FQLSX vs. FRHMX

Last updated Jul 15, 2026

FQLSX (Fidelity Flex Freedom Blend 2055 Fund) and FRHMX (Fidelity Managed Retirement Income Fund Class K6) are both Target Retirement Date funds. A 0.74 correlation means they provide meaningful diversification when combined. FQLSX charges 0.00%/yr vs 0.25%/yr for FRHMX.

Performance

FQLSX vs. FRHMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Freedom Blend 2055 Fund (FQLSX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FQLSX

• 1D: -1.35%
• 1M: -0.12%
• 6M: 9.30%
• YTD: 12.53%
• 1Y: 24.17%
• 3Y*: 19.71%
• 5Y*: 10.78%
• 10Y*: —

FRHMX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FQLSX vs. FRHMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FQLSX Fidelity Flex Freedom Blend 2055 Fund	12.53%	22.80%	18.08%	21.04%	-18.58%	16.89%	18.43%	8.99%
FRHMX Fidelity Managed Retirement Income Fund Class K6	1,464,383.96%	10.02%	4.50%	8.28%	-11.48%	2.98%	8.79%	3.17%

Correlation

The correlation between FQLSX and FRHMX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.74

The correlation between FQLSX and FRHMX has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

Return for Risk

FQLSX vs. FRHMX — Risk / Return Rank

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

FQLSX

FQLSX Risk / Return Rank: 69
FQLSX Sharpe Ratio Rank: 66
FQLSX Sortino Ratio Rank: 62
FQLSX Omega Ratio Rank: 65
FQLSX Calmar Ratio Rank: 72
FQLSX Martin Ratio Rank: 79

FRHMX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FQLSX vs. FRHMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend 2055 Fund (FQLSX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). 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.

	FQLSX	FRHMX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	11.06	—	—

Drawdowns

Drawdown Indicators

	FQLSX	FRHMX	Difference
Max Drawdown Largest peak-to-trough decline	-31.26%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.41%	—	—
Current Drawdown Current decline from peak	-1.93%	—	—
Average Drawdown Average peak-to-trough decline	-5.38%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	—	—

Volatility

Volatility by Period

	FQLSX	FRHMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.84%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.33%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	—	—

FQLSX vs. FRHMX - Expense Ratio Comparison

FQLSX has a 0.00% expense ratio, which is lower than FRHMX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FQLSX vs. FRHMX - Dividend Comparison

FQLSX's dividend yield for the trailing twelve months is around 4.65%, less than FRHMX's 102.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FQLSX Fidelity Flex Freedom Blend 2055 Fund	4.65%	3.32%	7.20%	2.08%	5.79%	8.05%	5.76%	7.02%	8.18%	3.10%
FRHMX Fidelity Managed Retirement Income Fund Class K6	102.92%	3.22%	3.24%	3.02%	4.77%	3.78%	2.61%	1.95%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FQLSX and FRHMX in my portfolio?

FQLSX and FRHMX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.