FRHMX vs. ASFYX
Compare and contrast key facts about Fidelity Managed Retirement Income Fund Class K6 (FRHMX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX).
FRHMX is managed by BlackRock. It was launched on Aug 1, 2019. ASFYX is managed by BlackRock. It was launched on Jul 30, 2010.
Performance
FRHMX vs. ASFYX - Performance Comparison
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FRHMX vs. ASFYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 0.28% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 3.17% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 6.72% | -9.67% | -3.22% | -10.33% | 35.67% | 3.52% | 13.59% | -1.79% |
Returns By Period
In the year-to-date period, FRHMX achieves a 0.28% return, which is significantly lower than ASFYX's 6.72% return.
FRHMX
- 1D
- 0.74%
- 1M
- -2.06%
- YTD
- 0.28%
- 6M
- 1.40%
- 1Y
- 7.78%
- 3Y*
- 6.39%
- 5Y*
- 2.63%
- 10Y*
- —
ASFYX
- 1D
- 0.12%
- 1M
- -0.84%
- YTD
- 6.72%
- 6M
- 10.49%
- 1Y
- 3.28%
- 3Y*
- -2.85%
- 5Y*
- 2.28%
- 10Y*
- 1.88%
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FRHMX vs. ASFYX - Expense Ratio Comparison
FRHMX has a 0.25% expense ratio, which is lower than ASFYX's 1.47% expense ratio.
Return for Risk
FRHMX vs. ASFYX — Risk / Return Rank
FRHMX
ASFYX
FRHMX vs. ASFYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund Class K6 (FRHMX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.
| FRHMX | ASFYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 0.27 | +1.47 |
Sortino ratioReturn per unit of downside risk | 2.45 | 0.42 | +2.03 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.06 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.18 | +2.20 |
Martin ratioReturn relative to average drawdown | 9.46 | 0.29 | +9.17 |
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
| FRHMX | ASFYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.27 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.17 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.31 | +0.42 |
Correlation
The correlation between FRHMX and ASFYX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FRHMX vs. ASFYX - Dividend Comparison
FRHMX's dividend yield for the trailing twelve months is around 3.36%, more than ASFYX's 1.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 3.36% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% |
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y | 1.42% | 1.52% | 1.46% | 0.99% | 32.48% | 6.07% | 3.40% | 5.51% | 1.30% | 0.07% | 0.01% | 5.06% |
Drawdowns
FRHMX vs. ASFYX - Drawdown Comparison
The maximum FRHMX drawdown since its inception was -15.96%, smaller than the maximum ASFYX drawdown of -36.43%. Use the drawdown chart below to compare losses from any high point for FRHMX and ASFYX.
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Drawdown Indicators
| FRHMX | ASFYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -36.43% | +20.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -13.51% | +10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -36.43% | +20.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.43% | — |
Current DrawdownCurrent decline from peak | -2.45% | -24.28% | +21.83% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -13.10% | +9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 8.26% | -7.40% |
Volatility
FRHMX vs. ASFYX - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund Class K6 (FRHMX) is 2.13%, while AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a volatility of 3.82%. This indicates that FRHMX experiences smaller price fluctuations and is considered to be less risky than ASFYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRHMX | ASFYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 3.82% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 10.00% | -7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 13.00% | -8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 13.67% | -8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 12.68% | -7.54% |