FMRDX vs. FRQHX
FMRDX (Fidelity Advisor Managed Retirement 2030 Fund Class I) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds from BlackRock. Their correlation of 0.93 means they have usually moved in the same direction. FMRDX charges 0.48%/yr vs 0.26%/yr for FRQHX.
Performance
FMRDX vs. FRQHX - Performance Comparison
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Returns By Period
FMRDX
- 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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- ALL TIME*
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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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- ALL TIME*
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FMRDX vs. FRQHX - 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% | 7.30% |
FRQHX Fidelity Managed Retirement 2010 Fund Class K6 | 3.71% | 10.01% | 4.68% | 8.75% | -12.22% | 4.04% | 9.80% | 3.72% |
Correlation
The correlation between FMRDX and FRQHX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.93 |
The correlation between FMRDX 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
FMRDX vs. FRQHX - 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 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
FMRDX vs. FRQHX - Drawdown Comparison
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Volatility
FMRDX vs. FRQHX - Volatility Comparison
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FMRDX vs. FRQHX - Expense Ratio Comparison
FMRDX has a 0.48% expense ratio, which is higher than FRQHX's 0.26% expense ratio.
Dividends
FMRDX vs. FRQHX - Dividend Comparison
FMRDX's dividend yield for the trailing twelve months is around 2.65%, less than FRQHX's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
FRQHX Fidelity Managed Retirement 2010 Fund Class K6 | 2.93% | 3.20% | 3.20% | 2.95% | 5.25% | 6.22% | 3.70% | 2.57% |
Frequently Asked Questions
With a correlation of 0.93, FMRDX 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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