FMRFX vs. FIRMX
FMRFX (Fidelity Managed Retirement 2030 Fund Class K6) and FIRMX (Fidelity Managed Retirement Income Fund) are both Target Retirement Date funds from BlackRock. Their correlation of 0.89 means they have usually moved in the same direction. FMRFX charges 0.28%/yr vs 0.45%/yr for FIRMX.
Performance
FMRFX vs. FIRMX - Performance Comparison
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Returns By Period
FMRFX
- 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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FIRMX
- 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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FMRFX vs. FIRMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FMRFX Fidelity Managed Retirement 2030 Fund Class K6 | 5.15% | 14.48% | 7.33% | 12.86% | -16.18% | 9.11% | 14.08% | 7.39% |
FIRMX Fidelity Managed Retirement Income Fund | 3.60% | 9.95% | 4.29% | 8.07% | -11.66% | 2.77% | 8.57% | 2.49% |
Correlation
The correlation between FMRFX and FIRMX 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. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.89 |
The correlation between FMRFX and FIRMX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
FMRFX vs. FIRMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) and Fidelity Managed Retirement Income Fund (FIRMX). 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
FMRFX vs. FIRMX - Drawdown Comparison
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Volatility
FMRFX vs. FIRMX - Volatility Comparison
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FMRFX vs. FIRMX - Expense Ratio Comparison
FMRFX has a 0.28% expense ratio, which is lower than FIRMX's 0.45% expense ratio.
Dividends
FMRFX vs. FIRMX - Dividend Comparison
FMRFX's dividend yield for the trailing twelve months is around 2.76%, less than FIRMX's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRMX Fidelity Managed Retirement Income Fund | 2.81% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
FMRFX Fidelity Managed Retirement 2030 Fund Class K6 | 2.56% | 2.69% | 2.72% | 2.60% | 4.20% | 4.94% | 3.14% | 1.60% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, FMRFX and FIRMX 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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