FCIFX vs. FIRMX

Last updated Jul 17, 2026

FCIFX (Fidelity Advisor Freedom 2010 Fund Class I) and FIRMX (Fidelity Managed Retirement Income Fund) are both Target Retirement Date funds. With a 0.96 correlation, they move nearly in lockstep. FCIFX charges 0.49%/yr vs 0.45%/yr for FIRMX.

Performance

FCIFX vs. FIRMX - Performance Comparison

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

Returns By Period

FCIFX

• 1D: 0.26%
• 1M: -0.34%
• 6M: 3.36%
• YTD: 4.64%
• 1Y: 9.75%
• 3Y*: 8.25%
• 5Y*: 3.35%
• 10Y*: 5.55%

FIRMX

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

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

FCIFX vs. FIRMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCIFX Fidelity Advisor Freedom 2010 Fund Class I	4.64%	11.27%	5.19%	9.55%	-13.19%	5.44%	10.90%	14.74%	-3.44%	12.26%
FIRMX Fidelity Managed Retirement Income Fund	3.60%	9.95%	4.29%	8.07%	-11.66%	2.77%	8.57%	10.57%	-1.80%	7.08%

Correlation

The correlation between FCIFX and FIRMX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007	0.96

The correlation between FCIFX and FIRMX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

FCIFX vs. FIRMX — Risk / Return Rank

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

FCIFX

FCIFX Risk / Return Rank: 66
FCIFX Sharpe Ratio Rank: 64
FCIFX Sortino Ratio Rank: 65
FCIFX Omega Ratio Rank: 70
FCIFX Calmar Ratio Rank: 62
FCIFX Martin Ratio Rank: 69

FIRMX

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.

FCIFX vs. FIRMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2010 Fund Class I (FCIFX) and Fidelity Managed Retirement Income Fund (FIRMX). 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.

	FCIFX	FIRMX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	—	—
Sortino ratio: Return per unit of downside risk	2.60	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.50	—	—
Martin ratio: Return relative to average drawdown	10.48	—	—

Drawdowns

Drawdown Indicators

	FCIFX	FIRMX	Difference
Max Drawdown Largest peak-to-trough decline	-38.09%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.34%	—	—
Current Drawdown Current decline from peak	-0.51%	—	—
Average Drawdown Average peak-to-trough decline	-3.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	—	—

Volatility

Volatility by Period

	FCIFX	FIRMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.56%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.33%	—	—

FCIFX vs. FIRMX - Expense Ratio Comparison

FCIFX has a 0.49% expense ratio, which is higher than FIRMX's 0.45% expense ratio.

Dividends

FCIFX vs. FIRMX - Dividend Comparison

FCIFX's dividend yield for the trailing twelve months is around 5.06%, more than FIRMX's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCIFX Fidelity Advisor Freedom 2010 Fund Class I	5.06%	5.15%	2.72%	2.62%	7.32%	9.05%	6.04%	5.98%	9.07%	6.67%	4.58%	4.02%
FIRMX Fidelity Managed Retirement Income Fund	3.12%	3.13%	3.02%	2.81%	4.54%	3.56%	2.48%	2.59%	4.65%	8.57%	1.67%	1.68%

Frequently Asked Questions

Can I hold both FCIFX and FIRMX in my portfolio?

With a correlation of 0.91, FCIFX and FIRMX 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.