JPTBX vs. FRQIX
JPTBX (JPMorgan SmartRetirement Blend 2055 Fund) and FRQIX (Fidelity Advisor Managed Retirement 2010 Fund Class I) are both Target Retirement Date funds. Over the past 10 years, JPTBX returned 11.26%/yr vs 4.98%/yr for FRQIX. Their correlation of 0.84 suggests significant overlap in exposure. JPTBX charges 0.33%/yr vs 0.46%/yr for FRQIX.
Performance
JPTBX vs. FRQIX - Performance Comparison
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Returns By Period
In the year-to-date period, JPTBX achieves a 12.04% return, which is significantly higher than FRQIX's 3.60% return. Over the past 10 years, JPTBX has outperformed FRQIX with an annualized return of 11.26%, while FRQIX has yielded a comparatively lower 4.98% annualized return.
JPTBX
- 1D
- 1.12%
- 1M
- 1.74%
- YTD
- 12.04%
- 6M
- 11.62%
- 1Y
- 27.68%
- 3Y*
- 17.91%
- 5Y*
- 10.10%
- 10Y*
- 11.26%
FRQIX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.60%
- 6M
- 3.74%
- 1Y
- 9.41%
- 3Y*
- 7.28%
- 5Y*
- 2.83%
- 10Y*
- 4.98%
JPTBX vs. FRQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPTBX JPMorgan SmartRetirement Blend 2055 Fund | 12.04% | 20.02% | 11.95% | 22.09% | -17.76% | 17.54% | 12.93% | 24.57% | -8.62% | 20.15% |
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.60% | 9.97% | 4.48% | 8.52% | -12.39% | 3.82% | 9.58% | 12.63% | -2.84% | 10.64% |
Correlation
The correlation between JPTBX and FRQIX is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.84 |
The correlation between JPTBX and FRQIX has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
JPTBX vs. FRQIX — Risk / Return Rank
JPTBX
FRQIX
JPTBX vs. FRQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2055 Fund (JPTBX) and Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX). 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.
| JPTBX | FRQIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.75 | +0.28 |
| Martin ratioReturn relative to average drawdown | 13.25 | 11.51 | +1.74 |
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Drawdowns
JPTBX vs. FRQIX - Drawdown Comparison
The maximum JPTBX drawdown since its inception was -32.64%, smaller than the maximum FRQIX drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for JPTBX and FRQIX.
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Drawdown Indicators
| JPTBX | FRQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -38.01% | +5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -3.43% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.41% | -5.21% | -10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -17.04% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -17.04% | -15.60% |
Current DrawdownCurrent decline from peak | -0.28% | -0.42% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -4.42% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.82% | +1.24% |
Volatility
JPTBX vs. FRQIX - Volatility Comparison
JPMorgan SmartRetirement Blend 2055 Fund (JPTBX) has a higher volatility of 4.81% compared to Fidelity Advisor Managed Retirement 2010 Fund Class I (FRQIX) at 1.78%. This indicates that JPTBX's price experiences larger fluctuations and is considered to be riskier than FRQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPTBX | FRQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 1.78% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 3.68% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 4.35% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 5.60% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 5.34% | +10.26% |
JPTBX vs. FRQIX - Expense Ratio Comparison
JPTBX has a 0.33% expense ratio, which is lower than FRQIX's 0.46% expense ratio.
Dividends
JPTBX vs. FRQIX - Dividend Comparison
JPTBX's dividend yield for the trailing twelve months is around 1.98%, less than FRQIX's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRQIX Fidelity Advisor Managed Retirement 2010 Fund Class I | 3.22% | 3.14% | 2.97% | 2.75% | 5.01% | 6.00% | 3.51% | 3.14% | 5.60% | 16.32% | 2.43% | 4.08% |
JPTBX JPMorgan SmartRetirement Blend 2055 Fund | 1.98% | 2.22% | 1.95% | 1.83% | 1.61% | 5.17% | 1.14% | 2.30% | 4.95% | 1.90% | 2.03% | 1.99% |
Frequently Asked Questions
JPTBX and FRQIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPTBX has higher volatility (4.81%) compared to FRQIX (1.78%). In terms of maximum drawdown, JPTBX dropped -32.64% vs FRQIX's -38.01%.
JPTBX currently has the higher Sharpe Ratio (2.19 vs 2.16), 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.
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