FFFAX vs. FRKMX
Compare and contrast key facts about Fidelity Freedom Income Fund (FFFAX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FFFAX is managed by Fidelity. It was launched on Oct 17, 1996. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FFFAX vs. FRKMX - Performance Comparison
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FFFAX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 0.45% | 10.42% | 4.34% | 8.18% | -11.33% | 3.12% | 8.93% | 3.23% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, FFFAX achieves a 0.45% return, which is significantly higher than FRKMX's 0.27% return.
FFFAX
- 1D
- 0.98%
- 1M
- -2.22%
- YTD
- 0.45%
- 6M
- 1.62%
- 1Y
- 8.19%
- 3Y*
- 6.51%
- 5Y*
- 2.71%
- 10Y*
- 4.24%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
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FFFAX vs. FRKMX - Expense Ratio Comparison
FFFAX has a 0.47% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
FFFAX vs. FRKMX — Risk / Return Rank
FFFAX
FRKMX
FFFAX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Income Fund (FFFAX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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.
| FFFAX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.72 | +0.02 |
Sortino ratioReturn per unit of downside risk | 2.45 | 2.41 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.35 | -0.04 |
Martin ratioReturn relative to average drawdown | 9.52 | 9.34 | +0.18 |
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
| FFFAX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.72 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.49 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.71 | +0.32 |
Correlation
The correlation between FFFAX and FRKMX is 0.98, 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
FFFAX vs. FRKMX - Dividend Comparison
FFFAX's dividend yield for the trailing twelve months is around 3.24%, which matches FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFAX Fidelity Freedom Income Fund | 3.24% | 3.29% | 3.13% | 2.92% | 5.89% | 6.12% | 4.37% | 3.65% | 5.17% | 3.74% | 3.21% | 3.28% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFFAX vs. FRKMX - Drawdown Comparison
The maximum FFFAX drawdown since its inception was -17.96%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FFFAX and FRKMX.
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Drawdown Indicators
| FFFAX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.96% | -16.04% | -1.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -3.42% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -16.04% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -15.87% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.44% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -3.64% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.86% | +0.03% |
Volatility
FFFAX vs. FRKMX - Volatility Comparison
Fidelity Freedom Income Fund (FFFAX) has a higher volatility of 2.44% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that FFFAX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFAX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 2.14% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 2.95% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 4.63% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.30% | 5.23% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 5.14% | -0.56% |