DRIGX vs. FRAMX
Compare and contrast key facts about Dimensional 2035 Target Date Retirement Income Fund (DRIGX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
DRIGX is managed by Dimensional. It was launched on Nov 1, 2015. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
DRIGX vs. FRAMX - Performance Comparison
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DRIGX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIGX Dimensional 2035 Target Date Retirement Income Fund | -2.36% | 11.65% | 7.31% | 12.95% | -20.97% | 15.21% | 16.43% | 21.77% | -7.36% | 17.24% |
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, DRIGX achieves a -2.36% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, DRIGX has outperformed FRAMX with an annualized return of 6.99%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
DRIGX
- 1D
- 0.44%
- 1M
- -6.06%
- YTD
- -2.36%
- 6M
- -1.26%
- 1Y
- 8.12%
- 3Y*
- 7.54%
- 5Y*
- 3.42%
- 10Y*
- 6.99%
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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DRIGX vs. FRAMX - Expense Ratio Comparison
DRIGX has a 0.21% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
DRIGX vs. FRAMX — Risk / Return Rank
DRIGX
FRAMX
DRIGX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2035 Target Date Retirement Income Fund (DRIGX) 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.
| DRIGX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.50 | -0.68 |
Sortino ratioReturn per unit of downside risk | 1.20 | 2.09 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.00 | -1.03 |
Martin ratioReturn relative to average drawdown | 3.90 | 8.06 | -4.16 |
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
| DRIGX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.50 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.41 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.82 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.49 | +0.14 |
Correlation
The correlation between DRIGX and FRAMX is 0.86, 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
DRIGX vs. FRAMX - Dividend Comparison
DRIGX's dividend yield for the trailing twelve months is around 7.07%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIGX Dimensional 2035 Target Date Retirement Income Fund | 7.07% | 6.76% | 4.33% | 3.96% | 5.94% | 3.45% | 3.32% | 2.31% | 2.46% | 1.23% | 1.38% | 0.00% |
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
DRIGX vs. FRAMX - Drawdown Comparison
The maximum DRIGX drawdown since its inception was -26.73%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for DRIGX and FRAMX.
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Drawdown Indicators
| DRIGX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.73% | -33.94% | +7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -3.45% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.73% | -16.31% | -10.42% |
Max Drawdown (10Y)Largest decline over 10 years | -26.73% | -16.31% | -10.42% |
Current DrawdownCurrent decline from peak | -6.19% | -3.20% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -3.87% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 0.86% | +1.12% |
Volatility
DRIGX vs. FRAMX - Volatility Comparison
Dimensional 2035 Target Date Retirement Income Fund (DRIGX) has a higher volatility of 3.51% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that DRIGX'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
| DRIGX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 1.96% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 5.72% | 2.86% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.73% | 4.59% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 5.21% | +6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.09% | 4.47% | +6.62% |