FIKFX vs. FKIFX

Last updated Jun 21, 2026

FIKFX (Fidelity Freedom Index Income Fund Investor Class) and FKIFX (Fidelity Freedom Index 2010 Fund Investor Class) are both Target Retirement Date funds from Fidelity. Over the past 10 years, FIKFX returned 4.23%/yr vs 5.40%/yr for FKIFX. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.

Performance

FIKFX vs. FKIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Freedom Index 2010 Fund Investor Class (FKIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKFX achieves a 3.97% return, which is significantly lower than FKIFX's 4.34% return. Over the past 10 years, FIKFX has underperformed FKIFX with an annualized return of 4.23%, while FKIFX has yielded a comparatively higher 5.40% annualized return.

FIKFX

• 1D: 0.47%
• 1M: 0.89%
• YTD: 3.97%
• 6M: 4.11%
• 1Y: 9.61%
• 3Y*: 7.33%
• 5Y*: 3.14%
• 10Y*: 4.23%

FKIFX

• 1D: 0.50%
• 1M: 1.08%
• YTD: 4.34%
• 6M: 4.49%
• 1Y: 10.74%
• 3Y*: 8.13%
• 5Y*: 3.58%
• 10Y*: 5.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIKFX vs. FKIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIKFX Fidelity Freedom Index Income Fund Investor Class	3.97%	9.23%	4.96%	8.28%	-11.09%	2.79%	8.54%	10.59%	-0.76%	6.66%
FKIFX Fidelity Freedom Index 2010 Fund Investor Class	4.34%	10.21%	5.70%	9.83%	-12.94%	5.05%	10.41%	14.33%	-2.62%	9.81%

Correlation

The correlation between FIKFX and FKIFX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 5, 2009	0.92

The correlation between FIKFX and FKIFX has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.

Return for Risk

FIKFX vs. FKIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIKFX

FIKFX Risk / Return Rank: 74
FIKFX Sharpe Ratio Rank: 74
FIKFX Sortino Ratio Rank: 77
FIKFX Omega Ratio Rank: 78
FIKFX Calmar Ratio Rank: 67
FIKFX Martin Ratio Rank: 74

FKIFX

FKIFX Risk / Return Rank: 74
FKIFX Sharpe Ratio Rank: 76
FKIFX Sortino Ratio Rank: 76
FKIFX Omega Ratio Rank: 78
FKIFX Calmar Ratio Rank: 67
FKIFX Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIKFX vs. FKIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Freedom Index 2010 Fund Investor Class (FKIFX). 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.

	FIKFX	FKIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.28	-0.04
Sortino ratio: Return per unit of downside risk	3.27	3.28	-0.01
Omega ratio: Gain probability vs. loss probability	1.45	1.46	0.00
Calmar ratio: Return relative to maximum drawdown	2.90	2.93	-0.03
Martin ratio: Return relative to average drawdown	12.61	12.82	-0.21

FIKFX vs. FKIFX - Sharpe Ratio Comparison

The current FIKFX Sharpe Ratio is 2.25, which is comparable to the FKIFX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FIKFX and FKIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIKFX vs. FKIFX - Drawdown Comparison

The maximum FIKFX drawdown since its inception was -15.03%, smaller than the maximum FKIFX drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for FIKFX and FKIFX.

Drawdown Indicators

	FIKFX	FKIFX	Difference
Max Drawdown Largest peak-to-trough decline	-15.03%	-17.50%	+2.47%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-3.68%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-4.76%	-5.72%	+0.96%
Max Drawdown (5Y) Largest decline over 5 years	-15.03%	-17.50%	+2.47%
Max Drawdown (10Y) Largest decline over 10 years	-15.03%	-17.50%	+2.47%
Current Drawdown Current decline from peak	-0.21%	-0.21%	0.00%
Average Drawdown Average peak-to-trough decline	-1.72%	-2.46%	+0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	0.84%	-0.08%

Volatility

FIKFX vs. FKIFX - Volatility Comparison

Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Freedom Index 2010 Fund Investor Class (FKIFX) have volatilities of 1.94% and 2.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKFX	FKIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	2.04%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	3.69%	4.01%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	4.29%	4.73%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.17%	6.17%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.47%	6.15%	-1.68%

FIKFX vs. FKIFX - Expense Ratio Comparison

Both FIKFX and FKIFX have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FIKFX vs. FKIFX - Dividend Comparison

FIKFX's dividend yield for the trailing twelve months is around 3.20%, less than FKIFX's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIKFX Fidelity Freedom Index Income Fund Investor Class	3.20%	3.40%	3.13%	2.85%	3.06%	2.04%	2.18%	7.27%	2.94%	1.89%	1.65%	1.39%
FKIFX Fidelity Freedom Index 2010 Fund Investor Class	3.75%	4.53%	4.99%	3.28%	3.71%	3.61%	2.56%	16.42%	4.74%	1.84%	1.84%	1.78%

Frequently Asked Questions

Can I hold both FIKFX and FKIFX in my portfolio?

With a correlation of 0.98, FIKFX and FKIFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FIKFX or FKIFX?

FKIFX has higher volatility (2.04%) compared to FIKFX (1.94%). In terms of maximum drawdown, FIKFX dropped -15.03% vs FKIFX's -17.50%.

Which has better risk-adjusted returns?

FKIFX currently has the higher Sharpe Ratio (2.28 vs 2.25), 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.