FFBSX vs. FRQKX

Last updated Jul 16, 2026

FFBSX (Fidelity Freedom Blend 2065 Fund) and FRQKX (Fidelity Managed Retirement 2010 Fund Class K) are both Target Retirement Date funds. A 0.80 correlation means they provide meaningful diversification when combined. FFBSX charges 0.49%/yr vs 0.36%/yr for FRQKX.

Performance

FFBSX vs. FRQKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Blend 2065 Fund (FFBSX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFBSX

• 1D: 0.63%
• 1M: -1.18%
• 6M: 9.85%
• YTD: 12.98%
• 1Y: 25.22%
• 3Y*: 18.19%
• 5Y*: 9.78%
• 10Y*: —

FRQKX

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

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

FFBSX vs. FRQKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FFBSX Fidelity Freedom Blend 2065 Fund	12.98%	22.66%	13.61%	20.44%	-19.07%	16.21%	17.89%	8.70%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.66%	9.91%	4.42%	8.62%	-12.30%	3.95%	9.68%	3.94%

Correlation

The correlation between FFBSX and FRQKX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.80

The correlation between FFBSX and FRQKX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

FFBSX vs. FRQKX — Risk / Return Rank

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

FFBSX

FFBSX Risk / Return Rank: 69
FFBSX Sharpe Ratio Rank: 66
FFBSX Sortino Ratio Rank: 63
FFBSX Omega Ratio Rank: 65
FFBSX Calmar Ratio Rank: 71
FFBSX Martin Ratio Rank: 79

FRQKX

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.

FFBSX vs. FRQKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2065 Fund (FFBSX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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.

	FFBSX	FRQKX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.44	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.56	—	—
Martin ratio: Return relative to average drawdown	10.98	—	—

Drawdowns

Drawdown Indicators

	FFBSX	FRQKX	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.71%	—	—
Current Drawdown Current decline from peak	-1.41%	—	—
Average Drawdown Average peak-to-trough decline	-5.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	—	—

Volatility

Volatility by Period

	FFBSX	FRQKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.98%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.31%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	—	—

FFBSX vs. FRQKX - Expense Ratio Comparison

FFBSX has a 0.49% expense ratio, which is higher than FRQKX's 0.36% expense ratio.

Dividends

FFBSX vs. FRQKX - Dividend Comparison

FFBSX's dividend yield for the trailing twelve months is around 3.27%, which matches FRQKX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FFBSX Fidelity Freedom Blend 2065 Fund	3.27%	2.48%	2.83%	1.93%	5.26%	6.83%	3.44%	2.87%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.28%	3.09%	2.91%	2.86%	5.12%	6.11%	3.61%	2.57%

Frequently Asked Questions

Can I hold both FFBSX and FRQKX in my portfolio?

FFBSX and FRQKX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.