FFLDX vs. FRQIX
FFLDX (Fidelity Freedom Index 2055 Fund) and FRQIX (Fidelity Advisor Managed Retirement 2010 Fund Class I) are both Target Retirement Date funds. Over the past 10 years, FFLDX returned 12.10%/yr vs 4.98%/yr for FRQIX. Their correlation of 0.85 suggests significant overlap in exposure. FFLDX charges 0.08%/yr vs 0.46%/yr for FRQIX.
Performance
FFLDX vs. FRQIX - Performance Comparison
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Returns By Period
In the year-to-date period, FFLDX achieves a 12.07% return, which is significantly higher than FRQIX's 3.60% return. Over the past 10 years, FFLDX has outperformed FRQIX with an annualized return of 12.10%, while FRQIX has yielded a comparatively lower 4.98% annualized return.
FFLDX
- 1D
- 1.21%
- 1M
- 1.93%
- YTD
- 12.07%
- 6M
- 11.96%
- 1Y
- 28.04%
- 3Y*
- 18.26%
- 5Y*
- 10.41%
- 10Y*
- 12.10%
FRQIX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.60%
- 6M
- 3.74%
- 1Y
- 9.41%
- 3Y*
- 7.28%
- 5Y*
- 2.83%
- 10Y*
- 4.98%
FFLDX vs. FRQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFLDX Fidelity Freedom Index 2055 Fund | 12.07% | 21.48% | 14.18% | 19.93% | -17.32% | 15.93% | 16.52% | 26.02% | -7.16% | 20.57% |
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.60% | 9.97% | 4.48% | 8.52% | -12.39% | 3.82% | 9.58% | 12.63% | -2.84% | 10.64% |
Correlation
The correlation between FFLDX and FRQIX is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
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 | 0.85 |
The correlation between FFLDX and FRQIX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
FFLDX vs. FRQIX — Risk / Return Rank
FFLDX
FRQIX
FFLDX vs. FRQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2055 Fund (FFLDX) and Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX). 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 | FRQIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.75 | +0.31 |
| Martin ratioReturn relative to average drawdown | 13.22 | 11.51 | +1.71 |
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Drawdowns
FFLDX vs. FRQIX - Drawdown Comparison
The maximum FFLDX drawdown since its inception was -30.72%, smaller than the maximum FRQIX drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for FFLDX and FRQIX.
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Drawdown Indicators
| FFLDX | FRQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -38.01% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -3.43% | -5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -5.21% | -9.53% |
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 DrawdownCurrent decline from peak | -0.49% | -0.42% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -4.42% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 0.82% | +1.27% |
Volatility
FFLDX vs. FRQIX - Volatility Comparison
Fidelity Freedom Index 2055 Fund (FFLDX) has a higher volatility of 5.18% compared to Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX) at 1.78%. This indicates that FFLDX's price experiences larger fluctuations and is considered to be riskier than FRQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFLDX | FRQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 1.78% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 3.68% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 4.35% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 5.60% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 5.34% | +9.88% |
FFLDX vs. FRQIX - Expense Ratio Comparison
FFLDX has a 0.08% expense ratio, which is lower than FRQIX's 0.46% expense ratio.
Dividends
FFLDX vs. FRQIX - Dividend Comparison
FFLDX's dividend yield for the trailing twelve months is around 1.71%, less than FRQIX's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFLDX Fidelity Freedom Index 2055 Fund | 1.71% | 2.00% | 2.02% | 1.96% | 3.04% | 1.99% | 1.91% | 10.83% | 2.39% | 1.97% | 2.42% | 2.32% |
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.22% | 3.14% | 2.97% | 2.75% | 5.01% | 6.00% | 3.51% | 3.14% | 5.60% | 16.32% | 2.43% | 4.08% |
Frequently Asked Questions
FFLDX and FRQIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFLDX has higher volatility (5.18%) compared to FRQIX (1.78%). In terms of maximum drawdown, FFLDX dropped -30.72% vs FRQIX's -38.01%.
FFLDX currently has the higher Sharpe Ratio (2.22 vs 2.16), 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.
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