FCQTX vs. FRAMX
Compare and contrast key facts about American Funds 2065 Target Date Retirement Fund (FCQTX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FCQTX is managed by American Funds. It was launched on Mar 26, 2020. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FCQTX vs. FRAMX - Performance Comparison
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FCQTX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FCQTX American Funds 2065 Target Date Retirement Fund | -5.95% | 20.74% | 15.64% | 21.56% | -19.63% | 17.34% | 47.06% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 12.97% |
Returns By Period
In the year-to-date period, FCQTX achieves a -5.95% return, which is significantly lower than FRAMX's -0.57% return.
FCQTX
- 1D
- -0.42%
- 1M
- -9.36%
- YTD
- -5.95%
- 6M
- -2.92%
- 1Y
- 15.81%
- 3Y*
- 14.49%
- 5Y*
- 7.64%
- 10Y*
- —
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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FCQTX vs. FRAMX - Expense Ratio Comparison
FCQTX has a 0.01% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FCQTX vs. FRAMX — Risk / Return Rank
FCQTX
FRAMX
FCQTX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds 2065 Target Date Retirement Fund (FCQTX) 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.
| FCQTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.50 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.56 | 2.09 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.00 | -0.65 |
Martin ratioReturn relative to average drawdown | 5.87 | 8.06 | -2.19 |
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
| FCQTX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.50 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.41 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.49 | +0.45 |
Correlation
The correlation between FCQTX and FRAMX is 0.72, 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
FCQTX vs. FRAMX - Dividend Comparison
FCQTX's dividend yield for the trailing twelve months is around 4.96%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCQTX American Funds 2065 Target Date Retirement Fund | 4.96% | 4.67% | 2.80% | 1.99% | 3.96% | 1.54% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FCQTX vs. FRAMX - Drawdown Comparison
The maximum FCQTX drawdown since its inception was -27.34%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FCQTX and FRAMX.
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Drawdown Indicators
| FCQTX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -33.94% | +6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -3.45% | -6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -27.34% | -16.31% | -11.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -9.83% | -3.20% | -6.63% |
Average DrawdownAverage peak-to-trough decline | -6.02% | -3.87% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 0.86% | +1.48% |
Volatility
FCQTX vs. FRAMX - Volatility Comparison
American Funds 2065 Target Date Retirement Fund (FCQTX) has a higher volatility of 4.62% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that FCQTX'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
| FCQTX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 1.96% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 2.86% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 4.59% | +10.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 5.21% | +9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 4.47% | +10.58% |