JAKSX vs. FIRVX

Last updated Jun 24, 2026

JAKSX (JPMorgan SmartRetirement 2060 Fund) and FIRVX (Fidelity Managed Retirement 2020 Fund) are both Target Retirement Date funds. Over the past 5 years, JAKSX returned 8.86%/yr vs 597.67%/yr for FIRVX. Their correlation of 0.90 suggests significant overlap in exposure. JAKSX charges 0.26%/yr vs 0.47%/yr for FIRVX.

Performance

JAKSX vs. FIRVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement 2060 Fund (JAKSX) and Fidelity Managed Retirement 2020 Fund (FIRVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAKSX achieves a 9.70% return, which is significantly lower than FIRVX's 1,440,933.92% return.

JAKSX

• 1D: -0.21%
• 1M: 1.76%
• YTD: 9.70%
• 6M: 9.01%
• 1Y: 21.87%
• 3Y*: 17.29%
• 5Y*: 8.86%
• 10Y*: —

FIRVX

• 1D: 1,371,718.18%
• 1M: 1,382,668.54%
• YTD: 1,440,933.92%
• 6M: 1,439,520.33%
• 1Y: 1,540,007.78%
• 3Y*: 2,512.79%
• 5Y*: 597.67%
• 10Y*: 176.04%

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

JAKSX vs. FIRVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAKSX JPMorgan SmartRetirement 2060 Fund	9.70%	17.84%	12.40%	22.14%	-18.38%	17.47%	15.22%	24.77%	-9.72%	20.96%
FIRVX Fidelity Managed Retirement 2020 Fund	1,440,933.92%	12.25%	5.86%	10.72%	-14.63%	6.77%	12.06%	16.19%	-4.45%	13.32%

Correlation

The correlation between JAKSX and FIRVX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.90

The correlation between JAKSX and FIRVX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

JAKSX vs. FIRVX — Risk / Return Rank

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

JAKSX

JAKSX Risk / Return Rank: 49
JAKSX Sharpe Ratio Rank: 48
JAKSX Sortino Ratio Rank: 46
JAKSX Omega Ratio Rank: 48
JAKSX Calmar Ratio Rank: 47
JAKSX Martin Ratio Rank: 57

FIRVX

FIRVX Risk / Return Rank: 84
FIRVX Sharpe Ratio Rank: 20
FIRVX Sortino Ratio Rank: 100
FIRVX Omega Ratio Rank: 100
FIRVX Calmar Ratio Rank: 100
FIRVX 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.

JAKSX vs. FIRVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2060 Fund (JAKSX) and Fidelity Managed Retirement 2020 Fund (FIRVX). 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.

	JAKSX	FIRVX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.17	+0.71
Sortino ratio: Return per unit of downside risk	2.63	351,355.56	-351,352.93
Omega ratio: Gain probability vs. loss probability	1.35	49,085.82	-49,084.47
Calmar ratio: Return relative to maximum drawdown	2.51	356,370.91	-356,368.40
Martin ratio: Return relative to average drawdown	10.79	1,512,145.77	-1,512,134.98

JAKSX vs. FIRVX - Sharpe Ratio Comparison

The current JAKSX Sharpe Ratio is 1.88, which is higher than the FIRVX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of JAKSX and FIRVX, 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

JAKSX vs. FIRVX - Drawdown Comparison

The maximum JAKSX drawdown since its inception was -33.11%, smaller than the maximum FIRVX drawdown of -40.59%. Use the drawdown chart below to compare losses from any high point for JAKSX and FIRVX.

Drawdown Indicators

	JAKSX	FIRVX	Difference
Max Drawdown Largest peak-to-trough decline	-33.11%	-40.59%	+7.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-4.51%	-4.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	-6.52%	-8.63%
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	-20.10%	-5.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.10%	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-5.26%	-4.97%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	1.06%	+1.06%

Volatility

JAKSX vs. FIRVX - Volatility Comparison

The current volatility for JPMorgan SmartRetirement 2060 Fund (JAKSX) is 4.52%, while Fidelity Managed Retirement 2020 Fund (FIRVX) has a volatility of 952.63%. This indicates that JAKSX experiences smaller price fluctuations and is considered to be less risky than FIRVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAKSX	FIRVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	952.63%	-948.11%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	952.62%	-942.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	1,374,447.92%	-1,374,435.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	614,671.81%	-614,656.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	434,465.54%	-434,449.65%

JAKSX vs. FIRVX - Expense Ratio Comparison

JAKSX has a 0.26% expense ratio, which is lower than FIRVX's 0.47% expense ratio.

Dividends

JAKSX vs. FIRVX - Dividend Comparison

JAKSX's dividend yield for the trailing twelve months is around 3.90%, less than FIRVX's 102.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRVX Fidelity Managed Retirement 2020 Fund	102.87%	2.83%	2.74%	2.57%	3.52%	4.61%	3.74%	3.18%	6.90%	25.16%	2.28%	4.45%
JAKSX JPMorgan SmartRetirement 2060 Fund	3.90%	4.27%	2.96%	1.55%	6.59%	8.71%	3.49%	3.95%	2.96%	1.93%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JAKSX and FIRVX in my portfolio?

With a correlation of 0.91, JAKSX and FIRVX 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, JAKSX or FIRVX?

FIRVX has higher volatility (952.63%) compared to JAKSX (4.52%). In terms of maximum drawdown, JAKSX dropped -33.11% vs FIRVX's -40.59%.

Which has better risk-adjusted returns?

JAKSX currently has the higher Sharpe Ratio (1.88 vs 1.17), 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.