FMRAX vs. FRAMX
Compare and contrast key facts about Fidelity Managed Retirement 2030 (FMRAX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
FMRAX is managed by BlackRock. It was launched on Aug 16, 2019. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
FMRAX vs. FRAMX - Performance Comparison
Loading graphics...
FMRAX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | -0.17% | 14.35% | 7.19% | 12.51% | -16.27% | 8.90% | 13.83% | 7.61% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 2.40% |
Returns By Period
In the year-to-date period, FMRAX achieves a -0.17% return, which is significantly lower than FRAMX's 0.18% return.
FMRAX
- 1D
- 1.55%
- 1M
- -3.55%
- YTD
- -0.17%
- 6M
- 1.54%
- 1Y
- 12.10%
- 3Y*
- 9.38%
- 5Y*
- 4.09%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMRAX vs. FRAMX - Expense Ratio Comparison
FMRAX has a 0.48% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
FMRAX vs. FRAMX — Risk / Return Rank
FMRAX
FRAMX
FMRAX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 (FMRAX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| FMRAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.64 | -0.18 |
Sortino ratioReturn per unit of downside risk | 2.07 | 2.30 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.22 | -0.22 |
Martin ratioReturn relative to average drawdown | 8.49 | 8.81 | -0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMRAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.64 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.42 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.50 | +0.17 |
Correlation
The correlation between FMRAX and FRAMX is 0.89, 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
FMRAX vs. FRAMX - Dividend Comparison
FMRAX's dividend yield for the trailing twelve months is around 2.60%, less than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | 2.60% | 2.57% | 2.50% | 2.39% | 4.02% | 4.74% | 3.01% | 1.60% | 0.00% | 0.00% | 0.00% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
FMRAX vs. FRAMX - Drawdown Comparison
The maximum FMRAX drawdown since its inception was -22.45%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for FMRAX and FRAMX.
Loading graphics...
Drawdown Indicators
| FMRAX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.45% | -33.94% | +11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -3.45% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | -16.31% | -6.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -4.07% | -2.47% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -3.86% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.87% | +0.61% |
Volatility
FMRAX vs. FRAMX - Volatility Comparison
Fidelity Managed Retirement 2030 (FMRAX) has a higher volatility of 3.69% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that FMRAX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FMRAX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 2.14% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 5.32% | 2.95% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 4.64% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 5.22% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.05% | 4.48% | +5.57% |