FCTDX vs. FMRAX

Last updated Apr 2, 2026

Compare and contrast key facts about Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) and Fidelity Managed Retirement 2030 (FMRAX).

FCTDX is managed by Fidelity. It was launched on Mar 20, 2018. FMRAX is managed by BlackRock. It was launched on Aug 16, 2019.

Performance

FCTDX vs. FMRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) and Fidelity Managed Retirement 2030 (FMRAX). The values are adjusted to include any dividend payments, if applicable.

FCTDX vs. FMRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCTDX Strategic Advisers Fidelity U.S. Total Stock Fund	-3.10%	15.63%	23.13%	26.72%	-17.93%	25.40%	22.20%	13.41%
FMRAX Fidelity Managed Retirement 2030	-1.69%	14.35%	7.19%	12.51%	-16.27%	8.90%	13.83%	7.61%

Returns By Period

In the year-to-date period, FCTDX achieves a -3.10% return, which is significantly lower than FMRAX's -1.69% return.

FCTDX

• 1D: 3.14%
• 1M: -5.31%
• YTD: -3.10%
• 6M: -0.36%
• 1Y: 16.76%
• 3Y*: 17.69%
• 5Y*: 10.54%
• 10Y*: —

FMRAX

• 1D: 0.08%
• 1M: -5.46%
• YTD: -1.69%
• 6M: 0.23%
• 1Y: 10.78%
• 3Y*: 8.82%
• 5Y*: 3.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCTDX vs. FMRAX - Expense Ratio Comparison

FCTDX has a 0.61% expense ratio, which is higher than FMRAX's 0.48% expense ratio.

FCTDX

Strategic Advisers Fidelity U.S. Total Stock Fund

FMRAX

Fidelity Managed Retirement 2030

Return for Risk

FCTDX vs. FMRAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCTDX

FCTDX Risk / Return Rank: 41
FCTDX Sharpe Ratio Rank: 52
FCTDX Sortino Ratio Rank: 61
FCTDX Omega Ratio Rank: 57
FCTDX Calmar Ratio Rank: 16
FCTDX Martin Ratio Rank: 17

FMRAX

FMRAX Risk / Return Rank: 73
FMRAX Sharpe Ratio Rank: 73
FMRAX Sortino Ratio Rank: 73
FMRAX Omega Ratio Rank: 72
FMRAX Calmar Ratio Rank: 71
FMRAX Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCTDX vs. FMRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) and Fidelity Managed Retirement 2030 (FMRAX). 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.

	FCTDX	FMRAX	Difference
Sharpe ratio Return per unit of total volatility	1.02	1.29	-0.27
Sortino ratio Return per unit of downside risk	1.62	1.82	-0.20
Omega ratio Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio Return relative to maximum drawdown	0.50	1.63	-1.14
Martin ratio Return relative to average drawdown	1.88	7.04	-5.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCTDX vs. FMRAX - Sharpe Ratio Comparison

The current FCTDX Sharpe Ratio is 1.02, which is comparable to the FMRAX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FCTDX and FMRAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FCTDX	FMRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.29	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.45	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.65	+0.04

Correlation

The correlation between FCTDX and FMRAX is 0.85, 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

FCTDX vs. FMRAX - Dividend Comparison

FCTDX's dividend yield for the trailing twelve months is around 1.96%, less than FMRAX's 2.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FCTDX Strategic Advisers Fidelity U.S. Total Stock Fund	1.96%	1.90%	4.33%	2.26%	5.75%	7.90%	2.73%	2.89%	2.38%
FMRAX Fidelity Managed Retirement 2030	2.64%	2.57%	2.50%	2.39%	4.02%	4.74%	3.01%	1.60%	0.00%

Drawdowns

FCTDX vs. FMRAX - Drawdown Comparison

The maximum FCTDX drawdown since its inception was -34.51%, which is greater than FMRAX's maximum drawdown of -22.45%. Use the drawdown chart below to compare losses from any high point for FCTDX and FMRAX.

Drawdown Indicators

	FCTDX	FMRAX	Difference
Max Drawdown Largest peak-to-trough decline	-34.51%	-22.45%	-12.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.99%	-6.30%	-5.69%
Max Drawdown (5Y) Largest decline over 5 years	-24.92%	-22.45%	-2.47%
Current Drawdown Current decline from peak	-6.11%	-5.53%	-0.58%
Average Drawdown Average peak-to-trough decline	-5.28%	-5.32%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.07%	1.46%	+3.61%

Volatility

FCTDX vs. FMRAX - Volatility Comparison

Strategic Advisers Fidelity U.S. Total Stock Fund (FCTDX) has a higher volatility of 5.58% compared to Fidelity Managed Retirement 2030 (FMRAX) at 3.23%. This indicates that FCTDX's price experiences larger fluctuations and is considered to be riskier than FMRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCTDX	FMRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	3.23%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	5.11%	+4.66%
Volatility (1Y) Calculated over the trailing 1-year period	19.96%	8.47%	+11.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.46%	8.77%	+8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	10.03%	+9.74%