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FRKMX vs. LIRKX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

FRKMX vs. LIRKX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Managed Retirement Income Fund Class K (FRKMX) and BlackRock LifePath Index Retirement Fund (LIRKX).

FRKMX is managed by BlackRock. It was launched on Aug 1, 2019. LIRKX is a passively managed fund by BlackRock that tracks the performance of the BlackRock LifePath Index Retirement Custom Benchmark (USD). It was launched on May 31, 2011.

Performance

FRKMX vs. LIRKX - 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 LifePath Index Retirement Fund (LIRKX). The values are adjusted to include any dividend payments, if applicable.

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FRKMX vs. LIRKX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
FRKMX
Fidelity Managed Retirement Income Fund Class K		0.27%9.91%4.40%8.17%-11.57%2.88%8.68%3.08%
LIRKX
BlackRock LifePath Index Retirement Fund		0.20%12.48%6.08%11.48%-15.21%6.75%11.46%4.71%

Returns By Period

In the year-to-date period, FRKMX achieves a 0.27% return, which is significantly higher than LIRKX's 0.20% return.

FRKMX

1D
0.75%
1M
-2.05%
YTD
0.27%
6M
1.36%
1Y
7.67%
3Y*
6.29%
5Y*
2.54%
10Y*
—

LIRKX

1D
1.15%
1M
-2.55%
YTD
0.20%
6M
1.62%
1Y
10.61%
3Y*
8.41%
5Y*
3.58%
10Y*
5.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Fidelity Managed Retirement Income Fund Class K

BlackRock LifePath Index Retirement Fund

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Often compared with LIRKX:
LIRKX vs. VTINXLIRKX vs. PTDIXLIRKX vs. PDAHXLIRKX vs. FRAMXLIRKX vs. PMTIXLIRKX vs. TDIFXLIRKX vs. ASFYX

FRKMX vs. LIRKX - Expense Ratio Comparison

FRKMX has a 0.35% expense ratio, which is higher than LIRKX's 0.09% expense ratio.

FRKMX
Fidelity Managed Retirement Income Fund Class K
LIRKX
BlackRock LifePath Index Retirement Fund

Return for Risk

FRKMX vs. LIRKX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FRKMX
FRKMX Risk / Return Rank: 8484
Overall Rank
FRKMX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
FRKMX Sortino Ratio Rank: 8585
Sortino Ratio Rank
FRKMX Omega Ratio Rank: 8282
Omega Ratio Rank
FRKMX Calmar Ratio Rank: 8484
Calmar Ratio Rank
FRKMX Martin Ratio Rank: 8383
Martin Ratio Rank
LIRKX
LIRKX Risk / Return Rank: 8080
Overall Rank
LIRKX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
LIRKX Sortino Ratio Rank: 8080
Sortino Ratio Rank
LIRKX Omega Ratio Rank: 8080
Omega Ratio Rank
LIRKX Calmar Ratio Rank: 7878
Calmar Ratio Rank
LIRKX Martin Ratio Rank: 8585
Martin Ratio Rank
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. LIRKX - 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 LifePath Index Retirement Fund (LIRKX). 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.

FRKMXLIRKXDifference

Sharpe ratio

Return per unit of total volatility

1.72

1.56

+0.17

Sortino ratio

Return per unit of downside risk

2.41

2.22

+0.19

Omega ratio

Gain probability vs. loss probability

1.35

1.33

+0.01

Calmar ratio

Return relative to maximum drawdown

2.35

2.14

+0.22

Martin ratio

Return relative to average drawdown

9.34

9.75

-0.41

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRKMX vs. LIRKX - Sharpe Ratio Comparison

The current FRKMX Sharpe Ratio is 1.72, which is comparable to the LIRKX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of FRKMX and LIRKX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

FRKMXLIRKXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.72

1.56

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.46

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.75

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.75

-0.04

Correlation

The correlation between FRKMX and LIRKX is 0.90, 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

FRKMX vs. LIRKX - Dividend Comparison

FRKMX's dividend yield for the trailing twelve months is around 3.25%, less than LIRKX's 3.88% yield.

TTM20252024202320222021202020192018201720162015
FRKMX
Fidelity Managed Retirement Income Fund Class K		3.25%3.11%3.12%2.92%4.66%3.65%2.56%1.85%0.00%0.00%0.00%0.00%
LIRKX
BlackRock LifePath Index Retirement Fund		3.88%3.89%2.06%2.67%2.75%2.74%1.98%2.48%2.50%2.28%2.53%2.98%

Drawdowns

FRKMX vs. LIRKX - Drawdown Comparison

The maximum FRKMX drawdown since its inception was -16.04%, smaller than the maximum LIRKX drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for FRKMX and LIRKX.

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Drawdown Indicators

FRKMXLIRKXDifference

Max Drawdown

Largest peak-to-trough decline

-16.04%

-20.46%

+4.42%

Max Drawdown (1Y)

Largest decline over 1 year

-3.42%

-5.27%

+1.85%

Max Drawdown (5Y)

Largest decline over 5 years

-16.04%

-20.46%

+4.42%

Max Drawdown (10Y)

Largest decline over 10 years

—

-20.46%

—

Current Drawdown

Current decline from peak

-2.44%

-2.86%

+0.42%

Average Drawdown

Average peak-to-trough decline

-3.64%

-2.86%

-0.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.86%

1.15%

-0.29%

Volatility

FRKMX vs. LIRKX - Volatility Comparison

The current volatility for Fidelity Managed Retirement Income Fund Class K (FRKMX) is 2.14%, while BlackRock LifePath Index Retirement Fund (LIRKX) has a volatility of 2.81%. This indicates that FRKMX experiences smaller price fluctuations and is considered to be less risky than LIRKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FRKMXLIRKXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.14%

2.81%

-0.67%

Volatility (6M)

Calculated over the trailing 6-month period

2.95%

4.12%

-1.17%

Volatility (1Y)

Calculated over the trailing 1-year period

4.63%

7.10%

-2.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.23%

7.80%

-2.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.14%

7.48%

-2.34%