FCFTX vs. FRIMX
FCFTX (Fidelity Advisor Freedom 2010 Fund Class M) and FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) are both Target Retirement Date funds. Over the past 10 years, FCFTX returned 5.41%/yr vs 4.26%/yr for FRIMX. With a 0.96 correlation, they move nearly in lockstep. FCFTX charges 0.99%/yr vs 0.45%/yr for FRIMX.
Performance
FCFTX vs. FRIMX - Performance Comparison
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Returns By Period
In the year-to-date period, FCFTX achieves a 4.68% return, which is significantly higher than FRIMX's 3.59% return. Over the past 10 years, FCFTX has outperformed FRIMX with an annualized return of 5.41%, while FRIMX has yielded a comparatively lower 4.26% annualized return.
FCFTX
- 1D
- -0.26%
- 1M
- 1.14%
- YTD
- 4.68%
- 6M
- 4.68%
- 1Y
- 10.54%
- 3Y*
- 8.22%
- 5Y*
- 2.98%
- 10Y*
- 5.41%
FRIMX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.59%
- 6M
- 3.58%
- 1Y
- 9.08%
- 3Y*
- 7.33%
- 5Y*
- 2.76%
- 10Y*
- 4.26%
FCFTX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCFTX Fidelity Advisor Freedom 2010 Fund Class M | 4.68% | 10.77% | 4.65% | 8.99% | -13.60% | 4.87% | 10.34% | 14.19% | -3.76% | 11.58% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.59% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Correlation
The correlation between FCFTX and FRIMX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007 | 0.96 |
The correlation between FCFTX and FRIMX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
FCFTX vs. FRIMX — Risk / Return Rank
FCFTX
FRIMX
FCFTX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2010 Fund Class M (FCFTX) 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.
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.
| FCFTX | FRIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.74 | -0.14 |
| Martin ratioReturn relative to average drawdown | 11.03 | 11.49 | -0.45 |
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Drawdowns
FCFTX vs. FRIMX - Drawdown Comparison
The maximum FCFTX drawdown since its inception was -38.51%, which is greater than FRIMX's maximum drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for FCFTX and FRIMX.
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Drawdown Indicators
| FCFTX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.51% | -33.73% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | -3.44% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -4.97% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -18.70% | -16.12% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -18.70% | -16.12% | -2.58% |
Current DrawdownCurrent decline from peak | -0.26% | -0.44% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -3.70% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.82% | +0.16% |
Volatility
FCFTX vs. FRIMX - Volatility Comparison
Fidelity Advisor Freedom 2010 Fund Class M (FCFTX) has a higher volatility of 2.35% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.68%. This indicates that FCFTX'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
| FCFTX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 1.68% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 3.68% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 4.36% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 5.32% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 4.54% | +1.82% |
FCFTX vs. FRIMX - Expense Ratio Comparison
FCFTX has a 0.99% expense ratio, which is higher than FRIMX's 0.45% expense ratio.
Dividends
FCFTX vs. FRIMX - Dividend Comparison
FCFTX's dividend yield for the trailing twelve months is around 4.62%, more than FRIMX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFTX Fidelity Advisor Freedom 2010 Fund Class M | 4.62% | 4.70% | 2.56% | 2.24% | 6.83% | 8.60% | 5.58% | 5.52% | 8.73% | 6.18% | 4.19% | 3.91% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.24% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Frequently Asked Questions
With a correlation of 0.96, FCFTX and FRIMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FCFTX has higher volatility (2.35%) compared to FRIMX (1.68%). In terms of maximum drawdown, FCFTX dropped -38.51% vs FRIMX's -33.73%.
FRIMX currently has the higher Sharpe Ratio (2.17 vs 2.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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