FKGLX vs. FRAMX
Compare and contrast key facts about Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FKGLX is managed by Fidelity. It was launched on Jun 6, 2017. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FKGLX vs. FRAMX - Performance Comparison
Loading graphics...
FKGLX vs. FRAMX - 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% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 3.47% |
Returns By Period
In the year-to-date period, FKGLX achieves a -0.69% return, which is significantly lower than FRAMX's 0.18% return.
FKGLX
- 1D
- 2.69%
- 1M
- -5.32%
- YTD
- -0.69%
- 6M
- 2.04%
- 1Y
- 19.29%
- 3Y*
- 16.30%
- 5Y*
- 8.41%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FKGLX vs. FRAMX - Expense Ratio Comparison
FKGLX has a 0.50% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FKGLX vs. FRAMX — Risk / Return Rank
FKGLX
FRAMX
FKGLX vs. FRAMX - 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 Managed Retirement Income Fund Class A (FRAMX). 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 | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.64 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.30 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.22 | -0.45 |
Martin ratioReturn relative to average drawdown | 7.81 | 8.81 | -1.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FKGLX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.64 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.42 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.50 | +0.16 |
Correlation
The correlation between FKGLX and FRAMX is 0.75, 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. FRAMX - Dividend Comparison
FKGLX's dividend yield for the trailing twelve months is around 7.45%, more than FRAMX's 2.88% 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% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FKGLX vs. FRAMX - Drawdown Comparison
The maximum FKGLX drawdown since its inception was -31.23%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FKGLX and FRAMX.
Loading graphics...
Drawdown Indicators
| FKGLX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.23% | -33.94% | +2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.28% | -3.45% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -16.31% | -10.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -6.36% | -2.47% | -3.89% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -3.86% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 0.87% | +1.46% |
Volatility
FKGLX vs. FRAMX - Volatility Comparison
Fidelity Advisor Freedom 2040 Fund Class Z6 (FKGLX) has a higher volatility of 5.87% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FKGLX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FKGLX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 2.14% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 2.95% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 4.64% | +9.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 5.22% | +9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 4.48% | +11.26% |