FIRQX vs. FRIMX
FIRQX (Fidelity Managed Retirement 2010 Fund) and FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) are both Target Retirement Date funds from BlackRock. Over the past 10 years, FIRQX returned 5.03%/yr vs 4.19%/yr for FRIMX. With a 0.99 correlation, they move nearly in lockstep. FIRQX charges 0.46%/yr vs 0.45%/yr for FRIMX.
Performance
FIRQX vs. FRIMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FIRQX having a 3.60% return and FRIMX slightly lower at 3.59%. Over the past 10 years, FIRQX has outperformed FRIMX with an annualized return of 5.03%, while FRIMX has yielded a comparatively lower 4.19% annualized return.
FIRQX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.60%
- 6M
- 3.73%
- 1Y
- 9.40%
- 3Y*
- 7.27%
- 5Y*
- 2.79%
- 10Y*
- 5.03%
FRIMX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.59%
- 6M
- 3.72%
- 1Y
- 9.38%
- 3Y*
- 7.18%
- 5Y*
- 2.79%
- 10Y*
- 4.19%
FIRQX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIRQX Fidelity Managed Retirement 2010 Fund | 3.60% | 9.97% | 4.48% | 8.52% | -12.39% | 3.82% | 9.59% | 12.62% | -2.83% | 10.63% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.59% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Correlation
The correlation between FIRQX and FRIMX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007 | 0.99 |
The correlation between FIRQX and FRIMX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
FIRQX vs. FRIMX — Risk / Return Rank
FIRQX
FRIMX
FIRQX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund (FIRQX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX). 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.
| FIRQX | FRIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.74 | +0.04 |
| Martin ratioReturn relative to average drawdown | 11.64 | 11.47 | +0.17 |
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Drawdowns
FIRQX vs. FRIMX - Drawdown Comparison
The maximum FIRQX drawdown since its inception was -38.01%, which is greater than FRIMX's maximum drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for FIRQX and FRIMX.
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Drawdown Indicators
| FIRQX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.01% | -33.73% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -3.44% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.19% | -4.97% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -16.12% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -17.04% | -16.12% | -0.92% |
Current DrawdownCurrent decline from peak | -0.44% | -0.44% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -3.70% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.82% | 0.00% |
Volatility
FIRQX vs. FRIMX - Volatility Comparison
Fidelity Managed Retirement 2010 Fund (FIRQX) has a higher volatility of 2.05% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 1.77%. This indicates that FIRQX's price experiences larger fluctuations and is considered to be riskier than FRIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIRQX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 1.77% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 3.68% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 4.35% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 5.32% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 4.54% | +0.81% |
FIRQX vs. FRIMX - Expense Ratio Comparison
FIRQX has a 0.46% expense ratio, which is higher than FRIMX's 0.45% expense ratio.
Dividends
FIRQX vs. FRIMX - Dividend Comparison
FIRQX's dividend yield for the trailing twelve months is around 3.30%, more than FRIMX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRQX Fidelity Managed Retirement 2010 Fund | 3.30% | 3.14% | 2.95% | 2.75% | 5.01% | 6.00% | 3.50% | 3.15% | 5.59% | 16.31% | 2.43% | 4.08% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.24% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Frequently Asked Questions
With a correlation of 1.00, FIRQX and FRIMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FIRQX has higher volatility (2.05%) compared to FRIMX (1.77%). In terms of maximum drawdown, FIRQX dropped -38.01% vs FRIMX's -33.73%.
FIRQX currently has the higher Sharpe Ratio (2.19 vs 2.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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