FKGLX vs. FIAFX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) and Fidelity Advisor Freedom Income Fund Class I (FIAFX).
FKGLX is managed by Fidelity. It was launched on Jun 6, 2017. FIAFX is managed by Fidelity. It was launched on Jul 24, 2003.
Performance
FKGLX vs. FIAFX - Performance Comparison
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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 | -0.69% | 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 | 0.29% | 10.07% | 4.29% | 8.05% | -11.40% | 3.13% | 8.79% | 11.10% | -1.80% | 2.79% |
Returns By Period
In the year-to-date period, FKGLX achieves a -0.69% return, which is significantly lower than FIAFX's 0.29% return.
FKGLX
- 1D
- 2.69%
- 1M
- -5.32%
- YTD
- -0.69%
- 6M
- 2.04%
- 1Y
- 19.29%
- 3Y*
- 16.30%
- 5Y*
- 8.41%
- 10Y*
- —
FIAFX
- 1D
- 0.94%
- 1M
- -2.25%
- YTD
- 0.29%
- 6M
- 1.40%
- 1Y
- 7.67%
- 3Y*
- 6.30%
- 5Y*
- 2.57%
- 10Y*
- 4.11%
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FKGLX vs. FIAFX - Expense Ratio Comparison
FKGLX has a 0.50% expense ratio, which is higher than FIAFX's 0.47% expense ratio.
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.
| FKGLX | FIAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.66 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.34 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.14 | -0.37 |
Martin ratioReturn relative to average drawdown | 7.81 | 8.93 | -1.11 |
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
| FKGLX | FIAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.66 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.49 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.82 | -0.16 |
Correlation
The correlation between FKGLX and FIAFX is 0.74, 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
FKGLX vs. FIAFX - Dividend Comparison
FKGLX's dividend yield for the trailing twelve months is around 7.45%, more than FIAFX's 3.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKGLX Fidelity Advisor Freedom 2040 Fund Class Z6 | 7.45% | 7.40% | 5.77% | 1.58% | 11.37% | 10.16% | 6.18% | 7.47% | 12.35% | 2.66% | 0.00% | 0.00% |
FIAFX Fidelity Advisor Freedom Income Fund Class I | 3.21% | 3.14% | 3.03% | 2.88% | 5.95% | 5.27% | 3.82% | 3.77% | 5.61% | 3.31% | 3.09% | 3.04% |
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 | -10.28% | -3.78% | -6.50% |
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 | -6.36% | -2.69% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -2.11% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 0.91% | +1.42% |
Volatility
FKGLX vs. FIAFX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) has a higher volatility of 5.87% compared to Fidelity Advisor Freedom Income Fund Class I (FIAFX) at 2.38%. 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 | 5.87% | 2.38% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 3.23% | +5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 4.83% | +9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 5.27% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 4.59% | +11.15% |