ARYIX vs. FRIMX

Last updated Aug 2, 2026

ARYIX (American Century Investments One Choice 2035 Portfolio) and FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) are both Target Retirement Date funds. Their correlation of 0.90 means they have usually moved in the same direction. ARYIX charges 0.81%/yr vs 0.45%/yr for FRIMX.

Performance

ARYIX vs. FRIMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Investments One Choice 2035 Portfolio (ARYIX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARYIX

• 1D: 0.95%
• 1M: -0.06%
• 6M: 3.67%
• YTD: 5.47%
• 1Y: 11.48%
• 3Y*: 9.90%
• 5Y*: 4.60%
• 10Y*: 7.39%
• ALL TIME*: 7.15%

FRIMX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARYIX American Century Investments One Choice 2035 Portfolio	$0.00	$0.00	$0.00

ARYIX vs. FRIMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARYIX American Century Investments One Choice 2035 Portfolio	5.47%	12.27%	8.71%	12.88%	-15.65%	10.80%	13.85%	19.98%	-3.48%	12.69%
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I	3.59%	9.94%	4.30%	8.06%	-11.66%	2.78%	8.57%	10.57%	-1.82%	7.08%

Correlation

The correlation between ARYIX and FRIMX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007	0.90

The correlation between ARYIX and FRIMX shifts across timeframes, from 0.79 (10 years) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARYIX vs. FRIMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ARYIX

ARYIX Risk / Return Rank: 51
ARYIX Sharpe Ratio Rank: 53
ARYIX Sortino Ratio Rank: 54
ARYIX Omega Ratio Rank: 52
ARYIX Calmar Ratio Rank: 43
ARYIX Martin Ratio Rank: 54

FRIMX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARYIX vs. FRIMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Investments One Choice 2035 Portfolio (ARYIX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX). 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.

	ARYIX	FRIMX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	—	—
Sortino ratio: Return per unit of downside risk	2.09	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.77	—	—
Martin ratio: Return relative to average drawdown	7.55	—	—

Drawdowns

Drawdown Indicators

	ARYIX	FRIMX	Difference
Max Drawdown Largest peak-to-trough decline	-45.10%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.18%	—	—
Current Drawdown Current decline from peak	-0.53%	—	—
Average Drawdown Average peak-to-trough decline	-5.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	—	—

Volatility

Volatility by Period

	ARYIX	FRIMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.43%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.82%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.46%	—	—

ARYIX vs. FRIMX - Expense Ratio Comparison

ARYIX has a 0.81% expense ratio, which is higher than FRIMX's 0.45% expense ratio.

Dividends

ARYIX vs. FRIMX - Dividend Comparison

ARYIX's dividend yield for the trailing twelve months is around 10.46%, more than FRIMX's 3.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARYIX American Century Investments One Choice 2035 Portfolio	10.46%	11.03%	4.60%	2.68%	5.29%	7.37%	6.20%	8.10%	10.05%	1.42%	3.55%	7.45%
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I	2.80%	3.11%	3.01%	2.82%	4.52%	3.54%	2.41%	2.56%	4.67%	8.56%	1.67%	1.68%

Frequently Asked Questions

Can I hold both ARYIX and FRIMX in my portfolio?

ARYIX and FRIMX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.