FMRFX vs. FRKMX
FMRFX (Fidelity Managed Retirement 2030 Fund Class K6) and FRKMX (Fidelity Managed Retirement Income Fund Class K) are both Target Retirement Date funds from BlackRock. Their correlation of 0.89 suggests significant overlap in exposure. FMRFX charges 0.28%/yr vs 0.35%/yr for FRKMX.
Performance
FMRFX vs. FRKMX - Performance Comparison
Loading charts...
Returns By Period
FMRFX
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRKMX
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMRFX vs. FRKMX - 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% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 15,640,638.04% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 2.49% |
Correlation
The correlation between FMRFX and FRKMX 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 FRKMX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FMRFX vs. FRKMX - 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 K (FRKMX). 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.
Loading charts...
Drawdowns
FMRFX vs. FRKMX - Drawdown Comparison
Loading charts...
Volatility
FMRFX vs. FRKMX - Volatility Comparison
Loading charts...
FMRFX vs. FRKMX - Expense Ratio Comparison
FMRFX has a 0.28% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Dividends
FMRFX vs. FRKMX - Dividend Comparison
FMRFX's dividend yield for the trailing twelve months is around 2.76%, less than FRKMX's 103.22% 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% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 103.22% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% |
Frequently Asked Questions
With a correlation of 0.92, FMRFX and FRKMX 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.
Find the right allocation for FMRFX and FRKMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer