AALTX vs. FRKMX
Compare and contrast key facts about American Funds 2050 Target Date Retirement Fund (AALTX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
AALTX is managed by American Funds. It was launched on Jan 31, 2007. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
AALTX vs. FRKMX - Performance Comparison
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AALTX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AALTX American Funds 2050 Target Date Retirement Fund | -3.14% | 20.06% | 15.09% | 20.34% | -19.14% | 16.96% | 19.07% | 8.65% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, AALTX achieves a -3.14% return, which is significantly lower than FRKMX's 0.27% return.
AALTX
- 1D
- 2.61%
- 1M
- -6.25%
- YTD
- -3.14%
- 6M
- -0.66%
- 1Y
- 17.54%
- 3Y*
- 14.94%
- 5Y*
- 7.65%
- 10Y*
- 10.80%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
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AALTX vs. FRKMX - Expense Ratio Comparison
AALTX has a 0.33% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
AALTX vs. FRKMX — Risk / Return Rank
AALTX
FRKMX
AALTX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2050 Target Date Retirement Fund (AALTX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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.
| AALTX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.72 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.82 | 2.41 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.35 | -0.55 |
Martin ratioReturn relative to average drawdown | 7.77 | 9.34 | -1.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AALTX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.72 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.49 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.71 | -0.21 |
Correlation
The correlation between AALTX and FRKMX is 0.71, 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
AALTX vs. FRKMX - Dividend Comparison
AALTX's dividend yield for the trailing twelve months is around 6.00%, more than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AALTX American Funds 2050 Target Date Retirement Fund | 6.00% | 5.81% | 3.33% | 2.36% | 7.07% | 4.32% | 3.13% | 4.17% | 4.77% | 2.36% | 3.53% | 4.85% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AALTX vs. FRKMX - Drawdown Comparison
The maximum AALTX drawdown since its inception was -50.02%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for AALTX and FRKMX.
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Drawdown Indicators
| AALTX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.02% | -16.04% | -33.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -3.42% | -6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -16.04% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -29.30% | — | — |
Current DrawdownCurrent decline from peak | -7.09% | -2.44% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -3.64% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.86% | +1.46% |
Volatility
AALTX vs. FRKMX - Volatility Comparison
American Funds 2050 Target Date Retirement Fund (AALTX) has a higher volatility of 5.39% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that AALTX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AALTX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 2.14% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 2.95% | +6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 4.63% | +10.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 5.23% | +8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.82% | 5.14% | +9.68% |