FHRFX vs. FRQIX
FHRFX (Fidelity Managed Retirement 2025 Fund Class K6) and FRQIX (Fidelity Advisor Managed Retirement 2010 Fund Class I) are both Target Retirement Date funds from BlackRock. Their correlation of 0.95 means they have usually moved in the same direction. FHRFX charges 0.28%/yr vs 0.46%/yr for FRQIX.
Performance
FHRFX vs. FRQIX - Performance Comparison
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Returns By Period
FHRFX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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- ALL TIME*
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FRQIX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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- ALL TIME*
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FHRFX vs. FRQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FHRFX Fidelity Managed Retirement 2025 Fund Class K6 | 4.62% | 13.52% | 7.26% | 12.21% | -15.50% | 8.21% | 13.45% | 5.10% |
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.60% | 9.97% | 4.48% | 8.52% | -12.39% | 3.82% | 9.58% | 3.95% |
Correlation
The correlation between FHRFX and FRQIX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019 | 0.95 |
The correlation between FHRFX and FRQIX has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
FHRFX vs. FRQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2025 Fund Class K6 (FHRFX) and Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
FHRFX vs. FRQIX - Drawdown Comparison
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Volatility
FHRFX vs. FRQIX - Volatility Comparison
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FHRFX vs. FRQIX - Expense Ratio Comparison
FHRFX has a 0.28% expense ratio, which is lower than FRQIX's 0.46% expense ratio.
Dividends
FHRFX vs. FRQIX - Dividend Comparison
FHRFX's dividend yield for the trailing twelve months is around 3.73%, more than FRQIX's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHRFX Fidelity Managed Retirement 2025 Fund Class K6 | 3.50% | 2.79% | 3.26% | 2.80% | 4.93% | 5.33% | 3.81% | 2.64% | 0.00% | 0.00% | 0.00% | 0.00% |
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 2.78% | 3.14% | 2.97% | 2.75% | 5.01% | 6.00% | 3.51% | 3.14% | 5.60% | 16.32% | 2.43% | 4.08% |
Frequently Asked Questions
With a correlation of 0.95, FHRFX and FRQIX 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.
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