FIRMX vs. PADLX
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and Putnam Retirement Advantage Maturity Fund (PADLX).
FIRMX is managed by BlackRock. It was launched on Aug 30, 2007. PADLX is managed by Putnam. It was launched on Dec 30, 2019.
Performance
FIRMX vs. PADLX - Performance Comparison
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FIRMX vs. PADLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 0.24% | 9.95% | 4.29% | 8.07% | -11.66% | 2.77% | 8.18% |
PADLX Putnam Retirement Advantage Maturity Fund | -0.28% | 10.83% | 8.34% | 11.01% | -12.54% | 2.93% | 7.84% |
Returns By Period
In the year-to-date period, FIRMX achieves a 0.24% return, which is significantly higher than PADLX's -0.28% return.
FIRMX
- 1D
- 0.74%
- 1M
- -2.07%
- YTD
- 0.24%
- 6M
- 1.29%
- 1Y
- 7.55%
- 3Y*
- 6.22%
- 5Y*
- 2.46%
- 10Y*
- 4.00%
PADLX
- 1D
- 0.55%
- 1M
- -2.39%
- YTD
- -0.28%
- 6M
- 1.83%
- 1Y
- 9.84%
- 3Y*
- 8.76%
- 5Y*
- 3.42%
- 10Y*
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FIRMX vs. PADLX - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is higher than PADLX's 0.22% expense ratio.
Return for Risk
FIRMX vs. PADLX — Risk / Return Rank
FIRMX
PADLX
FIRMX vs. PADLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and Putnam Retirement Advantage Maturity Fund (PADLX). 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 | PADLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.75 | -0.05 |
Sortino ratioReturn per unit of downside risk | 2.38 | 2.46 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.23 | +0.07 |
Martin ratioReturn relative to average drawdown | 9.15 | 9.78 | -0.63 |
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 | PADLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.75 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.52 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.55 | -0.02 |
Correlation
The correlation between FIRMX and PADLX is 0.88, 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. PADLX - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 3.14%, less than PADLX's 4.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 3.14% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
PADLX Putnam Retirement Advantage Maturity Fund | 4.74% | 5.03% | 3.71% | 2.91% | 1.01% | 1.45% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIRMX vs. PADLX - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.73%, which is greater than PADLX's maximum drawdown of -18.87%. Use the drawdown chart below to compare losses from any high point for FIRMX and PADLX.
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Drawdown Indicators
| FIRMX | PADLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -18.87% | -14.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -4.65% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.11% | -18.87% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -16.11% | — | — |
Current DrawdownCurrent decline from peak | -2.46% | -2.93% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -4.95% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.06% | -0.19% |
Volatility
FIRMX vs. PADLX - Volatility Comparison
Fidelity Managed Retirement Income Fund (FIRMX) and Putnam Retirement Advantage Maturity Fund (PADLX) have volatilities of 2.13% and 2.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRMX | PADLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 2.05% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.27% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 5.82% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 6.63% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 7.56% | -3.08% |