FMRFX vs. FRHMX
FMRFX (Fidelity Managed Retirement 2030 Fund Class K6) and FRHMX (Fidelity Managed Retirement Income Fund Class K6) are both Target Retirement Date funds from BlackRock. Their correlation of 0.89 suggests significant overlap in exposure. FMRFX charges 0.28%/yr vs 0.25%/yr for FRHMX.
Performance
FMRFX vs. FRHMX - 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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FRHMX
- 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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FMRFX vs. FRHMX - 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% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 2.55% |
Correlation
The correlation between FMRFX and FRHMX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019 | 0.89 |
The correlation between FMRFX and FRHMX 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. FRHMX - 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 Class K6 (FRHMX). 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. FRHMX - Drawdown Comparison
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Volatility
FMRFX vs. FRHMX - Volatility Comparison
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FMRFX vs. FRHMX - Expense Ratio Comparison
FMRFX has a 0.28% expense ratio, which is higher than FRHMX's 0.25% expense ratio.
Dividends
FMRFX vs. FRHMX - Dividend Comparison
FMRFX's dividend yield for the trailing twelve months is around 2.76%, less than FRHMX's 102.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FMRFX Fidelity Managed Retirement 2030 Fund Class K6 | 2.76% | 2.69% | 2.72% | 2.60% | 4.20% | 4.94% | 3.14% | 1.60% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 102.92% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% |
Frequently Asked Questions
With a correlation of 0.92, FMRFX and FRHMX 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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