FRQKX vs. ASFYX

Last updated Jul 15, 2026

FRQKX (Fidelity Managed Retirement 2010 Fund Class K) and ASFYX (AlphaSimplex Managed Futures Strategy Fund Class Y) are both mutual funds - FRQKX is a Target Retirement Date fund managed by BlackRock, while ASFYX is a Systematic Trend fund managed by BlackRock. At a 0.01 correlation, their price movements are largely independent. FRQKX charges 0.36%/yr vs 1.47%/yr for ASFYX.

Performance

FRQKX vs. ASFYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2010 Fund Class K (FRQKX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRQKX

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

ASFYX

• 1D: 0.83%
• 1M: -0.81%
• 6M: 6.87%
• YTD: 10.47%
• 1Y: 20.40%
• 3Y*: -2.89%
• 5Y*: 2.65%
• 10Y*: 2.44%

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

FRQKX vs. ASFYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.66%	9.91%	4.42%	8.62%	-12.30%	3.95%	9.68%	3.94%
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	10.47%	-9.67%	-3.22%	-10.33%	35.67%	3.52%	13.59%	-0.19%

Correlation

The correlation between FRQKX and ASFYX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.01

Over the past year, FRQKX and ASFYX have become more correlated (0.39) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

FRQKX vs. ASFYX — Risk / Return Rank

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

FRQKX

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

ASFYX

ASFYX Risk / Return Rank: 56
ASFYX Sharpe Ratio Rank: 54
ASFYX Sortino Ratio Rank: 46
ASFYX Omega Ratio Rank: 47
ASFYX Calmar Ratio Rank: 76
ASFYX Martin Ratio Rank: 55

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.

FRQKX vs. ASFYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund Class K (FRQKX) and AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX). 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.

	FRQKX	ASFYX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.18	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.74	—
Martin ratio: Return relative to average drawdown	—	8.76	—

Drawdowns

Drawdown Indicators

	FRQKX	ASFYX	Difference
Max Drawdown Largest peak-to-trough decline	—	-36.43%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.43%	—
Current Drawdown Current decline from peak	—	-21.62%	—
Average Drawdown Average peak-to-trough decline	—	-13.23%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.32%	—

Volatility

Volatility by Period

	FRQKX	ASFYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.45%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.80%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	12.73%	—

FRQKX vs. ASFYX - Expense Ratio Comparison

FRQKX has a 0.36% expense ratio, which is lower than ASFYX's 1.47% expense ratio.

Dividends

FRQKX vs. ASFYX - Dividend Comparison

FRQKX's dividend yield for the trailing twelve months is around 3.28%, more than ASFYX's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASFYX AlphaSimplex Managed Futures Strategy Fund Class Y	1.38%	1.52%	1.46%	0.99%	32.48%	6.07%	3.40%	5.51%	1.30%	0.07%	0.01%	5.06%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.28%	3.09%	2.91%	2.86%	5.12%	6.11%	3.61%	2.57%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FRQKX and ASFYX in my portfolio?

FRQKX and ASFYX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.