DRILX vs. FRIMX
Compare and contrast key facts about Dimensional 2060 Target Date Retirement Income Fund (DRILX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
DRILX is managed by Dimensional. It was launched on Nov 1, 2015. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
DRILX vs. FRIMX - Performance Comparison
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DRILX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRILX Dimensional 2060 Target Date Retirement Income Fund | -3.79% | 19.66% | 17.10% | 21.37% | -15.28% | 21.08% | 14.10% | 25.61% | -9.07% | 21.51% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | -0.51% | 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, DRILX achieves a -3.79% return, which is significantly lower than FRIMX's -0.51% return. Over the past 10 years, DRILX has outperformed FRIMX with an annualized return of 11.20%, while FRIMX has yielded a comparatively lower 3.92% annualized 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%
FRIMX
- 1D
- 0.26%
- 1M
- -3.19%
- YTD
- -0.51%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.40%
- 10Y*
- 3.92%
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DRILX vs. FRIMX - Expense Ratio Comparison
DRILX has a 0.22% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Return for Risk
DRILX vs. FRIMX — Risk / Return Rank
DRILX
FRIMX
DRILX vs. FRIMX - 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 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.
| DRILX | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.56 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.76 | 2.17 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.08 | -1.20 |
Martin ratioReturn relative to average drawdown | 4.07 | 8.41 | -4.34 |
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 | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.56 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.46 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.88 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.53 | +0.19 |
Correlation
The correlation between DRILX 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
DRILX vs. FRIMX - Dividend Comparison
DRILX's dividend yield for the trailing twelve months is around 1.56%, less than FRIMX's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.15% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Drawdowns
DRILX vs. FRIMX - Drawdown Comparison
The maximum DRILX drawdown since its inception was -33.48%, roughly equal to the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for DRILX and FRIMX.
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Drawdown Indicators
| DRILX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.48% | -33.73% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.21% | -3.44% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.50% | -16.12% | -7.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.48% | -16.12% | -17.36% |
Current DrawdownCurrent decline from peak | -8.58% | -3.19% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -3.74% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.85% | +2.18% |
Volatility
DRILX vs. FRIMX - Volatility Comparison
Dimensional 2060 Target Date Retirement Income Fund (DRILX) has a higher volatility of 4.39% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.95%. This indicates that DRILX'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
| DRILX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 1.95% | +2.44% |
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% | 5.21% | +9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 4.47% | +11.24% |