JNSSX vs. FRQHX

Last updated Jul 15, 2026

JNSSX (JPMorgan SmartRetirement 2025 Fund) and FRQHX (Fidelity Managed Retirement 2010 Fund Class K6) are both Target Retirement Date funds. Their correlation of 0.88 suggests significant overlap in exposure. JNSSX charges 0.25%/yr vs 0.26%/yr for FRQHX.

Performance

JNSSX vs. FRQHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement 2025 Fund (JNSSX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JNSSX

• 1D: -0.60%
• 1M: -0.05%
• 6M: 3.05%
• YTD: 4.35%
• 1Y: 10.34%
• 3Y*: 9.80%
• 5Y*: 4.44%
• 10Y*: 7.94%

FRQHX

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

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

JNSSX vs. FRQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JNSSX JPMorgan SmartRetirement 2025 Fund	4.35%	12.40%	5.15%	16.88%	-15.77%	8.48%	11.70%	17.75%
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 JNSSX and FRQHX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.88

The correlation between JNSSX and FRQHX has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

Return for Risk

JNSSX vs. FRQHX — Risk / Return Rank

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

JNSSX

JNSSX Risk / Return Rank: 50
JNSSX Sharpe Ratio Rank: 50
JNSSX Sortino Ratio Rank: 51
JNSSX Omega Ratio Rank: 53
JNSSX Calmar Ratio Rank: 42
JNSSX Martin Ratio Rank: 53

FRQHX

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.

JNSSX vs. FRQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2025 Fund (JNSSX) 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.

	JNSSX	FRQHX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.26	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	1.96	—	—
Martin ratio: Return relative to average drawdown	8.46	—	—

Drawdowns

Drawdown Indicators

	JNSSX	FRQHX	Difference
Max Drawdown Largest peak-to-trough decline	-46.46%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.33%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.07%	—	—
Current Drawdown Current decline from peak	-0.92%	—	—
Average Drawdown Average peak-to-trough decline	-5.87%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	—	—

Volatility

Volatility by Period

	JNSSX	FRQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.66%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.76%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.96%	—	—

JNSSX vs. FRQHX - Expense Ratio Comparison

JNSSX has a 0.25% expense ratio, which is lower than FRQHX's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JNSSX vs. FRQHX - Dividend Comparison

JNSSX's dividend yield for the trailing twelve months is around 6.95%, 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	3.25%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%	0.00%	0.00%	0.00%	0.00%
JNSSX JPMorgan SmartRetirement 2025 Fund	6.95%	7.25%	4.61%	2.83%	7.11%	12.43%	4.59%	23.92%	5.71%	3.96%	2.92%	3.22%

Frequently Asked Questions

Can I hold both JNSSX and FRQHX in my portfolio?

JNSSX and FRQHX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.