FRIMX vs. RFGTX
Compare and contrast key facts about Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) and American Funds 2040 Target Date Retirement Fund Class R6 (RFGTX).
FRIMX is managed by BlackRock. It was launched on Aug 30, 2007. RFGTX is an actively managed fund by American Funds. It was launched on Feb 1, 2007.
Performance
FRIMX vs. RFGTX - Performance Comparison
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FRIMX vs. RFGTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 0.24% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
RFGTX American Funds 2040 Target Date Retirement Fund Class R6 | -2.51% | 19.52% | 14.80% | 19.33% | -17.53% | 16.88% | 18.79% | 24.37% | -5.51% | 21.98% |
Returns By Period
In the year-to-date period, FRIMX achieves a 0.24% return, which is significantly higher than RFGTX's -2.51% return. Over the past 10 years, FRIMX has underperformed RFGTX with an annualized return of 4.00%, while RFGTX has yielded a comparatively higher 10.90% annualized return.
FRIMX
- 1D
- 0.75%
- 1M
- -2.07%
- YTD
- 0.24%
- 6M
- 1.30%
- 1Y
- 7.57%
- 3Y*
- 6.23%
- 5Y*
- 2.46%
- 10Y*
- 4.00%
RFGTX
- 1D
- 2.31%
- 1M
- -5.61%
- YTD
- -2.51%
- 6M
- -0.09%
- 1Y
- 16.92%
- 3Y*
- 14.74%
- 5Y*
- 7.90%
- 10Y*
- 10.90%
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FRIMX vs. RFGTX - Expense Ratio Comparison
FRIMX has a 0.45% expense ratio, which is higher than RFGTX's 0.36% expense ratio.
Return for Risk
FRIMX vs. RFGTX — Risk / Return Rank
FRIMX
RFGTX
FRIMX vs. RFGTX - 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 American Funds 2040 Target Date Retirement Fund Class R6 (RFGTX). 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 | RFGTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 1.31 | +0.39 |
Sortino ratioReturn per unit of downside risk | 2.38 | 1.93 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.27 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.89 | +0.42 |
Martin ratioReturn relative to average drawdown | 9.18 | 8.35 | +0.84 |
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 | RFGTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.31 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.60 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.78 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.74 | -0.20 |
Correlation
The correlation between FRIMX and RFGTX is 0.83, 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. RFGTX - Dividend Comparison
FRIMX's dividend yield for the trailing twelve months is around 3.13%, less than RFGTX's 6.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.13% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
RFGTX American Funds 2040 Target Date Retirement Fund Class R6 | 6.38% | 6.22% | 3.80% | 2.81% | 6.71% | 5.22% | 3.53% | 4.59% | 5.29% | 2.70% | 3.88% | 5.43% |
Drawdowns
FRIMX vs. RFGTX - Drawdown Comparison
The maximum FRIMX drawdown since its inception was -33.73%, which is greater than RFGTX's maximum drawdown of -28.52%. Use the drawdown chart below to compare losses from any high point for FRIMX and RFGTX.
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Drawdown Indicators
| FRIMX | RFGTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -28.52% | -5.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -9.23% | +5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -16.12% | -24.85% | +8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -16.12% | -28.52% | +12.40% |
Current DrawdownCurrent decline from peak | -2.46% | -6.27% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -3.94% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.09% | -1.23% |
Volatility
FRIMX vs. RFGTX - Volatility Comparison
The current volatility for Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) is 2.13%, while American Funds 2040 Target Date Retirement Fund Class R6 (RFGTX) has a volatility of 4.79%. This indicates that FRIMX experiences smaller price fluctuations and is considered to be less risky than RFGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIMX | RFGTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 4.79% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 8.09% | -5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 13.40% | -8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 13.24% | -8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 14.06% | -9.58% |