FRAMX vs. LIRKX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and BlackRock LifePath Index Retirement Fund (LIRKX).
FRAMX is managed by BlackRock. It was launched on Aug 30, 2007. LIRKX is a passively managed fund by BlackRock that tracks the performance of the BlackRock LifePath Index Retirement Custom Benchmark (USD). It was launched on May 31, 2011.
Performance
FRAMX vs. LIRKX - Performance Comparison
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FRAMX vs. LIRKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
LIRKX BlackRock LifePath Index Retirement Fund | 0.20% | 12.48% | 6.08% | 11.48% | -15.21% | 6.75% | 11.46% | 15.90% | -3.50% | 10.75% |
Returns By Period
In the year-to-date period, FRAMX achieves a 0.18% return, which is significantly lower than LIRKX's 0.20% return. Over the past 10 years, FRAMX has underperformed LIRKX with an annualized return of 3.73%, while LIRKX has yielded a comparatively higher 5.60% annualized return.
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
LIRKX
- 1D
- 1.15%
- 1M
- -2.55%
- YTD
- 0.20%
- 6M
- 1.62%
- 1Y
- 10.61%
- 3Y*
- 8.41%
- 5Y*
- 3.58%
- 10Y*
- 5.60%
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FRAMX vs. LIRKX - Expense Ratio Comparison
FRAMX has a 0.70% expense ratio, which is higher than LIRKX's 0.09% expense ratio.
Return for Risk
FRAMX vs. LIRKX — Risk / Return Rank
FRAMX
LIRKX
FRAMX vs. LIRKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and BlackRock LifePath Index Retirement Fund (LIRKX). 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.
| FRAMX | LIRKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 1.56 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.30 | 2.22 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.14 | +0.09 |
Martin ratioReturn relative to average drawdown | 8.81 | 9.75 | -0.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRAMX | LIRKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.56 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.46 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.75 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.75 | -0.25 |
Correlation
The correlation between FRAMX and LIRKX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FRAMX vs. LIRKX - Dividend Comparison
FRAMX's dividend yield for the trailing twelve months is around 2.88%, less than LIRKX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
LIRKX BlackRock LifePath Index Retirement Fund | 3.88% | 3.89% | 2.06% | 2.67% | 2.75% | 2.74% | 1.98% | 2.48% | 2.50% | 2.28% | 2.53% | 2.98% |
Drawdowns
FRAMX vs. LIRKX - Drawdown Comparison
The maximum FRAMX drawdown since its inception was -33.94%, which is greater than LIRKX's maximum drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for FRAMX and LIRKX.
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Drawdown Indicators
| FRAMX | LIRKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -20.46% | -13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -5.27% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -20.46% | +4.15% |
Max Drawdown (10Y)Largest decline over 10 years | -16.31% | -20.46% | +4.15% |
Current DrawdownCurrent decline from peak | -2.47% | -2.86% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -2.86% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.15% | -0.28% |
Volatility
FRAMX vs. LIRKX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) is 2.14%, while BlackRock LifePath Index Retirement Fund (LIRKX) has a volatility of 2.81%. This indicates that FRAMX experiences smaller price fluctuations and is considered to be less risky than LIRKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRAMX | LIRKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 2.81% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 4.12% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 7.10% | -2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 7.80% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 7.48% | -3.00% |