FDFRX vs. FRAMX
Compare and contrast key facts about Fidelity Advisor Freedom 2065 Fund Class Z6 (FDFRX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FDFRX is managed by Fidelity. It was launched on Jun 28, 2019. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FDFRX vs. FRAMX - Performance Comparison
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FDFRX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FDFRX Fidelity Advisor Freedom 2065 Fund Class Z6 | -0.92% | 23.33% | 13.96% | 19.65% | -17.97% | 16.29% | 17.56% | 8.88% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 3.21% |
Returns By Period
In the year-to-date period, FDFRX achieves a -0.92% return, which is significantly lower than FRAMX's 0.18% return.
FDFRX
- 1D
- 3.08%
- 1M
- -5.94%
- YTD
- -0.92%
- 6M
- 2.12%
- 1Y
- 20.80%
- 3Y*
- 16.08%
- 5Y*
- 8.29%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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FDFRX vs. FRAMX - Expense Ratio Comparison
FDFRX has a 0.50% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FDFRX vs. FRAMX — Risk / Return Rank
FDFRX
FRAMX
FDFRX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2065 Fund Class Z6 (FDFRX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| FDFRX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.64 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.92 | 2.30 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.22 | -0.47 |
Martin ratioReturn relative to average drawdown | 7.60 | 8.81 | -1.21 |
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
| FDFRX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.64 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.42 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.50 | +0.15 |
Correlation
The correlation between FDFRX and FRAMX is 0.74, 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
FDFRX vs. FRAMX - Dividend Comparison
FDFRX's dividend yield for the trailing twelve months is around 5.02%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDFRX Fidelity Advisor Freedom 2065 Fund Class Z6 | 5.02% | 4.97% | 2.19% | 2.14% | 9.00% | 6.96% | 2.80% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FDFRX vs. FRAMX - Drawdown Comparison
The maximum FDFRX drawdown since its inception was -31.27%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FDFRX and FRAMX.
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Drawdown Indicators
| FDFRX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.27% | -33.94% | +2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -3.45% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.11% | -16.31% | -10.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -7.10% | -2.47% | -4.63% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -3.86% | -2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.87% | +1.70% |
Volatility
FDFRX vs. FRAMX - Volatility Comparison
Fidelity Advisor Freedom 2065 Fund Class Z6 (FDFRX) has a higher volatility of 6.63% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FDFRX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDFRX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.63% | 2.14% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 2.95% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 4.64% | +11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 5.22% | +9.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 4.48% | +12.71% |