FARSX vs. FRKMX
Compare and contrast key facts about Fidelity Advisor Managed Retirement 2015 Fund Class A (FARSX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
FARSX is managed by BlackRock. It was launched on Aug 30, 2007. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
FARSX vs. FRKMX - Performance Comparison
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FARSX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FARSX Fidelity Advisor Managed Retirement 2015 Fund Class A | -0.81% | 10.71% | 4.91% | 9.25% | -13.76% | 5.06% | 10.62% | 4.60% |
FRKMX Fidelity Managed Retirement Income Fund Class K | -0.48% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, FARSX achieves a -0.81% return, which is significantly lower than FRKMX's -0.48% 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%
FRKMX
- 1D
- 0.26%
- 1M
- -3.17%
- YTD
- -0.48%
- 6M
- 0.79%
- 1Y
- 7.15%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
- —
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FARSX vs. FRKMX - Expense Ratio Comparison
FARSX has a 0.71% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
FARSX vs. FRKMX — Risk / Return Rank
FARSX
FRKMX
FARSX vs. FRKMX - 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 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.
| FARSX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 1.59 | -0.15 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.20 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.13 | -0.20 |
Martin ratioReturn relative to average drawdown | 7.74 | 8.58 | -0.84 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.59 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.48 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.69 | -0.21 |
Correlation
The correlation between FARSX and FRKMX is 0.96, 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. FRKMX - Dividend Comparison
FARSX's dividend yield for the trailing twelve months is around 2.77%, less than FRKMX's 3.27% 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% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.27% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FARSX vs. FRKMX - Drawdown Comparison
The maximum FARSX drawdown since its inception was -40.28%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FARSX and FRKMX.
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Drawdown Indicators
| FARSX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.28% | -16.04% | -24.24% |
Max Drawdown (1Y)Largest decline over 1 year | -4.03% | -3.42% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -16.04% | -2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | — | — |
Current DrawdownCurrent decline from peak | -3.72% | -3.17% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -3.64% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.85% | +0.15% |
Volatility
FARSX vs. FRKMX - Volatility Comparison
Fidelity Advisor Managed Retirement 2015 Fund Class A (FARSX) has a higher volatility of 2.26% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that FARSX'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
| FARSX | FRKMX | 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% | 4.58% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 5.22% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.34% | 5.13% | +1.21% |