FIRMX vs. FFFYX
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and Fidelity Advisor Freedom 2050 Fund Class C (FFFYX).
FIRMX is managed by BlackRock. It was launched on Aug 30, 2007. FFFYX is managed by Fidelity. It was launched on Jun 1, 2006.
Performance
FIRMX vs. FFFYX - Performance Comparison
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FIRMX vs. FFFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | -0.50% | 9.95% | 4.29% | 8.07% | -11.66% | 2.77% | 8.57% | 10.57% | -1.80% | 7.08% |
FFFYX Fidelity Advisor Freedom 2050 Fund Class C | -4.13% | 27.84% | 12.53% | 18.08% | -18.94% | 14.82% | 16.41% | 25.42% | -9.22% | 20.44% |
Returns By Period
In the year-to-date period, FIRMX achieves a -0.50% return, which is significantly higher than FFFYX's -4.13% return. Over the past 10 years, FIRMX has underperformed FFFYX with an annualized return of 3.92%, while FFFYX has yielded a comparatively higher 10.07% annualized return.
FIRMX
- 1D
- 0.27%
- 1M
- -3.18%
- YTD
- -0.50%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.41%
- 10Y*
- 3.92%
FFFYX
- 1D
- -0.28%
- 1M
- -9.29%
- YTD
- -4.13%
- 6M
- -1.26%
- 1Y
- 22.18%
- 3Y*
- 15.32%
- 5Y*
- 7.63%
- 10Y*
- 10.07%
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FIRMX vs. FFFYX - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is lower than FFFYX's 1.75% expense ratio.
Return for Risk
FIRMX vs. FFFYX — Risk / Return Rank
FIRMX
FFFYX
FIRMX vs. FFFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and Fidelity Advisor Freedom 2050 Fund Class C (FFFYX). 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.
| FIRMX | FFFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.33 | +0.23 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.95 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.82 | +0.26 |
Martin ratioReturn relative to average drawdown | 8.41 | 7.97 | +0.44 |
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
| FIRMX | FFFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.33 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.51 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.65 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.37 | +0.15 |
Correlation
The correlation between FIRMX and FFFYX is 0.87, 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
FIRMX vs. FFFYX - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 3.16%, less than FFFYX's 10.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 3.16% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
FFFYX Fidelity Advisor Freedom 2050 Fund Class C | 10.10% | 9.68% | 0.92% | 0.80% | 10.23% | 9.02% | 4.86% | 6.25% | 10.95% | 3.72% | 3.98% | 2.96% |
Drawdowns
FIRMX vs. FFFYX - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.73%, smaller than the maximum FFFYX drawdown of -58.62%. Use the drawdown chart below to compare losses from any high point for FIRMX and FFFYX.
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Drawdown Indicators
| FIRMX | FFFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -58.62% | +24.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -11.10% | +7.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -27.99% | +11.88% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -31.38% | +15.27% |
Current DrawdownCurrent decline from peak | -3.18% | -9.87% | +6.69% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -9.82% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.54% | -1.69% |
Volatility
FIRMX vs. FFFYX - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.96%, while Fidelity Advisor Freedom 2050 Fund Class C (FFFYX) has a volatility of 5.60%. This indicates that FIRMX experiences smaller price fluctuations and is considered to be less risky than FFFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRMX | FFFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 5.60% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 9.48% | -6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 16.65% | -12.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 14.97% | -9.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 15.48% | -11.01% |