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AAATX vs. FRQKX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

AAATX vs. FRQKX

Last updated Apr 3, 2026

Compare and contrast key facts about American Funds 2010 Target Date Retirement Fund (AAATX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).

AAATX is managed by American Funds. It was launched on Jan 31, 2007. FRQKX is managed by BlackRock. It was launched on Aug 1, 2019.

Performance

AAATX vs. FRQKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds 2010 Target Date Retirement Fund (AAATX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). The values are adjusted to include any dividend payments, if applicable.

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AAATX vs. FRQKX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AAATX
American Funds 2010 Target Date Retirement Fund		0.25%12.73%7.83%8.44%-9.50%9.02%8.84%4.51%
FRQKX
Fidelity Managed Retirement 2010 Fund Class K		0.37%9.91%4.42%8.62%-12.30%3.95%9.68%3.94%

Returns By Period

In the year-to-date period, AAATX achieves a 0.25% return, which is significantly lower than FRQKX's 0.37% return.

AAATX

1D
0.16%
1M
-2.08%
YTD
0.25%
6M
1.86%
1Y
9.79%
3Y*
8.84%
5Y*
4.92%
10Y*
6.01%

FRQKX

1D
0.11%
1M
-1.34%
YTD
0.37%
6M
1.35%
1Y
7.74%
3Y*
6.41%
5Y*
2.58%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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American Funds 2010 Target Date Retirement Fund

Fidelity Managed Retirement 2010 Fund Class K

Often compared with AAATX:
AAATX vs. FXAIXAAATX vs. AADTXAAATX vs. ASTEXAAATX vs. LTEBXAAATX vs. MGKAAATX vs. VOOAAATX vs. SCHD
Often compared with FRQKX:
FRQKX vs. VTTHXFRQKX vs. FSXAXFRQKX vs. FFVFXFRQKX vs. FFEDXFRQKX vs. JRLVXFRQKX vs. FFFDXFRQKX vs. FFFYX

AAATX vs. FRQKX - Expense Ratio Comparison

AAATX has a 0.34% expense ratio, which is lower than FRQKX's 0.36% expense ratio.

FRQKX
Fidelity Managed Retirement 2010 Fund Class K
AAATX
American Funds 2010 Target Date Retirement Fund

Return for Risk

AAATX vs. FRQKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AAATX
AAATX Risk / Return Rank: 7979
Overall Rank
AAATX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
AAATX Sortino Ratio Rank: 7979
Sortino Ratio Rank
AAATX Omega Ratio Rank: 8181
Omega Ratio Rank
AAATX Calmar Ratio Rank: 8080
Calmar Ratio Rank
AAATX Martin Ratio Rank: 7777
Martin Ratio Rank
FRQKX
FRQKX Risk / Return Rank: 8181
Overall Rank
FRQKX Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
FRQKX Sortino Ratio Rank: 8383
Sortino Ratio Rank
FRQKX Omega Ratio Rank: 8080
Omega Ratio Rank
FRQKX Calmar Ratio Rank: 8282
Calmar Ratio Rank
FRQKX Martin Ratio Rank: 8080
Martin Ratio Rank
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.

AAATX vs. FRQKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds 2010 Target Date Retirement Fund (AAATX) 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.

AAATXFRQKXDifference

Sharpe ratio

Return per unit of total volatility

1.62

1.69

-0.07

Sortino ratio

Return per unit of downside risk

2.22

2.36

-0.14

Omega ratio

Gain probability vs. loss probability

1.34

1.34

0.00

Calmar ratio

Return relative to maximum drawdown

2.23

2.39

-0.16

Martin ratio

Return relative to average drawdown

8.78

9.32

-0.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AAATX vs. FRQKX - Sharpe Ratio Comparison

The current AAATX Sharpe Ratio is 1.62, which is comparable to the FRQKX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of AAATX and FRQKX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

AAATXFRQKXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.62

1.69

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.47

+0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.70

-0.16

Correlation

The correlation between AAATX and FRQKX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AAATX vs. FRQKX - Dividend Comparison

AAATX's dividend yield for the trailing twelve months is around 6.82%, more than FRQKX's 3.24% yield.

TTM20252024202320222021202020192018201720162015
AAATX
American Funds 2010 Target Date Retirement Fund		6.82%6.84%5.16%3.53%3.41%3.78%3.72%3.48%3.79%2.51%2.67%4.60%
FRQKX
Fidelity Managed Retirement 2010 Fund Class K		3.24%3.09%2.91%2.86%5.12%6.11%3.61%2.57%0.00%0.00%0.00%0.00%

Drawdowns

AAATX vs. FRQKX - Drawdown Comparison

The maximum AAATX drawdown since its inception was -40.44%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for AAATX and FRQKX.

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Drawdown Indicators

AAATXFRQKXDifference

Max Drawdown

Largest peak-to-trough decline

-40.44%

-16.97%

-23.47%

Max Drawdown (1Y)

Largest decline over 1 year

-4.42%

-3.42%

-1.00%

Max Drawdown (5Y)

Largest decline over 5 years

-14.99%

-16.97%

+1.98%

Max Drawdown (10Y)

Largest decline over 10 years

-15.13%

—

—

Current Drawdown

Current decline from peak

-3.16%

-2.34%

-0.82%

Average Drawdown

Average peak-to-trough decline

-4.38%

-3.95%

-0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.15%

0.88%

+0.27%

Volatility

AAATX vs. FRQKX - Volatility Comparison

American Funds 2010 Target Date Retirement Fund (AAATX) has a higher volatility of 2.32% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 2.08%. This indicates that AAATX's price experiences larger fluctuations and is considered to be riskier than FRQKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AAATXFRQKXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.32%

2.08%

+0.24%

Volatility (6M)

Calculated over the trailing 6-month period

3.64%

2.96%

+0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

6.14%

4.67%

+1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.51%

5.52%

+0.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.67%

5.77%

+0.90%