FOTKX vs. FIRFX

Last updated Jun 23, 2026

FOTKX (Fidelity Freedom 2010 Fund Class K6) and FIRFX (Fidelity Advisor Managed Retirement 2025 Fund Class I) are both Target Retirement Date funds. Over the past 5 years, FOTKX returned 3.97%/yr vs 4.19%/yr for FIRFX. With a 0.97 correlation, they move nearly in lockstep. FOTKX charges 0.38%/yr vs 0.48%/yr for FIRFX.

Performance

FOTKX vs. FIRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom 2010 Fund Class K6 (FOTKX) and Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOTKX achieves a 5.64% return, which is significantly higher than FIRFX's 4.52% return.

FOTKX

• 1D: 0.66%
• 1M: 1.46%
• YTD: 5.64%
• 6M: 5.74%
• 1Y: 12.62%
• 3Y*: 9.04%
• 5Y*: 3.97%
• 10Y*: —

FIRFX

• 1D: 0.00%
• 1M: -0.38%
• YTD: 4.52%
• 6M: 4.60%
• 1Y: 13.00%
• 3Y*: 9.66%
• 5Y*: 4.19%
• 10Y*: 6.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FOTKX vs. FIRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOTKX Fidelity Freedom 2010 Fund Class K6	5.64%	11.66%	5.55%	9.97%	-13.05%	5.68%	11.29%	14.46%	-3.65%	5.22%
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I	4.52%	13.43%	6.55%	11.83%	-15.66%	8.02%	13.09%	17.53%	-5.07%	6.28%

Correlation

The correlation between FOTKX and FIRFX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.97

The correlation between FOTKX and FIRFX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

FOTKX vs. FIRFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FOTKX

FOTKX Risk / Return Rank: 78
FOTKX Sharpe Ratio Rank: 79
FOTKX Sortino Ratio Rank: 79
FOTKX Omega Ratio Rank: 81
FOTKX Calmar Ratio Rank: 73
FOTKX Martin Ratio Rank: 78

FIRFX

FIRFX Risk / Return Rank: 54
FIRFX Sharpe Ratio Rank: 53
FIRFX Sortino Ratio Rank: 53
FIRFX Omega Ratio Rank: 61
FIRFX Calmar Ratio Rank: 48
FIRFX Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FOTKX vs. FIRFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2010 Fund Class K6 (FOTKX) and Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX). 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.

	FOTKX	FIRFX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	1.98	+0.40
Sortino ratio: Return per unit of downside risk	3.42	2.81	+0.61
Omega ratio: Gain probability vs. loss probability	1.49	1.40	+0.09
Calmar ratio: Return relative to maximum drawdown	3.16	2.53	+0.63
Martin ratio: Return relative to average drawdown	13.63	10.52	+3.11

FOTKX vs. FIRFX - Sharpe Ratio Comparison

The current FOTKX Sharpe Ratio is 2.38, which is comparable to the FIRFX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of FOTKX and FIRFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FOTKX vs. FIRFX - Drawdown Comparison

The maximum FOTKX drawdown since its inception was -18.29%, smaller than the maximum FIRFX drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for FOTKX and FIRFX.

Drawdown Indicators

	FOTKX	FIRFX	Difference
Max Drawdown Largest peak-to-trough decline	-18.29%	-41.29%	+23.00%
Max Drawdown (1Y) Largest decline over 1 year	-4.03%	-5.11%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	-5.71%	-7.25%	+1.54%
Max Drawdown (5Y) Largest decline over 5 years	-18.29%	-21.56%	+3.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.56%	—
Current Drawdown Current decline from peak	0.00%	-1.85%	+1.85%
Average Drawdown Average peak-to-trough decline	-3.54%	-5.20%	+1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	1.23%	-0.30%

Volatility

FOTKX vs. FIRFX - Volatility Comparison

Fidelity Freedom 2010 Fund Class K6 (FOTKX) has a higher volatility of 2.44% compared to Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX) at 2.18%. This indicates that FOTKX's price experiences larger fluctuations and is considered to be riskier than FIRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOTKX	FIRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	2.18%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	4.62%	5.48%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	5.34%	6.52%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.44%	8.21%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.44%	8.37%	-1.93%

FOTKX vs. FIRFX - Expense Ratio Comparison

FOTKX has a 0.38% expense ratio, which is lower than FIRFX's 0.48% expense ratio.

Dividends

FOTKX vs. FIRFX - Dividend Comparison

FOTKX's dividend yield for the trailing twelve months is around 4.90%, more than FIRFX's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I	3.66%	2.66%	2.56%	2.43%	4.63%	5.08%	3.57%	3.80%	7.10%	24.68%	2.44%	4.49%
FOTKX Fidelity Freedom 2010 Fund Class K6	4.90%	5.25%	3.32%	2.98%	7.41%	9.53%	6.17%	6.00%	7.24%	3.57%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FOTKX and FIRFX in my portfolio?

With a correlation of 0.94, FOTKX and FIRFX 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.

Which is riskier, FOTKX or FIRFX?

FOTKX has higher volatility (2.44%) compared to FIRFX (2.18%). In terms of maximum drawdown, FOTKX dropped -18.29% vs FIRFX's -41.29%.

Which has better risk-adjusted returns?

FOTKX currently has the higher Sharpe Ratio (2.38 vs 1.98), 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.