DRIHX vs. FRKMX
Compare and contrast key facts about Dimensional 2040 Target Date Retirement Income Fund (DRIHX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
DRIHX is managed by Dimensional. It was launched on Nov 1, 2015. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
DRIHX vs. FRKMX - Performance Comparison
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DRIHX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DRIHX Dimensional 2040 Target Date Retirement Income Fund | -1.15% | 14.48% | 11.11% | 16.06% | -16.20% | 16.54% | 12.73% | 8.17% |
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, DRIHX achieves a -1.15% return, which is significantly lower than FRKMX's 0.27% 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%
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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DRIHX vs. FRKMX - Expense Ratio Comparison
DRIHX has a 0.22% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
DRIHX vs. FRKMX — Risk / Return Rank
DRIHX
FRKMX
DRIHX vs. FRKMX - 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 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.
| DRIHX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.72 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.63 | 2.41 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.35 | -0.92 |
Martin ratioReturn relative to average drawdown | 6.31 | 9.34 | -3.03 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.72 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.49 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.71 | -0.02 |
Correlation
The correlation between DRIHX and FRKMX is 0.76, 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. FRKMX - Dividend Comparison
DRIHX's dividend yield for the trailing twelve months is around 5.09%, more than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
DRIHX vs. FRKMX - Drawdown Comparison
The maximum DRIHX drawdown since its inception was -27.96%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for DRIHX and FRKMX.
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Drawdown Indicators
| DRIHX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.96% | -16.04% | -11.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -3.42% | -5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.51% | -16.04% | -6.47% |
Max Drawdown (10Y)Largest decline over 10 years | -27.96% | — | — |
Current DrawdownCurrent decline from peak | -5.20% | -2.44% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -3.64% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.86% | +1.14% |
Volatility
DRIHX vs. FRKMX - Volatility Comparison
Dimensional 2040 Target Date Retirement Income Fund (DRIHX) has a higher volatility of 4.19% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that DRIHX'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
| DRIHX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 2.14% | +2.05% |
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% | 4.63% | +7.18% |
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% | 5.14% | +7.65% |