FAPTX vs. FRQHX

Last updated Aug 1, 2026

FAPTX (American Funds 2025 Target Date Retirement Fund Class F-1) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds. Their correlation of 0.86 means they have usually moved in the same direction. FAPTX charges 0.67%/yr vs 0.26%/yr for FRQHX.

Performance

FAPTX vs. FRQHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds 2025 Target Date Retirement Fund Class F-1 (FAPTX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAPTX

• 1D: 0.54%
• 1M: -0.36%
• 6M: 2.97%
• YTD: 4.78%
• 1Y: 10.72%
• 3Y*: 10.59%
• 5Y*: 5.45%
• 10Y*: 7.58%
• ALL TIME*: 7.00%

FRQHX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAPTX American Funds 2025 Target Date Retirement Fund Class F-1	$0.00	$0.00	$0.00

FAPTX vs. FRQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FAPTX American Funds 2025 Target Date Retirement Fund Class F-1	4.78%	14.15%	8.89%	11.63%	-13.11%	11.03%	13.39%	5.64%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.71%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.80%	3.95%

Correlation

The correlation between FAPTX and FRQHX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.86

The correlation between FAPTX and FRQHX has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

FAPTX vs. FRQHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FAPTX

FAPTX Risk / Return Rank: 62
FAPTX Sharpe Ratio Rank: 65
FAPTX Sortino Ratio Rank: 65
FAPTX Omega Ratio Rank: 66
FAPTX Calmar Ratio Rank: 48
FAPTX Martin Ratio Rank: 64

FRQHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FAPTX vs. FRQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds 2025 Target Date Retirement Fund Class F-1 (FAPTX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FAPTX	FRQHX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	—	—
Sortino ratio: Return per unit of downside risk	2.33	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.93	—	—
Martin ratio: Return relative to average drawdown	8.48	—	—

Drawdowns

Drawdown Indicators

	FAPTX	FRQHX	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.23%	—	—
Current Drawdown Current decline from peak	-0.66%	—	—
Average Drawdown Average peak-to-trough decline	-2.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	—	—

Volatility

Volatility by Period

	FAPTX	FRQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.24%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	—	—

FAPTX vs. FRQHX - Expense Ratio Comparison

FAPTX has a 0.67% expense ratio, which is higher than FRQHX's 0.26% expense ratio.

Dividends

FAPTX vs. FRQHX - Dividend Comparison

FAPTX's dividend yield for the trailing twelve months is around 7.07%, more than FRQHX's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAPTX American Funds 2025 Target Date Retirement Fund Class F-1	7.07%	7.41%	5.22%	3.04%	3.96%	6.26%	3.63%	3.69%	4.08%	2.40%	3.30%	5.92%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	2.93%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAPTX and FRQHX in my portfolio?

FAPTX and FRQHX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.