- ISIN
- US31617L1035
- CUSIP
- 31617L103
- Issuer
- BlackRock
- Inception Date
- Dec 31, 2007
- Category
- Target Retirement Date
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FIRVX Performance Chart
Fidelity Managed Retirement 2020 Fund (FIRVX) is up 1,440,933.9% since the beginning of the year. FIRVX is currently trading at $60 per share. Investors who bought $1,000 worth of FIRVX shares 5 years ago would now be looking at an investment worth $16,529,139.
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Returns By Period
Fidelity Managed Retirement 2020 Fund (FIRVX) has returned 1,440,933.92% so far this year and 1,530,611.82% over the past 12 months. Looking at the last ten years, FIRVX has achieved an annualized return of 176.04%, outperforming the S&P 500 Index benchmark, which averaged 13.70% per year.
Fidelity Managed Retirement 2020 Fund
- 1D
- 1,371,718.18%
- 1M
- 1,382,668.54%
- YTD
- 1,440,933.92%
- 6M
- 1,436,828.54%
- 1Y
- 1,530,611.82%
- 3Y*
- 2,512.79%
- 5Y*
- 597.67%
- 10Y*
- 176.04%
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
FIRVX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 2007, FIRVX's average daily return is +295.46%, while the average monthly return is +6,138.42%. At this rate, an investment would double in approximately 0.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Jun 2026 with a return of +1,368,758.8%, while the worst month was Oct 2008 at -14.3%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FIRVX closed higher 54% of trading days. The best single day was Jun 15, 2026 with a return of +1,371,718.2%, while the worst single day was Oct 15, 2008 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.55% | 1.83% | -3.25% | 3.61% | 1.56% | 1,368,758.76% | 1,440,933.92% | ||||||
| 2025 | 1.70% | 1.17% | -0.99% | 0.53% | 1.61% | 2.44% | 0.16% | 1.62% | 1.83% | 0.97% | 0.30% | 0.35% | 12.25% |
| 2024 | -0.17% | 0.86% | 1.78% | -2.49% | 2.51% | 0.95% | 1.97% | 1.47% | 1.64% | -2.26% | 1.73% | -2.10% | 5.86% |
| 2023 | 4.86% | -2.59% | 2.43% | 0.68% | -1.09% | 1.79% | 1.30% | -1.57% | -2.87% | -1.94% | 5.61% | 4.08% | 10.72% |
| 2022 | -2.66% | -1.73% | -0.97% | -4.80% | 0.21% | -4.56% | 3.96% | -2.91% | -6.39% | 1.43% | 5.48% | -2.08% | -14.63% |
| 2021 | -0.12% | 0.81% | 0.33% | 2.20% | 1.00% | 0.82% | 0.52% | 0.90% | -1.89% | 2.07% | -1.25% | 1.27% | 6.77% |
Benchmark Metrics
Fidelity Managed Retirement 2020 Fund has an annualized alpha of 64552042726102047250893395038485837016960871457388989566987472832639595624511593781180442069604008580954388121761182512467404702743234129127261863936.00%, beta of 302.25, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 31, 2007.
- This fund captured 53.60% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -573.49%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 64,552,042,726,102,050,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.00%
- Beta
- 302.25
- R²
- 0.00
- Upside Capture
- 53.60%
- Downside Capture
- -573.49%
Expense Ratio
FIRVX has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIRVX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Managed Retirement 2020 Fund (FIRVX) and compare them to S&P 500 Index.
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.
| FIRVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | +351,353.26 | ||
| Omega ratioGain probability vs. loss probability | 49,085.82 | 1.30 | +49,084.51 |
| Calmar ratioReturn relative to maximum drawdown | 356,370.91 | 2.29 | +356,368.61 |
| Martin ratioReturn relative to average drawdown | 1,512,145.77 | 10.15 | +1,512,135.62 |
Dividends
Dividend History
Fidelity Managed Retirement 2020 Fund provided a 102.87% dividend yield over the last twelve months, with an annual payout of $62.09 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 | $62.09 | $1.64 | $1.46 | $1.33 | $1.68 | $2.67 | $2.12 | $1.67 | $3.23 | $13.14 | $1.32 | $2.47 |
Dividend yield | 102.87% | 2.83% | 2.74% | 2.57% | 3.52% | 4.61% | 3.74% | 3.18% | 6.90% | 25.16% | 2.28% | 4.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Managed Retirement 2020 Fund. 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 | $0.07 | $0.12 | $60.50 | $60.80 | ||||||
| 2025 | $0.00 | $0.06 | $0.05 | $0.06 | $0.11 | $0.07 | $0.06 | $0.15 | $0.07 | $0.07 | $0.17 | $0.78 | $1.64 |
| 2024 | $0.00 | $0.04 | $0.06 | $0.06 | $0.09 | $0.06 | $0.06 | $0.15 | $0.08 | $0.08 | $0.12 | $0.67 | $1.46 |
| 2023 | $0.00 | $0.02 | $0.04 | $0.06 | $0.08 | $0.05 | $0.06 | $0.07 | $0.06 | $0.08 | $0.06 | $0.75 | $1.33 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 | $0.46 | $0.04 | $0.83 | $1.68 |
| 2021 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.49 | $0.54 | $0.01 | $1.57 | $2.67 |
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 Managed Retirement 2020 Fund. 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 Managed Retirement 2020 Fund was 40.59%, occurring on Mar 9, 2009. Recovery took 420 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -40.59%Mar 2009 | 1y 2mo | 1y 8mo | 2y 10moJan 2008 - Nov 2010 |
Bear market2022 | -20.10%Oct 2022 | 11mo 8d | 1y 10mo | 2y 9moNov 2021 - Aug 2024 |
COVID crash2020 | -16.31%Mar 2020 | 1mo 2d | 3mo 24d | 4mo 26dFeb 2020 - Jul 2020 |
2011 correction2011 | -14.94%Oct 2011 | 5mo 4d | 5mo 18d | 10mo 22dMay 2011 - Mar 2012 |
2016 correction2016 | -11.67%Feb 2016 | 8mo 25d | 5mo 10d | 1y 2moMay 2015 - Jul 2016 |
Drawdown Indicators
| FIRVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.59% | -56.78% | +16.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -9.10% | +4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -6.52% | -18.90% | +12.38% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -25.43% | +5.33% |
Max Drawdown (10Y)Largest decline over 10 years | -20.10% | -33.92% | +13.82% |
Current DrawdownCurrent decline from peak | 0.00% | -3.31% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -10.71% | +5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 2.05% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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