DRIHX vs. FRIMX
Compare and contrast key facts about Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
DRIHX is managed by Dimensional. It was launched on Nov 1, 2015. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
DRIHX vs. FRIMX - Performance Comparison
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DRIHX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | -1.15% | 14.48% | 11.11% | 16.06% | -16.20% | 16.54% | 12.73% | 22.12% | -7.66% | 19.53% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 0.24% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Returns By Period
In the year-to-date period, DRIHX achieves a -1.15% return, which is significantly lower than FRIMX's 0.24% return. Over the past 10 years, DRIHX has outperformed FRIMX with an annualized return of 8.81%, while FRIMX has yielded a comparatively lower 4.00% annualized return.
DRIHX
- 1D
- 1.69%
- 1M
- -4.61%
- YTD
- -1.15%
- 6M
- 0.40%
- 1Y
- 12.70%
- 3Y*
- 11.26%
- 5Y*
- 6.17%
- 10Y*
- 8.81%
FRIMX
- 1D
- 0.75%
- 1M
- -2.07%
- YTD
- 0.24%
- 6M
- 1.30%
- 1Y
- 7.57%
- 3Y*
- 6.23%
- 5Y*
- 2.46%
- 10Y*
- 4.00%
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DRIHX vs. FRIMX - Expense Ratio Comparison
DRIHX has a 0.22% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Return for Risk
DRIHX vs. FRIMX — Risk / Return Rank
DRIHX
FRIMX
DRIHX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2040 Target Date Retirement Income Fund (DRIHX) 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.
| DRIHX | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.70 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.63 | 2.38 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.31 | -0.88 |
Martin ratioReturn relative to average drawdown | 6.31 | 9.18 | -2.88 |
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
| DRIHX | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.70 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.47 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.90 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.53 | +0.15 |
Correlation
The correlation between DRIHX and FRIMX is 0.78, 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
DRIHX vs. FRIMX - Dividend Comparison
DRIHX's dividend yield for the trailing twelve months is around 5.09%, more than FRIMX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | 5.09% | 5.15% | 3.42% | 3.71% | 4.43% | 2.58% | 3.05% | 2.24% | 2.34% | 1.22% | 1.40% | 0.00% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.13% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Drawdowns
DRIHX vs. FRIMX - Drawdown Comparison
The maximum DRIHX drawdown since its inception was -27.96%, smaller than the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for DRIHX and FRIMX.
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Drawdown Indicators
| DRIHX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.96% | -33.73% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -3.44% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.51% | -16.12% | -6.39% |
Max Drawdown (10Y)Largest decline over 10 years | -27.96% | -16.12% | -11.84% |
Current DrawdownCurrent decline from peak | -5.20% | -2.46% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -3.74% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.86% | +1.14% |
Volatility
DRIHX vs. FRIMX - Volatility Comparison
Dimensional 2040 Target Date Retirement Income Fund (DRIHX) has a higher volatility of 4.19% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 2.13%. This indicates that DRIHX's price experiences larger fluctuations and is considered to be riskier than FRIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIHX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 2.13% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 2.95% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 4.64% | +7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.60% | 5.23% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.79% | 4.48% | +8.31% |