FFLDX vs. FIRQX

Last updated Jul 11, 2026

FFLDX (Fidelity Freedom Index 2055 Fund) and FIRQX (Fidelity Managed Retirement 2010 Fund) are both Target Retirement Date funds. Over the past 10 years, FFLDX returned 11.85%/yr vs 5.03%/yr for FIRQX. Their correlation of 0.84 suggests significant overlap in exposure. FFLDX charges 0.08%/yr vs 0.46%/yr for FIRQX.

Performance

FFLDX vs. FIRQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Managed Retirement 2010 Fund (FIRQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFLDX achieves a 11.48% return, which is significantly higher than FIRQX's 3.60% return. Over the past 10 years, FFLDX has outperformed FIRQX with an annualized return of 11.85%, while FIRQX has yielded a comparatively lower 5.03% annualized return.

FFLDX

• 1D: 0.67%
• 1M: 0.75%
• 6M: 8.96%
• YTD: 11.48%
• 1Y: 22.61%
• 3Y*: 18.55%
• 5Y*: 9.71%
• 10Y*: 11.85%

FIRQX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 2.74%
• YTD: 3.60%
• 1Y: 8.29%
• 3Y*: 7.27%
• 5Y*: 2.79%
• 10Y*: 5.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFLDX vs. FIRQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FFLDX Fidelity Freedom Index 2055 Fund	11.48%	21.48%	14.18%	19.93%	-17.32%	15.93%	16.52%	26.02%	-7.16%	20.57%
FIRQX Fidelity Managed Retirement 2010 Fund	3.60%	9.97%	4.48%	8.52%	-12.39%	3.82%	9.59%	12.62%	-2.83%	10.63%

Correlation

The correlation between FFLDX and FIRQX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 29, 2015	0.84

The correlation between FFLDX and FIRQX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

Return for Risk

FFLDX vs. FIRQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFLDX

FFLDX Risk / Return Rank: 65
FFLDX Sharpe Ratio Rank: 64
FFLDX Sortino Ratio Rank: 61
FFLDX Omega Ratio Rank: 63
FFLDX Calmar Ratio Rank: 65
FFLDX Martin Ratio Rank: 73

FIRQX

FIRQX Risk / Return Rank: 82
FIRQX Sharpe Ratio Rank: 83
FIRQX Sortino Ratio Rank: 83
FIRQX Omega Ratio Rank: 84
FIRQX Calmar Ratio Rank: 76
FIRQX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFLDX vs. FIRQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Managed Retirement 2010 Fund (FIRQX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FFLDX	FIRQX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.19	-0.42
Sortino ratio: Return per unit of downside risk	2.46	3.17	-0.71
Omega ratio: Gain probability vs. loss probability	1.33	1.44	-0.12
Calmar ratio: Return relative to maximum drawdown	2.47	2.77	-0.31
Martin ratio: Return relative to average drawdown	10.50	11.64	-1.14

FFLDX vs. FIRQX - Sharpe Ratio Comparison

The current FFLDX Sharpe Ratio is 1.77, which is comparable to the FIRQX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of FFLDX and FIRQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFLDX vs. FIRQX - Drawdown Comparison

The maximum FFLDX drawdown since its inception was -30.72%, smaller than the maximum FIRQX drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for FFLDX and FIRQX.

Drawdown Indicators

	FFLDX	FIRQX	Difference
Max Drawdown Largest peak-to-trough decline	-30.72%	-38.01%	+7.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.06%	-3.45%	-5.61%
Max Drawdown (3Y) Largest decline over 3 years	-14.74%	-5.19%	-9.55%
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	-17.04%	-9.14%
Max Drawdown (10Y) Largest decline over 10 years	-30.72%	-17.04%	-13.68%
Current Drawdown Current decline from peak	-1.01%	-0.44%	-0.57%
Average Drawdown Average peak-to-trough decline	-4.54%	-4.43%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	0.82%	+1.30%

Volatility

FFLDX vs. FIRQX - Volatility Comparison

Fidelity Freedom Index 2055 Fund (FFLDX) has a higher volatility of 4.64% compared to Fidelity Managed Retirement 2010 Fund (FIRQX) at 2.05%. This indicates that FFLDX's price experiences larger fluctuations and is considered to be riskier than FIRQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLDX	FIRQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	2.05%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	10.70%	3.72%	+6.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	4.38%	+8.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	5.60%	+8.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	5.35%	+9.79%

FFLDX vs. FIRQX - Expense Ratio Comparison

FFLDX has a 0.08% expense ratio, which is lower than FIRQX's 0.46% expense ratio.

Dividends

FFLDX vs. FIRQX - Dividend Comparison

FFLDX's dividend yield for the trailing twelve months is around 1.72%, less than FIRQX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFLDX Fidelity Freedom Index 2055 Fund	1.72%	2.00%	2.02%	1.96%	3.04%	1.99%	1.91%	10.83%	2.39%	1.97%	2.42%	2.32%
FIRQX Fidelity Managed Retirement 2010 Fund	3.17%	3.14%	2.95%	2.75%	5.01%	6.00%	3.50%	3.15%	5.59%	16.31%	2.43%	4.08%

Frequently Asked Questions

Can I hold both FFLDX and FIRQX in my portfolio?

FFLDX and FIRQX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFLDX or FIRQX?

FFLDX has higher volatility (4.64%) compared to FIRQX (2.05%). In terms of maximum drawdown, FFLDX dropped -30.72% vs FIRQX's -38.01%.

Which has better risk-adjusted returns?

FIRQX currently has the higher Sharpe Ratio (2.19 vs 1.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.