FMRFX vs. FFOPX
Compare and contrast key facts about Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX).
FMRFX is managed by Blackrock. It was launched on Aug 16, 2019. FFOPX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMRFX or FFOPX.
Key characteristics
| FMRFX | FFOPX | |
|---|---|---|
| YTD Return | 9.81% | 17.43% |
| 1Y Return | 18.20% | 29.13% |
| 3Y Return (Ann) | -0.10% | 4.55% |
| 5Y Return (Ann) | 4.69% | 10.13% |
| Sharpe Ratio | 2.56 | 2.70 |
| Sortino Ratio | 3.88 | 3.74 |
| Omega Ratio | 1.49 | 1.50 |
| Calmar Ratio | 1.12 | 2.41 |
| Martin Ratio | 16.02 | 17.70 |
| Ulcer Index | 1.14% | 1.64% |
| Daily Std Dev | 7.08% | 10.75% |
| Max Drawdown | -24.38% | -30.71% |
| Current Drawdown | -0.69% | 0.00% |
Correlation
The correlation between FMRFX and FFOPX is 0.94, 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.
Performance
FMRFX vs. FFOPX - Performance Comparison
In the year-to-date period, FMRFX achieves a 9.81% return, which is significantly lower than FFOPX's 17.43% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMRFX vs. FFOPX - Expense Ratio Comparison
FMRFX has a 0.28% expense ratio, which is higher than FFOPX's 0.08% expense ratio.
Risk-Adjusted Performance
FMRFX vs. FFOPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) and Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX). 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.
Dividends
FMRFX vs. FFOPX - Dividend Comparison
FMRFX's dividend yield for the trailing twelve months is around 2.60%, more than FFOPX's 1.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMRFX Fidelity Managed Retirement 2030 Fund Class K6 | 2.60% | 2.53% | 3.18% | 2.44% | 1.17% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% |
FFOPX Fidelity Freedom Index 2050 Fund Institutional Premium Class | 1.71% | 1.98% | 2.01% | 1.62% | 1.41% | 1.81% | 2.24% | 1.76% | 2.09% | 2.01% |
Drawdowns
FMRFX vs. FFOPX - Drawdown Comparison
The maximum FMRFX drawdown since its inception was -24.38%, smaller than the maximum FFOPX drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for FMRFX and FFOPX. For additional features, visit the drawdowns tool.
Volatility
FMRFX vs. FFOPX - Volatility Comparison
The current volatility for Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) is 1.85%, while Fidelity Freedom Index 2050 Fund Institutional Premium Class (FFOPX) has a volatility of 2.92%. This indicates that FMRFX experiences smaller price fluctuations and is considered to be less risky than FFOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.