DRIJX vs. FRIMX
Compare and contrast key facts about Dimensional 2050 Target Date Retirement Income Fund (DRIJX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
DRIJX is managed by Dimensional. It was launched on Nov 1, 2015. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
DRIJX vs. FRIMX - Performance Comparison
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DRIJX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIJX Dimensional 2050 Target Date Retirement Income Fund | -1.13% | 19.64% | 17.05% | 21.37% | -15.25% | 21.63% | 14.09% | 25.59% | -9.14% | 21.76% |
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, DRIJX achieves a -1.13% return, which is significantly lower than FRIMX's 0.24% return. Over the past 10 years, DRIJX has outperformed FRIMX with an annualized return of 11.47%, while FRIMX has yielded a comparatively lower 4.00% annualized return.
DRIJX
- 1D
- 2.48%
- 1M
- -4.99%
- YTD
- -1.13%
- 6M
- 1.57%
- 1Y
- 19.55%
- 3Y*
- 16.43%
- 5Y*
- 9.98%
- 10Y*
- 11.47%
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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DRIJX vs. FRIMX - Expense Ratio Comparison
DRIJX has a 0.22% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Return for Risk
DRIJX vs. FRIMX — Risk / Return Rank
DRIJX
FRIMX
DRIJX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2050 Target Date Retirement Income Fund (DRIJX) 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.
| DRIJX | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.70 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.98 | 2.38 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.31 | -0.71 |
Martin ratioReturn relative to average drawdown | 7.82 | 9.18 | -1.37 |
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
| DRIJX | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.70 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.47 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.90 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.53 | +0.20 |
Correlation
The correlation between DRIJX and FRIMX is 0.71, 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
DRIJX vs. FRIMX - Dividend Comparison
DRIJX's dividend yield for the trailing twelve months is around 2.56%, less than FRIMX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIJX Dimensional 2050 Target Date Retirement Income Fund | 2.56% | 2.49% | 2.53% | 3.40% | 3.98% | 2.87% | 4.15% | 2.18% | 2.29% | 1.25% | 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
DRIJX vs. FRIMX - Drawdown Comparison
The maximum DRIJX drawdown since its inception was -33.55%, roughly equal to the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for DRIJX and FRIMX.
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Drawdown Indicators
| DRIJX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.55% | -33.73% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -3.44% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -16.12% | -7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.55% | -16.12% | -17.43% |
Current DrawdownCurrent decline from peak | -5.84% | -2.46% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -3.74% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.86% | +1.46% |
Volatility
DRIJX vs. FRIMX - Volatility Comparison
Dimensional 2050 Target Date Retirement Income Fund (DRIJX) has a higher volatility of 5.03% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 2.13%. This indicates that DRIJX'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
| DRIJX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 2.13% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 2.95% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 4.64% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 5.23% | +9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 4.48% | +11.14% |