DRILX vs. FRHMX
Compare and contrast key facts about Dimensional 2060 Target Date Retirement Income Fund (DRILX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX).
DRILX is managed by Dimensional. It was launched on Nov 1, 2015. FRHMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
DRILX vs. FRHMX - Performance Comparison
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DRILX vs. FRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DRILX Dimensional 2060 Target Date Retirement Income Fund | -3.79% | 19.66% | 17.10% | 21.37% | -15.28% | 21.08% | 14.10% | 9.55% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | -0.45% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 3.17% |
Returns By Period
In the year-to-date period, DRILX achieves a -3.79% return, which is significantly lower than FRHMX's -0.45% return.
DRILX
- 1D
- -0.34%
- 1M
- -8.01%
- YTD
- -3.79%
- 6M
- -0.76%
- 1Y
- 16.93%
- 3Y*
- 15.41%
- 5Y*
- 9.55%
- 10Y*
- 11.20%
FRHMX
- 1D
- 0.27%
- 1M
- -3.16%
- YTD
- -0.45%
- 6M
- 0.86%
- 1Y
- 7.28%
- 3Y*
- 6.13%
- 5Y*
- 2.58%
- 10Y*
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DRILX vs. FRHMX - Expense Ratio Comparison
DRILX has a 0.22% expense ratio, which is lower than FRHMX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
DRILX vs. FRHMX — Risk / Return Rank
DRILX
FRHMX
DRILX vs. FRHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2060 Target Date Retirement Income Fund (DRILX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). 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.
| DRILX | FRHMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.61 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.76 | 2.24 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.15 | -1.27 |
Martin ratioReturn relative to average drawdown | 4.07 | 8.71 | -4.64 |
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
| DRILX | FRHMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.61 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.50 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.71 | +0.01 |
Correlation
The correlation between DRILX and FRHMX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DRILX vs. FRHMX - Dividend Comparison
DRILX's dividend yield for the trailing twelve months is around 1.56%, less than FRHMX's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRILX Dimensional 2060 Target Date Retirement Income Fund | 1.56% | 1.47% | 2.40% | 3.26% | 3.97% | 2.25% | 2.11% | 2.12% | 2.25% | 0.91% | 1.96% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 3.39% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRILX vs. FRHMX - Drawdown Comparison
The maximum DRILX drawdown since its inception was -33.48%, which is greater than FRHMX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for DRILX and FRHMX.
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Drawdown Indicators
| DRILX | FRHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.48% | -15.96% | -17.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -3.42% | -7.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.50% | -15.96% | -7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.48% | — | — |
Current DrawdownCurrent decline from peak | -8.58% | -3.16% | -5.42% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -3.58% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.85% | +2.18% |
Volatility
DRILX vs. FRHMX - Volatility Comparison
Dimensional 2060 Target Date Retirement Income Fund (DRILX) has a higher volatility of 4.39% compared to Fidelity Managed Retirement Income Fund Class K6 (FRHMX) at 1.96%. This indicates that DRILX's price experiences larger fluctuations and is considered to be riskier than FRHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRILX | FRHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 1.96% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 2.86% | +5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 4.59% | +11.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 5.22% | +9.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 5.14% | +10.57% |