FRKMX vs. PLTHX

Last updated Jul 16, 2026

FRKMX (Fidelity Managed Retirement Income Fund Class K) and PLTHX (Principal LifeTime Hybrid 2060 Fund) are both Target Retirement Date funds. A 0.69 correlation means they provide meaningful diversification when combined. FRKMX charges 0.35%/yr vs 0.05%/yr for PLTHX.

Performance

FRKMX vs. PLTHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement Income Fund Class K (FRKMX) and Principal LifeTime Hybrid 2060 Fund (PLTHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRKMX

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

PLTHX

• 1D: 0.56%
• 1M: -0.83%
• 6M: 7.82%
• YTD: 10.37%
• 1Y: 21.46%
• 3Y*: 17.64%
• 5Y*: 10.05%
• 10Y*: 11.72%

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

FRKMX vs. PLTHX - 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%
PLTHX Principal LifeTime Hybrid 2060 Fund	10.37%	19.91%	17.18%	20.28%	-18.52%	20.05%	16.11%	8.15%

Correlation

The correlation between FRKMX and PLTHX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.69

The correlation between FRKMX and PLTHX has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Return for Risk

FRKMX vs. PLTHX — 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.

PLTHX

PLTHX Risk / Return Rank: 63
PLTHX Sharpe Ratio Rank: 58
PLTHX Sortino Ratio Rank: 55
PLTHX Omega Ratio Rank: 57
PLTHX Calmar Ratio Rank: 68
PLTHX Martin Ratio Rank: 78

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. PLTHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement Income Fund Class K (FRKMX) and Principal LifeTime Hybrid 2060 Fund (PLTHX). 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	PLTHX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.67	—
Sortino ratio: Return per unit of downside risk	—	2.33	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.51	—
Martin ratio: Return relative to average drawdown	—	10.90	—

Drawdowns

Drawdown Indicators

	FRKMX	PLTHX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.26%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.26%	—
Current Drawdown Current decline from peak	—	-1.19%	—
Average Drawdown Average peak-to-trough decline	—	-4.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.97%	—

Volatility

Volatility by Period

	FRKMX	PLTHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.65%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.94%	—

FRKMX vs. PLTHX - Expense Ratio Comparison

FRKMX has a 0.35% expense ratio, which is higher than PLTHX's 0.05% expense ratio.

Dividends

FRKMX vs. PLTHX - Dividend Comparison

FRKMX's dividend yield for the trailing twelve months is around 103.22%, more than PLTHX's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
PLTHX Principal LifeTime Hybrid 2060 Fund	3.96%	4.37%	4.30%	2.76%	7.91%	3.84%	2.91%	3.67%	3.47%	2.37%	2.20%	1.65%

Frequently Asked Questions

Can I hold both FRKMX and PLTHX in my portfolio?

FRKMX and PLTHX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.