FMREX vs. WFSPX
FMREX (Fidelity Managed Retirement 2030 Fund Class K) and WFSPX (iShares S&P 500 Index Fund Class K) are both mutual funds - FMREX is a Target Retirement Date fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, FMREX returned 4.51%/yr vs 14.06%/yr for WFSPX. Their correlation of 0.86 suggests significant overlap in exposure. FMREX charges 0.38%/yr vs 0.03%/yr for WFSPX.
Performance
FMREX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, FMREX achieves a 5.11% return, which is significantly lower than WFSPX's 10.17% return.
FMREX
- 1D
- 0.00%
- 1M
- -0.44%
- YTD
- 5.11%
- 6M
- 5.24%
- 1Y
- 14.43%
- 3Y*
- 10.96%
- 5Y*
- 4.51%
- 10Y*
- —
WFSPX
- 1D
- 1.09%
- 1M
- 0.46%
- YTD
- 10.17%
- 6M
- 9.66%
- 1Y
- 27.12%
- 3Y*
- 20.94%
- 5Y*
- 14.06%
- 10Y*
- 15.46%
FMREX vs. WFSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMREX Fidelity Managed Retirement 2030 Fund Class K | 5.11% | 14.45% | 7.18% | 12.74% | -16.23% | 8.96% | 13.98% | 7.35% |
WFSPX iShares S&P 500 Index Fund Class K | 10.17% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 13.35% |
Correlation
The correlation between FMREX and WFSPX is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.86 |
The correlation between FMREX and WFSPX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
FMREX vs. WFSPX — Risk / Return Rank
FMREX
WFSPX
FMREX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 Fund Class K (FMREX) and iShares S&P 500 Index Fund Class K (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.
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.
| FMREX | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.03 | -0.41 |
| Martin ratioReturn relative to average drawdown | 11.25 | 13.70 | -2.46 |
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Drawdowns
FMREX vs. WFSPX - Drawdown Comparison
The maximum FMREX drawdown since its inception was -22.43%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for FMREX and WFSPX.
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Drawdown Indicators
| FMREX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -58.21% | +35.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.59% | -8.90% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.71% | -18.74% | +11.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.43% | -24.51% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.74% | — |
Current DrawdownCurrent decline from peak | -2.00% | -1.36% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -12.76% | +7.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.96% | -0.66% |
Volatility
FMREX vs. WFSPX - Volatility Comparison
The current volatility for Fidelity Managed Retirement 2030 Fund Class K (FMREX) is 2.90%, while iShares S&P 500 Index Fund Class K (WFSPX) has a volatility of 4.77%. This indicates that FMREX 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.
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Volatility by Period
| FMREX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 4.77% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.17% | 9.90% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 12.46% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 16.97% | -8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.05% | 18.07% | -8.02% |
FMREX vs. WFSPX - Expense Ratio Comparison
FMREX has a 0.38% expense ratio, which is higher than WFSPX's 0.03% expense ratio.
Dividends
FMREX vs. WFSPX - Dividend Comparison
FMREX's dividend yield for the trailing twelve months is around 2.83%, more than WFSPX's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMREX Fidelity Managed Retirement 2030 Fund Class K | 2.83% | 2.59% | 2.49% | 2.50% | 4.13% | 4.80% | 3.05% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% |
WFSPX iShares S&P 500 Index Fund Class K | 1.59% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
FMREX and WFSPX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFSPX has higher volatility (4.77%) compared to FMREX (2.90%). In terms of maximum drawdown, FMREX dropped -22.43% vs WFSPX's -58.21%.
WFSPX currently has the higher Sharpe Ratio (2.16 vs 2.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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