FMRFX vs. VTCLX

Last updated Jul 17, 2026

FMRFX (Fidelity Managed Retirement 2030 Fund Class K6) and VTCLX (Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares) are both mutual funds - FMRFX is a Target Retirement Date fund managed by BlackRock, while VTCLX is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Their correlation of 0.86 suggests significant overlap in exposure. FMRFX charges 0.28%/yr vs 0.05%/yr for VTCLX.

Performance

FMRFX vs. VTCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FMRFX

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

VTCLX

• 1D: 0.33%
• 1M: 0.96%
• 6M: 9.30%
• YTD: 11.21%
• 1Y: 22.13%
• 3Y*: 19.98%
• 5Y*: 12.73%
• 10Y*: 15.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMRFX vs. VTCLX - 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%
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	11.21%	17.44%	23.76%	26.62%	-19.07%	26.87%	21.08%	12.84%

Correlation

The correlation between FMRFX and VTCLX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019	0.86

The correlation between FMRFX and VTCLX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

FMRFX vs. VTCLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

VTCLX

VTCLX Risk / Return Rank: 68
VTCLX Sharpe Ratio Rank: 66
VTCLX Sortino Ratio Rank: 61
VTCLX Omega Ratio Rank: 62
VTCLX Calmar Ratio Rank: 69
VTCLX Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMRFX vs. VTCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2030 Fund Class K6 (FMRFX) and Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). 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	VTCLX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.79	—
Sortino ratio: Return per unit of downside risk	—	2.46	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.57	—
Martin ratio: Return relative to average drawdown	—	11.37	—

Drawdowns

Drawdown Indicators

	FMRFX	VTCLX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.56%	—
Current Drawdown Current decline from peak	—	-0.09%	—
Average Drawdown Average peak-to-trough decline	—	-7.54%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	FMRFX	VTCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.68%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.32%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.25%	—

FMRFX vs. VTCLX - Expense Ratio Comparison

FMRFX has a 0.28% expense ratio, which is higher than VTCLX's 0.05% expense ratio.

Dividends

FMRFX vs. VTCLX - Dividend Comparison

FMRFX's dividend yield for the trailing twelve months is around 2.76%, more than VTCLX's 0.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMRFX Fidelity Managed Retirement 2030 Fund Class K6	2.76%	2.69%	2.72%	2.60%	4.20%	4.94%	3.14%	1.60%	0.00%	0.00%	0.00%	0.00%
VTCLX Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares	0.90%	0.93%	1.04%	1.24%	1.47%	1.04%	1.32%	1.52%	1.83%	1.57%	1.76%	1.69%

Frequently Asked Questions

Can I hold both FMRFX and VTCLX in my portfolio?

FMRFX and VTCLX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.