FIAFX vs. FRKMX
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class I (FIAFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FIAFX is managed by Fidelity. It was launched on Jul 24, 2003. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FIAFX vs. FRKMX - Performance Comparison
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FIAFX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | 0.29% | 10.07% | 4.29% | 8.05% | -11.40% | 3.13% | 8.79% | 3.38% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, FIAFX achieves a 0.29% return, which is significantly higher than FRKMX's 0.27% return.
FIAFX
- 1D
- 0.94%
- 1M
- -2.25%
- YTD
- 0.29%
- 6M
- 1.40%
- 1Y
- 7.67%
- 3Y*
- 6.30%
- 5Y*
- 2.57%
- 10Y*
- 4.11%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
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FIAFX vs. FRKMX - Expense Ratio Comparison
FIAFX has a 0.47% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
FIAFX vs. FRKMX — Risk / Return Rank
FIAFX
FRKMX
FIAFX vs. FRKMX - 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 Managed Retirement Income Fund Class K (FRKMX). 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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.72 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.34 | 2.41 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.35 | -0.21 |
Martin ratioReturn relative to average drawdown | 8.93 | 9.34 | -0.41 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.72 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.49 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.71 | +0.11 |
Correlation
The correlation between FIAFX and FRKMX 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
FIAFX vs. FRKMX - Dividend Comparison
FIAFX's dividend yield for the trailing twelve months is around 3.21%, less than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | 3.21% | 3.14% | 3.03% | 2.88% | 5.95% | 5.27% | 3.82% | 3.77% | 5.61% | 3.31% | 3.09% | 3.04% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIAFX vs. FRKMX - Drawdown Comparison
The maximum FIAFX drawdown since its inception was -18.94%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FIAFX and FRKMX.
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Drawdown Indicators
| FIAFX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -16.04% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.78% | -3.42% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -15.92% | -16.04% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -15.92% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -2.44% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -3.64% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.86% | +0.05% |
Volatility
FIAFX vs. FRKMX - Volatility Comparison
Fidelity Advisor Freedom Income Fund Class I (FIAFX) has a higher volatility of 2.38% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that FIAFX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIAFX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 2.14% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 2.95% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 4.63% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 5.23% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 5.14% | -0.55% |