FWLSX vs. FRQKX

Last updated Jul 15, 2026

FWLSX (Fidelity Flex Freedom Blend 2060 Fund) and FRQKX (Fidelity Managed Retirement 2010 Fund Class K) are both Target Retirement Date funds. A 0.80 correlation means they provide meaningful diversification when combined. FWLSX charges 0.00%/yr vs 0.36%/yr for FRQKX.

Performance

FWLSX vs. FRQKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex Freedom Blend 2060 Fund (FWLSX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FWLSX

• 1D: -1.36%
• 1M: -0.12%
• 6M: 9.29%
• YTD: 12.62%
• 1Y: 24.15%
• 3Y*: 19.69%
• 5Y*: 10.78%
• 10Y*: —

FRQKX

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

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

FWLSX vs. FRQKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FWLSX Fidelity Flex Freedom Blend 2060 Fund	12.62%	22.76%	17.95%	21.00%	-18.55%	16.88%	18.48%	8.98%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.66%	9.91%	4.42%	8.62%	-12.30%	3.95%	9.68%	3.94%

Correlation

The correlation between FWLSX and FRQKX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.80

The correlation between FWLSX and FRQKX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

FWLSX vs. FRQKX — Risk / Return Rank

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

FWLSX

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

FRQKX

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.

FWLSX vs. FRQKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Freedom Blend 2060 Fund (FWLSX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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.

	FWLSX	FRQKX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	11.07	—	—

Drawdowns

Drawdown Indicators

	FWLSX	FRQKX	Difference
Max Drawdown Largest peak-to-trough decline	-31.32%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.49%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.40%	—	—
Current Drawdown Current decline from peak	-1.94%	—	—
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

	FWLSX	FRQKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.10%	—	—

FWLSX vs. FRQKX - Expense Ratio Comparison

FWLSX has a 0.00% expense ratio, which is lower than FRQKX's 0.36% expense ratio.

Dividends

FWLSX vs. FRQKX - Dividend Comparison

FWLSX's dividend yield for the trailing twelve months is around 4.07%, more than FRQKX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.28%	3.09%	2.91%	2.86%	5.12%	6.11%	3.61%	2.57%	0.00%	0.00%
FWLSX Fidelity Flex Freedom Blend 2060 Fund	4.07%	3.14%	7.07%	2.36%	5.59%	9.05%	5.80%	7.02%	8.16%	3.09%

Frequently Asked Questions

Can I hold both FWLSX and FRQKX in my portfolio?

FWLSX and FRQKX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.