LFTHX vs. FIRMX

Last updated Aug 1, 2026

LFTHX (MFS Lifetime 2065 Fund) and FIRMX (Fidelity Managed Retirement Income Fund) are both Target Retirement Date funds. Their 0.70 correlation means they have sometimes moved together and sometimes differently. LFTHX charges 0.00%/yr vs 0.45%/yr for FIRMX.

Performance

LFTHX vs. FIRMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Lifetime 2065 Fund (LFTHX) and Fidelity Managed Retirement Income Fund (FIRMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LFTHX

• 1D: 1.41%
• 1M: 0.74%
• 6M: 7.92%
• YTD: 11.66%
• 1Y: 20.03%
• 3Y*: 14.97%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.20%

FIRMX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LFTHX MFS Lifetime 2065 Fund	$0.00	$0.00	$0.00

LFTHX vs. FIRMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LFTHX MFS Lifetime 2065 Fund	11.66%	16.16%	13.28%	17.00%	-16.00%	1.95%
FIRMX Fidelity Managed Retirement Income Fund	3.60%	9.95%	4.29%	8.07%	-11.66%	-0.31%

Correlation

The correlation between LFTHX and FIRMX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (All Time) Calculated using the full available price history since Sep 1, 2021	0.70

The correlation between LFTHX and FIRMX has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

Return for Risk

LFTHX vs. FIRMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LFTHX

LFTHX Risk / Return Rank: 66
LFTHX Sharpe Ratio Rank: 66
LFTHX Sortino Ratio Rank: 65
LFTHX Omega Ratio Rank: 64
LFTHX Calmar Ratio Rank: 63
LFTHX Martin Ratio Rank: 73

FIRMX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LFTHX vs. FIRMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime 2065 Fund (LFTHX) and Fidelity Managed Retirement Income Fund (FIRMX). 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.

	LFTHX	FIRMX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.28	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.17	—	—
Martin ratio: Return relative to average drawdown	9.14	—	—

Drawdowns

Drawdown Indicators

	LFTHX	FIRMX	Difference
Max Drawdown Largest peak-to-trough decline	-23.48%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.57%	—	—
Current Drawdown Current decline from peak	-0.16%	—	—
Average Drawdown Average peak-to-trough decline	-5.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	—	—

Volatility

Volatility by Period

	LFTHX	FIRMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.24%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.20%	—	—

LFTHX vs. FIRMX - Expense Ratio Comparison

LFTHX has a 0.00% expense ratio, which is lower than FIRMX's 0.45% expense ratio.

Dividends

LFTHX vs. FIRMX - Dividend Comparison

LFTHX's dividend yield for the trailing twelve months is around 4.55%, more than FIRMX's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIRMX Fidelity Managed Retirement Income Fund	2.81%	3.13%	3.02%	2.81%	4.54%	3.56%	2.48%	2.59%	4.65%	8.57%	1.67%	1.68%
LFTHX MFS Lifetime 2065 Fund	4.55%	5.08%	3.63%	2.18%	4.02%	4.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LFTHX and FIRMX in my portfolio?

LFTHX and FIRMX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.