FIRQX vs. FHKEX

Last updated Aug 1, 2026

FIRQX (Fidelity Managed Retirement 2010 Fund) and FHKEX (Fidelity Advisor Freedom Blend 2060 Fund Class I) are both Target Retirement Date funds. Their correlation of 0.81 means they have usually moved in the same direction. FIRQX charges 0.46%/yr vs 0.49%/yr for FHKEX.

Performance

FIRQX vs. FHKEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2010 Fund (FIRQX) and Fidelity Advisor Freedom Blend 2060 Fund Class I (FHKEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIRQX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FHKEX

• 1D: 2.32%
• 1M: -1.00%
• 6M: 8.14%
• YTD: 12.05%
• 1Y: 24.32%
• 3Y*: 18.27%
• 5Y*: 10.08%
• 10Y*: —
• ALL TIME*: 11.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHKEX Fidelity Advisor Freedom Blend 2060 Fund Class I	$0.00	$0.00	$0.00

FIRQX vs. FHKEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIRQX Fidelity Managed Retirement 2010 Fund	3.60%	9.97%	4.48%	8.52%	-12.39%	3.82%	9.59%	12.62%	-3.89%
FHKEX Fidelity Advisor Freedom Blend 2060 Fund Class I	12.05%	22.58%	16.57%	20.51%	-19.11%	16.30%	17.81%	26.34%	-11.86%

Correlation

The correlation between FIRQX and FHKEX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018	0.81

The correlation between FIRQX and FHKEX has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

Return for Risk

FIRQX vs. FHKEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FIRQX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FHKEX

FHKEX Risk / Return Rank: 65
FHKEX Sharpe Ratio Rank: 61
FHKEX Sortino Ratio Rank: 59
FHKEX Omega Ratio Rank: 60
FHKEX Calmar Ratio Rank: 68
FHKEX Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FIRQX vs. FHKEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund (FIRQX) and Fidelity Advisor Freedom Blend 2060 Fund Class I (FHKEX). 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.

	FIRQX	FHKEX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.57	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.34	—
Martin ratio: Return relative to average drawdown	—	9.77	—

Drawdowns

Drawdown Indicators

	FIRQX	FHKEX	Difference
Max Drawdown Largest peak-to-trough decline	—	-31.34%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.78%	—
Current Drawdown Current decline from peak	—	-2.28%	—
Average Drawdown Average peak-to-trough decline	—	-5.83%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.31%	—

Volatility

Volatility by Period

	FIRQX	FHKEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.38%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.94%	—

FIRQX vs. FHKEX - Expense Ratio Comparison

FIRQX has a 0.46% expense ratio, which is lower than FHKEX's 0.49% expense ratio.

Dividends

FIRQX vs. FHKEX - Dividend Comparison

FIRQX's dividend yield for the trailing twelve months is around 3.17%, less than FHKEX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHKEX Fidelity Advisor Freedom Blend 2060 Fund Class I	3.27%	2.38%	5.19%	1.90%	5.97%	8.03%	4.11%	3.00%	3.43%	0.00%	0.00%	0.00%
FIRQX Fidelity Managed Retirement 2010 Fund	2.86%	3.14%	2.95%	2.75%	5.01%	6.00%	3.50%	3.15%	5.59%	16.31%	2.43%	4.08%

Frequently Asked Questions

Can I hold both FIRQX and FHKEX in my portfolio?

FIRQX and FHKEX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.