FFOLX vs. FRKMX
Compare and contrast key facts about Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FFOLX is managed by Fidelity. It was launched on Oct 2, 2009. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FFOLX vs. FRKMX - Performance Comparison
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FFOLX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | -1.52% | 21.44% | 14.19% | 19.95% | -18.18% | 15.98% | 16.51% | 8.73% |
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, FFOLX achieves a -1.52% return, which is significantly lower than FRKMX's -0.48% return.
FFOLX
- 1D
- 2.64%
- 1M
- -5.42%
- YTD
- -1.52%
- 6M
- 1.04%
- 1Y
- 19.27%
- 3Y*
- 15.27%
- 5Y*
- 8.10%
- 10Y*
- 10.73%
FRKMX
- 1D
- 0.26%
- 1M
- -2.78%
- YTD
- -0.48%
- 6M
- 0.60%
- 1Y
- 6.86%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
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FFOLX vs. FRKMX - Expense Ratio Comparison
FFOLX has a 0.08% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
FFOLX vs. FRKMX — Risk / Return Rank
FFOLX
FRKMX
FFOLX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) 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.
| FFOLX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.59 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.20 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.13 | -0.29 |
Martin ratioReturn relative to average drawdown | 8.40 | 8.58 | -0.18 |
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
| FFOLX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.59 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.48 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.69 | -0.05 |
Correlation
The correlation between FFOLX and FRKMX is 0.74, 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
FFOLX vs. FRKMX - Dividend Comparison
FFOLX's dividend yield for the trailing twelve months is around 2.09%, less than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFOLX Fidelity Freedom Index 2045 Fund Institutional Premium Class | 2.09% | 2.06% | 2.04% | 1.98% | 2.08% | 2.03% | 1.97% | 14.93% | 2.30% | 1.94% | 2.05% | 2.02% |
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
FFOLX vs. FRKMX - Drawdown Comparison
The maximum FFOLX drawdown since its inception was -30.72%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FFOLX and FRKMX.
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Drawdown Indicators
| FFOLX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.72% | -16.04% | -14.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -3.42% | -7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -16.04% | -10.14% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | — | — |
Current DrawdownCurrent decline from peak | -6.47% | -3.17% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -3.64% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 0.85% | +1.51% |
Volatility
FFOLX vs. FRKMX - Volatility Comparison
Fidelity Freedom Index 2045 Fund Institutional Premium Class (FFOLX) has a higher volatility of 5.75% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that FFOLX'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
| FFOLX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.75% | 1.96% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 2.86% | +6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 4.58% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 5.22% | +9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.11% | 5.13% | +9.98% |