GMFZX vs. FRQHX

Last updated Aug 1, 2026

GMFZX (GuideStone Funds MyDestination 2045 Fund) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds. Their 0.77 correlation means they have sometimes moved together and sometimes differently. GMFZX charges 0.38%/yr vs 0.26%/yr for FRQHX.

Performance

GMFZX vs. FRQHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds MyDestination 2045 Fund (GMFZX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GMFZX

• 1D: 1.77%
• 1M: -0.14%
• 6M: 6.38%
• YTD: 9.29%
• 1Y: 19.43%
• 3Y*: 15.07%
• 5Y*: 8.56%
• 10Y*: 10.51%
• ALL TIME*: 6.73%

FRQHX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GMFZX GuideStone Funds MyDestination 2045 Fund	$0.00	$0.00	$0.00

GMFZX vs. FRQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GMFZX GuideStone Funds MyDestination 2045 Fund	9.29%	18.22%	14.21%	18.70%	-17.40%	16.30%	13.82%	7.95%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.71%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.80%	3.95%

Correlation

The correlation between GMFZX and FRQHX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.77

The correlation between GMFZX and FRQHX has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.

Return for Risk

GMFZX vs. FRQHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GMFZX

GMFZX Risk / Return Rank: 62
GMFZX Sharpe Ratio Rank: 61
GMFZX Sortino Ratio Rank: 60
GMFZX Omega Ratio Rank: 59
GMFZX Calmar Ratio Rank: 60
GMFZX Martin Ratio Rank: 72

FRQHX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GMFZX vs. FRQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds MyDestination 2045 Fund (GMFZX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). 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.

	GMFZX	FRQHX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	—	—
Sortino ratio: Return per unit of downside risk	2.14	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.08	—	—
Martin ratio: Return relative to average drawdown	8.94	—	—

Drawdowns

Drawdown Indicators

	GMFZX	FRQHX	Difference
Max Drawdown Largest peak-to-trough decline	-60.03%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.18%	—	—
Current Drawdown Current decline from peak	-1.10%	—	—
Average Drawdown Average peak-to-trough decline	-9.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	GMFZX	FRQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.67%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	—	—

GMFZX vs. FRQHX - Expense Ratio Comparison

GMFZX has a 0.38% expense ratio, which is higher than FRQHX's 0.26% expense ratio.

Dividends

GMFZX vs. FRQHX - Dividend Comparison

GMFZX's dividend yield for the trailing twelve months is around 4.12%, more than FRQHX's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	2.93%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%	0.00%	0.00%	0.00%
GMFZX GuideStone Funds MyDestination 2045 Fund	4.12%	4.50%	5.87%	3.27%	6.81%	5.46%	2.36%	3.33%	7.99%	4.37%	3.97%	19.91%

Frequently Asked Questions

Can I hold both GMFZX and FRQHX in my portfolio?

GMFZX and FRQHX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.