FQIFX vs. FOCIX

Last updated Jun 3, 2026

FQIFX (Fidelity Freedom Index 2025 Fund Investor Class) and FOCIX (Fairholme Focused Income Fund) are both mutual funds - FQIFX is a Target Retirement Date fund managed by Fidelity, while FOCIX is a High Yield Bonds fund managed by Fairholme. Over the past 10 years, FQIFX returned 7.97%/yr vs 7.00%/yr for FOCIX. At a 0.42 correlation, their price movements are largely independent. FQIFX charges 0.12%/yr vs 1.00%/yr for FOCIX.

Performance

FQIFX vs. FOCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) and Fairholme Focused Income Fund (FOCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FQIFX achieves a 6.93% return, which is significantly higher than FOCIX's 6.37% return. Over the past 10 years, FQIFX has outperformed FOCIX with an annualized return of 7.97%, while FOCIX has yielded a comparatively lower 7.00% annualized return.

FQIFX

• 1D: 0.14%
• 1M: 2.59%
• YTD: 6.93%
• 6M: 7.56%
• 1Y: 17.62%
• 3Y*: 12.46%
• 5Y*: 5.60%
• 10Y*: 7.97%

FOCIX

• 1D: 0.26%
• 1M: -1.03%
• YTD: 6.37%
• 6M: 6.24%
• 1Y: 10.14%
• 3Y*: 11.51%
• 5Y*: 8.44%
• 10Y*: 7.00%

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

FQIFX vs. FOCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FQIFX Fidelity Freedom Index 2025 Fund Investor Class	6.93%	14.84%	8.49%	13.88%	-16.54%	9.52%	13.56%	19.63%	-4.51%	15.15%
FOCIX Fairholme Focused Income Fund	6.37%	6.17%	14.67%	12.58%	6.00%	6.73%	0.99%	7.44%	-6.88%	-0.54%

Correlation

The correlation between FQIFX and FOCIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.42

Over the past year, the correlation between FQIFX and FOCIX has dropped to 0.11 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Return for Risk

FQIFX vs. FOCIX — Risk / Return Rank

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

FQIFX

FQIFX Risk / Return Rank: 68
FQIFX Sharpe Ratio Rank: 70
FQIFX Sortino Ratio Rank: 70
FQIFX Omega Ratio Rank: 70
FQIFX Calmar Ratio Rank: 60
FQIFX Martin Ratio Rank: 69

FOCIX

FOCIX Risk / Return Rank: 34
FOCIX Sharpe Ratio Rank: 23
FOCIX Sortino Ratio Rank: 25
FOCIX Omega Ratio Rank: 23
FOCIX Calmar Ratio Rank: 60
FOCIX Martin Ratio Rank: 41

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.

FQIFX vs. FOCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) and Fairholme Focused Income Fund (FOCIX). 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.

	FQIFX	FOCIX	Difference
Sharpe ratio Return per unit of total volatility	2.45	1.42	+1.03
Sortino ratio Return per unit of downside risk	3.50	2.12	+1.38
Omega ratio Gain probability vs. loss probability	1.47	1.26	+0.21
Calmar ratio Return relative to maximum drawdown	3.00	3.00	0.00
Martin ratio Return relative to average drawdown	13.27	8.95	+4.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FQIFX vs. FOCIX - Sharpe Ratio Comparison

The current FQIFX Sharpe Ratio is 2.45, which is higher than the FOCIX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FQIFX and FOCIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FQIFX	FOCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	1.42	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.87	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.77	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.79	-0.06

Drawdowns

FQIFX vs. FOCIX - Drawdown Comparison

The maximum FQIFX drawdown since its inception was -22.66%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for FQIFX and FOCIX.

Drawdown Indicators

	FQIFX	FOCIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.66%	-18.78%	-3.88%
Max Drawdown (1Y) Largest decline over 1 year	-5.98%	-3.33%	-2.65%
Max Drawdown (3Y) Largest decline over 3 years	-8.59%	-7.96%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-22.66%	-12.36%	-10.30%
Max Drawdown (10Y) Largest decline over 10 years	-22.66%	-18.61%	-4.05%
Current Drawdown Current decline from peak	0.00%	-2.72%	+2.72%
Average Drawdown Average peak-to-trough decline	-3.88%	-4.77%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	1.12%	+0.23%

Volatility

FQIFX vs. FOCIX - Volatility Comparison

Fidelity Freedom Index 2025 Fund Investor Class (FQIFX) and Fairholme Focused Income Fund (FOCIX) have volatilities of 2.45% and 2.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FQIFX	FOCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	2.54%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	5.96%	5.61%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	7.32%	7.39%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.55%	9.76%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.90%	9.07%	+0.83%

FQIFX vs. FOCIX - Expense Ratio Comparison

FQIFX has a 0.12% expense ratio, which is lower than FOCIX's 1.00% expense ratio.

Dividends

FQIFX vs. FOCIX - Dividend Comparison

FQIFX's dividend yield for the trailing twelve months is around 4.32%, more than FOCIX's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOCIX Fairholme Focused Income Fund	1.23%	1.31%	2.46%	2.82%	2.24%	1.12%	0.65%	2.75%	4.57%	9.83%	5.16%	5.51%
FQIFX Fidelity Freedom Index 2025 Fund Investor Class	4.32%	4.92%	3.36%	2.37%	2.64%	2.10%	2.38%	13.76%	2.31%	1.83%	1.88%	1.93%

Frequently Asked Questions

Can I hold both FQIFX and FOCIX in my portfolio?

FQIFX and FOCIX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FQIFX or FOCIX?

FOCIX has higher volatility (2.54%) compared to FQIFX (2.45%). In terms of maximum drawdown, FQIFX dropped -22.66% vs FOCIX's -18.78%.

Which has better risk-adjusted returns?

FQIFX currently has the higher Sharpe Ratio (2.45 vs 1.42), 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.