FRIMX vs. TBLGX

Last updated Aug 1, 2026

FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) and TBLGX (T. Rowe Price Retirement Blend 2030 Fund) are both Target Retirement Date funds. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FRIMX charges 0.45%/yr vs 0.23%/yr for TBLGX.

Performance

FRIMX vs. TBLGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) and T. Rowe Price Retirement Blend 2030 Fund (TBLGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRIMX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TBLGX

• 1D: 1.15%
• 1M: -0.32%
• 6M: 4.77%
• YTD: 7.24%
• 1Y: 15.70%
• 3Y*: 12.60%
• 5Y*: 6.77%
• 10Y*: —
• ALL TIME*: 6.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TBLGX T. Rowe Price Retirement Blend 2030 Fund	$0.00	$0.00	$0.00

FRIMX vs. TBLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I	3.59%	9.94%	4.30%	8.06%	-11.66%	-0.05%
TBLGX T. Rowe Price Retirement Blend 2030 Fund	7.24%	15.49%	11.32%	16.91%	-16.41%	2.96%

Correlation

The correlation between FRIMX and TBLGX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021	0.76

The correlation between FRIMX and TBLGX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

FRIMX vs. TBLGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FRIMX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TBLGX

TBLGX Risk / Return Rank: 69
TBLGX Sharpe Ratio Rank: 69
TBLGX Sortino Ratio Rank: 68
TBLGX Omega Ratio Rank: 69
TBLGX Calmar Ratio Rank: 65
TBLGX Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FRIMX vs. TBLGX - 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 T. Rowe Price Retirement Blend 2030 Fund (TBLGX). 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	TBLGX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.34	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.20	—
Martin ratio: Return relative to average drawdown	—	9.47	—

Drawdowns

Drawdown Indicators

	FRIMX	TBLGX	Difference
Max Drawdown Largest peak-to-trough decline	—	-23.25%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.25%	—
Current Drawdown Current decline from peak	—	-0.97%	—
Average Drawdown Average peak-to-trough decline	—	-5.69%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.55%	—

Volatility

Volatility by Period

	FRIMX	TBLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.01%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	11.35%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.34%	—

FRIMX vs. TBLGX - Expense Ratio Comparison

FRIMX has a 0.45% expense ratio, which is higher than TBLGX's 0.23% expense ratio.

Dividends

FRIMX vs. TBLGX - Dividend Comparison

FRIMX's dividend yield for the trailing twelve months is around 3.11%, more than TBLGX's 2.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I	2.80%	3.11%	3.01%	2.82%	4.52%	3.54%	2.41%	2.56%	4.67%	8.56%	1.67%	1.68%
TBLGX T. Rowe Price Retirement Blend 2030 Fund	2.68%	2.87%	2.48%	2.21%	2.60%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FRIMX and TBLGX in my portfolio?

FRIMX and TBLGX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.