FRAMX vs. FHFAX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and Fidelity Advisor Freedom 2055 Fund Class A (FHFAX).
FRAMX is managed by BlackRock. It was launched on Aug 30, 2007. FHFAX is managed by Fidelity. It was launched on Jun 1, 2011.
Performance
FRAMX vs. FHFAX - Performance Comparison
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FRAMX vs. FHFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FHFAX Fidelity Advisor Freedom 2055 Fund Class A | -4.07% | 22.74% | 13.42% | 18.88% | -18.20% | 15.74% | 17.26% | 26.38% | -8.52% | 21.37% |
Returns By Period
In the year-to-date period, FRAMX achieves a -0.57% return, which is significantly higher than FHFAX's -4.07% return. Over the past 10 years, FRAMX has underperformed FHFAX with an annualized return of 3.65%, while FHFAX has yielded a comparatively higher 10.36% annualized return.
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%
FHFAX
- 1D
- -0.30%
- 1M
- -9.37%
- YTD
- -4.07%
- 6M
- -0.97%
- 1Y
- 17.20%
- 3Y*
- 14.31%
- 5Y*
- 7.40%
- 10Y*
- 10.36%
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FRAMX vs. FHFAX - Expense Ratio Comparison
FRAMX has a 0.70% expense ratio, which is lower than FHFAX's 1.00% expense ratio.
Return for Risk
FRAMX vs. FHFAX — Risk / Return Rank
FRAMX
FHFAX
FRAMX vs. FHFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and Fidelity Advisor Freedom 2055 Fund Class A (FHFAX). 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.
| FRAMX | FHFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.09 | +0.41 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.57 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.37 | +0.63 |
Martin ratioReturn relative to average drawdown | 8.06 | 6.04 | +2.02 |
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
| FRAMX | FHFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.09 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.50 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.68 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.59 | -0.09 |
Correlation
The correlation between FRAMX and FHFAX is 0.82, 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
FRAMX vs. FHFAX - Dividend Comparison
FRAMX's dividend yield for the trailing twelve months is around 2.91%, less than FHFAX's 5.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FHFAX Fidelity Advisor Freedom 2055 Fund Class A | 5.41% | 5.19% | 1.28% | 1.57% | 10.67% | 9.08% | 4.81% | 6.33% | 9.98% | 3.29% | 4.16% | 4.12% |
Drawdowns
FRAMX vs. FHFAX - Drawdown Comparison
The maximum FRAMX drawdown since its inception was -33.94%, which is greater than FHFAX's maximum drawdown of -31.27%. Use the drawdown chart below to compare losses from any high point for FRAMX and FHFAX.
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Drawdown Indicators
| FRAMX | FHFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -31.27% | -2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -11.13% | +7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -27.45% | +11.14% |
Max Drawdown (10Y)Largest decline over 10 years | -16.31% | -31.27% | +14.96% |
Current DrawdownCurrent decline from peak | -3.20% | -9.91% | +6.71% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -4.82% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.53% | -1.67% |
Volatility
FRAMX vs. FHFAX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) is 1.96%, while Fidelity Advisor Freedom 2055 Fund Class A (FHFAX) has a volatility of 5.62%. This indicates that FRAMX experiences smaller price fluctuations and is considered to be less risky than FHFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRAMX | FHFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 5.62% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 9.48% | -6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 15.78% | -11.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 14.77% | -9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 15.39% | -10.92% |