FIHFX vs. FRKMX
Compare and contrast key facts about Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FIHFX is managed by Fidelity. It was launched on Oct 2, 2009. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FIHFX vs. FRKMX - Performance Comparison
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FIHFX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | -1.09% | 17.32% | 11.22% | 17.25% | -17.49% | 13.73% | 15.54% | 8.15% |
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, FIHFX achieves a -1.09% return, which is significantly lower than FRKMX's 0.27% return.
FIHFX
- 1D
- 1.93%
- 1M
- -4.36%
- YTD
- -1.09%
- 6M
- 0.97%
- 1Y
- 15.05%
- 3Y*
- 12.49%
- 5Y*
- 6.36%
- 10Y*
- 9.56%
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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FIHFX vs. FRKMX - Expense Ratio Comparison
FIHFX has a 0.12% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
FIHFX vs. FRKMX — Risk / Return Rank
FIHFX
FRKMX
FIHFX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) 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.
| FIHFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.72 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.41 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.35 | -0.49 |
Martin ratioReturn relative to average drawdown | 8.38 | 9.34 | -0.96 |
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
| FIHFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.72 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.49 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.71 | -0.04 |
Correlation
The correlation between FIHFX and FRKMX is 0.78, 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
FIHFX vs. FRKMX - Dividend Comparison
FIHFX's dividend yield for the trailing twelve months is around 2.80%, less than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIHFX Fidelity Freedom Index 2035 Fund Investor Class | 2.80% | 2.77% | 2.50% | 2.10% | 2.14% | 1.93% | 2.15% | 16.14% | 2.21% | 1.81% | 1.95% | 2.03% |
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
FIHFX vs. FRKMX - Drawdown Comparison
The maximum FIHFX drawdown since its inception was -28.42%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FIHFX and FRKMX.
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Drawdown Indicators
| FIHFX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -16.04% | -12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -3.42% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.84% | -16.04% | -8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | — | — |
Current DrawdownCurrent decline from peak | -5.12% | -2.44% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -3.64% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.86% | +1.00% |
Volatility
FIHFX vs. FRKMX - Volatility Comparison
Fidelity Freedom Index 2035 Fund Investor Class (FIHFX) has a higher volatility of 4.47% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that FIHFX'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
| FIHFX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 2.14% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.79% | 2.95% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 4.63% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.90% | 5.23% | +6.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.36% | 5.14% | +8.22% |