FIRFX vs. VTCLX
FIRFX (Fidelity Advisor Managed Retirement 2025 Fund Class I) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - FIRFX is a Target Retirement Date fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund managed by BlackRock. Over the past 10 years, FIRFX returned 6.98%/yr vs 15.38%/yr for VTCLX. Their correlation of 0.92 suggests significant overlap in exposure. FIRFX charges 0.48%/yr vs 0.09%/yr for VTCLX.
Performance
FIRFX vs. VTCLX - Performance Comparison
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Returns By Period
In the year-to-date period, FIRFX achieves a 6.10% return, which is significantly lower than VTCLX's 10.53% return. Over the past 10 years, FIRFX has underperformed VTCLX with an annualized return of 6.98%, while VTCLX has yielded a comparatively higher 15.38% annualized return.
FIRFX
- 1D
- -0.37%
- 1M
- 1.65%
- YTD
- 6.10%
- 6M
- 6.59%
- 1Y
- 14.67%
- 3Y*
- 10.71%
- 5Y*
- 4.31%
- 10Y*
- 6.98%
VTCLX
- 1D
- -0.70%
- 1M
- 4.04%
- YTD
- 10.53%
- 6M
- 10.36%
- 1Y
- 27.36%
- 3Y*
- 21.92%
- 5Y*
- 13.10%
- 10Y*
- 15.38%
FIRFX vs. VTCLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I | 6.10% | 13.43% | 6.55% | 11.83% | -15.66% | 8.02% | 13.09% | 17.53% | -5.07% | 14.27% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 10.53% | 17.44% | 23.76% | 26.62% | -19.07% | 26.87% | 21.08% | 31.47% | -4.98% | 22.40% |
Correlation
The correlation between FIRFX and VTCLX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.92 |
The correlation between FIRFX and VTCLX shifts across timeframes, from 0.82 (3 years) to 0.92 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FIRFX vs. VTCLX — Risk / Return Rank
FIRFX
VTCLX
FIRFX vs. VTCLX - 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 Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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 | VTCLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.41 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.13 | -0.14 |
| Martin ratioReturn relative to average drawdown | 12.99 | 14.54 | -1.55 |
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 | VTCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.29 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.76 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.84 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.53 | -0.01 |
Drawdowns
FIRFX vs. VTCLX - Drawdown Comparison
The maximum FIRFX drawdown since its inception was -41.29%, smaller than the maximum VTCLX drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for FIRFX and VTCLX.
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Drawdown Indicators
| FIRFX | VTCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.29% | -55.18% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -8.79% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -7.25% | -19.01% | +11.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.56% | -24.98% | +3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -21.56% | -34.56% | +13.00% |
Current DrawdownCurrent decline from peak | -0.37% | -0.70% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -7.56% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.89% | -0.72% |
Volatility
FIRFX vs. VTCLX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX) is 2.39%, while Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX) has a volatility of 2.95%. This indicates that FIRFX experiences smaller price fluctuations and is considered to be less risky than VTCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRFX | VTCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 2.95% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 9.10% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 12.03% | -5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.18% | 17.22% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.36% | 18.27% | -9.91% |
FIRFX vs. VTCLX - Expense Ratio Comparison
FIRFX has a 0.48% expense ratio, which is higher than VTCLX's 0.09% expense ratio.
Dividends
FIRFX vs. VTCLX - Dividend Comparison
FIRFX's dividend yield for the trailing twelve months is around 3.72%, more than VTCLX's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I | 3.72% | 2.66% | 2.56% | 2.43% | 4.63% | 5.08% | 3.57% | 3.80% | 7.10% | 24.68% | 2.44% | 4.49% |
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares | 0.85% | 0.93% | 1.04% | 1.24% | 1.47% | 1.04% | 1.32% | 1.52% | 1.83% | 1.57% | 1.76% | 1.69% |
Frequently Asked Questions
FIRFX and VTCLX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTCLX has higher volatility (2.95%) compared to FIRFX (2.39%). In terms of maximum drawdown, FIRFX dropped -41.29% vs VTCLX's -55.18%.
FIRFX currently has the higher Sharpe Ratio (2.40 vs 2.29), 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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