FRQKX vs. PLTZX

Last updated Jul 15, 2026

FRQKX (Fidelity Managed Retirement 2010 Fund Class K) and PLTZX (Principal LifeTime 2060 Fund) are both Target Retirement Date funds. A 0.76 correlation means they provide meaningful diversification when combined. FRQKX charges 0.36%/yr vs 0.01%/yr for PLTZX.

Performance

FRQKX vs. PLTZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Managed Retirement 2010 Fund Class K (FRQKX) and Principal LifeTime 2060 Fund (PLTZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FRQKX

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

PLTZX

• 1D: -0.97%
• 1M: -0.00%
• 6M: 5.45%
• YTD: 8.02%
• 1Y: 16.46%
• 3Y*: 16.18%
• 5Y*: 8.64%
• 10Y*: 11.29%

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

FRQKX vs. PLTZX - 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%
PLTZX Principal LifeTime 2060 Fund	8.02%	17.76%	16.89%	20.36%	-18.81%	18.12%	16.60%	7.81%

Correlation

The correlation between FRQKX and PLTZX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.76

The correlation between FRQKX and PLTZX has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

FRQKX vs. PLTZX — 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.

PLTZX

PLTZX Risk / Return Rank: 40
PLTZX Sharpe Ratio Rank: 36
PLTZX Sortino Ratio Rank: 35
PLTZX Omega Ratio Rank: 36
PLTZX Calmar Ratio Rank: 40
PLTZX Martin Ratio Rank: 51

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. PLTZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Managed Retirement 2010 Fund Class K (FRQKX) and Principal LifeTime 2060 Fund (PLTZX). 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	PLTZX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.32	—
Sortino ratio: Return per unit of downside risk	—	1.88	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	1.91	—
Martin ratio: Return relative to average drawdown	—	8.28	—

Drawdowns

Drawdown Indicators

	FRQKX	PLTZX	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.01%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.01%	—
Current Drawdown Current decline from peak	—	-1.50%	—
Average Drawdown Average peak-to-trough decline	—	-4.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.01%	—

Volatility

Volatility by Period

	FRQKX	PLTZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.66%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.94%	—

FRQKX vs. PLTZX - Expense Ratio Comparison

FRQKX has a 0.36% expense ratio, which is higher than PLTZX's 0.01% expense ratio.

Dividends

FRQKX vs. PLTZX - Dividend Comparison

FRQKX's dividend yield for the trailing twelve months is around 3.28%, less than PLTZX's 7.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PLTZX Principal LifeTime 2060 Fund	7.71%	8.33%	7.85%	4.12%	8.44%	5.29%	3.60%	5.86%	5.75%	2.73%	3.48%	3.29%

Frequently Asked Questions

Can I hold both FRQKX and PLTZX in my portfolio?

FRQKX and PLTZX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.