FARFX vs. FRKMX
Compare and contrast key facts about Fidelity Advisor Managed Retirement 2025 Fund Class A (FARFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FARFX is managed by BlackRock. It was launched on Dec 31, 2007. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FARFX vs. FRKMX - Performance Comparison
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FARFX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FARFX Fidelity Advisor Managed Retirement 2025 Fund Class A | -0.13% | 13.15% | 6.30% | 11.55% | -15.86% | 7.73% | 12.80% | 5.98% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, FARFX achieves a -0.13% return, which is significantly lower than FRKMX's 0.27% return.
FARFX
- 1D
- 1.34%
- 1M
- -3.23%
- YTD
- -0.13%
- 6M
- 1.39%
- 1Y
- 10.82%
- 3Y*
- 8.48%
- 5Y*
- 3.49%
- 10Y*
- 6.33%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
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FARFX vs. FRKMX - Expense Ratio Comparison
FARFX has a 0.73% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
FARFX vs. FRKMX — Risk / Return Rank
FARFX
FRKMX
FARFX vs. FRKMX - 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 Class K (FRKMX). 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.
| FARFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 1.72 | -0.26 |
Sortino ratioReturn per unit of downside risk | 2.07 | 2.41 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.35 | -0.36 |
Martin ratioReturn relative to average drawdown | 8.36 | 9.34 | -0.98 |
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
| FARFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.72 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.49 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.71 | -0.24 |
Correlation
The correlation between FARFX and FRKMX is 0.91, 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
FARFX vs. FRKMX - Dividend Comparison
FARFX's dividend yield for the trailing twelve months is around 2.45%, less than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FARFX Fidelity Advisor Managed Retirement 2025 Fund Class A | 2.45% | 2.43% | 2.35% | 2.21% | 4.50% | 4.96% | 3.36% | 3.64% | 6.83% | 24.58% | 2.20% | 4.23% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FARFX vs. FRKMX - Drawdown Comparison
The maximum FARFX drawdown since its inception was -41.46%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FARFX and FRKMX.
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Drawdown Indicators
| FARFX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.46% | -16.04% | -25.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -3.42% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -16.04% | -5.71% |
Max Drawdown (10Y)Largest decline over 10 years | -21.75% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -2.44% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -3.64% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.86% | +0.49% |
Volatility
FARFX vs. FRKMX - Volatility Comparison
Fidelity Advisor Managed Retirement 2025 Fund Class A (FARFX) has a higher volatility of 3.32% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that FARFX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FARFX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.14% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 2.95% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 4.63% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 5.23% | +2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 5.14% | +3.20% |