AROIX vs. FRAMX
Compare and contrast key facts about American Century Investments One Choice 2045 Portfolio (AROIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
AROIX is managed by American Century. It was launched on Aug 30, 2004. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
AROIX vs. FRAMX - Performance Comparison
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AROIX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AROIX American Century Investments One Choice 2045 Portfolio | -3.39% | 14.11% | 10.43% | 14.33% | -17.05% | 12.30% | 16.40% | 22.68% | -4.65% | 15.45% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, AROIX achieves a -3.39% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, AROIX has outperformed FRAMX with an annualized return of 8.04%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
AROIX
- 1D
- -0.06%
- 1M
- -7.01%
- YTD
- -3.39%
- 6M
- -1.52%
- 1Y
- 10.75%
- 3Y*
- 9.64%
- 5Y*
- 4.69%
- 10Y*
- 8.04%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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AROIX vs. FRAMX - Expense Ratio Comparison
AROIX has a 0.86% expense ratio, which is higher than FRAMX's 0.70% expense ratio.
Return for Risk
AROIX vs. FRAMX — Risk / Return Rank
AROIX
FRAMX
AROIX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice 2045 Portfolio (AROIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| AROIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.50 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.39 | 2.09 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.00 | -0.84 |
Martin ratioReturn relative to average drawdown | 5.10 | 8.06 | -2.96 |
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
| AROIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.50 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.41 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.82 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.49 | +0.02 |
Correlation
The correlation between AROIX and FRAMX is 0.88, 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
AROIX vs. FRAMX - Dividend Comparison
AROIX's dividend yield for the trailing twelve months is around 12.58%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AROIX American Century Investments One Choice 2045 Portfolio | 12.58% | 12.16% | 4.90% | 2.20% | 5.83% | 7.55% | 6.26% | 9.02% | 11.33% | 1.59% | 4.04% | 8.02% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
AROIX vs. FRAMX - Drawdown Comparison
The maximum AROIX drawdown since its inception was -48.96%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for AROIX and FRAMX.
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Drawdown Indicators
| AROIX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.96% | -33.94% | -15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -3.45% | -4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -16.31% | -8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -27.72% | -16.31% | -11.41% |
Current DrawdownCurrent decline from peak | -7.27% | -3.20% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -3.87% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.86% | +1.05% |
Volatility
AROIX vs. FRAMX - Volatility Comparison
American Century Investments One Choice 2045 Portfolio (AROIX) has a higher volatility of 3.71% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that AROIX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AROIX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 1.96% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 2.86% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 4.59% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.59% | 5.21% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.60% | 4.47% | +8.13% |