FARFX vs. WFSPX
FARFX (Fidelity Advisor Managed Retirement 2025 Fund Class A) and WFSPX (iShares S&P 500 Index Fund Class K) are both mutual funds - FARFX is a Target Retirement Date fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, FARFX returned 6.62%/yr vs 15.68%/yr for WFSPX. Their correlation of 0.91 suggests significant overlap in exposure. FARFX charges 0.73%/yr vs 0.03%/yr for WFSPX.
Performance
FARFX vs. WFSPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FARFX achieves a 4.40% return, which is significantly lower than WFSPX's 9.77% return. Over the past 10 years, FARFX has underperformed WFSPX with an annualized return of 6.62%, while WFSPX has yielded a comparatively higher 15.68% annualized return.
FARFX
- 1D
- 0.00%
- 1M
- -0.39%
- YTD
- 4.40%
- 6M
- 4.27%
- 1Y
- 12.30%
- 3Y*
- 9.39%
- 5Y*
- 3.94%
- 10Y*
- 6.62%
WFSPX
- 1D
- -0.36%
- 1M
- 0.10%
- YTD
- 9.77%
- 6M
- 8.77%
- 1Y
- 25.45%
- 3Y*
- 21.35%
- 5Y*
- 13.57%
- 10Y*
- 15.68%
FARFX vs. WFSPX - 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% |
WFSPX iShares S&P 500 Index Fund Class K | 9.77% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between FARFX and WFSPX is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007 | 0.91 |
The correlation between FARFX and WFSPX shifts across timeframes, from 0.80 (3 years) to 0.91 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FARFX vs. WFSPX — Risk / Return Rank
FARFX
WFSPX
FARFX vs. WFSPX - 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 iShares S&P 500 Index Fund Class K (WFSPX). 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.
| FARFX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 3.01 | -0.54 |
| Martin ratioReturn relative to average drawdown | 10.23 | 13.58 | -3.36 |
Loading charts...
Drawdowns
FARFX vs. WFSPX - Drawdown Comparison
The maximum FARFX drawdown since its inception was -41.46%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for FARFX and WFSPX.
Loading charts...
Drawdown Indicators
| FARFX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.46% | -58.21% | +16.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.13% | -8.90% | +3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -7.32% | -18.74% | +11.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.75% | -24.51% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -21.75% | -33.74% | +11.99% |
Current DrawdownCurrent decline from peak | -1.85% | -1.72% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -12.76% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.97% | -0.73% |
Volatility
FARFX vs. WFSPX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement 2025 Fund Class A (FARFX) is 2.17%, while iShares S&P 500 Index Fund Class K (WFSPX) has a volatility of 4.67%. This indicates that FARFX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FARFX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 4.67% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.49% | 9.83% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.52% | 12.49% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.20% | 16.97% | -8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.37% | 18.07% | -9.70% |
FARFX vs. WFSPX - Expense Ratio Comparison
FARFX has a 0.73% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
FARFX vs. WFSPX - Dividend Comparison
FARFX's dividend yield for the trailing twelve months is around 3.42%, more than WFSPX's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FARFX Fidelity Advisor Managed Retirement 2025 Fund Class A | 3.42% | 2.43% | 2.35% | 2.21% | 4.50% | 4.96% | 3.36% | 3.64% | 6.83% | 24.58% | 2.20% | 4.23% |
WFSPX iShares S&P 500 Index Fund Class K | 1.59% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
FARFX and WFSPX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFSPX has higher volatility (4.67%) compared to FARFX (2.17%). In terms of maximum drawdown, FARFX dropped -41.46% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (2.15 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FARFX and WFSPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer