FMRAX vs. FRQHX
FMRAX (Fidelity Managed Retirement 2030) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds from BlackRock. Their correlation of 0.93 suggests significant overlap in exposure. FMRAX charges 0.48%/yr vs 0.26%/yr for FRQHX.
Performance
FMRAX vs. FRQHX - Performance Comparison
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Returns By Period
FMRAX
- 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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FRQHX
- 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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FMRAX vs. FRQHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | 4.99% | 14.35% | 7.19% | 12.51% | -16.27% | 8.90% | 13.83% | 7.61% |
FRQHX Fidelity Managed Retirement 2010 Fund Class K6 | 3.71% | 10.01% | 4.68% | 8.75% | -12.22% | 4.04% | 9.80% | 3.91% |
Correlation
The correlation between FMRAX and FRQHX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2019 | 0.93 |
The correlation between FMRAX and FRQHX has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
FMRAX vs. FRQHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 (FMRAX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). 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
FMRAX vs. FRQHX - Drawdown Comparison
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Volatility
FMRAX vs. FRQHX - Volatility Comparison
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FMRAX vs. FRQHX - Expense Ratio Comparison
FMRAX has a 0.48% expense ratio, which is higher than FRQHX's 0.26% expense ratio.
Dividends
FMRAX vs. FRQHX - Dividend Comparison
FMRAX's dividend yield for the trailing twelve months is around 2.66%, less than FRQHX's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FMRAX Fidelity Managed Retirement 2030 | 2.66% | 2.57% | 2.50% | 2.39% | 4.02% | 4.74% | 3.01% | 1.60% |
FRQHX Fidelity Managed Retirement 2010 Fund Class K6 | 3.25% | 3.20% | 3.20% | 2.95% | 5.25% | 6.22% | 3.70% | 2.57% |
Frequently Asked Questions
With a correlation of 0.93, FMRAX and FRQHX 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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