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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Managed Retirement 2025 Fund Class I, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX) has returned -1.37% so far this year and 10.02% over the past 12 months. Over the last ten years, FIRFX has returned 6.45% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Fidelity Advisor Managed Retirement 2025 Fund Class I
- 1D
- 0.17%
- 1M
- -4.93%
- YTD
- -1.37%
- 6M
- 0.41%
- 1Y
- 10.02%
- 3Y*
- 8.27%
- 5Y*
- 3.65%
- 10Y*
- 6.45%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Dec 31, 2007, FIRFX's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, your investment would double in approximately 11.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +8.4%, while the worst month was Oct 2008 at -14.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FIRFX closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +7.6%, while the worst single day was Oct 15, 2008 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.78% | 1.94% | -4.93% | -1.37% | |||||||||
| 2025 | 1.93% | 1.06% | -1.28% | 0.51% | 2.01% | 2.73% | 0.21% | 1.72% | 2.05% | 1.06% | 0.27% | 0.45% | 13.43% |
| 2024 | -0.17% | 1.19% | 1.96% | -2.69% | 2.74% | 0.99% | 2.04% | 1.53% | 1.72% | -2.37% | 1.97% | -2.35% | 6.55% |
| 2023 | 5.35% | -2.77% | 2.55% | 0.74% | -1.13% | 2.16% | 1.51% | -1.79% | -3.15% | -2.15% | 6.11% | 4.37% | 11.83% |
| 2022 | -2.93% | -1.94% | -0.81% | -5.29% | 0.17% | -5.09% | 4.39% | -3.08% | -6.96% | 1.88% | 6.00% | -2.41% | -15.66% |
| 2021 | -0.14% | 1.07% | 0.56% | 2.44% | 1.10% | 0.87% | 0.48% | 1.09% | -2.13% | 2.41% | -1.44% | 1.52% | 8.02% |
Benchmark Metrics
Fidelity Advisor Managed Retirement 2025 Fund Class I has an annualized alpha of 0.70%, beta of 0.54, and R² of 0.88 versus S&P 500 Index. Calculated based on daily prices since January 02, 2008.
- This fund participated in 67.63% of S&P 500 Index downside but only 59.22% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.54 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.70%
- Beta
- 0.54
- R²
- 0.88
- Upside Capture
- 59.22%
- Downside Capture
- 67.63%
Expense Ratio
FIRFX has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIRFX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX) and compare them to a chosen benchmark (S&P 500 Index).
| FIRFX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 0.90 | +0.44 |
Sortino ratioReturn per unit of downside risk | 1.88 | 1.39 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.40 | +0.32 |
Martin ratioReturn relative to average drawdown | 7.34 | 6.61 | +0.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FIRFX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Fidelity Advisor Managed Retirement 2025 Fund Class I provided a 2.72% dividend yield over the last twelve months, with an annual payout of $1.64 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.64 | $1.63 | $1.42 | $1.30 | $2.27 | $3.09 | $2.11 | $2.06 | $3.40 | $13.31 | $1.45 | $2.55 |
Dividend yield | 2.72% | 2.66% | 2.56% | 2.43% | 4.63% | 5.08% | 3.57% | 3.80% | 7.10% | 24.68% | 2.44% | 4.49% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Managed Retirement 2025 Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.05 | $0.06 | $0.11 | |||||||||
| 2025 | $0.00 | $0.05 | $0.05 | $0.05 | $0.10 | $0.07 | $0.05 | $0.14 | $0.07 | $0.07 | $0.16 | $0.82 | $1.63 |
| 2024 | $0.00 | $0.04 | $0.05 | $0.05 | $0.08 | $0.05 | $0.05 | $0.13 | $0.07 | $0.08 | $0.11 | $0.71 | $1.42 |
| 2023 | $0.00 | $0.02 | $0.03 | $0.06 | $0.07 | $0.03 | $0.05 | $0.05 | $0.07 | $0.08 | $0.05 | $0.78 | $1.30 |
| 2022 | $0.00 | $0.01 | $0.00 | $0.02 | $0.02 | $0.01 | $0.03 | $0.03 | $0.83 | $0.47 | $0.03 | $0.84 | $2.27 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.62 | $0.54 | $0.00 | $1.88 | $3.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Managed Retirement 2025 Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Advisor Managed Retirement 2025 Fund Class I was 41.29%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
The current Fidelity Advisor Managed Retirement 2025 Fund Class I drawdown is 4.95%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.29% | Jan 2, 2008 | 298 | Mar 9, 2009 | 420 | Nov 4, 2010 | 718 |
| -21.56% | Nov 10, 2021 | 234 | Oct 14, 2022 | 464 | Aug 21, 2024 | 698 |
| -18.35% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -15.95% | May 2, 2011 | 108 | Oct 3, 2011 | 120 | Mar 26, 2012 | 228 |
| -12.4% | May 22, 2015 | 183 | Feb 11, 2016 | 117 | Jul 29, 2016 | 300 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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