FARVX vs. LTTIX
FARVX (Fidelity Advisor Managed Retirement 2020 Fund Class A) and LTTIX (MFS Lifetime 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, FARVX returned 6.14%/yr vs 6.24%/yr for LTTIX. With a 0.95 correlation, they move nearly in lockstep. FARVX charges 0.72%/yr vs 0.00%/yr for LTTIX.
Performance
FARVX vs. LTTIX - Performance Comparison
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Returns By Period
In the year-to-date period, FARVX achieves a 4.91% return, which is significantly higher than LTTIX's 2.74% return. Both investments have delivered pretty close results over the past 10 years, with FARVX having a 6.14% annualized return and LTTIX not far ahead at 6.24%.
FARVX
- 1D
- 0.00%
- 1M
- 0.76%
- YTD
- 4.91%
- 6M
- 5.01%
- 1Y
- 12.39%
- 3Y*
- 8.87%
- 5Y*
- 3.64%
- 10Y*
- 6.14%
LTTIX
- 1D
- 0.00%
- 1M
- 0.08%
- YTD
- 2.74%
- 6M
- 2.70%
- 1Y
- 8.28%
- 3Y*
- 8.33%
- 5Y*
- 3.72%
- 10Y*
- 6.24%
FARVX vs. LTTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FARVX Fidelity Advisor Managed Retirement 2020 Fund Class A | 4.91% | 11.99% | 5.60% | 10.44% | -14.84% | 6.49% | 11.79% | 15.89% | -4.69% | 13.04% |
LTTIX MFS Lifetime 2025 Fund | 2.74% | 9.29% | 6.73% | 10.36% | -12.36% | 8.61% | 10.61% | 17.82% | -3.97% | 13.16% |
Correlation
The correlation between FARVX and LTTIX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.95 |
The correlation between FARVX and LTTIX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
FARVX vs. LTTIX — Risk / Return Rank
FARVX
LTTIX
FARVX vs. LTTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2020 Fund Class A (FARVX) and MFS Lifetime 2025 Fund (LTTIX). 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.
| FARVX | LTTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.47 | +0.25 |
| Martin ratioReturn relative to average drawdown | 11.52 | 10.68 | +0.84 |
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Drawdowns
FARVX vs. LTTIX - Drawdown Comparison
The maximum FARVX drawdown since its inception was -40.78%, which is greater than LTTIX's maximum drawdown of -19.33%. Use the drawdown chart below to compare losses from any high point for FARVX and LTTIX.
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Drawdown Indicators
| FARVX | LTTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.78% | -19.33% | -21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -3.64% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -6.58% | -5.77% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -20.30% | -16.92% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -20.30% | -19.33% | -0.97% |
Current DrawdownCurrent decline from peak | -0.58% | -0.45% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -2.68% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.84% | +0.23% |
Volatility
FARVX vs. LTTIX - Volatility Comparison
Fidelity Advisor Managed Retirement 2020 Fund Class A (FARVX) has a higher volatility of 2.39% compared to MFS Lifetime 2025 Fund (LTTIX) at 1.34%. This indicates that FARVX's price experiences larger fluctuations and is considered to be riskier than LTTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FARVX | LTTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 1.34% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.99% | 3.32% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 4.18% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 6.37% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 7.24% | +0.20% |
FARVX vs. LTTIX - Expense Ratio Comparison
FARVX has a 0.72% expense ratio, which is higher than LTTIX's 0.00% expense ratio.
Dividends
FARVX vs. LTTIX - Dividend Comparison
FARVX's dividend yield for the trailing twelve months is around 2.62%, less than LTTIX's 11.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FARVX Fidelity Advisor Managed Retirement 2020 Fund Class A | 2.62% | 2.59% | 2.48% | 2.24% | 3.28% | 4.43% | 3.60% | 2.90% | 6.63% | 24.94% | 1.97% | 4.19% |
LTTIX MFS Lifetime 2025 Fund | 11.54% | 8.13% | 7.07% | 3.30% | 5.88% | 7.35% | 2.83% | 3.68% | 4.32% | 3.51% | 4.03% | 1.82% |
Frequently Asked Questions
With a correlation of 0.92, FARVX and LTTIX 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.
FARVX has higher volatility (2.39%) compared to LTTIX (1.34%). In terms of maximum drawdown, FARVX dropped -40.78% vs LTTIX's -19.33%.
LTTIX currently has the higher Sharpe Ratio (2.16 vs 2.10), 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.
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