FRQHX vs. SSBWX

Last updated Jul 16, 2026

FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) and SSBWX (State Street Target Retirement 2030 Fund) are both Target Retirement Date funds. Their correlation of 0.85 suggests significant overlap in exposure. FRQHX charges 0.26%/yr vs 0.15%/yr for SSBWX.

Performance

FRQHX vs. SSBWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and State Street Target Retirement 2030 Fund (SSBWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRQHX

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

SSBWX

• 1D: 0.27%
• 1M: -0.66%
• 6M: 5.36%
• YTD: 7.17%
• 1Y: 15.35%
• 3Y*: 12.43%
• 5Y*: 6.02%
• 10Y*: 8.68%

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

FRQHX vs. SSBWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.71%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.80%	3.95%
SSBWX State Street Target Retirement 2030 Fund	7.17%	15.92%	9.76%	15.66%	-17.17%	10.75%	17.27%	6.80%

Correlation

The correlation between FRQHX and SSBWX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.85

The correlation between FRQHX and SSBWX has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

FRQHX vs. SSBWX — Risk / Return Rank

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

FRQHX

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

SSBWX

SSBWX Risk / Return Rank: 71
SSBWX Sharpe Ratio Rank: 73
SSBWX Sortino Ratio Rank: 72
SSBWX Omega Ratio Rank: 75
SSBWX Calmar Ratio Rank: 63
SSBWX Martin Ratio Rank: 73

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. SSBWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) and State Street Target Retirement 2030 Fund (SSBWX). 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.

	FRQHX	SSBWX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.88	—
Sortino ratio: Return per unit of downside risk	—	2.66	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.41	—
Martin ratio: Return relative to average drawdown	—	10.37	—

Drawdowns

Drawdown Indicators

	FRQHX	SSBWX	Difference
Max Drawdown Largest peak-to-trough decline	—	-23.73%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.73%	—
Current Drawdown Current decline from peak	—	-0.73%	—
Average Drawdown Average peak-to-trough decline	—	-4.14%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.44%	—

Volatility

Volatility by Period

	FRQHX	SSBWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	7.92%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	10.73%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.27%	—

FRQHX vs. SSBWX - Expense Ratio Comparison

FRQHX has a 0.26% expense ratio, which is higher than SSBWX's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FRQHX vs. SSBWX - Dividend Comparison

FRQHX's dividend yield for the trailing twelve months is around 3.25%, less than SSBWX's 6.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.25%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%	0.00%	0.00%	0.00%
SSBWX State Street Target Retirement 2030 Fund	6.45%	6.91%	6.16%	4.11%	5.78%	6.18%	4.92%	6.65%	5.24%	0.46%	1.75%	2.11%

Frequently Asked Questions

Can I hold both FRQHX and SSBWX in my portfolio?

FRQHX and SSBWX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.