% | 4.30% | 3.94% |
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
FCFFX vs. FRIMX - Drawdown Comparison
The maximum FCFFX drawdown since its inception was -56.57%, which is greater than FRIMX's maximum drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for FCFFX and FRIMX.
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Drawdown Indicators
| FCFFX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -33.73% | -22.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -3.44% | -6.82% |
Max Drawdown (5Y)Largest decline over 5 years | -27.88% | -16.12% | -11.76% |
Max Drawdown (10Y)Largest decline over 10 years | -31.31% | -16.12% | -15.19% |
Current DrawdownCurrent decline from peak | -8.92% | -3.19% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -3.74% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.85% | +1.47% |
Volatility
FCFFX vs. FRIMX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class C (FCFFX) has a higher volatility of 5.04% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.95%. This indicates that FCFFX'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
| FCFFX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 1.95% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 2.86% | +5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 4.59% | +9.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 5.21% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 4.47% | +10.65% |