FIKFX vs. FRKMX
Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FIKFX is managed by Fidelity. It was launched on Oct 2, 2009. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FIKFX vs. FRKMX - Performance Comparison
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FIKFX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | -0.05% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 2.81% |
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, FIKFX achieves a -0.05% return, which is significantly lower than FRKMX's 0.27% return.
FIKFX
- 1D
- 0.74%
- 1M
- -1.99%
- YTD
- -0.05%
- 6M
- 1.03%
- 1Y
- 6.95%
- 3Y*
- 6.20%
- 5Y*
- 2.67%
- 10Y*
- 3.93%
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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FIKFX vs. FRKMX - Expense Ratio Comparison
FIKFX has a 0.12% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
FIKFX vs. FRKMX — Risk / Return Rank
FIKFX
FRKMX
FIKFX vs. FRKMX - 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 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.
| FIKFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 1.72 | -0.09 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.41 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.35 | -0.15 |
Martin ratioReturn relative to average drawdown | 9.11 | 9.34 | -0.23 |
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
| FIKFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.72 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.49 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.71 | +0.25 |
Correlation
The correlation between FIKFX and FRKMX is 0.96, 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
FIKFX vs. FRKMX - Dividend Comparison
FIKFX's dividend yield for the trailing twelve months is around 3.41%, more than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Income Fund Investor Class | 3.41% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
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
FIKFX vs. FRKMX - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.03%, smaller than the maximum FRKMX drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FIKFX and FRKMX.
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Drawdown Indicators
| FIKFX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -16.04% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.42% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.03% | -16.04% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -15.03% | — | — |
Current DrawdownCurrent decline from peak | -2.37% | -2.44% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -3.64% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.86% | -0.06% |
Volatility
FIKFX vs. FRKMX - Volatility Comparison
Fidelity Freedom Index Income Fund Investor Class (FIKFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX) have volatilities of 2.05% and 2.14%, 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.
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Volatility by Period
| FIKFX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 2.14% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.95% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 4.63% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 5.23% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 5.14% | -0.74% |