FTLSX vs. FRAMX
Compare and contrast key facts about Fidelity Flex Freedom Blend Income Fund (FTLSX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FTLSX is managed by Fidelity. It was launched on Jun 8, 2017. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FTLSX vs. FRAMX - Performance Comparison
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FTLSX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTLSX Fidelity Flex Freedom Blend Income Fund | 0.39% | 10.31% | 4.72% | 8.60% | -11.33% | 3.30% | 9.04% | 10.97% | -1.40% | 3.61% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 3.47% |
Returns By Period
In the year-to-date period, FTLSX achieves a 0.39% return, which is significantly higher than FRAMX's 0.18% return.
FTLSX
- 1D
- 0.90%
- 1M
- -2.22%
- YTD
- 0.39%
- 6M
- 1.59%
- 1Y
- 8.16%
- 3Y*
- 6.69%
- 5Y*
- 2.89%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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FTLSX vs. FRAMX - Expense Ratio Comparison
FTLSX has a 0.00% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FTLSX vs. FRAMX — Risk / Return Rank
FTLSX
FRAMX
FTLSX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend Income Fund (FTLSX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| FTLSX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.64 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.41 | 2.30 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.22 | +0.10 |
Martin ratioReturn relative to average drawdown | 9.55 | 8.81 | +0.74 |
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
| FTLSX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.64 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.42 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.50 | +0.37 |
Correlation
The correlation between FTLSX and FRAMX 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
FTLSX vs. FRAMX - Dividend Comparison
FTLSX's dividend yield for the trailing twelve months is around 3.80%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTLSX Fidelity Flex Freedom Blend Income Fund | 3.80% | 3.68% | 3.37% | 3.19% | 5.28% | 4.91% | 3.06% | 4.44% | 4.26% | 1.97% | 0.00% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FTLSX vs. FRAMX - Drawdown Comparison
The maximum FTLSX drawdown since its inception was -15.74%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FTLSX and FRAMX.
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Drawdown Indicators
| FTLSX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.74% | -33.94% | +18.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -3.45% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -16.31% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -2.59% | -2.47% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -3.86% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.87% | +0.02% |
Volatility
FTLSX vs. FRAMX - Volatility Comparison
Fidelity Flex Freedom Blend Income Fund (FTLSX) has a higher volatility of 2.36% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FTLSX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTLSX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 2.14% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 2.95% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 4.64% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 5.22% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 4.48% | +0.27% |