FRHMX vs. TRRLX
Compare and contrast key facts about Fidelity Managed Retirement Income Fund Class K6 (FRHMX) and T. Rowe Price Retirement 2060 Fund (TRRLX).
FRHMX is managed by BlackRock. It was launched on Aug 1, 2019. TRRLX is a passively managed fund by T. Rowe Price that tracks the performance of the S&P Target Date 2060 Index. It was launched on Jun 23, 2014.
Performance
FRHMX vs. TRRLX - Performance Comparison
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FRHMX vs. TRRLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FRHMX Fidelity Managed Retirement Income Fund Class K6 | -0.45% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 3.17% |
TRRLX T. Rowe Price Retirement 2060 Fund | -3.74% | 14.54% | 14.22% | 20.87% | -19.22% | 17.50% | 18.46% | 7.84% |
Returns By Period
In the year-to-date period, FRHMX achieves a -0.45% return, which is significantly higher than TRRLX's -3.74% return.
FRHMX
- 1D
- 0.27%
- 1M
- -3.16%
- YTD
- -0.45%
- 6M
- 0.86%
- 1Y
- 7.28%
- 3Y*
- 6.13%
- 5Y*
- 2.58%
- 10Y*
- —
TRRLX
- 1D
- -0.33%
- 1M
- -9.46%
- YTD
- -3.74%
- 6M
- -4.69%
- 1Y
- 10.12%
- 3Y*
- 12.70%
- 5Y*
- 6.39%
- 10Y*
- 9.79%
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FRHMX vs. TRRLX - Expense Ratio Comparison
FRHMX has a 0.25% expense ratio, which is lower than TRRLX's 0.64% expense ratio.
Return for Risk
FRHMX vs. TRRLX — Risk / Return Rank
FRHMX
TRRLX
FRHMX vs. TRRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund Class K6 (FRHMX) and T. Rowe Price Retirement 2060 Fund (TRRLX). 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 | TRRLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 0.63 | +0.98 |
Sortino ratioReturn per unit of downside risk | 2.24 | 0.99 | +1.25 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.15 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.68 | +1.47 |
Martin ratioReturn relative to average drawdown | 8.71 | 3.08 | +5.63 |
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 | TRRLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 0.63 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.43 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.55 | +0.16 |
Correlation
The correlation between FRHMX and TRRLX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FRHMX vs. TRRLX - Dividend Comparison
FRHMX's dividend yield for the trailing twelve months is around 3.39%, while TRRLX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 3.39% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% |
TRRLX T. Rowe Price Retirement 2060 Fund | 0.00% | 0.00% | 1.74% | 3.29% | 5.75% | 4.19% | 2.38% | 4.33% | 5.39% | 1.58% | 1.58% | 0.83% |
Drawdowns
FRHMX vs. TRRLX - Drawdown Comparison
The maximum FRHMX drawdown since its inception was -15.96%, smaller than the maximum TRRLX drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for FRHMX and TRRLX.
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Drawdown Indicators
| FRHMX | TRRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -32.52% | +16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -11.71% | +8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -28.09% | +12.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.52% | — |
Current DrawdownCurrent decline from peak | -3.16% | -9.82% | +6.66% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -5.23% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.92% | -2.07% |
Volatility
FRHMX vs. TRRLX - Volatility Comparison
The current volatility for Fidelity Managed Retirement Income Fund Class K6 (FRHMX) is 1.96%, while T. Rowe Price Retirement 2060 Fund (TRRLX) has a volatility of 5.10%. This indicates that FRHMX experiences smaller price fluctuations and is considered to be less risky than TRRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRHMX | TRRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 5.10% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 9.57% | -6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 16.53% | -11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.22% | 15.17% | -9.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 15.45% | -10.31% |