FHBZX vs. FRAMX
Compare and contrast key facts about Fidelity Freedom Blend Income Fund (FHBZX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FHBZX is managed by Fidelity. It was launched on Aug 31, 2018. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FHBZX vs. FRAMX - Performance Comparison
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FHBZX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHBZX Fidelity Freedom Blend Income Fund | 0.29% | 10.12% | 4.11% | 8.07% | -11.70% | 2.84% | 8.57% | 10.47% | -2.39% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.45% |
Returns By Period
In the year-to-date period, FHBZX achieves a 0.29% return, which is significantly higher than FRAMX's 0.18% return.
FHBZX
- 1D
- 0.87%
- 1M
- -2.24%
- YTD
- 0.29%
- 6M
- 1.46%
- 1Y
- 7.75%
- 3Y*
- 6.23%
- 5Y*
- 2.47%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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FHBZX vs. FRAMX - Expense Ratio Comparison
FHBZX has a 0.41% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FHBZX vs. FRAMX — Risk / Return Rank
FHBZX
FRAMX
FHBZX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend Income Fund (FHBZX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| FHBZX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 1.64 | +0.05 |
Sortino ratioReturn per unit of downside risk | 2.38 | 2.30 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.22 | 0.00 |
Martin ratioReturn relative to average drawdown | 9.15 | 8.81 | +0.34 |
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
| FHBZX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.64 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.42 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.50 | +0.26 |
Correlation
The correlation between FHBZX and FRAMX is 0.98, 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
FHBZX vs. FRAMX - Dividend Comparison
FHBZX's dividend yield for the trailing twelve months is around 3.22%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHBZX Fidelity Freedom Blend Income Fund | 3.22% | 3.25% | 3.03% | 2.85% | 4.58% | 3.94% | 2.57% | 2.36% | 1.26% | 0.00% | 0.00% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FHBZX vs. FRAMX - Drawdown Comparison
The maximum FHBZX drawdown since its inception was -16.21%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FHBZX and FRAMX.
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Drawdown Indicators
| FHBZX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -33.94% | +17.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -3.45% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.21% | -16.31% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -2.60% | -2.47% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -3.86% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.87% | +0.01% |
Volatility
FHBZX vs. FRAMX - Volatility Comparison
Fidelity Freedom Blend Income Fund (FHBZX) has a higher volatility of 2.35% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FHBZX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHBZX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 2.14% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | 2.95% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.79% | 4.64% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.30% | 5.22% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 4.48% | +0.49% |