FRIMX vs. FIRFX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) and Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX).
FRIMX is managed by BlackRock. It was launched on Aug 30, 2007. FIRFX is managed by BlackRock. It was launched on Dec 31, 2007.
Performance
FRIMX vs. FIRFX - Performance Comparison
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FRIMX vs. FIRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | -0.51% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I | -1.37% | 13.43% | 6.55% | 11.83% | -15.66% | 8.02% | 13.09% | 17.53% | -5.07% | 14.27% |
Returns By Period
In the year-to-date period, FRIMX achieves a -0.51% return, which is significantly higher than FIRFX's -1.37% return. Over the past 10 years, FRIMX has underperformed FIRFX with an annualized return of 3.92%, while FIRFX has yielded a comparatively higher 6.45% annualized return.
FRIMX
- 1D
- 0.26%
- 1M
- -3.19%
- YTD
- -0.51%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.40%
- 10Y*
- 3.92%
FIRFX
- 1D
- 0.17%
- 1M
- -4.93%
- YTD
- -1.37%
- 6M
- 0.41%
- 1Y
- 10.02%
- 3Y*
- 8.27%
- 5Y*
- 3.65%
- 10Y*
- 6.45%
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FRIMX vs. FIRFX - Expense Ratio Comparison
FRIMX has a 0.45% expense ratio, which is lower than FIRFX's 0.48% expense ratio.
Return for Risk
FRIMX vs. FIRFX — Risk / Return Rank
FRIMX
FIRFX
FRIMX vs. FIRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) and Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX). 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.
| FRIMX | FIRFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.34 | +0.22 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.88 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.72 | +0.36 |
Martin ratioReturn relative to average drawdown | 8.41 | 7.34 | +1.07 |
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
| FRIMX | FIRFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.34 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.45 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.78 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.49 | +0.04 |
Correlation
The correlation between FRIMX and FIRFX is 0.95, 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
FRIMX vs. FIRFX - Dividend Comparison
FRIMX's dividend yield for the trailing twelve months is around 3.15%, more than FIRFX's 2.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.15% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
FIRFX Fidelity Advisor Managed Retirement 2025 Fund Class I | 2.72% | 2.66% | 2.56% | 2.43% | 4.63% | 5.08% | 3.57% | 3.80% | 7.10% | 24.68% | 2.44% | 4.49% |
Drawdowns
FRIMX vs. FIRFX - Drawdown Comparison
The maximum FRIMX drawdown since its inception was -33.73%, smaller than the maximum FIRFX drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for FRIMX and FIRFX.
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Drawdown Indicators
| FRIMX | FIRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -41.29% | +7.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -5.65% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.12% | -21.56% | +5.44% |
Max Drawdown (10Y)Largest decline over 10 years | -16.12% | -21.56% | +5.44% |
Current DrawdownCurrent decline from peak | -3.19% | -4.95% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -5.25% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.32% | -0.47% |
Volatility
FRIMX vs. FIRFX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) is 1.95%, while Fidelity Advisor Managed Retirement 2025 Fund Class I (FIRFX) has a volatility of 2.93%. This indicates that FRIMX experiences smaller price fluctuations and is considered to be less risky than FIRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIMX | FIRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 2.93% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 4.56% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 7.58% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.21% | 8.12% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 8.33% | -3.86% |