Correlation
The correlation between FIRMX and VTINX 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.
FIRMX vs. VTINX
Compare and contrast key facts about Fidelity Managed Retirement Income Fund (FIRMX) and Vanguard Target Retirement Income Fund (VTINX).
FIRMX is managed by Blackrock. It was launched on Aug 30, 2007. VTINX is managed by Vanguard. It was launched on Oct 27, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIRMX or VTINX.
Performance
FIRMX vs. VTINX - Performance Comparison
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Key characteristics
FIRMX:
1.46
VTINX:
0.98
FIRMX:
1.87
VTINX:
1.15
FIRMX:
1.24
VTINX:
1.17
FIRMX:
1.33
VTINX:
0.56
FIRMX:
5.32
VTINX:
2.25
FIRMX:
1.21%
VTINX:
2.35%
FIRMX:
5.00%
VTINX:
6.28%
FIRMX:
-33.72%
VTINX:
-21.75%
FIRMX:
-0.02%
VTINX:
-3.93%
Returns By Period
The year-to-date returns for both investments are quite close, with FIRMX having a 3.51% return and VTINX slightly higher at 3.59%. Over the past 10 years, FIRMX has outperformed VTINX with an annualized return of 3.21%, while VTINX has yielded a comparatively lower 2.74% annualized return.
FIRMX
3.51%
0.72%
2.22%
7.23%
3.47%
2.80%
3.21%
VTINX
3.59%
1.28%
-0.66%
5.84%
3.70%
1.91%
2.74%
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FIRMX vs. VTINX - Expense Ratio Comparison
FIRMX has a 0.45% expense ratio, which is higher than VTINX's 0.08% expense ratio.
Risk-Adjusted Performance
FIRMX vs. VTINX — Risk-Adjusted Performance Rank
FIRMX
VTINX
FIRMX vs. VTINX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund (FIRMX) and Vanguard Target Retirement Income Fund (VTINX). 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. VTINX - Dividend Comparison
FIRMX's dividend yield for the trailing twelve months is around 2.95%, less than VTINX's 5.84% 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% |
VTINX Vanguard Target Retirement Income Fund | 5.84% | 5.89% | 4.01% | 3.08% | 8.63% | 3.42% | 2.62% | 4.19% | 2.51% | 2.27% | 3.53% | 2.16% |
Drawdowns
FIRMX vs. VTINX - Drawdown Comparison
The maximum FIRMX drawdown since its inception was -33.72%, which is greater than VTINX's maximum drawdown of -21.75%. Use the drawdown chart below to compare losses from any high point for FIRMX and VTINX.
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Volatility
FIRMX vs. VTINX - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund (FIRMX) is 1.10%, while Vanguard Target Retirement Income Fund (VTINX) has a volatility of 1.38%. This indicates that FIRMX experiences smaller price fluctuations and is considered to be less risky than VTINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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