FCTFX vs. FCFTX
Compare and contrast key facts about Fidelity California Municipal Income Fund (FCTFX) and Fidelity Advisor Freedom 2010 Fund Class M (FCFTX).
FCTFX is managed by Fidelity. It was launched on Jul 7, 1984. FCFTX is managed by Fidelity. It was launched on Jul 24, 2003.
Performance
FCTFX vs. FCFTX - Performance Comparison
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FCTFX vs. FCFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCTFX Fidelity California Municipal Income Fund | -1.07% | 5.75% | 1.89% | 6.53% | -9.64% | 1.39% | 4.50% | 7.63% | 0.68% | 5.81% |
FCFTX Fidelity Advisor Freedom 2010 Fund Class M | -0.90% | 10.77% | 4.65% | 8.99% | -13.60% | 4.87% | 10.34% | 14.19% | -3.76% | 11.58% |
Returns By Period
In the year-to-date period, FCTFX achieves a -1.07% return, which is significantly lower than FCFTX's -0.90% return. Over the past 10 years, FCTFX has underperformed FCFTX with an annualized return of 2.02%, while FCFTX has yielded a comparatively higher 4.83% annualized return.
FCTFX
- 1D
- 0.16%
- 1M
- -3.26%
- YTD
- -1.07%
- 6M
- 0.59%
- 1Y
- 4.27%
- 3Y*
- 3.38%
- 5Y*
- 0.96%
- 10Y*
- 2.02%
FCFTX
- 1D
- 0.27%
- 1M
- -3.92%
- YTD
- -0.90%
- 6M
- 0.41%
- 1Y
- 7.43%
- 3Y*
- 6.37%
- 5Y*
- 2.47%
- 10Y*
- 4.83%
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FCTFX vs. FCFTX - Expense Ratio Comparison
FCTFX has a 0.45% expense ratio, which is lower than FCFTX's 0.99% expense ratio.
Return for Risk
FCTFX vs. FCFTX — Risk / Return Rank
FCTFX
FCFTX
FCTFX vs. FCFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity California Municipal Income Fund (FCTFX) and Fidelity Advisor Freedom 2010 Fund Class M (FCFTX). 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.
| FCTFX | FCFTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.39 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.91 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.78 | -0.70 |
Martin ratioReturn relative to average drawdown | 3.87 | 7.22 | -3.35 |
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
| FCTFX | FCFTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.39 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.39 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.77 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.49 | +0.64 |
Correlation
The correlation between FCTFX and FCFTX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCTFX vs. FCFTX - Dividend Comparison
FCTFX's dividend yield for the trailing twelve months is around 3.01%, less than FCFTX's 4.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCTFX Fidelity California Municipal Income Fund | 3.01% | 3.86% | 2.85% | 2.67% | 1.67% | 2.28% | 2.79% | 2.84% | 3.01% | 3.53% | 3.52% | 3.03% |
FCFTX Fidelity Advisor Freedom 2010 Fund Class M | 4.75% | 4.70% | 2.56% | 2.24% | 6.83% | 8.60% | 5.58% | 5.52% | 8.73% | 6.18% | 4.19% | 3.91% |
Drawdowns
FCTFX vs. FCFTX - Drawdown Comparison
The maximum FCTFX drawdown since its inception was -23.20%, smaller than the maximum FCFTX drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for FCTFX and FCFTX.
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Drawdown Indicators
| FCTFX | FCFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -38.51% | +15.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.00% | -4.18% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.01% | -18.70% | +4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -14.01% | -18.70% | +4.69% |
Current DrawdownCurrent decline from peak | -3.26% | -3.92% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -4.20% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.03% | +0.36% |
Volatility
FCTFX vs. FCFTX - Volatility Comparison
The current volatility for Fidelity California Municipal Income Fund (FCTFX) is 1.17%, while Fidelity Advisor Freedom 2010 Fund Class M (FCFTX) has a volatility of 2.35%. This indicates that FCTFX experiences smaller price fluctuations and is considered to be less risky than FCFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCTFX | FCFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.35% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 3.49% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.99% | 5.46% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 6.31% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.04% | 6.31% | -2.27% |