FKGLX vs. FIAFX
FKGLX (Fidelity Advisor Freedom 2040 Fund Class Z6) and FIAFX (Fidelity Advisor Freedom Income Fund Class I) are both Target Retirement Date funds from Fidelity. Over the past 5 years, FKGLX returned 9.56%/yr vs 2.70%/yr for FIAFX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FKGLX charges 0.50%/yr vs 0.47%/yr for FIAFX.
Performance
FKGLX vs. FIAFX - Performance Comparison
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Returns By Period
In the year-to-date period, FKGLX achieves a 11.15% return, which is significantly higher than FIAFX's 4.10% return.
FKGLX
- 1D
- 1.12%
- 1M
- 0.40%
- 6M
- 7.33%
- YTD
- 11.15%
- 1Y
- 20.05%
- 3Y*
- 18.59%
- 5Y*
- 9.56%
- 10Y*
- —
- ALL TIME*
- 11.28%
FIAFX
- 1D
- 0.54%
- 1M
- -0.18%
- 6M
- 2.67%
- YTD
- 4.10%
- 1Y
- 7.54%
- 3Y*
- 7.53%
- 5Y*
- 2.70%
- 10Y*
- 4.14%
- ALL TIME*
- 3.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FKGLX vs. FIAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKGLX Fidelity Advisor Freedom 2040 Fund Class Z6 | 11.15% | 21.77% | 16.27% | 19.02% | -17.89% | 16.35% | 17.80% | 27.00% | -8.05% | 7.80% |
FIAFX Fidelity Advisor Freedom Income Fund Class I | 4.10% | 10.07% | 4.29% | 8.05% | -11.40% | 3.13% | 8.79% | 11.10% | -1.80% | 2.51% |
Correlation
The correlation between FKGLX and FIAFX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.75 |
The correlation between FKGLX and FIAFX shifts across timeframes, from 0.75 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FKGLX vs. FIAFX — Risk / Return Rank
FKGLX
FIAFX
FKGLX vs. FIAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) and Fidelity Advisor Freedom Income Fund Class I (FIAFX). 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.
| FKGLX | FIAFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.11 | +0.34 |
| Martin ratioReturn relative to average drawdown | 10.06 | 8.45 | +1.61 |
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Drawdowns
FKGLX vs. FIAFX - Drawdown Comparison
The maximum FKGLX drawdown since its inception was -31.23%, which is greater than FIAFX's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for FKGLX and FIAFX.
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Drawdown Indicators
| FKGLX | FIAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.23% | -18.94% | -12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -3.78% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.78% | -4.06% | -9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -15.92% | -11.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.92% | — |
Current DrawdownCurrent decline from peak | -0.75% | -0.71% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -2.09% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.94% | +1.20% |
Volatility
FKGLX vs. FIAFX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) has a higher volatility of 4.01% compared to Fidelity Advisor Freedom Income Fund Class I (FIAFX) at 1.75%. This indicates that FKGLX's price experiences larger fluctuations and is considered to be riskier than FIAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FKGLX | FIAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 1.75% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.95% | 4.64% | +6.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 5.22% | +7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 5.50% | +9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 4.70% | +11.01% |
FKGLX vs. FIAFX - Expense Ratio Comparison
FKGLX has a 0.50% expense ratio, which is higher than FIAFX's 0.47% expense ratio.
Dividends
FKGLX vs. FIAFX - Dividend Comparison
FKGLX's dividend yield for the trailing twelve months is around 7.97%, more than FIAFX's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIAFX Fidelity Advisor Freedom Income Fund Class I | 2.52% | 3.14% | 3.03% | 2.88% | 5.95% | 5.27% | 3.82% | 3.77% | 5.61% | 3.31% | 3.09% | 3.04% |
FKGLX Fidelity Advisor Freedom 2040 Fund Class Z6 | 7.97% | 7.40% | 5.77% | 1.58% | 11.37% | 10.16% | 6.18% | 7.47% | 12.35% | 2.66% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, FKGLX and FIAFX 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.
FKGLX has higher volatility (4.01%) compared to FIAFX (1.75%). In terms of maximum drawdown, FKGLX dropped -31.23% vs FIAFX's -18.94%.
FKGLX currently has the higher Sharpe Ratio (1.70 vs 1.53), 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.
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