FRQHX vs. BDJ

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and BlackRock Enhanced Equity Dividend Fund (BDJ).

FRQHX is managed by BlackRock. It was launched on Aug 1, 2019. BDJ is managed by BlackRock. It was launched on Aug 30, 2005.

Performance

FRQHX vs. BDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and BlackRock Enhanced Equity Dividend Fund (BDJ). The values are adjusted to include any dividend payments, if applicable.

FRQHX vs. BDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	0.30%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.80%	3.95%
BDJ BlackRock Enhanced Equity Dividend Fund	-5.83%	26.12%	16.87%	-6.67%	0.83%	26.56%	-7.58%	13.81%

Returns By Period

In the year-to-date period, FRQHX achieves a 0.30% return, which is significantly higher than BDJ's -5.83% return.

FRQHX

• 1D: 0.75%
• 1M: -2.05%
• YTD: 0.30%
• 6M: 1.41%
• 1Y: 7.79%
• 3Y*: 6.54%
• 5Y*: 2.69%
• 10Y*: —

BDJ

• 1D: 1.51%
• 1M: -8.69%
• YTD: -5.83%
• 6M: 1.12%
• 1Y: 11.53%
• 3Y*: 10.07%
• 5Y*: 7.81%
• 10Y*: 9.93%

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

FRQHX vs. BDJ - Expense Ratio Comparison

FRQHX has a 0.26% expense ratio, which is lower than BDJ's 0.86% expense ratio.

BDJ

BlackRock Enhanced Equity Dividend Fund

FRQHX

Fidelity Managed Retirement 2010 Fund Class K6

Return for Risk

FRQHX vs. BDJ — Risk / Return Rank

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

FRQHX

FRQHX Risk / Return Rank: 84
FRQHX Sharpe Ratio Rank: 85
FRQHX Sortino Ratio Rank: 86
FRQHX Omega Ratio Rank: 82
FRQHX Calmar Ratio Rank: 85
FRQHX Martin Ratio Rank: 83

BDJ

BDJ Risk / Return Rank: 29
BDJ Sharpe Ratio Rank: 27
BDJ Sortino Ratio Rank: 25
BDJ Omega Ratio Rank: 27
BDJ Calmar Ratio Rank: 34
BDJ Martin Ratio Rank: 33

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.

FRQHX vs. BDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and BlackRock Enhanced Equity Dividend Fund (BDJ). 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.

	FRQHX	BDJ	Difference
Sharpe ratio Return per unit of total volatility	1.76	0.69	+1.06
Sortino ratio Return per unit of downside risk	2.46	1.04	+1.42
Omega ratio Gain probability vs. loss probability	1.35	1.15	+0.20
Calmar ratio Return relative to maximum drawdown	2.40	0.97	+1.43
Martin ratio Return relative to average drawdown	9.49	3.62	+5.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRQHX vs. BDJ - Sharpe Ratio Comparison

The current FRQHX Sharpe Ratio is 1.76, which is higher than the BDJ Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of FRQHX and BDJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRQHX	BDJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	0.69	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.49	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.30	+0.42

Correlation

The correlation between FRQHX and BDJ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FRQHX vs. BDJ - Dividend Comparison

FRQHX's dividend yield for the trailing twelve months is around 3.35%, less than BDJ's 9.78% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.35%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%	0.00%	0.00%	0.00%
BDJ BlackRock Enhanced Equity Dividend Fund	9.78%	9.03%	8.21%	9.49%	12.18%	5.95%	7.08%	6.66%	7.21%	6.07%	6.88%	7.36%

Drawdowns

FRQHX vs. BDJ - Drawdown Comparison

The maximum FRQHX drawdown since its inception was -16.90%, smaller than the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for FRQHX and BDJ.

Drawdown Indicators

	FRQHX	BDJ	Difference
Max Drawdown Largest peak-to-trough decline	-16.90%	-59.46%	+42.56%
Max Drawdown (1Y) Largest decline over 1 year	-3.41%	-12.28%	+8.87%
Max Drawdown (5Y) Largest decline over 5 years	-16.90%	-21.39%	+4.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.14%	—
Current Drawdown Current decline from peak	-2.44%	-9.16%	+6.72%
Average Drawdown Average peak-to-trough decline	-3.88%	-8.99%	+5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	3.29%	-2.43%

Volatility

FRQHX vs. BDJ - Volatility Comparison

The current volatility for Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) is 2.11%, while BlackRock Enhanced Equity Dividend Fund (BDJ) has a volatility of 5.62%. This indicates that FRQHX experiences smaller price fluctuations and is considered to be less risky than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRQHX	BDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	5.62%	-3.51%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	9.50%	-6.57%
Volatility (1Y) Calculated over the trailing 1-year period	4.65%	16.68%	-12.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.52%	16.13%	-10.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.77%	18.38%	-12.61%