FTAFX vs. FRKMX
Compare and contrast key facts about Fidelity Advisor Freedom Income Fund Class M (FTAFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FTAFX is managed by Fidelity. It was launched on Jul 24, 2003. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FTAFX vs. FRKMX - Performance Comparison
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FTAFX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FTAFX Fidelity Advisor Freedom Income Fund Class M | 0.13% | 9.66% | 3.70% | 7.58% | -11.88% | 2.64% | 8.20% | 3.20% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, FTAFX achieves a 0.13% return, which is significantly lower than FRKMX's 0.27% return.
FTAFX
- 1D
- 0.95%
- 1M
- -2.31%
- YTD
- 0.13%
- 6M
- 1.08%
- 1Y
- 7.13%
- 3Y*
- 5.81%
- 5Y*
- 2.07%
- 10Y*
- 3.61%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
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FTAFX vs. FRKMX - Expense Ratio Comparison
FTAFX has a 0.97% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
FTAFX vs. FRKMX — Risk / Return Rank
FTAFX
FRKMX
FTAFX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Freedom Income Fund Class M (FTAFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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.
| FTAFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 1.72 | -0.19 |
Sortino ratioReturn per unit of downside risk | 2.14 | 2.41 | -0.28 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.35 | -0.34 |
Martin ratioReturn relative to average drawdown | 8.30 | 9.34 | -1.04 |
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
| FTAFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.72 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.49 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.71 | +0.01 |
Correlation
The correlation between FTAFX and FRKMX is 0.98, 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
FTAFX vs. FRKMX - Dividend Comparison
FTAFX's dividend yield for the trailing twelve months is around 2.76%, less than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTAFX Fidelity Advisor Freedom Income Fund Class M | 2.76% | 2.73% | 2.65% | 2.42% | 5.49% | 4.88% | 3.36% | 3.28% | 5.15% | 2.91% | 2.55% | 2.62% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTAFX vs. FRKMX - Drawdown Comparison
The maximum FTAFX drawdown since its inception was -19.56%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FTAFX and FRKMX.
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Drawdown Indicators
| FTAFX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -16.04% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -3.42% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | -16.04% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -16.30% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -2.44% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -3.64% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.86% | +0.05% |
Volatility
FTAFX vs. FRKMX - Volatility Comparison
Fidelity Advisor Freedom Income Fund Class M (FTAFX) has a higher volatility of 2.41% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that FTAFX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTAFX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 2.14% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 2.95% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.86% | 4.63% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 5.23% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 5.14% | -0.54% |