FIRFX vs. FRAMX
Compare and contrast key facts about Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FIRFX is managed by BlackRock. It was launched on Dec 31, 2007. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FIRFX vs. FRAMX - Performance Comparison
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FIRFX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I | -1.37% | 13.43% | 6.55% | 11.83% | -15.66% | 8.02% | 13.09% | 17.53% | -5.07% | 14.27% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, FIRFX achieves a -1.37% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, FIRFX has outperformed FRAMX with an annualized return of 6.45%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
FIRFX
- 1D
- 0.17%
- 1M
- -4.93%
- YTD
- -1.37%
- 6M
- 0.41%
- 1Y
- 10.02%
- 3Y*
- 8.27%
- 5Y*
- 3.65%
- 10Y*
- 6.45%
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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FIRFX vs. FRAMX - Expense Ratio Comparison
FIRFX has a 0.48% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FIRFX vs. FRAMX — Risk / Return Rank
FIRFX
FRAMX
FIRFX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX) 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.
| FIRFX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.50 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.09 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.00 | -0.28 |
Martin ratioReturn relative to average drawdown | 7.34 | 8.06 | -0.72 |
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
| FIRFX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.50 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.41 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.82 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.49 | -0.01 |
Correlation
The correlation between FIRFX and FRAMX is 0.95, 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
FIRFX vs. FRAMX - Dividend Comparison
FIRFX's dividend yield for the trailing twelve months is around 2.72%, less than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I | 2.72% | 2.66% | 2.56% | 2.43% | 4.63% | 5.08% | 3.57% | 3.80% | 7.10% | 24.68% | 2.44% | 4.49% |
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
FIRFX vs. FRAMX - Drawdown Comparison
The maximum FIRFX drawdown since its inception was -41.29%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FIRFX and FRAMX.
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Drawdown Indicators
| FIRFX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.29% | -33.94% | -7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.65% | -3.45% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.56% | -16.31% | -5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -21.56% | -16.31% | -5.25% |
Current DrawdownCurrent decline from peak | -4.95% | -3.20% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -3.87% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.86% | +0.46% |
Volatility
FIRFX vs. FRAMX - Volatility Comparison
Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX) has a higher volatility of 2.93% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that FIRFX'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
| FIRFX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 1.96% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 4.56% | 2.86% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.58% | 4.59% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 5.21% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 4.47% | +3.86% |