FRAMX vs. LTSTX

Last updated Jun 4, 2026

FRAMX (Fidelity Advisor Managed Retirement Income Fund Class A) and LTSTX (Principal LifeTime 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, FRAMX returned 3.94%/yr vs 8.05%/yr for LTSTX. Their correlation of 0.90 suggests significant overlap in exposure. FRAMX charges 0.70%/yr vs 0.01%/yr for LTSTX.

Performance

FRAMX vs. LTSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and Principal LifeTime 2025 Fund (LTSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRAMX achieves a 3.94% return, which is significantly lower than LTSTX's 5.20% return. Over the past 10 years, FRAMX has underperformed LTSTX with an annualized return of 3.94%, while LTSTX has yielded a comparatively higher 8.05% annualized return.

FRAMX

• 1D: 0.21%
• 1M: 1.52%
• YTD: 3.94%
• 6M: 4.15%
• 1Y: 10.14%
• 3Y*: 7.28%
• 5Y*: 2.63%
• 10Y*: 3.94%

LTSTX

• 1D: 0.17%
• 1M: 2.49%
• YTD: 5.20%
• 6M: 5.33%
• 1Y: 13.74%
• 3Y*: 12.33%
• 5Y*: 5.67%
• 10Y*: 8.05%

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

FRAMX vs. LTSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A	3.94%	9.55%	4.04%	7.80%	-11.87%	2.52%	8.30%	10.28%	-2.05%	6.82%
LTSTX Principal LifeTime 2025 Fund	5.20%	12.16%	11.91%	13.30%	-15.23%	10.91%	13.70%	20.50%	-6.41%	16.75%

Correlation

The correlation between FRAMX and LTSTX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 3, 2008	0.90

The correlation between FRAMX and LTSTX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.

Return for Risk

FRAMX vs. LTSTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRAMX

FRAMX Risk / Return Rank: 69
FRAMX Sharpe Ratio Rank: 71
FRAMX Sortino Ratio Rank: 75
FRAMX Omega Ratio Rank: 75
FRAMX Calmar Ratio Rank: 60
FRAMX Martin Ratio Rank: 64

LTSTX

LTSTX Risk / Return Rank: 53
LTSTX Sharpe Ratio Rank: 50
LTSTX Sortino Ratio Rank: 52
LTSTX Omega Ratio Rank: 54
LTSTX Calmar Ratio Rank: 49
LTSTX Martin Ratio Rank: 60

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.

FRAMX vs. LTSTX - 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 Principal LifeTime 2025 Fund (LTSTX). 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	LTSTX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	2.11	+0.35
Sortino ratio: Return per unit of downside risk	3.62	3.05	+0.56
Omega ratio: Gain probability vs. loss probability	1.49	1.41	+0.08
Calmar ratio: Return relative to maximum drawdown	2.96	2.67	+0.29
Martin ratio: Return relative to average drawdown	12.58	12.06	+0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRAMX vs. LTSTX - Sharpe Ratio Comparison

The current FRAMX Sharpe Ratio is 2.46, which is comparable to the LTSTX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FRAMX and LTSTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRAMX	LTSTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.11	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.62	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.82	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.48	+0.04

Drawdowns

FRAMX vs. LTSTX - Drawdown Comparison

The maximum FRAMX drawdown since its inception was -33.94%, smaller than the maximum LTSTX drawdown of -48.17%. Use the drawdown chart below to compare losses from any high point for FRAMX and LTSTX.

Drawdown Indicators

	FRAMX	LTSTX	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-48.17%	+14.23%
Max Drawdown (1Y) Largest decline over 1 year	-3.45%	-5.24%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-5.02%	-8.12%	+3.10%
Max Drawdown (5Y) Largest decline over 5 years	-16.31%	-21.01%	+4.70%
Max Drawdown (10Y) Largest decline over 10 years	-16.31%	-23.33%	+7.02%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.83%	-6.16%	+2.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	1.16%	-0.35%

Volatility

FRAMX vs. LTSTX - Volatility Comparison

The current volatility for Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) is 1.67%, while Principal LifeTime 2025 Fund (LTSTX) has a volatility of 2.02%. This indicates that FRAMX experiences smaller price fluctuations and is considered to be less risky than LTSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRAMX	LTSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.67%	2.02%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	3.43%	5.39%	-1.96%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	6.64%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.28%	9.18%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.52%	9.83%	-5.31%

FRAMX vs. LTSTX - Expense Ratio Comparison

FRAMX has a 0.70% expense ratio, which is higher than LTSTX's 0.01% expense ratio.

Dividends

FRAMX vs. LTSTX - Dividend Comparison

FRAMX's dividend yield for the trailing twelve months is around 2.84%, less than LTSTX's 11.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A	2.84%	2.77%	2.77%	2.58%	4.26%	3.31%	2.23%	2.37%	4.40%	8.26%	1.42%	1.42%
LTSTX Principal LifeTime 2025 Fund	11.59%	12.19%	9.74%	4.26%	8.00%	7.66%	5.25%	6.91%	6.39%	4.75%	3.65%	8.91%

Frequently Asked Questions

Can I hold both FRAMX and LTSTX in my portfolio?

FRAMX and LTSTX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRAMX or LTSTX?

LTSTX has higher volatility (2.02%) compared to FRAMX (1.67%). In terms of maximum drawdown, FRAMX dropped -33.94% vs LTSTX's -48.17%.

Which has better risk-adjusted returns?

FRAMX currently has the higher Sharpe Ratio (2.46 vs 2.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.