AROIX vs. FRKMX
Compare and contrast key facts about American Century Investments One Choice 2045 Portfolio (AROIX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
AROIX is managed by American Century. It was launched on Aug 30, 2004. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
AROIX vs. FRKMX - Performance Comparison
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AROIX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AROIX American Century Investments One Choice 2045 Portfolio | -1.53% | 14.11% | 10.43% | 14.33% | -17.05% | 12.30% | 16.40% | 6.67% |
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, AROIX achieves a -1.53% return, which is significantly lower than FRKMX's 0.27% return.
AROIX
- 1D
- 1.93%
- 1M
- -4.75%
- YTD
- -1.53%
- 6M
- 0.12%
- 1Y
- 12.63%
- 3Y*
- 10.34%
- 5Y*
- 4.89%
- 10Y*
- 8.25%
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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AROIX vs. FRKMX - Expense Ratio Comparison
AROIX has a 0.86% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
AROIX vs. FRKMX — Risk / Return Rank
AROIX
FRKMX
AROIX vs. FRKMX - 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 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.
| AROIX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.72 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.64 | 2.41 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.35 | -0.81 |
Martin ratioReturn relative to average drawdown | 6.65 | 9.34 | -2.69 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.72 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.49 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.71 | -0.19 |
Correlation
The correlation between AROIX and FRKMX is 0.75, 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. FRKMX - Dividend Comparison
AROIX's dividend yield for the trailing twelve months is around 12.35%, more than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AROIX American Century Investments One Choice 2045 Portfolio | 12.35% | 12.16% | 4.90% | 2.20% | 5.83% | 7.55% | 6.26% | 9.02% | 11.33% | 1.59% | 4.04% | 8.02% |
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
AROIX vs. FRKMX - Drawdown Comparison
The maximum AROIX drawdown since its inception was -48.96%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for AROIX and FRKMX.
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Drawdown Indicators
| AROIX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.96% | -16.04% | -32.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -3.42% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -16.04% | -8.30% |
Max Drawdown (10Y)Largest decline over 10 years | -27.72% | — | — |
Current DrawdownCurrent decline from peak | -5.48% | -2.44% | -3.04% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -3.64% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 0.86% | +1.08% |
Volatility
AROIX vs. FRKMX - Volatility Comparison
American Century Investments One Choice 2045 Portfolio (AROIX) has a higher volatility of 4.34% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that AROIX'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
| AROIX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 2.14% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.61% | 2.95% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 4.63% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.62% | 5.23% | +6.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.61% | 5.14% | +7.47% |