FMRAX vs. FFGZX
Compare and contrast key facts about Fidelity Managed Retirement 2030 (FMRAX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX).
FMRAX is managed by BlackRock. It was launched on Aug 16, 2019. FFGZX is managed by Fidelity. It was launched on Oct 2, 2009.
Performance
FMRAX vs. FFGZX - Performance Comparison
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FMRAX vs. FFGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | -0.17% | 14.35% | 7.19% | 12.51% | -16.27% | 8.90% | 13.83% | 7.61% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 0.03% | 9.13% | 5.02% | 8.32% | -11.07% | 2.85% | 8.59% | 2.06% |
Returns By Period
In the year-to-date period, FMRAX achieves a -0.17% return, which is significantly lower than FFGZX's 0.03% return.
FMRAX
- 1D
- 1.55%
- 1M
- -3.55%
- YTD
- -0.17%
- 6M
- 1.54%
- 1Y
- 12.10%
- 3Y*
- 9.38%
- 5Y*
- 4.09%
- 10Y*
- —
FFGZX
- 1D
- 0.82%
- 1M
- -1.91%
- YTD
- 0.03%
- 6M
- 1.12%
- 1Y
- 7.06%
- 3Y*
- 6.23%
- 5Y*
- 2.69%
- 10Y*
- 3.95%
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FMRAX vs. FFGZX - Expense Ratio Comparison
FMRAX has a 0.48% expense ratio, which is higher than FFGZX's 0.08% expense ratio.
Return for Risk
FMRAX vs. FFGZX — Risk / Return Rank
FMRAX
FFGZX
FMRAX vs. FFGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 (FMRAX) and Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX). 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.
| FMRAX | FFGZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.65 | -0.19 |
Sortino ratioReturn per unit of downside risk | 2.07 | 2.33 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.23 | -0.23 |
Martin ratioReturn relative to average drawdown | 8.49 | 9.26 | -0.77 |
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
| FMRAX | FFGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.65 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.54 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.86 | -0.18 |
Correlation
The correlation between FMRAX and FFGZX is 0.84, 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
FMRAX vs. FFGZX - Dividend Comparison
FMRAX's dividend yield for the trailing twelve months is around 2.60%, less than FFGZX's 3.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | 2.60% | 2.57% | 2.50% | 2.39% | 4.02% | 4.74% | 3.01% | 1.60% | 0.00% | 0.00% | 0.00% | 0.00% |
FFGZX Fidelity Freedom Index Income Fund Institutional Premium Class | 3.43% | 3.30% | 3.18% | 2.88% | 3.11% | 2.10% | 2.22% | 7.35% | 3.00% | 1.95% | 1.56% | 1.06% |
Drawdowns
FMRAX vs. FFGZX - Drawdown Comparison
The maximum FMRAX drawdown since its inception was -22.45%, which is greater than FFGZX's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for FMRAX and FFGZX.
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Drawdown Indicators
| FMRAX | FFGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.45% | -14.94% | -7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -3.33% | -2.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | -14.94% | -7.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.94% | — |
Current DrawdownCurrent decline from peak | -4.07% | -2.30% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -2.29% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.80% | +0.68% |
Volatility
FMRAX vs. FFGZX - Volatility Comparison
Fidelity Managed Retirement 2030 (FMRAX) has a higher volatility of 3.69% compared to Fidelity Freedom Index Income Fund Institutional Premium Class (FFGZX) at 2.06%. This indicates that FMRAX's price experiences larger fluctuations and is considered to be riskier than FFGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMRAX | FFGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 2.06% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.32% | 2.89% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 4.42% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 5.04% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.05% | 4.39% | +5.66% |