FFGZX vs. FRKMX
Compare and contrast key facts about Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FFGZX is managed by Fidelity. It was launched on Oct 2, 2009. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FFGZX vs. FRKMX - Performance Comparison
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FFGZX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | -0.78% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 2.76% |
FRKMX Fidelity Managed Retirement Income Fund Class K | -0.48% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, FFGZX achieves a -0.78% return, which is significantly lower than FRKMX's -0.48% return.
FFGZX
- 1D
- 0.25%
- 1M
- -3.09%
- YTD
- -0.78%
- 6M
- 0.46%
- 1Y
- 6.37%
- 3Y*
- 5.94%
- 5Y*
- 2.62%
- 10Y*
- 3.87%
FRKMX
- 1D
- 0.26%
- 1M
- -3.17%
- YTD
- -0.48%
- 6M
- 0.79%
- 1Y
- 7.15%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
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FFGZX vs. FRKMX - Expense Ratio Comparison
FFGZX has a 0.08% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
FFGZX vs. FRKMX — Risk / Return Rank
FFGZX
FRKMX
FFGZX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) 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.
| FFGZX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.59 | -0.07 |
Sortino ratioReturn per unit of downside risk | 2.12 | 2.20 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.13 | -0.13 |
Martin ratioReturn relative to average drawdown | 8.42 | 8.58 | -0.16 |
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
| FFGZX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.59 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.48 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.69 | +0.15 |
Correlation
The correlation between FFGZX and FRKMX is 0.96, 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
FFGZX vs. FRKMX - Dividend Comparison
FFGZX's dividend yield for the trailing twelve months is around 3.46%, more than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.46% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.27% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFGZX vs. FRKMX - Drawdown Comparison
The maximum FFGZX drawdown since its inception was -14.94%, smaller than the maximum FRKMX drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FFGZX and FRKMX.
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Drawdown Indicators
| FFGZX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -16.04% | +1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -3.42% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -16.04% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -3.17% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -3.64% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.85% | -0.06% |
Volatility
FFGZX vs. FRKMX - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) is 1.85%, while Fidelity Managed Retirement Income Fund Class K (FRKMX) has a volatility of 1.96%. This indicates that FFGZX experiences smaller price fluctuations and is considered to be less risky 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
| FFGZX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.96% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.86% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 4.58% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 5.22% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.39% | 5.13% | -0.74% |