FMRFX vs. PTDIX

Last updated Aug 1, 2026

FMRFX (Fidelity Managed Retirement 2030 Fund Class K6) and PTDIX (Principal LifeTime 2040 Fund) are both Target Retirement Date funds. Their correlation of 0.91 means they have usually moved in the same direction. FMRFX charges 0.28%/yr vs 0.01%/yr for PTDIX.

Performance

FMRFX vs. PTDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) and Principal LifeTime 2040 Fund (PTDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FMRFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PTDIX

• 1D: 1.31%
• 1M: 0.11%
• 6M: 4.58%
• YTD: 6.90%
• 1Y: 14.80%
• 3Y*: 14.70%
• 5Y*: 7.69%
• 10Y*: 10.22%
• ALL TIME*: 7.30%

*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)
PTDIX Principal LifeTime 2040 Fund	$0.00	$0.00	$0.00

FMRFX vs. PTDIX - 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%
PTDIX Principal LifeTime 2040 Fund	6.90%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	9.66%

Correlation

The correlation between FMRFX and PTDIX is 0.86, 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.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.89
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	0.91

The correlation between FMRFX and PTDIX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

FMRFX vs. PTDIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMRFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PTDIX

PTDIX Risk / Return Rank: 49
PTDIX Sharpe Ratio Rank: 45
PTDIX Sortino Ratio Rank: 44
PTDIX Omega Ratio Rank: 44
PTDIX Calmar Ratio Rank: 49
PTDIX Martin Ratio Rank: 61

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.

FMRFX vs. PTDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) and Principal LifeTime 2040 Fund (PTDIX). 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.

	FMRFX	PTDIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.26	—
Sortino ratio: Return per unit of downside risk	—	1.81	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.82	—
Martin ratio: Return relative to average drawdown	—	7.76	—

Drawdowns

Drawdown Indicators

	FMRFX	PTDIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-54.38%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.02%	—
Current Drawdown Current decline from peak	—	-0.84%	—
Average Drawdown Average peak-to-trough decline	—	-7.45%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.72%	—

Volatility

Volatility by Period

	FMRFX	PTDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.58%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.78%	—

FMRFX vs. PTDIX - Expense Ratio Comparison

FMRFX has a 0.28% expense ratio, which is higher than PTDIX's 0.01% expense ratio.

Dividends

FMRFX vs. PTDIX - Dividend Comparison

FMRFX's dividend yield for the trailing twelve months is around 2.76%, less than PTDIX's 9.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PTDIX Principal LifeTime 2040 Fund	9.17%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%

Frequently Asked Questions

Can I hold both FMRFX and PTDIX in my portfolio?

FMRFX and PTDIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.