FHQEX vs. FRIMX
FHQEX (Fidelity Advisor Freedom Blend 2055 Fund Class I) and FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) are both Target Retirement Date funds. Over the past 5 years, FHQEX returned 11.04%/yr vs 2.79%/yr for FRIMX. A 0.74 correlation means they provide meaningful diversification when combined. FHQEX charges 0.49%/yr vs 0.45%/yr for FRIMX.
Performance
FHQEX vs. FRIMX - Performance Comparison
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Returns By Period
In the year-to-date period, FHQEX achieves a 14.56% return, which is significantly higher than FRIMX's 3.59% return.
FHQEX
- 1D
- 1.50%
- 1M
- 3.16%
- YTD
- 14.56%
- 6M
- 14.53%
- 1Y
- 31.54%
- 3Y*
- 20.32%
- 5Y*
- 11.04%
- 10Y*
- —
FRIMX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.59%
- 6M
- 3.72%
- 1Y
- 9.38%
- 3Y*
- 7.18%
- 5Y*
- 2.79%
- 10Y*
- 4.19%
FHQEX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHQEX Fidelity Advisor Freedom Blend 2055 Fund Class I | 14.56% | 22.60% | 16.42% | 20.49% | -19.10% | 16.32% | 17.85% | 26.38% | -13.53% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.59% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -2.38% |
Correlation
The correlation between FHQEX and FRIMX 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 | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.75 |
The correlation between FHQEX and FRIMX has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.
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Return for Risk
FHQEX vs. FRIMX — Risk / Return Rank
FHQEX
FRIMX
FHQEX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2055 Fund Class I (FHQEX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX). 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.
| FHQEX | FRIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.74 | +0.49 |
| Martin ratioReturn relative to average drawdown | 14.05 | 11.47 | +2.58 |
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Drawdowns
FHQEX vs. FRIMX - Drawdown Comparison
The maximum FHQEX drawdown since its inception was -31.34%, smaller than the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for FHQEX and FRIMX.
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Drawdown Indicators
| FHQEX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.34% | -33.73% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -3.44% | -6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -4.97% | -10.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.80% | -16.12% | -11.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -3.70% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.82% | +1.40% |
Volatility
FHQEX vs. FRIMX - Volatility Comparison
Fidelity Advisor Freedom Blend 2055 Fund Class I (FHQEX) has a higher volatility of 5.82% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.77%. This indicates that FHQEX's price experiences larger fluctuations and is considered to be riskier than FRIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHQEX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 1.77% | +4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 3.68% | +7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.66% | 4.35% | +9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 5.32% | +9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 4.54% | +12.43% |
FHQEX vs. FRIMX - Expense Ratio Comparison
FHQEX has a 0.49% expense ratio, which is higher than FRIMX's 0.45% expense ratio.
Dividends
FHQEX vs. FRIMX - Dividend Comparison
FHQEX's dividend yield for the trailing twelve months is around 3.19%, less than FRIMX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHQEX Fidelity Advisor Freedom Blend 2055 Fund Class I | 3.19% | 2.36% | 4.95% | 1.89% | 6.19% | 8.32% | 4.49% | 3.10% | 1.75% | 0.00% | 0.00% | 0.00% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.24% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Frequently Asked Questions
FHQEX and FRIMX 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.
FHQEX has higher volatility (5.82%) compared to FRIMX (1.77%). In terms of maximum drawdown, FHQEX dropped -31.34% vs FRIMX's -33.73%.
FHQEX currently has the higher Sharpe Ratio (2.28 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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