FIXRX vs. DTDRX

Last updated Jul 14, 2026

FIXRX (Fidelity Managed Retirement 2025 Fund) and DTDRX (Dimensional 2065 Target Date Retirement Income Fund) are both Target Retirement Date funds. Their correlation of 0.88 suggests significant overlap in exposure. FIXRX charges 0.48%/yr vs 0.22%/yr for DTDRX.

Performance

FIXRX vs. DTDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2025 Fund (FIXRX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIXRX

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

DTDRX

• 1D: 0.41%
• 1M: 1.14%
• 6M: 9.16%
• YTD: 11.98%
• 1Y: 22.25%
• 3Y*: 18.88%
• 5Y*: 11.18%
• 10Y*: —

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

FIXRX vs. DTDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIXRX Fidelity Managed Retirement 2025 Fund	4.52%	13.42%	6.56%	11.83%	-15.65%	8.00%	13.10%	0.04%
DTDRX Dimensional 2065 Target Date Retirement Income Fund	11.98%	19.28%	17.13%	21.29%	-15.25%	20.99%	13.15%	0.00%

Correlation

The correlation between FIXRX and DTDRX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.88

The correlation between FIXRX and DTDRX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

FIXRX vs. DTDRX — Risk / Return Rank

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

FIXRX

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

DTDRX

DTDRX Risk / Return Rank: 78
DTDRX Sharpe Ratio Rank: 79
DTDRX Sortino Ratio Rank: 77
DTDRX Omega Ratio Rank: 75
DTDRX Calmar Ratio Rank: 78
DTDRX Martin Ratio Rank: 84

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.

FIXRX vs. DTDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2025 Fund (FIXRX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). 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.

	FIXRX	DTDRX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.04	—
Sortino ratio: Return per unit of downside risk	—	2.85	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	2.82	—
Martin ratio: Return relative to average drawdown	—	11.96	—

Drawdowns

Drawdown Indicators

	FIXRX	DTDRX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.33%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.47%	—
Current Drawdown Current decline from peak	—	-0.36%	—
Average Drawdown Average peak-to-trough decline	—	-5.04%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.95%	—

Volatility

Volatility by Period

	FIXRX	DTDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.83%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.97%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.11%	—

FIXRX vs. DTDRX - Expense Ratio Comparison

FIXRX has a 0.48% expense ratio, which is higher than DTDRX's 0.22% expense ratio.

Dividends

FIXRX vs. DTDRX - Dividend Comparison

FIXRX's dividend yield for the trailing twelve months is around 3.58%, more than DTDRX's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DTDRX Dimensional 2065 Target Date Retirement Income Fund	1.84%	1.31%	2.07%	1.94%	2.01%	1.53%	2.55%	0.00%	0.00%	0.00%	0.00%	0.00%
FIXRX Fidelity Managed Retirement 2025 Fund	3.58%	2.67%	2.59%	2.44%	4.74%	5.12%	3.58%	3.87%	7.10%	24.84%	2.44%	4.49%

Frequently Asked Questions

Can I hold both FIXRX and DTDRX in my portfolio?

FIXRX and DTDRX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.