FFIZX vs. FRKMX
Compare and contrast key facts about Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FFIZX is managed by Fidelity. It was launched on Oct 2, 2009. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FFIZX vs. FRKMX - Performance Comparison
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FFIZX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | -1.32% | 19.93% | 13.37% | 19.44% | -18.15% | 15.97% | 16.51% | 8.68% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, FFIZX achieves a -1.32% return, which is significantly lower than FRKMX's 0.27% 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%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
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FFIZX vs. FRKMX - Expense Ratio Comparison
FFIZX has a 0.08% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
FFIZX vs. FRKMX — Risk / Return Rank
FFIZX
FRKMX
FFIZX vs. FRKMX - 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 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.
| FFIZX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.72 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.41 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.35 | -0.52 |
Martin ratioReturn relative to average drawdown | 8.44 | 9.34 | -0.90 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.72 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.49 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.71 | -0.07 |
Correlation
The correlation between FFIZX and FRKMX is 0.75, 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. FRKMX - Dividend Comparison
FFIZX's dividend yield for the trailing twelve months is around 2.41%, less than FRKMX's 3.25% 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% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFIZX vs. FRKMX - Drawdown Comparison
The maximum FFIZX drawdown since its inception was -30.69%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FFIZX and FRKMX.
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Drawdown Indicators
| FFIZX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -16.04% | -14.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -3.42% | -6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.07% | -16.04% | -10.03% |
Max Drawdown (10Y)Largest decline over 10 years | -30.69% | — | — |
Current DrawdownCurrent decline from peak | -5.92% | -2.44% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -3.64% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.86% | +1.31% |
Volatility
FFIZX vs. FRKMX - Volatility Comparison
Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) has a higher volatility of 5.25% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that FFIZX's price experiences larger fluctuations and is considered to be riskier 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
| FFIZX | FRKMX | 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% | 4.63% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 5.23% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 5.14% | +9.71% |