GMWZX vs. FRAMX

Last updated Jun 24, 2026

GMWZX (GuideStone Funds MyDestination 2025 Fund) and FRAMX (Fidelity Advisor Managed Retirement Income Fund Class A) are both Target Retirement Date funds. Over the past 10 years, GMWZX returned 7.55%/yr vs 173.61%/yr for FRAMX. Their correlation of 0.91 suggests significant overlap in exposure. GMWZX charges 0.36%/yr vs 0.70%/yr for FRAMX.

Performance

GMWZX vs. FRAMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds MyDestination 2025 Fund (GMWZX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMWZX achieves a 5.66% return, which is significantly lower than FRAMX's 1,644,791.35% return. Over the past 10 years, GMWZX has underperformed FRAMX with an annualized return of 7.55%, while FRAMX has yielded a comparatively higher 173.61% annualized return.

GMWZX

• 1D: -0.09%
• 1M: 1.06%
• YTD: 5.66%
• 6M: 5.46%
• 1Y: 14.16%
• 3Y*: 11.21%
• 5Y*: 5.31%
• 10Y*: 7.55%

FRAMX

• 1D: 0.00%
• 1M: 1,599,541.56%
• YTD: 1,644,791.35%
• 6M: 1,644,517.81%
• 1Y: 1,729,686.80%
• 3Y*: 2,590.99%
• 5Y*: 609.45%
• 10Y*: 173.61%

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

GMWZX vs. FRAMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMWZX GuideStone Funds MyDestination 2025 Fund	5.66%	12.82%	8.88%	12.64%	-14.42%	8.94%	10.70%	18.19%	-4.90%	14.93%
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A	1,644,791.35%	9.55%	4.04%	7.80%	-11.87%	2.52%	8.30%	10.28%	-2.05%	6.82%

Correlation

The correlation between GMWZX and FRAMX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007	0.91

The correlation between GMWZX and FRAMX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

GMWZX vs. FRAMX — Risk / Return Rank

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

GMWZX

GMWZX Risk / Return Rank: 60
GMWZX Sharpe Ratio Rank: 59
GMWZX Sortino Ratio Rank: 60
GMWZX Omega Ratio Rank: 63
GMWZX Calmar Ratio Rank: 53
GMWZX Martin Ratio Rank: 64

FRAMX

FRAMX Risk / Return Rank: 84
FRAMX Sharpe Ratio Rank: 18
FRAMX Sortino Ratio Rank: 100
FRAMX Omega Ratio Rank: 100
FRAMX Calmar Ratio Rank: 100
FRAMX Martin Ratio Rank: 100

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.

GMWZX vs. FRAMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds MyDestination 2025 Fund (GMWZX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.

	GMWZX	FRAMX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.13	+0.95
Sortino ratio: Return per unit of downside risk	2.98	548,105.89	-548,102.91
Omega ratio: Gain probability vs. loss probability	1.40	76,384.47	-76,383.07
Calmar ratio: Return relative to maximum drawdown	2.66	523,435.99	-523,433.33
Martin ratio: Return relative to average drawdown	11.83	2,185,767.38	-2,185,755.55

GMWZX vs. FRAMX - Sharpe Ratio Comparison

The current GMWZX Sharpe Ratio is 2.09, which is higher than the FRAMX Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of GMWZX and FRAMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMWZX vs. FRAMX - Drawdown Comparison

The maximum GMWZX drawdown since its inception was -51.44%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for GMWZX and FRAMX.

Drawdown Indicators

	GMWZX	FRAMX	Difference
Max Drawdown Largest peak-to-trough decline	-51.44%	-33.94%	-17.50%
Max Drawdown (1Y) Largest decline over 1 year	-5.59%	-3.45%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-7.91%	-5.02%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-19.61%	-16.31%	-3.30%
Max Drawdown (10Y) Largest decline over 10 years	-21.65%	-16.31%	-5.34%
Current Drawdown Current decline from peak	-0.26%	0.00%	-0.26%
Average Drawdown Average peak-to-trough decline	-6.25%	-3.82%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	0.82%	+0.43%

Volatility

GMWZX vs. FRAMX - Volatility Comparison

The current volatility for GuideStone Funds MyDestination 2025 Fund (GMWZX) is 2.87%, while Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) has a volatility of 967.33%. This indicates that GMWZX experiences smaller price fluctuations and is considered to be less risky than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMWZX	FRAMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	967.33%	-964.46%
Volatility (6M) Calculated over the trailing 6-month period	5.95%	967.35%	-961.40%
Volatility (1Y) Calculated over the trailing 1-year period	7.13%	1,592,536.58%	-1,592,529.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.52%	712,487.94%	-712,479.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.07%	503,504.00%	-503,494.93%

GMWZX vs. FRAMX - Expense Ratio Comparison

GMWZX has a 0.36% expense ratio, which is lower than FRAMX's 0.70% expense ratio.

Dividends

GMWZX vs. FRAMX - Dividend Comparison

GMWZX's dividend yield for the trailing twelve months is around 6.16%, less than FRAMX's 102.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A	102.97%	2.77%	2.77%	2.58%	4.26%	3.31%	2.23%	2.37%	4.40%	8.26%	1.42%	1.42%
GMWZX GuideStone Funds MyDestination 2025 Fund	6.16%	6.51%	7.59%	3.19%	7.34%	4.83%	3.88%	3.78%	6.58%	3.93%	3.35%	16.40%

Frequently Asked Questions

Can I hold both GMWZX and FRAMX in my portfolio?

With a correlation of 0.90, GMWZX and FRAMX 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.

Which is riskier, GMWZX or FRAMX?

FRAMX has higher volatility (967.33%) compared to GMWZX (2.87%). In terms of maximum drawdown, GMWZX dropped -51.44% vs FRAMX's -33.94%.

Which has better risk-adjusted returns?

GMWZX currently has the higher Sharpe Ratio (2.09 vs 1.13), 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.