FFOPX vs. FMRFX

Last updated Jul 14, 2026

FFOPX (Fidelity Freedom Index 2050 Fund Institutional Premium Class) and FMRFX (Fidelity Managed Retirement 2030 Fund Class K6) are both Target Retirement Date funds. Their correlation of 0.94 suggests significant overlap in exposure. FFOPX charges 0.08%/yr vs 0.28%/yr for FMRFX.

Performance

FFOPX vs. FMRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) and Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFOPX

• 1D: 0.32%
• 1M: 1.03%
• 6M: 8.70%
• YTD: 11.66%
• 1Y: 22.81%
• 3Y*: 18.30%
• 5Y*: 9.52%
• 10Y*: 11.65%

FMRFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FFOPX vs. FMRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	11.66%	21.41%	14.20%	19.97%	-18.20%	15.98%	16.55%	11.36%
FMRFX Fidelity Managed Retirement 2030 Fund Class K6	5.15%	14.48%	7.33%	12.86%	-16.18%	9.11%	14.08%	7.39%

Correlation

The correlation between FFOPX and FMRFX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019	0.94

The correlation between FFOPX and FMRFX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

FFOPX vs. FMRFX — Risk / Return Rank

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

FFOPX

FFOPX Risk / Return Rank: 66
FFOPX Sharpe Ratio Rank: 65
FFOPX Sortino Ratio Rank: 62
FFOPX Omega Ratio Rank: 63
FFOPX Calmar Ratio Rank: 65
FFOPX Martin Ratio Rank: 72

FMRFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FFOPX vs. FMRFX - Risk-Adjusted Trends 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.

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.

	FFOPX	FMRFX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	10.52	—	—

Drawdowns

Drawdown Indicators

	FFOPX	FMRFX	Difference
Max Drawdown Largest peak-to-trough decline	-30.71%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.71%	—	—
Current Drawdown Current decline from peak	-0.72%	—	—
Average Drawdown Average peak-to-trough decline	-4.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	—	—

Volatility

Volatility by Period

	FFOPX	FMRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.13%	—	—

FFOPX vs. FMRFX - Expense Ratio Comparison

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

Dividends

FFOPX vs. FMRFX - Dividend Comparison

FFOPX's dividend yield for the trailing twelve months is around 1.79%, less than FMRFX's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class	1.79%	2.01%	2.04%	1.98%	2.07%	2.05%	1.97%	15.21%	2.32%	2.09%	2.14%	2.01%
FMRFX Fidelity Managed Retirement 2030 Fund Class K6	2.76%	2.69%	2.72%	2.60%	4.20%	4.94%	3.14%	1.60%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFOPX and FMRFX in my portfolio?

FFOPX and FMRFX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.