FMRDX vs. VTCLX

Last updated Aug 1, 2026

FMRDX (Fidelity Advisor Managed Retirement 2030 Fund Class I) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - FMRDX is a Target Retirement Date fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Their correlation of 0.86 means they have usually moved in the same direction. FMRDX charges 0.48%/yr vs 0.05%/yr for VTCLX.

Performance

FMRDX vs. VTCLX - 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 Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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*: —

VTCLX

• 1D: 1.63%
• 1M: -0.80%
• 6M: 7.72%
• YTD: 9.27%
• 1Y: 20.40%
• 3Y*: 18.54%
• 5Y*: 11.93%
• 10Y*: 14.86%
• ALL TIME*: 10.08%

*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)
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	$0.00	$0.00	$0.00

FMRDX vs. VTCLX - 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%
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	9.27%	17.44%	23.76%	26.62%	-19.07%	26.87%	21.08%	12.84%

Correlation

The correlation between FMRDX and VTCLX is 0.81, 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.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019	0.86

The correlation between FMRDX and VTCLX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

FMRDX vs. VTCLX — 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.

VTCLX

VTCLX Risk / Return Rank: 62
VTCLX Sharpe Ratio Rank: 59
VTCLX Sortino Ratio Rank: 56
VTCLX Omega Ratio Rank: 55
VTCLX Calmar Ratio Rank: 64
VTCLX Martin Ratio Rank: 77

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. VTCLX - 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 Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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	VTCLX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.40	—
Sortino ratio: Return per unit of downside risk	—	1.97	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.07	—
Martin ratio: Return relative to average drawdown	—	8.96	—

Drawdowns

Drawdown Indicators

	FMRDX	VTCLX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.56%	—
Current Drawdown Current decline from peak	—	-1.83%	—
Average Drawdown Average peak-to-trough decline	—	-7.53%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	FMRDX	VTCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.97%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.33%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.27%	—

FMRDX vs. VTCLX - Expense Ratio Comparison

FMRDX has a 0.48% expense ratio, which is higher than VTCLX's 0.05% expense ratio.

Dividends

FMRDX vs. VTCLX - Dividend Comparison

FMRDX's dividend yield for the trailing twelve months is around 2.65%, more than VTCLX's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	0.91%	0.93%	1.04%	1.24%	1.47%	1.04%	1.32%	1.52%	1.83%	1.57%	1.76%	1.69%

Frequently Asked Questions

Can I hold both FMRDX and VTCLX in my portfolio?

FMRDX and VTCLX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.