FIRMX vs. PHTFX

Last updated Jul 17, 2026

FIRMX (Fidelity Managed Retirement Income Fund) and PHTFX (Principal LifeTime Hybrid Income Fund) are both Target Retirement Date funds. Their correlation of 0.87 suggests significant overlap in exposure. FIRMX charges 0.45%/yr vs 0.05%/yr for PHTFX.

Performance

FIRMX vs. PHTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement Income Fund (FIRMX) and Principal LifeTime Hybrid Income Fund (PHTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIRMX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PHTFX

• 1D: 0.18%
• 1M: -0.17%
• 6M: 3.16%
• YTD: 4.48%
• 1Y: 10.54%
• 3Y*: 8.99%
• 5Y*: 4.10%
• 10Y*: 4.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIRMX vs. PHTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIRMX Fidelity Managed Retirement Income Fund	3.60%	9.95%	4.29%	8.07%	-11.66%	2.77%	8.57%	10.57%	-1.80%	7.08%
PHTFX Principal LifeTime Hybrid Income Fund	4.48%	11.14%	7.52%	10.77%	-13.22%	5.13%	10.11%	11.82%	-2.75%	7.62%

Correlation

The correlation between FIRMX and PHTFX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.87

The correlation between FIRMX and PHTFX has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

Return for Risk

FIRMX vs. PHTFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIRMX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PHTFX

PHTFX Risk / Return Rank: 66
PHTFX Sharpe Ratio Rank: 61
PHTFX Sortino Ratio Rank: 63
PHTFX Omega Ratio Rank: 67
PHTFX Calmar Ratio Rank: 62
PHTFX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIRMX vs. PHTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and Principal LifeTime Hybrid Income Fund (PHTFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FIRMX	PHTFX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.81	—
Sortino ratio: Return per unit of downside risk	—	2.58	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.53	—
Martin ratio: Return relative to average drawdown	—	11.11	—

Drawdowns

Drawdown Indicators

	FIRMX	PHTFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.26%	—
Current Drawdown Current decline from peak	—	-0.35%	—
Average Drawdown Average peak-to-trough decline	—	-2.55%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	FIRMX	PHTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	5.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.91%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.20%	—

FIRMX vs. PHTFX - Expense Ratio Comparison

FIRMX has a 0.45% expense ratio, which is higher than PHTFX's 0.05% expense ratio.

Dividends

FIRMX vs. PHTFX - Dividend Comparison

FIRMX's dividend yield for the trailing twelve months is around 3.12%, less than PHTFX's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRMX Fidelity Managed Retirement Income Fund	3.12%	3.13%	3.02%	2.81%	4.54%	3.56%	2.48%	2.59%	4.65%	8.57%	1.67%	1.68%
PHTFX Principal LifeTime Hybrid Income Fund	4.35%	4.54%	3.34%	3.60%	5.20%	5.57%	4.92%	2.96%	2.07%	2.43%	1.41%	1.52%

Frequently Asked Questions

Can I hold both FIRMX and PHTFX in my portfolio?

FIRMX and PHTFX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.