FPIFX vs. FRAMX
Compare and contrast key facts about Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FPIFX is managed by Fidelity. It was launched on Oct 2, 2009. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FPIFX vs. FRAMX - Performance Comparison
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FPIFX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | -1.78% | 13.34% | 7.68% | 12.73% | -15.94% | 8.42% | 12.72% | 18.11% | -3.85% | 13.90% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, FPIFX achieves a -1.78% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, FPIFX has outperformed FRAMX with an annualized return of 6.58%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
FPIFX
- 1D
- 0.24%
- 1M
- -4.82%
- YTD
- -1.78%
- 6M
- -0.00%
- 1Y
- 9.87%
- 3Y*
- 8.66%
- 5Y*
- 4.04%
- 10Y*
- 6.58%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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FPIFX vs. FRAMX - Expense Ratio Comparison
FPIFX has a 0.12% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FPIFX vs. FRAMX — Risk / Return Rank
FPIFX
FRAMX
FPIFX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) 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.
| FPIFX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 1.50 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.09 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.00 | -0.34 |
Martin ratioReturn relative to average drawdown | 7.24 | 8.06 | -0.82 |
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
| FPIFX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.50 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.41 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.82 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.49 | +0.25 |
Correlation
The correlation between FPIFX and FRAMX is 0.92, 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
FPIFX vs. FRAMX - Dividend Comparison
FPIFX's dividend yield for the trailing twelve months is around 6.06%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIFX Fidelity Freedom Index 2020 Fund Investor Class | 6.06% | 5.95% | 5.83% | 2.42% | 2.95% | 2.67% | 2.54% | 17.42% | 2.50% | 1.85% | 1.83% | 1.91% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FPIFX vs. FRAMX - Drawdown Comparison
The maximum FPIFX drawdown since its inception was -21.59%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FPIFX and FRAMX.
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Drawdown Indicators
| FPIFX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -33.94% | +12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -3.45% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -16.31% | -5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -21.59% | -16.31% | -5.28% |
Current DrawdownCurrent decline from peak | -4.88% | -3.20% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -3.87% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.86% | +0.46% |
Volatility
FPIFX vs. FRAMX - Volatility Comparison
Fidelity Freedom Index 2020 Fund Investor Class (FPIFX) has a higher volatility of 2.82% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that FPIFX'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.
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Volatility by Period
| FPIFX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 1.96% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 2.86% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.79% | 4.59% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 5.21% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.79% | 4.47% | +4.32% |