FIRVX vs. AABJX

Last updated Jul 17, 2026

FIRVX (Fidelity Managed Retirement 2020 Fund) and AABJX (American Century One Choice Blend+ 2025 Portfolio) are both Target Retirement Date funds. Their correlation of 0.93 suggests significant overlap in exposure. FIRVX charges 0.47%/yr vs 0.57%/yr for AABJX.

Performance

FIRVX vs. AABJX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2020 Fund (FIRVX) and American Century One Choice Blend+ 2025 Portfolio (AABJX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIRVX

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

AABJX

• 1D: 0.36%
• 1M: 0.27%
• 6M: 4.00%
• YTD: 5.37%
• 1Y: 11.88%
• 3Y*: 10.17%
• 5Y*: 4.73%
• 10Y*: —

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

FIRVX vs. AABJX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIRVX Fidelity Managed Retirement 2020 Fund	1,440,933.92%	12.25%	5.86%	10.72%	-14.63%	5.98%
AABJX American Century One Choice Blend+ 2025 Portfolio	5.37%	12.98%	7.64%	11.66%	-13.74%	6.67%

Correlation

The correlation between FIRVX and AABJX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021	0.93

The correlation between FIRVX and AABJX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

FIRVX vs. AABJX — Risk / Return Rank

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

FIRVX

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

AABJX

AABJX Risk / Return Rank: 70
AABJX Sharpe Ratio Rank: 73
AABJX Sortino Ratio Rank: 75
AABJX Omega Ratio Rank: 74
AABJX Calmar Ratio Rank: 59
AABJX Martin Ratio Rank: 70

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.

FIRVX vs. AABJX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2020 Fund (FIRVX) and American Century One Choice Blend+ 2025 Portfolio (AABJX). 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.

	FIRVX	AABJX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.87	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	10.62	—

Drawdowns

Drawdown Indicators

	FIRVX	AABJX	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.15%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.15%	—
Current Drawdown Current decline from peak	—	-0.18%	—
Average Drawdown Average peak-to-trough decline	—	-5.00%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.15%	—

Volatility

Volatility by Period

	FIRVX	AABJX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.24%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.56%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.39%	—

FIRVX vs. AABJX - Expense Ratio Comparison

FIRVX has a 0.47% expense ratio, which is lower than AABJX's 0.57% expense ratio.

Dividends

FIRVX vs. AABJX - Dividend Comparison

FIRVX's dividend yield for the trailing twelve months is around 102.77%, more than AABJX's 4.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AABJX American Century One Choice Blend+ 2025 Portfolio	4.42%	4.66%	3.91%	2.23%	3.04%	2.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIRVX Fidelity Managed Retirement 2020 Fund	102.77%	2.83%	2.74%	2.57%	3.52%	4.61%	3.74%	3.18%	6.90%	25.16%	2.28%	4.45%

Frequently Asked Questions

Can I hold both FIRVX and AABJX in my portfolio?

With a correlation of 0.92, FIRVX and AABJX 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.