FFFDX vs. FRAMX
Compare and contrast key facts about Fidelity Freedom 2020 Fund (FFFDX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FFFDX is managed by Fidelity. It was launched on Oct 17, 1996. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FFFDX vs. FRAMX - Performance Comparison
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FFFDX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFDX Fidelity Freedom 2020 Fund | 0.13% | 14.87% | 7.32% | 12.85% | -16.06% | 8.97% | 13.81% | 17.97% | -5.30% | 13.88% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 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, FFFDX achieves a 0.13% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, FFFDX has outperformed FRAMX with an annualized return of 6.95%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
FFFDX
- 1D
- 1.52%
- 1M
- -3.39%
- YTD
- 0.13%
- 6M
- 1.98%
- 1Y
- 12.75%
- 3Y*
- 9.76%
- 5Y*
- 4.34%
- 10Y*
- 6.95%
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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FFFDX vs. FRAMX - Expense Ratio Comparison
FFFDX has a 0.58% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FFFDX vs. FRAMX — Risk / Return Rank
FFFDX
FRAMX
FFFDX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2020 Fund (FFFDX) 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.
| FFFDX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.64 | -0.07 |
Sortino ratioReturn per unit of downside risk | 2.22 | 2.30 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.22 | -0.07 |
Martin ratioReturn relative to average drawdown | 9.12 | 8.81 | +0.31 |
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
| FFFDX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.64 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.42 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.84 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.50 | +0.05 |
Correlation
The correlation between FFFDX and FRAMX is 0.94, 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
FFFDX vs. FRAMX - Dividend Comparison
FFFDX's dividend yield for the trailing twelve months is around 7.35%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFDX Fidelity Freedom 2020 Fund | 7.35% | 7.36% | 4.67% | 2.63% | 9.81% | 12.06% | 6.88% | 6.54% | 7.10% | 2.95% | 3.62% | 3.92% |
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
FFFDX vs. FRAMX - Drawdown Comparison
The maximum FFFDX drawdown since its inception was -45.53%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FFFDX and FRAMX.
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Drawdown Indicators
| FFFDX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.53% | -33.94% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.12% | -3.45% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -16.31% | -6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -22.58% | -16.31% | -6.27% |
Current DrawdownCurrent decline from peak | -3.94% | -2.47% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -3.86% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.87% | +0.58% |
Volatility
FFFDX vs. FRAMX - Volatility Comparison
Fidelity Freedom 2020 Fund (FFFDX) has a higher volatility of 3.70% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FFFDX'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
| FFFDX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 2.14% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 5.23% | 2.95% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 4.64% | +3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.84% | 5.22% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 4.48% | +4.48% |