LEGIX vs. FRHMX

Last updated Jul 17, 2026

LEGIX (BlackRock LifePath ESG Index 2050 Fund) and FRHMX (Fidelity Managed Retirement Income Fund Class K6) are both Target Retirement Date funds from BlackRock. A 0.72 correlation means they provide meaningful diversification when combined. LEGIX charges 0.05%/yr vs 0.25%/yr for FRHMX.

Performance

LEGIX vs. FRHMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath ESG Index 2050 Fund (LEGIX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LEGIX

• 1D: 0.33%
• 1M: 0.27%
• 6M: 9.16%
• YTD: 12.00%
• 1Y: 22.93%
• 3Y*: 16.70%
• 5Y*: 9.51%
• 10Y*: —

FRHMX

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

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

LEGIX vs. FRHMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LEGIX BlackRock LifePath ESG Index 2050 Fund	12.00%	20.22%	12.41%	20.84%	-18.60%	19.76%	13.65%
FRHMX Fidelity Managed Retirement Income Fund Class K6	1,464,383.96%	10.02%	4.50%	8.28%	-11.48%	2.98%	4.18%

Correlation

The correlation between LEGIX and FRHMX is 0.81, 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	0.81
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 18, 2020	0.72

The correlation between LEGIX and FRHMX shifts across timeframes, from 0.71 (5 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LEGIX vs. FRHMX — Risk / Return Rank

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

LEGIX

LEGIX Risk / Return Rank: 66
LEGIX Sharpe Ratio Rank: 66
LEGIX Sortino Ratio Rank: 62
LEGIX Omega Ratio Rank: 62
LEGIX Calmar Ratio Rank: 64
LEGIX Martin Ratio Rank: 74

FRHMX

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.

LEGIX vs. FRHMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath ESG Index 2050 Fund (LEGIX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). 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.

	LEGIX	FRHMX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	—	—
Sortino ratio: Return per unit of downside risk	2.56	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.56	—	—
Martin ratio: Return relative to average drawdown	11.02	—	—

Drawdowns

Drawdown Indicators

	LEGIX	FRHMX	Difference
Max Drawdown Largest peak-to-trough decline	-27.07%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	—	—
Current Drawdown Current decline from peak	-0.32%	—	—
Average Drawdown Average peak-to-trough decline	-5.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	—	—

Volatility

Volatility by Period

	LEGIX	FRHMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	—	—

LEGIX vs. FRHMX - Expense Ratio Comparison

LEGIX has a 0.05% expense ratio, which is lower than FRHMX's 0.25% 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

LEGIX vs. FRHMX - Dividend Comparison

LEGIX's dividend yield for the trailing twelve months is around 1.48%, less than FRHMX's 102.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FRHMX Fidelity Managed Retirement Income Fund Class K6	102.92%	3.22%	3.24%	3.02%	4.77%	3.78%	2.61%	1.95%
LEGIX BlackRock LifePath ESG Index 2050 Fund	1.48%	1.66%	0.00%	2.11%	1.92%	2.50%	0.91%	0.00%

Frequently Asked Questions

Can I hold both LEGIX and FRHMX in my portfolio?

LEGIX and FRHMX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.