FFIZX vs. FRAMX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FFIZX is managed by Fidelity. It was launched on Oct 2, 2009. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FFIZX vs. FRAMX - Performance Comparison
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FFIZX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | -1.32% | 19.93% | 13.37% | 19.44% | -18.15% | 15.97% | 16.51% | 26.01% | -7.20% | 20.57% |
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, FFIZX achieves a -1.32% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, FFIZX has outperformed FRAMX with an annualized return of 10.49%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
FFIZX
- 1D
- 2.37%
- 1M
- -4.98%
- YTD
- -1.32%
- 6M
- 1.05%
- 1Y
- 17.78%
- 3Y*
- 14.46%
- 5Y*
- 7.63%
- 10Y*
- 10.49%
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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FFIZX vs. FRAMX - Expense Ratio Comparison
FFIZX has a 0.08% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FFIZX vs. FRAMX — Risk / Return Rank
FFIZX
FRAMX
FFIZX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) 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.
| FFIZX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.64 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.30 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.22 | -0.39 |
Martin ratioReturn relative to average drawdown | 8.44 | 8.81 | -0.38 |
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
| FFIZX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.64 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.42 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.84 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.50 | +0.14 |
Correlation
The correlation between FFIZX and FRAMX is 0.78, 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
FFIZX vs. FRAMX - Dividend Comparison
FFIZX's dividend yield for the trailing twelve months is around 2.41%, less than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 2.41% | 2.38% | 2.23% | 2.00% | 2.13% | 2.08% | 2.02% | 18.32% | 2.26% | 1.86% | 2.04% | 2.04% |
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
FFIZX vs. FRAMX - Drawdown Comparison
The maximum FFIZX drawdown since its inception was -30.69%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FFIZX and FRAMX.
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Drawdown Indicators
| FFIZX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -33.94% | +3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -3.45% | -6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -16.31% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | -16.31% | -14.38% |
Current DrawdownCurrent decline from peak | -5.92% | -2.47% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -3.86% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.87% | +1.30% |
Volatility
FFIZX vs. FRAMX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) has a higher volatility of 5.25% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FFIZX'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
| FFIZX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 2.14% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 2.95% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 4.64% | +9.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 5.22% | +8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 4.48% | +10.37% |