DRIWX vs. FRIMX
Compare and contrast key facts about Dimensional 2030 Target Date Retirement Income Fund (DRIWX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
DRIWX is managed by Dimensional. It was launched on Nov 1, 2015. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
DRIWX vs. FRIMX - Performance Comparison
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DRIWX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRIWX Dimensional 2030 Target Date Retirement Income Fund | -1.66% | 9.89% | 5.12% | 10.05% | -22.34% | 13.46% | 18.33% | 21.04% | -7.35% | 15.68% |
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, DRIWX achieves a -1.66% return, which is significantly lower than FRIMX's -0.51% return. Over the past 10 years, DRIWX has outperformed FRIMX with an annualized return of 5.87%, while FRIMX has yielded a comparatively lower 3.92% annualized return.
DRIWX
- 1D
- 0.67%
- 1M
- -5.04%
- YTD
- -1.66%
- 6M
- -1.03%
- 1Y
- 6.17%
- 3Y*
- 5.63%
- 5Y*
- 2.02%
- 10Y*
- 5.87%
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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DRIWX vs. FRIMX - Expense Ratio Comparison
DRIWX has a 0.20% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Return for Risk
DRIWX vs. FRIMX — Risk / Return Rank
DRIWX
FRIMX
DRIWX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional 2030 Target Date Retirement Income Fund (DRIWX) 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.
| DRIWX | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.56 | -0.81 |
Sortino ratioReturn per unit of downside risk | 1.08 | 2.17 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.08 | -1.11 |
Martin ratioReturn relative to average drawdown | 3.51 | 8.41 | -4.90 |
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
| DRIWX | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.56 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.46 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.88 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.53 | +0.08 |
Correlation
The correlation between DRIWX and FRIMX is 0.88, 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
DRIWX vs. FRIMX - Dividend Comparison
DRIWX's dividend yield for the trailing twelve months is around 7.09%, more than FRIMX's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRIWX Dimensional 2030 Target Date Retirement Income Fund | 7.09% | 6.89% | 6.04% | 4.10% | 6.63% | 5.81% | 3.93% | 2.39% | 2.45% | 1.33% | 1.40% | 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
DRIWX vs. FRIMX - Drawdown Comparison
The maximum DRIWX drawdown since its inception was -27.45%, smaller than the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for DRIWX and FRIMX.
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Drawdown Indicators
| DRIWX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.45% | -33.73% | +6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.48% | -3.44% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | -16.12% | -11.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.45% | -16.12% | -11.33% |
Current DrawdownCurrent decline from peak | -5.11% | -3.19% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -3.74% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.85% | +0.93% |
Volatility
DRIWX vs. FRIMX - Volatility Comparison
Dimensional 2030 Target Date Retirement Income Fund (DRIWX) has a higher volatility of 3.10% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.95%. This indicates that DRIWX'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
| DRIWX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 1.95% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 2.86% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.11% | 4.59% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 5.21% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | 4.47% | +5.62% |