FARSX vs. FRAMX
Compare and contrast key facts about Fidelity Advisor Managed Retirement 2015 Fund Class A (FARSX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FARSX is managed by BlackRock. It was launched on Aug 30, 2007. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FARSX vs. FRAMX - Performance Comparison
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FARSX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FARSX Fidelity Advisor Managed Retirement 2015 Fund Class A | -0.81% | 10.71% | 4.91% | 9.25% | -13.76% | 5.06% | 10.62% | 14.14% | -3.90% | 11.79% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, FARSX achieves a -0.81% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, FARSX has outperformed FRAMX with an annualized return of 5.08%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
FARSX
- 1D
- 0.23%
- 1M
- -3.72%
- YTD
- -0.81%
- 6M
- 0.54%
- 1Y
- 7.82%
- 3Y*
- 6.51%
- 5Y*
- 2.58%
- 10Y*
- 5.08%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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FARSX vs. FRAMX - Expense Ratio Comparison
FARSX has a 0.71% expense ratio, which is higher than FRAMX's 0.70% expense ratio.
Return for Risk
FARSX vs. FRAMX — Risk / Return Rank
FARSX
FRAMX
FARSX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2015 Fund Class A (FARSX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| FARSX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 1.50 | -0.07 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.09 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.00 | -0.07 |
Martin ratioReturn relative to average drawdown | 7.74 | 8.06 | -0.31 |
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
| FARSX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.50 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.41 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.82 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.49 | -0.02 |
Correlation
The correlation between FARSX and FRAMX is 0.98, 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
FARSX vs. FRAMX - Dividend Comparison
FARSX's dividend yield for the trailing twelve months is around 2.77%, less than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FARSX Fidelity Advisor Managed Retirement 2015 Fund Class A | 2.77% | 2.63% | 2.64% | 2.32% | 4.65% | 4.97% | 3.17% | 3.05% | 6.06% | 23.98% | 1.80% | 4.22% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FARSX vs. FRAMX - Drawdown Comparison
The maximum FARSX drawdown since its inception was -40.28%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FARSX and FRAMX.
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Drawdown Indicators
| FARSX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -33.94% | -6.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.03% | -3.45% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -16.31% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -16.31% | -2.44% |
Current DrawdownCurrent decline from peak | -3.72% | -3.20% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -3.87% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.86% | +0.14% |
Volatility
FARSX vs. FRAMX - Volatility Comparison
Fidelity Advisor Managed Retirement 2015 Fund Class A (FARSX) has a higher volatility of 2.26% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that FARSX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FARSX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 1.96% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 2.86% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 4.59% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 5.21% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 4.47% | +1.87% |