FFFTX vs. FRHMX
Compare and contrast key facts about Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX).
FFFTX is managed by Fidelity. It was launched on Jun 1, 2006. FRHMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FFFTX vs. FRHMX - Performance Comparison
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Returns By Period
In the year-to-date period, FFFTX achieves a -0.13% return, which is significantly lower than FRHMX's 0.47% return.
FFFTX
- 1D
- -0.20%
- 1M
- -2.41%
- YTD
- -0.13%
- 6M
- 2.12%
- 1Y
- 32.25%
- 3Y*
- 15.36%
- 5Y*
- 7.68%
- 10Y*
- 10.55%
FRHMX
- 1D
- 0.07%
- 1M
- -0.97%
- YTD
- 0.47%
- 6M
- 1.45%
- 1Y
- 9.73%
- 3Y*
- 6.33%
- 5Y*
- 2.67%
- 10Y*
- —
FFFTX vs. FRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFFTX Fidelity Advisor Freedom 2045 Fund Class M | -0.13% | 22.35% | 13.16% | 18.55% | -18.49% | 15.47% | 16.91% | 9.26% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 0.47% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 3.17% |
Correlation
The correlation between FFFTX and FRHMX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.
FFFTX vs. FRHMX - Expense Ratio Comparison
FFFTX has a 1.25% expense ratio, which is higher than FRHMX's 0.25% expense ratio.
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Return for Risk
FFFTX vs. FRHMX — Risk / Return Rank
FFFTX
FRHMX
FFFTX vs. FRHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). 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.
| FFFTX | FRHMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.72 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.84 | 2.40 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.33 | -0.43 |
Martin ratioReturn relative to average drawdown | 8.10 | 9.02 | -0.92 |
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
| FFFTX | FRHMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.72 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.51 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.74 | -0.33 |
Drawdowns
FFFTX vs. FRHMX - Drawdown Comparison
The maximum FFFTX drawdown since its inception was -56.90%, which is greater than FRHMX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for FFFTX and FRHMX.
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Drawdown Indicators
| FFFTX | FRHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -15.96% | -40.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -3.42% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -27.62% | -15.96% | -11.66% |
Max Drawdown (10Y)Largest decline over 10 years | -31.26% | — | — |
Current DrawdownCurrent decline from peak | -6.13% | -2.26% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -3.58% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 0.88% | +1.72% |
Volatility
FFFTX vs. FRHMX - Volatility Comparison
Fidelity Advisor Freedom 2045 Fund Class M (FFFTX) has a higher volatility of 6.28% compared to Fidelity Managed Retirement Income Fund Class K6 (FRHMX) at 2.06%. This indicates that FFFTX's price experiences larger fluctuations and is considered to be riskier than FRHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFFTX | FRHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 2.06% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 2.94% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 4.63% | +11.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.82% | 5.22% | +9.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 5.14% | +10.29% |
Dividends
FFFTX vs. FRHMX - Dividend Comparison
FFFTX's dividend yield for the trailing twelve months is around 6.22%, more than FRHMX's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFFTX Fidelity Advisor Freedom 2045 Fund Class M | 6.22% | 6.21% | 1.28% | 1.18% | 10.63% | 9.45% | 5.12% | 6.63% | 11.52% | 4.30% | 4.50% | 3.51% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 3.22% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% |