LFTHX vs. FRQKX

Last updated Jul 17, 2026

LFTHX (MFS Lifetime 2065 Fund) and FRQKX (Fidelity Managed Retirement 2010 Fund Class K) are both Target Retirement Date funds. A 0.73 correlation means they provide meaningful diversification when combined. LFTHX charges 0.00%/yr vs 0.36%/yr for FRQKX.

Performance

LFTHX vs. FRQKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Lifetime 2065 Fund (LFTHX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LFTHX

• 1D: 0.33%
• 1M: 0.66%
• 6M: 7.92%
• YTD: 11.66%
• 1Y: 19.14%
• 3Y*: 15.45%
• 5Y*: —
• 10Y*: —

FRQKX

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

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

LFTHX vs. FRQKX - 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%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.66%	9.91%	4.42%	8.62%	-12.30%	-0.16%

Correlation

The correlation between LFTHX and FRQKX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 1, 2021	0.73

The correlation between LFTHX and FRQKX has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

Return for Risk

LFTHX vs. FRQKX — Risk / Return Rank

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

LFTHX

LFTHX Risk / Return Rank: 59
LFTHX Sharpe Ratio Rank: 59
LFTHX Sortino Ratio Rank: 58
LFTHX Omega Ratio Rank: 59
LFTHX Calmar Ratio Rank: 55
LFTHX Martin Ratio Rank: 63

FRQKX

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.

LFTHX vs. FRQKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime 2065 Fund (LFTHX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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	FRQKX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.35	—	—
Martin ratio: Return relative to average drawdown	9.86	—	—

Drawdowns

Drawdown Indicators

	LFTHX	FRQKX	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	-5.69%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	—	—

Volatility

Volatility by Period

	LFTHX	FRQKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.24%	—	—

LFTHX vs. FRQKX - Expense Ratio Comparison

LFTHX has a 0.00% expense ratio, which is lower than FRQKX's 0.36% expense ratio.

Dividends

LFTHX vs. FRQKX - Dividend Comparison

LFTHX's dividend yield for the trailing twelve months is around 4.55%, more than FRQKX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.28%	3.09%	2.91%	2.86%	5.12%	6.11%	3.61%	2.57%
LFTHX MFS Lifetime 2065 Fund	4.55%	5.08%	3.63%	2.18%	4.02%	4.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LFTHX and FRQKX in my portfolio?

LFTHX and FRQKX 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.