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FFOPX vs. FMRFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FFOPXFMRFX
YTD Return15.19%8.87%
1Y Return26.60%17.30%
3Y Return (Ann)3.96%-0.36%
5Y Return (Ann)9.72%4.51%
Sharpe Ratio2.502.45
Sortino Ratio3.473.71
Omega Ratio1.471.47
Calmar Ratio2.211.06
Martin Ratio16.2315.23
Ulcer Index1.64%1.14%
Daily Std Dev10.68%7.04%
Max Drawdown-30.71%-24.38%
Current Drawdown-1.44%-1.55%

Correlation

-0.50.00.51.00.9

The correlation between FFOPX and FMRFX is 0.94, 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.

Performance

FFOPX vs. FMRFX - Performance Comparison

In the year-to-date period, FFOPX achieves a 15.19% return, which is significantly higher than FMRFX's 8.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
8.62%
6.03%
FFOPX
FMRFX

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FFOPX vs. FMRFX - Expense Ratio Comparison

FFOPX has a 0.08% expense ratio, which is lower than FMRFX's 0.28% expense ratio.


FMRFX
Fidelity Managed Retirement 2030 Fund Class K6
Expense ratio chart for FMRFX: current value at 0.28% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.28%
Expense ratio chart for FFOPX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

FFOPX vs. FMRFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX). 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.


FFOPX
Sharpe ratio
The chart of Sharpe ratio for FFOPX, currently valued at 2.49, compared to the broader market0.002.004.002.49
Sortino ratio
The chart of Sortino ratio for FFOPX, currently valued at 3.46, compared to the broader market0.005.0010.003.47
Omega ratio
The chart of Omega ratio for FFOPX, currently valued at 1.46, compared to the broader market1.002.003.004.001.46
Calmar ratio
The chart of Calmar ratio for FFOPX, currently valued at 2.21, compared to the broader market0.005.0010.0015.0020.002.21
Martin ratio
The chart of Martin ratio for FFOPX, currently valued at 16.17, compared to the broader market0.0020.0040.0060.0080.00100.0016.17
FMRFX
Sharpe ratio
The chart of Sharpe ratio for FMRFX, currently valued at 2.45, compared to the broader market0.002.004.002.45
Sortino ratio
The chart of Sortino ratio for FMRFX, currently valued at 3.71, compared to the broader market0.005.0010.003.71
Omega ratio
The chart of Omega ratio for FMRFX, currently valued at 1.47, compared to the broader market1.002.003.004.001.47
Calmar ratio
The chart of Calmar ratio for FMRFX, currently valued at 1.06, compared to the broader market0.005.0010.0015.0020.001.06
Martin ratio
The chart of Martin ratio for FMRFX, currently valued at 15.23, compared to the broader market0.0020.0040.0060.0080.00100.0015.23

FFOPX vs. FMRFX - Sharpe Ratio Comparison

The current FFOPX Sharpe Ratio is 2.50, which is comparable to the FMRFX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of FFOPX and FMRFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
2.49
2.45
FFOPX
FMRFX

Dividends

FFOPX vs. FMRFX - Dividend Comparison

FFOPX's dividend yield for the trailing twelve months is around 1.74%, less than FMRFX's 2.62% yield.


TTM202320222021202020192018201720162015
FFOPX
Fidelity Freedom Index 2050 Fund Institutional Premium Class
1.74%1.98%2.01%1.62%1.41%1.81%2.24%1.76%2.09%2.01%
FMRFX
Fidelity Managed Retirement 2030 Fund Class K6
2.62%2.53%3.18%2.44%1.17%1.22%0.00%0.00%0.00%0.00%

Drawdowns

FFOPX vs. FMRFX - Drawdown Comparison

The maximum FFOPX drawdown since its inception was -30.71%, which is greater than FMRFX's maximum drawdown of -24.38%. Use the drawdown chart below to compare losses from any high point for FFOPX and FMRFX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.44%
-1.55%
FFOPX
FMRFX

Volatility

FFOPX vs. FMRFX - Volatility Comparison

Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) has a higher volatility of 2.60% compared to Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) at 1.62%. This indicates that FFOPX's price experiences larger fluctuations and is considered to be riskier than FMRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
2.60%
1.62%
FFOPX
FMRFX