FRIMX vs. NASDX
FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) and NASDX (Shelton Capital Management Nasdaq-100 Index Fund Direct Shares) are both mutual funds - FRIMX is a Target Retirement Date fund managed by BlackRock, while NASDX is a Large Cap Growth Equities fund tracking the NASDAQ-100 Index. Over the past 10 years, FRIMX returned 4.21%/yr vs 22.58%/yr for NASDX. A 0.74 correlation means they provide meaningful diversification when combined. FRIMX charges 0.45%/yr vs 0.63%/yr for NASDX.
Performance
FRIMX vs. NASDX - Performance Comparison
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Returns By Period
In the year-to-date period, FRIMX achieves a 4.05% return, which is significantly lower than NASDX's 21.38% return. Over the past 10 years, FRIMX has underperformed NASDX with an annualized return of 4.21%, while NASDX has yielded a comparatively higher 22.58% annualized return.
FRIMX
- 1D
- 0.21%
- 1M
- 1.55%
- YTD
- 4.05%
- 6M
- 4.27%
- 1Y
- 10.43%
- 3Y*
- 7.59%
- 5Y*
- 2.91%
- 10Y*
- 4.21%
NASDX
- 1D
- 0.47%
- 1M
- 10.94%
- YTD
- 21.38%
- 6M
- 19.90%
- 1Y
- 42.08%
- 3Y*
- 32.65%
- 5Y*
- 20.44%
- 10Y*
- 22.58%
FRIMX vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 4.05% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 21.38% | 21.00% | 36.91% | 54.69% | -32.57% | 27.32% | 48.59% | 38.22% | -1.21% | 31.27% |
Correlation
The correlation between FRIMX and NASDX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007 | 0.74 |
The correlation between FRIMX and NASDX shifts across timeframes, from 0.57 (3 years) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FRIMX vs. NASDX — Risk / Return Rank
FRIMX
NASDX
FRIMX vs. NASDX - 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 Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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 | NASDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.46 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.65 | -0.59 |
| Martin ratioReturn relative to average drawdown | 13.04 | 14.16 | -1.12 |
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 | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.70 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.89 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 1.00 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.33 | +0.23 |
Drawdowns
FRIMX vs. NASDX - Drawdown Comparison
The maximum FRIMX drawdown since its inception was -33.73%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for FRIMX and NASDX.
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Drawdown Indicators
| FRIMX | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -83.16% | +49.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -11.90% | +8.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.97% | -22.71% | +17.74% |
Max Drawdown (5Y)Largest decline over 5 years | -16.12% | -35.33% | +19.21% |
Max Drawdown (10Y)Largest decline over 10 years | -16.12% | -35.33% | +19.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -34.37% | +30.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 3.06% | -2.26% |
Volatility
FRIMX vs. NASDX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) is 1.65%, while Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) has a volatility of 4.51%. This indicates that FRIMX experiences smaller price fluctuations and is considered to be less risky than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIMX | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 4.51% | -2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 12.19% | -8.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 16.10% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 23.06% | -17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 22.68% | -18.16% |
FRIMX vs. NASDX - Expense Ratio Comparison
FRIMX has a 0.45% expense ratio, which is lower than NASDX's 0.63% expense ratio.
Dividends
FRIMX vs. NASDX - Dividend Comparison
FRIMX's dividend yield for the trailing twelve months is around 3.08%, more than NASDX's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.08% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 2.98% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
Frequently Asked Questions
FRIMX and NASDX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NASDX has higher volatility (4.51%) compared to FRIMX (1.65%). In terms of maximum drawdown, FRIMX dropped -33.73% vs NASDX's -83.16%.
NASDX currently has the higher Sharpe Ratio (2.70 vs 2.53), 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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