FRHMX Alternatives & Similar Mutual Funds

Fidelity Managed Retirement Income Fund Class K6 (FRHMX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FRHMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FRHMX

FRHMX charges 0.25% annually. There are 220 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
PPLIX	Principal LifeTime 2050 Fund	0.01%	—	Feb 2001	FRHMX vs PPLIX
JLKYX	John Hancock Funds Multi-Index 2055 Lifetime Portf...	0.01%	—	Mar 2014	FRHMX vs JLKYX
PMTIX	Principal LifeTime 2030 Fund	0.01%	—	Feb 2001	FRHMX vs PMTIX
PLTZX	Principal LifeTime 2060 Fund	0.01%	—	Feb 2013	FRHMX vs PLTZX
LTIUX	Principal LifeTime 2035 Fund	0.01%	—	Feb 2008	FRHMX vs LTIUX

Best Risk-Adjusted Alternatives to FRHMX

Among 650 mutual funds in the Target Retirement Date category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 87.

Symbol	Name	Risk / Return Rank	AUM	Inception
SSFNX	State Street Target Retirement Fund	87	—	Sep 2014	FRHMX vs SSFNX
URFRX	USAA Target Retirement 2040 Fund	86	—	Jul 2008	FRHMX vs URFRX
URINX	USAA Target Retirement Income Fund	86	—	Jul 2008	FRHMX vs URINX
URFFX	USAA Target Retirement 2050 Fund	86	—	Jul 2008	FRHMX vs URFFX
SSBRX	State Street Target Retirement 2025 Fund	86	—	Sep 2014	FRHMX vs SSBRX

Top Performing FRHMX Alternatives (YTD)

Among 650 mutual funds in the Target Retirement Date category with YTD return data, the top-performing alternatives shown here go as high as 14.49%.

Symbol	Name	YTD Return	AUM	Inception
URSIX	USAA Target Retirement 2060 Fund	14.49%	—	Jul 2013	FRHMX vs URSIX
FWLSX	Fidelity Flex Freedom Blend 2060 Fund	14.31%	—	Jun 2017	FRHMX vs FWLSX
FDFPX	Fidelity Flex Freedom Blend 2065 Fund	14.25%	—	Jun 2019	FRHMX vs FDFPX
FFSZX	Fidelity Freedom 2065 Fund Class K6	14.22%	—	Jun 2019	FRHMX vs FFSZX
FVTKX	Fidelity Freedom 2060 Fund Class K6	14.22%	—	Aug 2014	FRHMX vs FVTKX

Lowest Volatility Alternatives to FRHMX

Among 650 mutual funds in the Target Retirement Date category with 1-year volatility data, the lowest-volatility alternatives shown here go as low as 3.50%.

Symbol	Name	Volatility 1Y	AUM	Inception
TDIFX	Dimensional Retirement Income Fund	3.50%	—	Nov 2015	FRHMX vs TDIFX
FIKFX	Fidelity Freedom Index Retirement Fund Investor Cl...	4.45%	—	Oct 2009	FRHMX vs FIKFX
FFGZX	Fidelity Freedom Index Income Fund Institutional P...	4.47%	—	Oct 2009	FRHMX vs FFGZX
DRIQX	Dimensional 2015 Target Date Retirement Income Fun...	4.51%	—	Nov 2015	FRHMX vs DRIQX
MLLIX	MFS Lifetime Income Fund	4.52%	—	Sep 2005	FRHMX vs MLLIX

Lowest Drawdown Alternatives to FRHMX

Among 650 mutual funds in the Target Retirement Date category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -2.61%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
TDIFX	Dimensional Retirement Income Fund	-2.61%	—	Nov 2015	FRHMX vs TDIFX
FIKFX	Fidelity Freedom Index Retirement Fund Investor Cl...	-3.32%	—	Oct 2009	FRHMX vs FIKFX
FFGZX	Fidelity Freedom Index Income Fund Institutional P...	-3.33%	—	Oct 2009	FRHMX vs FFGZX
DRIQX	Dimensional 2015 Target Date Retirement Income Fun...	-3.47%	—	Nov 2015	FRHMX vs DRIQX
PRMYX	Putnam RetirementReady Maturity Fund	-3.50%	—	Oct 2004	FRHMX vs PRMYX

Other Mutual Funds from BlackRock

The 10 most viewed BlackRock mutual funds shown here include ECAT, WFSPX, BDMIX and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ECAT	BlackRock ESG Capital Allocation Term Trust	Tactical Allocation, Derivative Income, ESG	30	13.03%	—	Sep 2021	FRHMX vs ECAT
WFSPX	iShares S&P 500 Index Fund Class K	S&P 500	75	11.74%	—	Jul 1993	FRHMX vs WFSPX
BDMIX	BlackRock Global Equity Market Neutral Fund Class ...	Equity Market Neutral	98	12.78%	—	Dec 2012	FRHMX vs BDMIX
LIVIX	BlackRock LifePath Index 2055 Fund - Institutional...	Target Retirement Date	75	12.53%	—	May 2011	FRHMX vs LIVIX
BDJ	BlackRock Enhanced Equity Dividend Trust	Derivative Income	64	8.53%	—	Aug 2005	FRHMX vs BDJ
BGSAX	BlackRock Technology Opportunities Fund Investor A	Technology Equities	33	26.05%	—	May 2000	FRHMX vs BGSAX
BDMAX	BlackRock Global Equity Market Neutral Fund Invest...	Equity Market Neutral	98	12.58%	—	Dec 2012	FRHMX vs BDMAX
MADVX	BlackRock Equity Dividend Fund Institutional Share...	Large Cap Value Equities	92	17.98%	—	Nov 1988	FRHMX vs MADVX
BSIIX	BlackRock Strategic Income Opportunities Fund Clas...	Total Bond Market	45	1.14%	—	Feb 2008	FRHMX vs BSIIX
BRHYX	BlackRock High Yield K	High Yield Bonds	72	1.50%	—	Jan 2001	FRHMX vs BRHYX

Often Compared With FRHMX

Investors most often compare FRHMX with PLTHX, RFGTX, TRRLX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PLTHX	Principal LifeTime Hybrid 2060 Fund	Target Retirement Date	74	11.55%	—	Sep 2014	FRHMX vs PLTHX
RFGTX	American Funds 2040 Target Date Retirement Fund Cl...	Target Retirement Date	60	9.03%	—	Feb 2007	FRHMX vs RFGTX
TRRLX	T. Rowe Price Retirement 2060 Fund	Target Retirement Date	48	12.43%	—	Jun 2014	FRHMX vs TRRLX
FNGLX	Fidelity Advisor Freedom 2060 Fund Class Z6	Target Retirement Date	65	12.90%	—	Jun 2017	FRHMX vs FNGLX
LINKX	BlackRock LifePath Index 2030 Fund	Target Retirement Date	70	6.45%	—	—	FRHMX vs LINKX
FSNQX	Fidelity Freedom 2030 Fund Class K	Target Retirement Date	71	8.66%	—	Jul 2017	FRHMX vs FSNQX
FHRDX	Fidelity Freedom Blend Income Fund Class K6	Target Retirement Date	61	4.52%	—	Aug 2018	FRHMX vs FHRDX
FHNDX	Fidelity Freedom Blend 2020 Fund Class K6	Target Retirement Date	68	6.72%	—	Aug 2018	FRHMX vs FHNDX
FCQTX	American Funds 2065 Target Date Retirement Fund	Target Retirement Date	55	10.51%	—	Mar 2020	FRHMX vs FCQTX
DRIWX	Dimensional 2030 Target Date Retirement Income Fun...	Target Retirement Date	29	3.20%	—	Nov 2015	FRHMX vs DRIWX
TTIHX	Nuveen Lifecycle Index 2055 Fund Class I	Target Retirement Date	73	11.83%	—	Dec 2015	FRHMX vs TTIHX
SSDJX	State Street Target Retirement 2050 Fund	Target Retirement Date	72	11.00%	—	Sep 2014	FRHMX vs SSDJX
LIRIX	BlackRock LifePath Index Retirement Fund	Target Retirement Date	73	5.19%	—	May 2011	FRHMX vs LIRIX
MUROX	Mutual of America 2055 Retirement Fund	Target Retirement Date	79	11.62%	—	Nov 2021	FRHMX vs MUROX
PHTYX	Principal LifeTime Hybrid 2045 Fund	Target Retirement Date	72	10.30%	—	Sep 2014	FRHMX vs PHTYX
DRILX	Dimensional 2060 Target Date Retirement Income Fun...	Target Retirement Date	80	12.47%	137.42M	Nov 2015	FRHMX vs DRILX
FEGLX	Fidelity Advisor Freedom Income Fund Class Z6	Target Retirement Date	55	4.22%	—	Jun 2017	FRHMX vs FEGLX
RFETX	American Funds 2030 Target Date Retirement Fund Cl...	Target Retirement Date	61	6.29%	—	Feb 2007	FRHMX vs RFETX
PLTQX	Principal LifeTime Hybrid 2040 Fund	Target Retirement Date	71	9.16%	—	Sep 2014	FRHMX vs PLTQX
ARGVX	American Century Investments One Choice 2060 Portf...	Target Retirement Date	53	9.48%	429.52M	Sep 2015	FRHMX vs ARGVX

Compare FRHMX with Any Fund or Stock

Compare FRHMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair FRHMX with funds that move differently

Fidelity Managed Retirement Income Fund Class K6 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FRHMX.

Explore FRHMX Diversifiers

Fidelity Managed Retirement Income Fund Class K6 (FRHMX) Alternatives