FIRMX vs. ASFYX
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).
FIRMX is managed by BlackRock. It was launched on Aug 30, 2007. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.
Performance
FIRMX vs. ASFYX - Performance Comparison
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FIRMX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | -0.50% | 9.95% | 4.29% | 8.07% | -11.66% | 2.77% | 8.57% | 10.57% | -1.80% | 7.08% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 6.59% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | 8.99% | -12.59% | 6.78% |
Returns By Period
In the year-to-date period, FIRMX achieves a -0.50% return, which is significantly lower than ASFYX's 6.59% return. Over the past 10 years, FIRMX has outperformed ASFYX with an annualized return of 3.92%, while ASFYX has yielded a comparatively lower 1.87% annualized return.
FIRMX
- 1D
- 0.27%
- 1M
- -3.18%
- YTD
- -0.50%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.41%
- 10Y*
- 3.92%
ASFYX
- 1D
- 0.00%
- 1M
- -1.55%
- YTD
- 6.59%
- 6M
- 10.95%
- 1Y
- 3.41%
- 3Y*
- -2.89%
- 5Y*
- 2.30%
- 10Y*
- 1.87%
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FIRMX vs. ASFYX - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is lower than ASFYX's 1.47% expense ratio.
Return for Risk
FIRMX vs. ASFYX — Risk / Return Rank
FIRMX
ASFYX
FIRMX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.
| FIRMX | ASFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 0.18 | +1.39 |
Sortino ratioReturn per unit of downside risk | 2.17 | 0.30 | +1.87 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.04 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 0.10 | +1.98 |
Martin ratioReturn relative to average drawdown | 8.41 | 0.16 | +8.25 |
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
| FIRMX | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.18 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.17 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.15 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.31 | +0.22 |
Correlation
The correlation between FIRMX and ASFYX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FIRMX vs. ASFYX - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 3.16%, more than ASFYX's 1.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 3.16% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.43% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
Drawdowns
FIRMX vs. ASFYX - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.73%, smaller than the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for FIRMX and ASFYX.
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Drawdown Indicators
| FIRMX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -36.43% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -13.51% | +10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -36.43% | +20.32% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -36.43% | +20.32% |
Current DrawdownCurrent decline from peak | -3.18% | -24.37% | +21.19% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -13.09% | +9.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 8.72% | -7.87% |
Volatility
FIRMX vs. ASFYX - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.96%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.86%. This indicates that FIRMX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRMX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 3.86% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 10.01% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 13.02% | -8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 13.68% | -8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 12.68% | -8.21% |