FARFX vs. FIRMX
FARFX (Fidelity Advisor Managed Retirement 2025 Fund Class A) and FIRMX (Fidelity Managed Retirement Income Fund) are both Target Retirement Date funds from BlackRock. With a 0.95 correlation, they move nearly in lockstep. FARFX charges 0.73%/yr vs 0.45%/yr for FIRMX.
Performance
FARFX vs. FIRMX - Performance Comparison
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Returns By Period
FARFX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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- ALL TIME*
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FIRMX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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- ALL TIME*
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FARFX vs. FIRMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FARFX Fidelity Advisor Managed Retirement 2025 Fund Class A | 4.40% | 13.15% | 6.30% | 11.55% | -15.86% | 7.73% | 12.80% | 17.23% | -5.29% | 13.98% |
FIRMX Fidelity Managed Retirement Income Fund | 3.60% | 9.95% | 4.29% | 8.07% | -11.66% | 2.77% | 8.57% | 10.57% | -1.80% | 7.08% |
Correlation
The correlation between FARFX and FIRMX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007 | 0.95 |
The correlation between FARFX and FIRMX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
FARFX vs. FIRMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2025 Fund Class A (FARFX) and Fidelity Managed Retirement Income Fund (FIRMX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
FARFX vs. FIRMX - Drawdown Comparison
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Volatility
FARFX vs. FIRMX - Volatility Comparison
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FARFX vs. FIRMX - Expense Ratio Comparison
FARFX has a 0.73% expense ratio, which is higher than FIRMX's 0.45% expense ratio.
Dividends
FARFX vs. FIRMX - Dividend Comparison
FARFX's dividend yield for the trailing twelve months is around 3.35%, more than FIRMX's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FARFX Fidelity Advisor Managed Retirement 2025 Fund Class A | 3.35% | 2.43% | 2.35% | 2.21% | 4.50% | 4.96% | 3.36% | 3.64% | 6.83% | 24.58% | 2.20% | 4.23% |
FIRMX Fidelity Managed Retirement Income Fund | 3.12% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
Frequently Asked Questions
With a correlation of 0.95, FARFX and FIRMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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