FRKMX vs. BGSAX

Last updated Jul 16, 2026

FRKMX (Fidelity Managed Retirement Income Fund Class K) and BGSAX (BlackRock Technology Opportunities Fund Investor A) are both mutual funds - FRKMX is a Target Retirement Date fund managed by BlackRock, while BGSAX is a Technology Equities fund managed by BlackRock. A 0.59 correlation means they provide meaningful diversification when combined. FRKMX charges 0.35%/yr vs 1.20%/yr for BGSAX.

Performance

FRKMX vs. BGSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement Income Fund Class K (FRKMX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRKMX

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

BGSAX

• 1D: 2.75%
• 1M: -6.44%
• 6M: 30.22%
• YTD: 32.23%
• 1Y: 43.56%
• 3Y*: 33.65%
• 5Y*: 14.01%
• 10Y*: 24.34%

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

FRKMX vs. BGSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRKMX Fidelity Managed Retirement Income Fund Class K	15,640,638.04%	9.91%	4.40%	8.17%	-11.57%	2.88%	8.68%	3.08%
BGSAX BlackRock Technology Opportunities Fund Investor A	32.23%	19.63%	40.56%	49.09%	-43.13%	8.19%	86.27%	6.97%

Correlation

The correlation between FRKMX and BGSAX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.59

The correlation between FRKMX and BGSAX has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

Return for Risk

FRKMX vs. BGSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRKMX

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

BGSAX

BGSAX Risk / Return Rank: 47
BGSAX Sharpe Ratio Rank: 46
BGSAX Sortino Ratio Rank: 38
BGSAX Omega Ratio Rank: 43
BGSAX Calmar Ratio Rank: 65
BGSAX Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRKMX vs. BGSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund Class K (FRKMX) and BlackRock Technology Opportunities Fund Investor A (BGSAX). 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.

	FRKMX	BGSAX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.49	—
Sortino ratio: Return per unit of downside risk	—	1.96	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	6.89	—

Drawdowns

Drawdown Indicators

	FRKMX	BGSAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-73.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-49.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.22%	—
Current Drawdown Current decline from peak	—	-8.16%	—
Average Drawdown Average peak-to-trough decline	—	-26.28%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.53%	—

Volatility

Volatility by Period

	FRKMX	BGSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	30.25%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	28.83%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	26.40%	—

FRKMX vs. BGSAX - Expense Ratio Comparison

FRKMX has a 0.35% expense ratio, which is lower than BGSAX's 1.20% expense ratio.

Dividends

FRKMX vs. BGSAX - Dividend Comparison

FRKMX's dividend yield for the trailing twelve months is around 103.22%, more than BGSAX's 10.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BGSAX BlackRock Technology Opportunities Fund Investor A	10.25%	13.55%	8.68%	0.00%	0.00%	7.66%	4.86%	1.50%	1.24%	8.01%	1.17%
FRKMX Fidelity Managed Retirement Income Fund Class K	103.22%	3.11%	3.12%	2.92%	4.66%	3.65%	2.56%	1.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FRKMX and BGSAX in my portfolio?

FRKMX and BGSAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.