FRAMX vs. TDIFX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) and Dimensional Retirement Income Fund (TDIFX).
FRAMX is managed by BlackRock. It was launched on Aug 30, 2007. TDIFX is managed by Dimensional. It was launched on Nov 1, 2015.
Performance
FRAMX vs. TDIFX - Performance Comparison
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FRAMX vs. TDIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
TDIFX Dimensional Retirement Income Fund | -0.37% | 7.22% | 6.21% | 7.76% | -9.37% | 14.53% | 9.33% | 9.96% | -1.98% | 5.17% |
Returns By Period
In the year-to-date period, FRAMX achieves a -0.57% return, which is significantly lower than TDIFX's -0.37% return. Over the past 10 years, FRAMX has underperformed TDIFX with an annualized return of 3.65%, while TDIFX has yielded a comparatively higher 4.75% annualized return.
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
TDIFX
- 1D
- 0.21%
- 1M
- -2.32%
- YTD
- -0.37%
- 6M
- 0.46%
- 1Y
- 5.16%
- 3Y*
- 5.69%
- 5Y*
- 4.78%
- 10Y*
- 4.75%
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FRAMX vs. TDIFX - Expense Ratio Comparison
FRAMX has a 0.70% expense ratio, which is higher than TDIFX's 0.06% expense ratio.
Return for Risk
FRAMX vs. TDIFX — Risk / Return Rank
FRAMX
TDIFX
FRAMX vs. TDIFX - 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 Dimensional Retirement Income Fund (TDIFX). 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 | TDIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.40 | +0.11 |
Sortino ratioReturn per unit of downside risk | 2.09 | 1.95 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.32 | +0.68 |
Martin ratioReturn relative to average drawdown | 8.06 | 5.55 | +2.51 |
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 | TDIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.40 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.83 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.95 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.99 | -0.50 |
Correlation
The correlation between FRAMX and TDIFX is 0.86, 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. TDIFX - Dividend Comparison
FRAMX's dividend yield for the trailing twelve months is around 2.91%, more than TDIFX's 2.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
TDIFX Dimensional Retirement Income Fund | 2.08% | 1.77% | 3.11% | 3.09% | 4.66% | 9.39% | 1.39% | 1.98% | 2.11% | 0.98% | 0.89% | 0.00% |
Drawdowns
FRAMX vs. TDIFX - Drawdown Comparison
The maximum FRAMX drawdown since its inception was -33.94%, which is greater than TDIFX's maximum drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for FRAMX and TDIFX.
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Drawdown Indicators
| FRAMX | TDIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -12.21% | -21.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -2.84% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -12.21% | -4.10% |
Max Drawdown (10Y)Largest decline over 10 years | -16.31% | -12.21% | -4.10% |
Current DrawdownCurrent decline from peak | -3.20% | -2.40% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -1.77% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.83% | +0.03% |
Volatility
FRAMX vs. TDIFX - Volatility Comparison
Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) has a higher volatility of 1.96% compared to Dimensional Retirement Income Fund (TDIFX) at 1.34%. This indicates that FRAMX's price experiences larger fluctuations and is considered to be riskier than TDIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRAMX | TDIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.34% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.25% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 4.31% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 5.88% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 5.05% | -0.58% |