FMRAX vs. WFSPX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Managed Retirement 2030 (FMRAX) and iShares S&P 500 Index Fund (WFSPX).

FMRAX is managed by BlackRock. It was launched on Aug 16, 2019. WFSPX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Jul 30, 1993.

Performance

FMRAX vs. WFSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2030 (FMRAX) and iShares S&P 500 Index Fund (WFSPX). The values are adjusted to include any dividend payments, if applicable.

FMRAX vs. WFSPX - 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%
WFSPX iShares S&P 500 Index Fund	-4.63%	17.83%	24.94%	26.25%	-18.14%	28.63%	18.43%	13.35%

Returns By Period

In the year-to-date period, FMRAX achieves a -0.17% return, which is significantly higher than WFSPX's -4.63% return.

FMRAX

• 1D: 1.55%
• 1M: -3.55%
• YTD: -0.17%
• 6M: 1.54%
• 1Y: 12.10%
• 3Y*: 9.38%
• 5Y*: 4.09%
• 10Y*: —

WFSPX

• 1D: 2.62%
• 1M: -5.31%
• YTD: -4.63%
• 6M: -2.47%
• 1Y: 16.96%
• 3Y*: 18.15%
• 5Y*: 11.69%
• 10Y*: 13.92%

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

FMRAX vs. WFSPX - Expense Ratio Comparison

FMRAX has a 0.48% expense ratio, which is higher than WFSPX's 0.03% expense ratio.

FMRAX

Fidelity Managed Retirement 2030

WFSPX

iShares S&P 500 Index Fund

Return for Risk

FMRAX vs. WFSPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMRAX

FMRAX Risk / Return Rank: 77
FMRAX Sharpe Ratio Rank: 76
FMRAX Sortino Ratio Rank: 77
FMRAX Omega Ratio Rank: 76
FMRAX Calmar Ratio Rank: 77
FMRAX Martin Ratio Rank: 79

WFSPX

WFSPX Risk / Return Rank: 58
WFSPX Sharpe Ratio Rank: 46
WFSPX Sortino Ratio Rank: 51
WFSPX Omega Ratio Rank: 54
WFSPX Calmar Ratio Rank: 62
WFSPX Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMRAX vs. WFSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 (FMRAX) and iShares S&P 500 Index Fund (WFSPX). 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	WFSPX	Difference
Sharpe ratio Return per unit of total volatility	1.46	0.96	+0.50
Sortino ratio Return per unit of downside risk	2.07	1.47	+0.60
Omega ratio Gain probability vs. loss probability	1.31	1.22	+0.08
Calmar ratio Return relative to maximum drawdown	2.00	1.49	+0.51
Martin ratio Return relative to average drawdown	8.49	7.15	+1.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FMRAX vs. WFSPX - Sharpe Ratio Comparison

The current FMRAX Sharpe Ratio is 1.46, which is higher than the WFSPX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FMRAX and WFSPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FMRAX	WFSPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.96	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.70	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.13	+0.55

Correlation

The correlation between FMRAX and WFSPX is 0.86, 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. WFSPX - Dividend Comparison

FMRAX's dividend yield for the trailing twelve months is around 2.60%, more than WFSPX's 1.54% 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%
WFSPX iShares S&P 500 Index Fund	1.54%	1.72%	1.41%	1.50%	2.02%	1.82%	1.66%	1.99%	2.00%	1.62%	2.37%	2.49%

Drawdowns

FMRAX vs. WFSPX - Drawdown Comparison

The maximum FMRAX drawdown since its inception was -22.45%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for FMRAX and WFSPX.

Drawdown Indicators

	FMRAX	WFSPX	Difference
Max Drawdown Largest peak-to-trough decline	-22.45%	-58.21%	+35.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.30%	-12.11%	+5.81%
Max Drawdown (5Y) Largest decline over 5 years	-22.45%	-24.51%	+2.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.74%	—
Current Drawdown Current decline from peak	-4.07%	-6.51%	+2.44%
Average Drawdown Average peak-to-trough decline	-5.32%	-12.84%	+7.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	2.53%	-1.05%

Volatility

FMRAX vs. WFSPX - Volatility Comparison

The current volatility for Fidelity Managed Retirement 2030 (FMRAX) is 3.69%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 5.17%. This indicates that FMRAX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMRAX	WFSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	5.17%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	5.32%	9.44%	-4.12%
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	18.21%	-9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.80%	16.88%	-8.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.05%	18.00%	-7.95%