FRIMX vs. IISNX
FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) and IISNX (Voya Index Solution 2055 Portfolio) are both Target Retirement Date funds. Over the past 10 years, FRIMX returned 4.19%/yr vs 11.87%/yr for IISNX. Their correlation of 0.82 suggests significant overlap in exposure. FRIMX charges 0.45%/yr vs 0.22%/yr for IISNX.
Performance
FRIMX vs. IISNX - Performance Comparison
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Returns By Period
In the year-to-date period, FRIMX achieves a 3.59% return, which is significantly lower than IISNX's 11.88% return. Over the past 10 years, FRIMX has underperformed IISNX with an annualized return of 4.19%, while IISNX has yielded a comparatively higher 11.87% annualized return.
FRIMX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.59%
- 6M
- 3.72%
- 1Y
- 9.38%
- 3Y*
- 7.18%
- 5Y*
- 2.79%
- 10Y*
- 4.19%
IISNX
- 1D
- 1.15%
- 1M
- 1.65%
- YTD
- 11.88%
- 6M
- 11.63%
- 1Y
- 27.88%
- 3Y*
- 18.53%
- 5Y*
- 10.51%
- 10Y*
- 11.87%
FRIMX vs. IISNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.59% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
IISNX Voya Index Solution 2055 Portfolio | 11.88% | 20.72% | 15.38% | 20.31% | -18.25% | 17.99% | 15.46% | 25.17% | -8.47% | 21.04% |
Correlation
The correlation between FRIMX and IISNX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2010 | 0.82 |
The correlation between FRIMX and IISNX shifts across timeframes, from 0.69 (5 years) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRIMX vs. IISNX — Risk / Return Rank
FRIMX
IISNX
FRIMX vs. IISNX - 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 Voya Index Solution 2055 Portfolio (IISNX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRIMX | IISNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 3.22 | -0.48 |
| Martin ratioReturn relative to average drawdown | 11.47 | 14.97 | -3.50 |
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Drawdowns
FRIMX vs. IISNX - Drawdown Comparison
The maximum FRIMX drawdown since its inception was -33.73%, roughly equal to the maximum IISNX drawdown of -32.62%. Use the drawdown chart below to compare losses from any high point for FRIMX and IISNX.
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Drawdown Indicators
| FRIMX | IISNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -32.62% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -9.38% | +5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -4.97% | -15.82% | +10.85% |
Max Drawdown (5Y)Largest decline over 5 years | -16.12% | -25.85% | +9.73% |
Max Drawdown (10Y)Largest decline over 10 years | -16.12% | -32.62% | +16.50% |
Current DrawdownCurrent decline from peak | -0.44% | -0.45% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -4.63% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.95% | -1.13% |
Volatility
FRIMX vs. IISNX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) is 1.77%, while Voya Index Solution 2055 Portfolio (IISNX) has a volatility of 4.80%. This indicates that FRIMX experiences smaller price fluctuations and is considered to be less risky than IISNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIMX | IISNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 4.80% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 10.52% | -6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 12.91% | -8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | 15.38% | -10.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 16.23% | -11.69% |
FRIMX vs. IISNX - Expense Ratio Comparison
FRIMX has a 0.45% expense ratio, which is higher than IISNX's 0.22% expense ratio.
Dividends
FRIMX vs. IISNX - Dividend Comparison
FRIMX's dividend yield for the trailing twelve months is around 3.24%, more than IISNX's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.24% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
IISNX Voya Index Solution 2055 Portfolio | 1.47% | 1.64% | 0.18% | 8.19% | 14.20% | 4.63% | 4.33% | 4.96% | 3.86% | 3.26% | 8.60% | 10.27% |
Frequently Asked Questions
FRIMX and IISNX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IISNX has higher volatility (4.80%) compared to FRIMX (1.77%). In terms of maximum drawdown, FRIMX dropped -33.73% vs IISNX's -32.62%.
IISNX currently has the higher Sharpe Ratio (2.34 vs 2.16), 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.
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