AAEKX vs. FIRVX

Last updated Jul 17, 2026

AAEKX (American Century One Choice Blend+ 2065 Portfolio) and FIRVX (Fidelity Managed Retirement 2020 Fund) are both Target Retirement Date funds. Their correlation of 0.86 suggests significant overlap in exposure. AAEKX charges 0.58%/yr vs 0.47%/yr for FIRVX.

Performance

AAEKX vs. FIRVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century One Choice Blend+ 2065 Portfolio (AAEKX) and Fidelity Managed Retirement 2020 Fund (FIRVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAEKX

• 1D: 0.35%
• 1M: 0.07%
• 6M: 7.58%
• YTD: 11.08%
• 1Y: 22.01%
• 3Y*: 17.00%
• 5Y*: 9.08%
• 10Y*: —

FIRVX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAEKX vs. FIRVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AAEKX American Century One Choice Blend+ 2065 Portfolio	11.08%	20.17%	15.20%	16.86%	-16.94%	10.08%
FIRVX Fidelity Managed Retirement 2020 Fund	1,440,933.92%	12.25%	5.86%	10.72%	-14.63%	5.98%

Correlation

The correlation between AAEKX and FIRVX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021	0.86

The correlation between AAEKX and FIRVX has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

Return for Risk

AAEKX vs. FIRVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAEKX

AAEKX Risk / Return Rank: 60
AAEKX Sharpe Ratio Rank: 60
AAEKX Sortino Ratio Rank: 58
AAEKX Omega Ratio Rank: 58
AAEKX Calmar Ratio Rank: 58
AAEKX Martin Ratio Rank: 68

FIRVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AAEKX vs. FIRVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century One Choice Blend+ 2065 Portfolio (AAEKX) and Fidelity Managed Retirement 2020 Fund (FIRVX). 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.

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.

	AAEKX	FIRVX	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	10.48	—	—

Drawdowns

Drawdown Indicators

	AAEKX	FIRVX	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	—	—
Current Drawdown Current decline from peak	-0.49%	—	—
Average Drawdown Average peak-to-trough decline	-6.43%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	AAEKX	FIRVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.73%	—	—

AAEKX vs. FIRVX - Expense Ratio Comparison

AAEKX has a 0.58% expense ratio, which is higher than FIRVX's 0.47% expense ratio.

Dividends

AAEKX vs. FIRVX - Dividend Comparison

AAEKX's dividend yield for the trailing twelve months is around 2.63%, less than FIRVX's 102.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAEKX American Century One Choice Blend+ 2065 Portfolio	2.63%	2.92%	1.96%	1.67%	4.12%	3.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIRVX Fidelity Managed Retirement 2020 Fund	102.77%	2.83%	2.74%	2.57%	3.52%	4.61%	3.74%	3.18%	6.90%	25.16%	2.28%	4.45%

Frequently Asked Questions

Can I hold both AAEKX and FIRVX in my portfolio?

AAEKX and FIRVX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.