JAKSX vs. FRKMX

Last updated Jul 18, 2026

JAKSX (JPMorgan SmartRetirement 2060 Fund) and FRKMX (Fidelity Managed Retirement Income Fund Class K) are both Target Retirement Date funds. A 0.71 correlation means they provide meaningful diversification when combined. JAKSX charges 0.26%/yr vs 0.35%/yr for FRKMX.

Performance

JAKSX vs. FRKMX - Performance Comparison

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

Returns By Period

JAKSX

• 1D: -0.60%
• 1M: 0.46%
• 6M: 6.64%
• YTD: 9.20%
• 1Y: 17.17%
• 3Y*: 15.49%
• 5Y*: 8.75%
• 10Y*: —

FRKMX

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

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

JAKSX vs. FRKMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JAKSX JPMorgan SmartRetirement 2060 Fund	9.20%	17.84%	12.40%	22.14%	-18.38%	17.47%	15.22%	7.96%
FRKMX Fidelity Managed Retirement Income Fund Class K	15,640,638.04%	9.91%	4.40%	8.17%	-11.57%	2.88%	8.68%	3.08%

Correlation

The correlation between JAKSX and FRKMX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.71

The correlation between JAKSX and FRKMX has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.

Return for Risk

JAKSX vs. FRKMX — Risk / Return Rank

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

JAKSX

JAKSX Risk / Return Rank: 40
JAKSX Sharpe Ratio Rank: 39
JAKSX Sortino Ratio Rank: 38
JAKSX Omega Ratio Rank: 39
JAKSX Calmar Ratio Rank: 37
JAKSX Martin Ratio Rank: 48

FRKMX

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

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. FRKMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2060 Fund (JAKSX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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	FRKMX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	—	—
Sortino ratio: Return per unit of downside risk	2.06	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.96	—	—
Martin ratio: Return relative to average drawdown	8.36	—	—

Drawdowns

Drawdown Indicators

	JAKSX	FRKMX	Difference
Max Drawdown Largest peak-to-trough decline	-33.11%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	—	—
Current Drawdown Current decline from peak	-1.05%	—	—
Average Drawdown Average peak-to-trough decline	-5.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	—	—

Volatility

Volatility by Period

	JAKSX	FRKMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.33%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	—	—

JAKSX vs. FRKMX - Expense Ratio Comparison

JAKSX has a 0.26% expense ratio, which is lower than FRKMX's 0.35% expense ratio.

Dividends

JAKSX vs. FRKMX - Dividend Comparison

JAKSX's dividend yield for the trailing twelve months is around 3.91%, less than FRKMX's 103.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRKMX Fidelity Managed Retirement Income Fund Class K	103.22%	3.11%	3.12%	2.92%	4.66%	3.65%	2.56%	1.85%	0.00%	0.00%
JAKSX JPMorgan SmartRetirement 2060 Fund	3.91%	4.27%	2.96%	1.55%	6.59%	8.71%	3.49%	3.95%	2.96%	1.93%

Frequently Asked Questions

Can I hold both JAKSX and FRKMX in my portfolio?

JAKSX and FRKMX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.