FRQIX vs. FRIMX
FRQIX (Fidelity Advisor Managed Retirement 2010 Fund Class I) and FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) are both Target Retirement Date funds from BlackRock. Over the past 10 years, FRQIX returned 5.14%/yr vs 4.26%/yr for FRIMX. With a 0.99 correlation, they move nearly in lockstep. FRQIX charges 0.46%/yr vs 0.45%/yr for FRIMX.
Performance
FRQIX vs. FRIMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FRQIX having a 3.60% return and FRIMX slightly lower at 3.59%. Over the past 10 years, FRQIX has outperformed FRIMX with an annualized return of 5.14%, while FRIMX has yielded a comparatively lower 4.26% annualized return.
FRQIX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.60%
- 6M
- 3.42%
- 1Y
- 8.62%
- 3Y*
- 7.45%
- 5Y*
- 2.73%
- 10Y*
- 5.14%
FRIMX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.59%
- 6M
- 3.41%
- 1Y
- 8.60%
- 3Y*
- 7.33%
- 5Y*
- 2.73%
- 10Y*
- 4.26%
FRQIX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.60% | 9.97% | 4.48% | 8.52% | -12.39% | 3.82% | 9.58% | 12.63% | -2.84% | 10.64% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.59% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Correlation
The correlation between FRQIX and FRIMX 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 (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007 | 0.99 |
The correlation between FRQIX and FRIMX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
FRQIX vs. FRIMX — Risk / Return Rank
FRQIX
FRIMX
FRQIX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX). 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.
| FRQIX | FRIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.65 | +0.01 |
| Martin ratioReturn relative to average drawdown | 11.15 | 11.11 | +0.05 |
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Drawdowns
FRQIX vs. FRIMX - Drawdown Comparison
The maximum FRQIX drawdown since its inception was -38.01%, which is greater than FRIMX's maximum drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for FRQIX and FRIMX.
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Drawdown Indicators
| FRQIX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.01% | -33.73% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -3.44% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.21% | -4.97% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -16.12% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -17.04% | -16.12% | -0.92% |
Current DrawdownCurrent decline from peak | -0.42% | -0.44% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -3.70% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.82% | 0.00% |
Volatility
FRQIX vs. FRIMX - Volatility Comparison
Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) have volatilities of 1.68% and 1.67%, 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
| FRQIX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.67% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 3.67% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 4.35% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 5.32% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.29% | 4.52% | +0.77% |
FRQIX vs. FRIMX - Expense Ratio Comparison
FRQIX has a 0.46% expense ratio, which is higher than FRIMX's 0.45% expense ratio.
Dividends
FRQIX vs. FRIMX - Dividend Comparison
FRQIX's dividend yield for the trailing twelve months is around 3.22%, which matches FRIMX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.24% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.22% | 3.14% | 2.97% | 2.75% | 5.01% | 6.00% | 3.51% | 3.14% | 5.60% | 16.32% | 2.43% | 4.08% |
Frequently Asked Questions
With a correlation of 1.00, FRQIX and FRIMX 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.
FRQIX has higher volatility (1.68%) compared to FRIMX (1.67%). In terms of maximum drawdown, FRQIX dropped -38.01% vs FRIMX's -33.73%.
FRQIX currently has the higher Sharpe Ratio (2.10 vs 2.10), 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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