FLRLX vs. FRIMX
Compare and contrast key facts about Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
FLRLX is managed by Franklin Templeton. It was launched on Jul 31, 2006. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FLRLX vs. FRIMX - Performance Comparison
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FLRLX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | -1.82% | 20.46% | 14.99% | 18.90% | -17.36% | 17.28% | 16.02% | 22.52% | -7.14% | 19.04% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 0.24% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Returns By Period
In the year-to-date period, FLRLX achieves a -1.82% return, which is significantly lower than FRIMX's 0.24% return. Over the past 10 years, FLRLX has outperformed FRIMX with an annualized return of 9.96%, while FRIMX has yielded a comparatively lower 4.00% annualized return.
FLRLX
- 1D
- 2.61%
- 1M
- -5.36%
- YTD
- -1.82%
- 6M
- 0.87%
- 1Y
- 18.12%
- 3Y*
- 14.98%
- 5Y*
- 8.15%
- 10Y*
- 9.96%
FRIMX
- 1D
- 0.75%
- 1M
- -2.07%
- YTD
- 0.24%
- 6M
- 1.30%
- 1Y
- 7.57%
- 3Y*
- 6.23%
- 5Y*
- 2.46%
- 10Y*
- 4.00%
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FLRLX vs. FRIMX - Expense Ratio Comparison
FLRLX has a 0.25% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Return for Risk
FLRLX vs. FRIMX — Risk / Return Rank
FLRLX
FRIMX
FLRLX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) 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.
| FLRLX | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.70 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.38 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.31 | -0.56 |
Martin ratioReturn relative to average drawdown | 8.07 | 9.18 | -1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLRLX | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.70 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.47 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.90 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.53 | 0.00 |
Correlation
The correlation between FLRLX and FRIMX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLRLX vs. FRIMX - Dividend Comparison
FLRLX's dividend yield for the trailing twelve months is around 6.86%, more than FRIMX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRLX Franklin LifeSmart 2045 Retirement Target Fund | 6.86% | 6.74% | 3.17% | 2.49% | 4.28% | 21.72% | 4.14% | 3.20% | 6.45% | 2.33% | 2.44% | 4.46% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.13% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Drawdowns
FLRLX vs. FRIMX - Drawdown Comparison
The maximum FLRLX drawdown since its inception was -36.66%, which is greater than FRIMX's maximum drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for FLRLX and FRIMX.
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Drawdown Indicators
| FLRLX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -33.73% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -3.44% | -7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -36.66% | -16.12% | -20.54% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | -16.12% | -20.54% |
Current DrawdownCurrent decline from peak | -6.54% | -2.46% | -4.08% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -3.74% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.86% | +1.45% |
Volatility
FLRLX vs. FRIMX - Volatility Comparison
Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) has a higher volatility of 5.55% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 2.13%. This indicates that FLRLX'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
| FLRLX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 2.13% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 2.95% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.78% | 4.64% | +10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 5.23% | +12.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 4.48% | +11.86% |