FRQHX vs. FRKMX
FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) and FRKMX (Fidelity Managed Retirement Income Fund Class K) are both Target Retirement Date funds from BlackRock. Over the past 5 years, FRQHX returned 2.95%/yr vs 2.85%/yr for FRKMX. With a 0.99 correlation, they move nearly in lockstep. FRQHX charges 0.26%/yr vs 0.35%/yr for FRKMX.
Performance
FRQHX vs. FRKMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FRQHX having a 3.89% return and FRKMX slightly lower at 3.83%.
FRQHX
- 1D
- -0.24%
- 1M
- 1.03%
- YTD
- 3.89%
- 6M
- 4.19%
- 1Y
- 9.89%
- 3Y*
- 7.78%
- 5Y*
- 2.95%
- 10Y*
- —
FRKMX
- 1D
- -0.25%
- 1M
- 1.02%
- YTD
- 3.83%
- 6M
- 4.13%
- 1Y
- 9.76%
- 3Y*
- 7.56%
- 5Y*
- 2.85%
- 10Y*
- —
FRQHX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FRQHX Fidelity Managed Retirement 2010 Fund Class K6 | 3.89% | 10.01% | 4.68% | 8.75% | -12.22% | 4.04% | 9.80% | 3.95% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.83% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Correlation
The correlation between FRQHX and FRKMX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2019 | 0.99 |
The correlation between FRQHX and FRKMX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
FRQHX vs. FRKMX — Risk / Return Rank
FRQHX
FRKMX
FRQHX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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 | FRKMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.49 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 3.01 | +0.06 |
| Martin ratioReturn relative to average drawdown | 13.04 | 12.84 | +0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FRQHX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.47 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.54 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.79 | 0.00 |
Drawdowns
FRQHX vs. FRKMX - Drawdown Comparison
The maximum FRQHX drawdown since its inception was -16.90%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for FRQHX and FRKMX.
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Drawdown Indicators
| FRQHX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -16.04% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | -3.42% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -4.93% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -16.04% | -0.86% |
Current DrawdownCurrent decline from peak | -0.24% | -0.25% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -3.56% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.80% | 0.00% |
Volatility
FRQHX vs. FRKMX - Volatility Comparison
Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and Fidelity Managed Retirement Income Fund Class K (FRKMX) have volatilities of 1.66% and 1.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRQHX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.68% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 3.41% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.16% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.56% | 5.29% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.76% | 5.14% | +0.62% |
FRQHX vs. FRKMX - Expense Ratio Comparison
FRQHX has a 0.26% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Dividends
FRQHX vs. FRKMX - Dividend Comparison
FRQHX's dividend yield for the trailing twelve months is around 3.30%, more than FRKMX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.20% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% |
FRQHX Fidelity Managed Retirement 2010 Fund Class K6 | 3.30% | 3.20% | 3.20% | 2.95% | 5.25% | 6.22% | 3.70% | 2.57% |
Frequently Asked Questions
With a correlation of 1.00, FRQHX and FRKMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FRKMX has higher volatility (1.68%) compared to FRQHX (1.66%). In terms of maximum drawdown, FRQHX dropped -16.90% vs FRKMX's -16.04%.
FRQHX currently has the higher Sharpe Ratio (2.52 vs 2.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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