Correlation
The correlation between FIRMX and FZROX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FIRMX vs. FZROX
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and Fidelity ZERO Total Market Index Fund (FZROX).
FIRMX is managed by Blackrock. It was launched on Aug 30, 2007. FZROX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIRMX or FZROX.
Performance
FIRMX vs. FZROX - Performance Comparison
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Key characteristics
FIRMX:
1.44
FZROX:
0.70
FIRMX:
1.97
FZROX:
1.00
FIRMX:
1.26
FZROX:
1.15
FIRMX:
1.41
FZROX:
0.64
FIRMX:
5.61
FZROX:
2.42
FIRMX:
1.21%
FZROX:
5.17%
FIRMX:
4.97%
FZROX:
20.15%
FIRMX:
-33.72%
FZROX:
-34.96%
FIRMX:
0.00%
FZROX:
-3.85%
Returns By Period
In the year-to-date period, FIRMX achieves a 3.62% return, which is significantly higher than FZROX's 0.59% return.
FIRMX
3.62%
0.93%
1.95%
6.77%
3.62%
2.82%
3.23%
FZROX
0.59%
5.78%
-2.40%
13.04%
13.86%
15.39%
N/A
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FIRMX vs. FZROX - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Risk-Adjusted Performance
FIRMX vs. FZROX — Risk-Adjusted Performance Rank
FIRMX
FZROX
FIRMX vs. FZROX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and Fidelity ZERO Total Market Index Fund (FZROX). 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.
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Dividends
FIRMX vs. FZROX - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 2.95%, more than FZROX's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 2.95% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% | 3.64% |
FZROX Fidelity ZERO Total Market Index Fund | 1.15% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIRMX vs. FZROX - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.72%, roughly equal to the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FIRMX and FZROX.
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Volatility
FIRMX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.11%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.99%. This indicates that FIRMX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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