FIRMX vs. LIVIX
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and BlackRock LifePath Index 2055 Fund (LIVIX).
FIRMX is managed by BlackRock. It was launched on Aug 30, 2007. LIVIX is managed by BlackRock. It was launched on May 30, 2011.
Performance
FIRMX vs. LIVIX - Performance Comparison
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FIRMX vs. LIVIX - 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% |
LIVIX BlackRock LifePath Index 2055 Fund | -4.27% | 21.57% | 13.60% | 21.62% | -18.38% | 18.75% | 14.99% | 26.76% | -7.83% | 21.38% |
Returns By Period
In the year-to-date period, FIRMX achieves a -0.50% return, which is significantly higher than LIVIX's -4.27% return. Over the past 10 years, FIRMX has underperformed LIVIX with an annualized return of 3.92%, while LIVIX has yielded a comparatively higher 10.44% 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%
LIVIX
- 1D
- -0.26%
- 1M
- -8.84%
- YTD
- -4.27%
- 6M
- -1.37%
- 1Y
- 17.75%
- 3Y*
- 14.56%
- 5Y*
- 8.15%
- 10Y*
- 10.44%
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FIRMX vs. LIVIX - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is higher than LIVIX's 0.10% expense ratio.
Return for Risk
FIRMX vs. LIVIX — Risk / Return Rank
FIRMX
LIVIX
FIRMX vs. LIVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and BlackRock LifePath Index 2055 Fund (LIVIX). 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 | LIVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.06 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.58 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.34 | +0.74 |
Martin ratioReturn relative to average drawdown | 8.41 | 6.36 | +2.06 |
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 | LIVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.06 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.52 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.63 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.57 | -0.05 |
Correlation
The correlation between FIRMX and LIVIX is 0.81, 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
FIRMX vs. LIVIX - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 3.16%, more than LIVIX's 2.59% 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% |
LIVIX BlackRock LifePath Index 2055 Fund | 2.59% | 2.48% | 0.01% | 2.04% | 1.96% | 2.04% | 1.56% | 2.95% | 2.35% | 2.27% | 1.54% | 2.88% |
Drawdowns
FIRMX vs. LIVIX - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.73%, roughly equal to the maximum LIVIX drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for FIRMX and LIVIX.
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Drawdown Indicators
| FIRMX | LIVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -34.44% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -11.82% | +8.38% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -26.45% | +10.34% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | -34.44% | +18.33% |
Current DrawdownCurrent decline from peak | -3.18% | -9.44% | +6.26% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -4.56% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.49% | -1.64% |
Volatility
FIRMX vs. LIVIX - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.96%, while BlackRock LifePath Index 2055 Fund (LIVIX) has a volatility of 5.26%. This indicates that FIRMX experiences smaller price fluctuations and is considered to be less risky than LIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRMX | LIVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 5.26% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 9.30% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 16.87% | -12.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 15.71% | -10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 16.64% | -12.17% |