AAETX vs. FRQKX

Last updated Jul 17, 2026

AAETX (American Funds 2030 Target Date Retirement Fund) and FRQKX (Fidelity Managed Retirement 2010 Fund Class K) are both Target Retirement Date funds. Their correlation of 0.84 suggests significant overlap in exposure. AAETX charges 0.33%/yr vs 0.36%/yr for FRQKX.

Performance

AAETX vs. FRQKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds 2030 Target Date Retirement Fund (AAETX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAETX

• 1D: 0.41%
• 1M: -0.00%
• 6M: 4.00%
• YTD: 5.84%
• 1Y: 12.59%
• 3Y*: 12.24%
• 5Y*: 6.60%
• 10Y*: 8.82%

FRQKX

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

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

AAETX vs. FRQKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AAETX American Funds 2030 Target Date Retirement Fund	5.84%	15.41%	10.50%	14.08%	-14.74%	12.79%	14.81%	6.39%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.66%	9.91%	4.42%	8.62%	-12.30%	3.95%	9.68%	3.94%

Correlation

The correlation between AAETX and FRQKX 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	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.84

The correlation between AAETX and FRQKX has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

Return for Risk

AAETX vs. FRQKX — Risk / Return Rank

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

AAETX

AAETX Risk / Return Rank: 57
AAETX Sharpe Ratio Rank: 59
AAETX Sortino Ratio Rank: 61
AAETX Omega Ratio Rank: 60
AAETX Calmar Ratio Rank: 47
AAETX Martin Ratio Rank: 59

FRQKX

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.

AAETX vs. FRQKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds 2030 Target Date Retirement Fund (AAETX) 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.

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.

	AAETX	FRQKX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.12	—	—
Martin ratio: Return relative to average drawdown	9.25	—	—

Drawdowns

Drawdown Indicators

	AAETX	FRQKX	Difference
Max Drawdown Largest peak-to-trough decline	-49.49%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.37%	—	—
Current Drawdown Current decline from peak	-0.35%	—	—
Average Drawdown Average peak-to-trough decline	-6.37%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	—	—

Volatility

Volatility by Period

	AAETX	FRQKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.58%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.79%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.58%	—	—

AAETX vs. FRQKX - Expense Ratio Comparison

AAETX has a 0.33% expense ratio, which is lower than FRQKX's 0.36% expense ratio.

Dividends

AAETX vs. FRQKX - Dividend Comparison

AAETX's dividend yield for the trailing twelve months is around 5.98%, more than FRQKX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAETX American Funds 2030 Target Date Retirement Fund	5.98%	6.33%	3.73%	2.69%	4.39%	6.47%	3.57%	3.95%	4.46%	2.46%	3.46%	5.52%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.28%	3.09%	2.91%	2.86%	5.12%	6.11%	3.61%	2.57%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AAETX and FRQKX in my portfolio?

AAETX and FRQKX 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.