FFFGX vs. FRAMX
Compare and contrast key facts about Fidelity Freedom 2045 Fund (FFFGX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FFFGX is managed by Fidelity. It was launched on Jun 1, 2006. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FFFGX vs. FRAMX - Performance Comparison
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FFFGX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFFGX Fidelity Freedom 2045 Fund | -3.32% | 23.77% | 13.95% | 20.56% | -18.29% | 16.55% | 18.22% | 25.41% | -8.89% | 22.22% |
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, FFFGX achieves a -3.32% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, FFFGX has outperformed FRAMX with an annualized return of 10.90%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
FFFGX
- 1D
- -0.32%
- 1M
- -8.98%
- YTD
- -3.32%
- 6M
- 0.25%
- 1Y
- 19.57%
- 3Y*
- 15.37%
- 5Y*
- 8.16%
- 10Y*
- 10.90%
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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FFFGX vs. FRAMX - Expense Ratio Comparison
FFFGX has a 0.75% expense ratio, which is higher than FRAMX's 0.70% expense ratio.
Return for Risk
FFFGX vs. FRAMX — Risk / Return Rank
FFFGX
FRAMX
FFFGX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2045 Fund (FFFGX) 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.
| FFFGX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.50 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.76 | 2.09 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.00 | -0.43 |
Martin ratioReturn relative to average drawdown | 7.10 | 8.06 | -0.96 |
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
| FFFGX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.50 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.41 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.82 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.49 | -0.05 |
Correlation
The correlation between FFFGX and FRAMX is 0.87, 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
FFFGX vs. FRAMX - Dividend Comparison
FFFGX's dividend yield for the trailing twelve months is around 4.55%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFGX Fidelity Freedom 2045 Fund | 4.55% | 4.40% | 1.97% | 1.84% | 12.04% | 12.00% | 4.99% | 6.51% | 7.82% | 4.01% | 4.15% | 4.07% |
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
FFFGX vs. FRAMX - Drawdown Comparison
The maximum FFFGX drawdown since its inception was -54.61%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FFFGX and FRAMX.
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Drawdown Indicators
| FFFGX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.61% | -33.94% | -20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -3.45% | -7.76% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -16.31% | -11.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | -16.31% | -14.64% |
Current DrawdownCurrent decline from peak | -9.57% | -3.20% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -3.87% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 0.86% | +1.62% |
Volatility
FFFGX vs. FRAMX - Volatility Comparison
Fidelity Freedom 2045 Fund (FFFGX) has a higher volatility of 5.51% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that FFFGX'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
| FFFGX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 1.96% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 2.86% | +6.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 4.59% | +11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 5.21% | +9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 4.47% | +10.79% |