FDKLX vs. FRAMX
Compare and contrast key facts about Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FDKLX is managed by Fidelity. It was launched on Aug 5, 2014. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FDKLX vs. FRAMX - Performance Comparison
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FDKLX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDKLX Fidelity Freedom Index 2060 Fund Investor Class | -4.22% | 21.38% | 14.16% | 19.91% | -18.18% | 15.88% | 16.38% | 26.06% | -7.23% | 20.58% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, FDKLX achieves a -4.22% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, FDKLX has outperformed FRAMX with an annualized return of 10.38%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
FDKLX
- 1D
- -0.19%
- 1M
- -8.63%
- YTD
- -4.22%
- 6M
- -1.32%
- 1Y
- 16.51%
- 3Y*
- 14.18%
- 5Y*
- 7.72%
- 10Y*
- 10.38%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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FDKLX vs. FRAMX - Expense Ratio Comparison
FDKLX has a 0.12% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FDKLX vs. FRAMX — Risk / Return Rank
FDKLX
FRAMX
FDKLX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) 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.
| FDKLX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 1.50 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.59 | 2.09 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.00 | -0.64 |
Martin ratioReturn relative to average drawdown | 6.29 | 8.06 | -1.77 |
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
| FDKLX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.50 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.41 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.82 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.49 | +0.11 |
Correlation
The correlation between FDKLX and FRAMX is 0.79, 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
FDKLX vs. FRAMX - Dividend Comparison
FDKLX's dividend yield for the trailing twelve months is around 2.04%, less than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDKLX Fidelity Freedom Index 2060 Fund Investor Class | 2.04% | 1.95% | 1.94% | 1.89% | 1.99% | 1.86% | 1.79% | 6.74% | 2.33% | 2.12% | 2.41% | 1.82% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FDKLX vs. FRAMX - Drawdown Comparison
The maximum FDKLX drawdown since its inception was -30.73%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FDKLX and FRAMX.
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Drawdown Indicators
| FDKLX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -33.94% | +3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -3.45% | -7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.19% | -16.31% | -9.88% |
Max Drawdown (10Y)Largest decline over 10 years | -30.73% | -16.31% | -14.42% |
Current DrawdownCurrent decline from peak | -9.11% | -3.20% | -5.91% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -3.87% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 0.86% | +1.49% |
Volatility
FDKLX vs. FRAMX - Volatility Comparison
Fidelity Freedom Index 2060 Fund Investor Class (FDKLX) has a higher volatility of 5.02% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that FDKLX'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
| FDKLX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 1.96% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 2.86% | +5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 4.59% | +10.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 5.21% | +9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 4.47% | +10.62% |