Correlation
The correlation between FIRMX and VOO is 0.76, 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.
FIRMX vs. VOO
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and Vanguard S&P 500 ETF (VOO).
FIRMX is managed by Blackrock. It was launched on Aug 30, 2007. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIRMX or VOO.
Performance
FIRMX vs. VOO - Performance Comparison
Loading data...
Key characteristics
FIRMX:
1.46
VOO:
0.74
FIRMX:
1.87
VOO:
1.04
FIRMX:
1.24
VOO:
1.15
FIRMX:
1.33
VOO:
0.68
FIRMX:
5.32
VOO:
2.58
FIRMX:
1.21%
VOO:
4.93%
FIRMX:
5.00%
VOO:
19.54%
FIRMX:
-33.72%
VOO:
-33.99%
FIRMX:
-0.02%
VOO:
-3.55%
Returns By Period
In the year-to-date period, FIRMX achieves a 3.51% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, FIRMX has underperformed VOO with an annualized return of 3.21%, while VOO has yielded a comparatively higher 12.81% annualized return.
FIRMX
3.51%
0.72%
2.22%
7.23%
3.47%
2.80%
3.21%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIRMX vs. VOO - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FIRMX vs. VOO — Risk-Adjusted Performance Rank
FIRMX
VOO
FIRMX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and Vanguard S&P 500 ETF (VOO). 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.
Loading data...
Dividends
FIRMX vs. VOO - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 2.95%, more than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FIRMX vs. VOO - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.72%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FIRMX and VOO.
Loading data...
Volatility
FIRMX vs. VOO - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.10%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that FIRMX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...