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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Managed Retirement 2030, 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 Managed Retirement 2030 (FMRAX) has returned -1.69% so far this year and 10.78% over the past 12 months.
Fidelity Managed Retirement 2030
- 1D
- 0.08%
- 1M
- -5.46%
- YTD
- -1.69%
- 6M
- 0.23%
- 1Y
- 10.78%
- 3Y*
- 8.82%
- 5Y*
- 3.96%
- 10Y*
- —
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 Aug 27, 2019, FMRAX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, your investment would double in approximately 10.2 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +7.6%, while the worst month was Mar 2020 at -9.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FMRAX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +4.1%, while the worst single day was Mar 12, 2020 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.92% | 2.03% | -5.46% | -1.69% | |||||||||
| 2025 | 2.05% | 0.94% | -1.49% | 0.53% | 2.27% | 2.94% | 0.25% | 1.88% | 2.25% | 1.14% | 0.22% | 0.58% | 14.35% |
| 2024 | -0.09% | 1.46% | 2.11% | -2.90% | 2.94% | 0.99% | 2.12% | 1.53% | 1.85% | -2.43% | 2.09% | -2.47% | 7.19% |
| 2023 | 5.63% | -2.86% | 2.55% | 0.78% | -1.13% | 2.52% | 1.63% | -1.98% | -3.35% | -2.24% | 6.44% | 4.49% | 12.51% |
| 2022 | -3.13% | -2.04% | -0.77% | -5.57% | 0.13% | -5.45% | 4.75% | -3.22% | -7.21% | 2.14% | 6.33% | -2.63% | -16.27% |
| 2021 | -0.17% | 1.29% | 0.68% | 2.62% | 1.16% | 0.97% | 0.41% | 1.22% | -2.24% | 2.63% | -1.59% | 1.70% | 8.90% |
Benchmark Metrics
Fidelity Managed Retirement 2030 has an annualized alpha of 0.62%, beta of 0.45, and R² of 0.81 versus S&P 500 Index. Calculated based on daily prices since August 28, 2019.
- This fund participated in 65.90% of S&P 500 Index downside but only 51.67% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.45 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
- 0.62%
- Beta
- 0.45
- R²
- 0.81
- Upside Capture
- 51.67%
- Downside Capture
- 65.90%
Expense Ratio
FMRAX has an expense ratio of 0.48%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMRAX ranks 71 for risk / return — better than 71% 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 Managed Retirement 2030 (FMRAX) and compare them to a chosen benchmark (S&P 500 Index).
| FMRAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.90 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.39 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.40 | +0.24 |
Martin ratioReturn relative to average drawdown | 7.04 | 6.61 | +0.44 |
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 FMRAX 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 Managed Retirement 2030 provided a 2.64% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.28 | $0.26 | $0.39 | $0.58 | $0.35 | $0.17 |
Dividend yield | 2.64% | 2.57% | 2.50% | 2.39% | 4.02% | 4.74% | 3.01% | 1.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Managed Retirement 2030. 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 | $0.01 | $0.01 | $0.02 | |||||||||
| 2025 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.03 | $0.17 | $0.32 |
| 2024 | $0.00 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.15 | $0.28 |
| 2023 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.16 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.09 | $0.09 | $0.01 | $0.18 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.11 | $0.00 | $0.37 | $0.58 |
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 2030. 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 2030 was 22.45%, occurring on Oct 14, 2022. Recovery took 462 trading sessions.
The current Fidelity Managed Retirement 2030 drawdown is 5.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.45% | Nov 10, 2021 | 234 | Oct 14, 2022 | 462 | Aug 19, 2024 | 696 |
| -20.01% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 21, 2020 | 105 |
| -7.53% | Feb 19, 2025 | 35 | Apr 8, 2025 | 24 | May 13, 2025 | 59 |
| -5.61% | Feb 27, 2026 | 21 | Mar 27, 2026 | — | — | — |
| -4.26% | Dec 9, 2024 | 23 | Jan 13, 2025 | 23 | Feb 14, 2025 | 46 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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