FMRDX vs. DTDRX

Last updated Aug 1, 2026

FMRDX (Fidelity Advisor Managed Retirement 2030 Fund Class I) and DTDRX (Dimensional 2065 Target Date Retirement Income Fund) are both Target Retirement Date funds. Their correlation of 0.89 means they have usually moved in the same direction. FMRDX charges 0.48%/yr vs 0.22%/yr for DTDRX.

Performance

FMRDX vs. DTDRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Managed Retirement 2030 Fund Class I (FMRDX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FMRDX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DTDRX

• 1D: 1.70%
• 1M: -0.16%
• 6M: 7.56%
• YTD: 10.77%
• 1Y: 20.92%
• 3Y*: 17.11%
• 5Y*: 10.94%
• 10Y*: —
• ALL TIME*: 12.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DTDRX Dimensional 2065 Target Date Retirement Income Fund	$0.00	$0.00	$0.00

FMRDX vs. DTDRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FMRDX Fidelity Advisor Managed Retirement 2030 Fund Class I	5.06%	14.26%	7.09%	12.60%	-16.25%	8.89%	13.79%	0.09%
DTDRX Dimensional 2065 Target Date Retirement Income Fund	10.77%	19.28%	17.13%	21.29%	-15.25%	20.99%	13.15%	0.00%

Correlation

The correlation between FMRDX and DTDRX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.89

The correlation between FMRDX and DTDRX shifts across timeframes, from 0.79 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FMRDX vs. DTDRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMRDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DTDRX

DTDRX Risk / Return Rank: 77
DTDRX Sharpe Ratio Rank: 76
DTDRX Sortino Ratio Rank: 74
DTDRX Omega Ratio Rank: 73
DTDRX Calmar Ratio Rank: 77
DTDRX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMRDX vs. DTDRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2030 Fund Class I (FMRDX) and Dimensional 2065 Target Date Retirement Income Fund (DTDRX). 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.

	FMRDX	DTDRX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.80	—
Sortino ratio: Return per unit of downside risk	—	2.54	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.54	—
Martin ratio: Return relative to average drawdown	—	10.65	—

Drawdowns

Drawdown Indicators

	FMRDX	DTDRX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.33%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.47%	—
Current Drawdown Current decline from peak	—	-1.44%	—
Average Drawdown Average peak-to-trough decline	—	-5.01%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	FMRDX	DTDRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.06%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.98%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.06%	—

FMRDX vs. DTDRX - Expense Ratio Comparison

FMRDX has a 0.48% expense ratio, which is higher than DTDRX's 0.22% expense ratio.

Dividends

FMRDX vs. DTDRX - Dividend Comparison

FMRDX's dividend yield for the trailing twelve months is around 2.65%, more than DTDRX's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DTDRX Dimensional 2065 Target Date Retirement Income Fund	1.86%	1.31%	2.07%	1.94%	2.01%	1.53%	2.55%	0.00%
FMRDX Fidelity Advisor Managed Retirement 2030 Fund Class I	2.46%	2.50%	2.49%	2.38%	4.02%	4.73%	2.98%	1.52%

Frequently Asked Questions

Can I hold both FMRDX and DTDRX in my portfolio?

FMRDX and DTDRX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.