FKRVX vs. FRHMX
FKRVX (Fidelity Managed Retirement 2020 Fund Class K) and FRHMX (Fidelity Managed Retirement Income Fund Class K6) are both Target Retirement Date funds from BlackRock. Their correlation of 0.93 suggests significant overlap in exposure. FKRVX charges 0.37%/yr vs 0.25%/yr for FRHMX.
Performance
FKRVX vs. FRHMX - Performance Comparison
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Returns By Period
FKRVX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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- ALL TIME*
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FRHMX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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- ALL TIME*
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FKRVX vs. FRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FKRVX Fidelity Managed Retirement 2020 Fund Class K | 5.08% | 12.24% | 5.97% | 10.84% | -14.55% | 6.87% | 12.20% | 5.51% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 3.17% |
Correlation
The correlation between FKRVX and FRHMX is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019 | 0.93 |
The correlation between FKRVX and FRHMX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
FKRVX vs. FRHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2020 Fund Class K (FKRVX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). 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.
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Drawdowns
FKRVX vs. FRHMX - Drawdown Comparison
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Volatility
FKRVX vs. FRHMX - Volatility Comparison
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FKRVX vs. FRHMX - Expense Ratio Comparison
FKRVX has a 0.37% expense ratio, which is higher than FRHMX's 0.25% expense ratio.
Dividends
FKRVX vs. FRHMX - Dividend Comparison
FKRVX's dividend yield for the trailing twelve months is around 2.88%, less than FRHMX's 102.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FKRVX Fidelity Managed Retirement 2020 Fund Class K | 2.88% | 2.82% | 2.85% | 2.68% | 3.63% | 4.70% | 3.82% | 2.81% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 102.92% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% |
Frequently Asked Questions
With a correlation of 0.97, FKRVX and FRHMX 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.
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