FRIMX vs. FAFAX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) and Fidelity Advisor Freedom Income Fund Class A (FAFAX).
FRIMX is managed by BlackRock. It was launched on Aug 30, 2007. FAFAX is managed by Fidelity. It was launched on Jul 24, 2003.
Performance
FRIMX vs. FAFAX - Performance Comparison
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FRIMX vs. FAFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | -0.51% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
FAFAX Fidelity Advisor Freedom Income Fund Class A | -0.68% | 9.76% | 4.04% | 7.83% | -11.67% | 2.92% | 8.46% | 10.85% | -2.03% | 7.12% |
Returns By Period
In the year-to-date period, FRIMX achieves a -0.51% return, which is significantly higher than FAFAX's -0.68% return. Both investments have delivered pretty close results over the past 10 years, with FRIMX having a 3.92% annualized return and FAFAX not far behind at 3.77%.
FRIMX
- 1D
- 0.26%
- 1M
- -3.19%
- YTD
- -0.51%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.40%
- 10Y*
- 3.92%
FAFAX
- 1D
- 0.19%
- 1M
- -3.55%
- YTD
- -0.68%
- 6M
- 0.52%
- 1Y
- 6.76%
- 3Y*
- 5.74%
- 5Y*
- 2.23%
- 10Y*
- 3.77%
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FRIMX vs. FAFAX - Expense Ratio Comparison
FRIMX has a 0.45% expense ratio, which is lower than FAFAX's 0.72% expense ratio.
Return for Risk
FRIMX vs. FAFAX — Risk / Return Rank
FRIMX
FAFAX
FRIMX vs. FAFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) and Fidelity Advisor Freedom Income Fund Class A (FAFAX). 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.
| FRIMX | FAFAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.43 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.97 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.84 | +0.24 |
Martin ratioReturn relative to average drawdown | 8.41 | 7.65 | +0.75 |
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
| FRIMX | FAFAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.43 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.43 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.83 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.77 | -0.24 |
Correlation
The correlation between FRIMX and FAFAX is 0.94, 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
FRIMX vs. FAFAX - Dividend Comparison
FRIMX's dividend yield for the trailing twelve months is around 3.15%, more than FAFAX's 3.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.15% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
FAFAX Fidelity Advisor Freedom Income Fund Class A | 3.01% | 2.93% | 2.88% | 2.66% | 5.70% | 5.06% | 3.60% | 3.52% | 5.39% | 3.13% | 2.86% | 2.82% |
Drawdowns
FRIMX vs. FAFAX - Drawdown Comparison
The maximum FRIMX drawdown since its inception was -33.73%, which is greater than FAFAX's maximum drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for FRIMX and FAFAX.
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Drawdown Indicators
| FRIMX | FAFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -19.07% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -3.73% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.12% | -16.11% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -16.12% | -16.11% | -0.01% |
Current DrawdownCurrent decline from peak | -3.19% | -3.55% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -2.18% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.90% | -0.05% |
Volatility
FRIMX vs. FAFAX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) is 1.95%, while Fidelity Advisor Freedom Income Fund Class A (FAFAX) has a volatility of 2.12%. This indicates that FRIMX experiences smaller price fluctuations and is considered to be less risky than FAFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIMX | FAFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 2.12% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 3.11% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 4.77% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 5.25% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 4.57% | -0.10% |