FIAFX vs. FRIMX
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class I (FIAFX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
FIAFX is managed by Fidelity. It was launched on Jul 24, 2003. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FIAFX vs. FRIMX - Performance Comparison
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FIAFX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | -0.65% | 10.07% | 4.29% | 8.05% | -11.40% | 3.13% | 8.79% | 11.10% | -1.80% | 7.30% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | -0.51% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Returns By Period
In the year-to-date period, FIAFX achieves a -0.65% return, which is significantly lower than FRIMX's -0.51% return. Both investments have delivered pretty close results over the past 10 years, with FIAFX having a 4.01% annualized return and FRIMX not far behind at 3.92%.
FIAFX
- 1D
- 0.19%
- 1M
- -3.60%
- YTD
- -0.65%
- 6M
- 0.64%
- 1Y
- 6.98%
- 3Y*
- 5.97%
- 5Y*
- 2.48%
- 10Y*
- 4.01%
FRIMX
- 1D
- 0.26%
- 1M
- -3.19%
- YTD
- -0.51%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.40%
- 10Y*
- 3.92%
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FIAFX vs. FRIMX - Expense Ratio Comparison
FIAFX has a 0.47% expense ratio, which is higher than FRIMX's 0.45% expense ratio.
Return for Risk
FIAFX vs. FRIMX — Risk / Return Rank
FIAFX
FRIMX
FIAFX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class I (FIAFX) 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.
| FIAFX | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.56 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.08 | 2.17 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.08 | -0.20 |
Martin ratioReturn relative to average drawdown | 7.96 | 8.41 | -0.45 |
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
| FIAFX | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.56 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.46 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.88 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.53 | +0.28 |
Correlation
The correlation between FIAFX and FRIMX 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.
Dividends
FIAFX vs. FRIMX - Dividend Comparison
FIAFX's dividend yield for the trailing twelve months is around 3.24%, more than FRIMX's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | 3.24% | 3.14% | 3.03% | 2.88% | 5.95% | 5.27% | 3.82% | 3.77% | 5.61% | 3.31% | 3.09% | 3.04% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.15% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Drawdowns
FIAFX vs. FRIMX - Drawdown Comparison
The maximum FIAFX drawdown since its inception was -18.94%, smaller than the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for FIAFX and FRIMX.
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Drawdown Indicators
| FIAFX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -33.73% | +14.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.78% | -3.44% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.92% | -16.12% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -15.92% | -16.12% | +0.20% |
Current DrawdownCurrent decline from peak | -3.60% | -3.19% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -3.74% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.85% | +0.04% |
Volatility
FIAFX vs. FRIMX - Volatility Comparison
Fidelity Advisor Freedom Income Fund Class I (FIAFX) has a higher volatility of 2.13% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.95%. This indicates that FIAFX'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
| FIAFX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 1.95% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.10% | 2.86% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 4.59% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 5.21% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 4.47% | +0.12% |