FJAEX vs. FIRQX

Last updated Jun 4, 2026

FJAEX (Fidelity Advisor Freedom Blend 2025 Fund Class C) and FIRQX (Fidelity Managed Retirement 2010 Fund) are both Target Retirement Date funds. Over the past 5 years, FJAEX returned 4.60%/yr vs 2.92%/yr for FIRQX. Their correlation of 0.91 suggests significant overlap in exposure. FJAEX charges 1.45%/yr vs 0.46%/yr for FIRQX.

Performance

FJAEX vs. FIRQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Freedom Blend 2025 Fund Class C (FJAEX) and Fidelity Managed Retirement 2010 Fund (FIRQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJAEX achieves a 7.76% return, which is significantly higher than FIRQX's 4.06% return.

FJAEX

• 1D: 0.47%
• 1M: 3.16%
• YTD: 7.76%
• 6M: 8.30%
• 1Y: 18.26%
• 3Y*: 11.87%
• 5Y*: 4.60%
• 10Y*: —

FIRQX

• 1D: 0.21%
• 1M: 1.55%
• YTD: 4.06%
• 6M: 4.29%
• 1Y: 10.43%
• 3Y*: 7.72%
• 5Y*: 2.92%
• 10Y*: 4.98%

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

FJAEX vs. FIRQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FJAEX Fidelity Advisor Freedom Blend 2025 Fund Class C	7.76%	14.66%	6.87%	12.88%	-18.09%	8.66%	13.03%	18.83%	-8.06%
FIRQX Fidelity Managed Retirement 2010 Fund	4.06%	9.97%	4.48%	8.52%	-12.39%	3.82%	9.59%	12.62%	-3.88%

Correlation

The correlation between FJAEX and FIRQX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.91

The correlation between FJAEX and FIRQX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

FJAEX vs. FIRQX — Risk / Return Rank

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

FJAEX

FJAEX Risk / Return Rank: 62
FJAEX Sharpe Ratio Rank: 61
FJAEX Sortino Ratio Rank: 61
FJAEX Omega Ratio Rank: 64
FJAEX Calmar Ratio Rank: 58
FJAEX Martin Ratio Rank: 64

FIRQX

FIRQX Risk / Return Rank: 72
FIRQX Sharpe Ratio Rank: 75
FIRQX Sortino Ratio Rank: 77
FIRQX Omega Ratio Rank: 77
FIRQX Calmar Ratio Rank: 63
FIRQX Martin Ratio Rank: 67

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.

FJAEX vs. FIRQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Blend 2025 Fund Class C (FJAEX) and Fidelity Managed Retirement 2010 Fund (FIRQX). 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.

	FJAEX	FIRQX	Difference
Sharpe ratio Return per unit of total volatility	2.31	2.53	-0.22
Sortino ratio Return per unit of downside risk	3.28	3.72	-0.44
Omega ratio Gain probability vs. loss probability	1.45	1.51	-0.06
Calmar ratio Return relative to maximum drawdown	2.91	3.05	-0.14
Martin ratio Return relative to average drawdown	12.52	13.02	-0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJAEX vs. FIRQX - Sharpe Ratio Comparison

The current FJAEX Sharpe Ratio is 2.31, which is comparable to the FIRQX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FJAEX and FIRQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FJAEX	FIRQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.53	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.53	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.54	+0.07

Drawdowns

FJAEX vs. FIRQX - Drawdown Comparison

The maximum FJAEX drawdown since its inception was -24.67%, smaller than the maximum FIRQX drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for FJAEX and FIRQX.

Drawdown Indicators

	FJAEX	FIRQX	Difference
Max Drawdown Largest peak-to-trough decline	-24.67%	-38.01%	+13.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.33%	-3.45%	-2.88%
Max Drawdown (3Y) Largest decline over 3 years	-9.13%	-5.19%	-3.94%
Max Drawdown (5Y) Largest decline over 5 years	-24.67%	-17.04%	-7.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.04%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.60%	-4.44%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	0.81%	+0.66%

Volatility

FJAEX vs. FIRQX - Volatility Comparison

Fidelity Advisor Freedom Blend 2025 Fund Class C (FJAEX) has a higher volatility of 2.94% compared to Fidelity Managed Retirement 2010 Fund (FIRQX) at 1.67%. This indicates that FJAEX's price experiences larger fluctuations and is considered to be riskier than FIRQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJAEX	FIRQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	1.67%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	3.43%	+3.18%
Volatility (1Y) Calculated over the trailing 1-year period	7.99%	4.16%	+3.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.02%	5.57%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.92%	5.33%	+5.59%

FJAEX vs. FIRQX - Expense Ratio Comparison

FJAEX has a 1.45% expense ratio, which is higher than FIRQX's 0.46% expense ratio.

Dividends

FJAEX vs. FIRQX - Dividend Comparison

FJAEX's dividend yield for the trailing twelve months is around 2.40%, less than FIRQX's 3.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRQX Fidelity Managed Retirement 2010 Fund	3.11%	3.14%	2.95%	2.75%	5.01%	6.00%	3.50%	3.15%	5.59%	16.31%	2.43%	4.08%
FJAEX Fidelity Advisor Freedom Blend 2025 Fund Class C	2.40%	1.59%	1.39%	1.56%	4.79%	5.99%	3.53%	2.49%	1.81%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FJAEX and FIRQX in my portfolio?

With a correlation of 0.93, FJAEX and FIRQX 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, FJAEX or FIRQX?

FJAEX has higher volatility (2.94%) compared to FIRQX (1.67%). In terms of maximum drawdown, FJAEX dropped -24.67% vs FIRQX's -38.01%.

Which has better risk-adjusted returns?

FIRQX currently has the higher Sharpe Ratio (2.53 vs 2.31), 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.