FIXRX vs. FRQIX

Last updated Aug 1, 2026

FIXRX (Fidelity Managed Retirement 2025 Fund) and FRQIX (Fidelity Advisor Managed Retirement 2010 Fund Class I) are both Target Retirement Date funds from BlackRock. Their 0.98 correlation means they have historically moved very closely together. FIXRX charges 0.48%/yr vs 0.46%/yr for FRQIX.

Performance

FIXRX vs. FRQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2025 Fund (FIXRX) and Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIXRX

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

FRQIX

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

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

FIXRX vs. FRQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIXRX Fidelity Managed Retirement 2025 Fund	4.52%	13.42%	6.56%	11.83%	-15.65%	8.00%	13.10%	17.51%	-5.07%	14.27%
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I	3.60%	9.97%	4.48%	8.52%	-12.39%	3.82%	9.58%	12.63%	-2.84%	10.64%

Correlation

The correlation between FIXRX and FRQIX is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007	0.98

The correlation between FIXRX and FRQIX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

FIXRX vs. FRQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2025 Fund (FIXRX) and Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX). 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.

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

Drawdowns

Volatility

FIXRX vs. FRQIX - Expense Ratio Comparison

FIXRX has a 0.48% expense ratio, which is higher than FRQIX's 0.46% expense ratio.

Dividends

FIXRX vs. FRQIX - Dividend Comparison

FIXRX's dividend yield for the trailing twelve months is around 3.58%, more than FRQIX's 3.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIXRX Fidelity Managed Retirement 2025 Fund	3.36%	2.67%	2.59%	2.44%	4.74%	5.12%	3.58%	3.87%	7.10%	24.84%	2.44%	4.49%
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I	2.78%	3.14%	2.97%	2.75%	5.01%	6.00%	3.51%	3.14%	5.60%	16.32%	2.43%	4.08%

Frequently Asked Questions

Can I hold both FIXRX and FRQIX in my portfolio?

With a correlation of 0.95, FIXRX and FRQIX 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.