LIRAX vs. FRAMX
Compare and contrast key facts about BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
LIRAX is managed by BlackRock. It was launched on May 31, 2011. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
LIRAX vs. FRAMX - Performance Comparison
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LIRAX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 0.13% | 12.09% | 5.84% | 11.22% | -15.49% | 6.42% | 11.05% | 15.60% | -3.79% | 10.43% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, LIRAX achieves a 0.13% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, LIRAX has outperformed FRAMX with an annualized return of 5.29%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
LIRAX
- 1D
- 1.15%
- 1M
- -2.55%
- YTD
- 0.13%
- 6M
- 1.47%
- 1Y
- 10.32%
- 3Y*
- 8.12%
- 5Y*
- 3.29%
- 10Y*
- 5.29%
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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LIRAX vs. FRAMX - Expense Ratio Comparison
LIRAX has a 0.44% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
LIRAX vs. FRAMX — Risk / Return Rank
LIRAX
FRAMX
LIRAX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| LIRAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.64 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.14 | 2.30 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.22 | -0.16 |
Martin ratioReturn relative to average drawdown | 9.30 | 8.81 | +0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LIRAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.64 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.42 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.84 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.50 | +0.21 |
Correlation
The correlation between LIRAX and FRAMX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LIRAX vs. FRAMX - Dividend Comparison
LIRAX's dividend yield for the trailing twelve months is around 3.53%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares | 3.53% | 3.53% | 1.82% | 2.37% | 2.42% | 2.42% | 1.70% | 2.22% | 2.18% | 1.99% | 2.23% | 2.67% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
LIRAX vs. FRAMX - Drawdown Comparison
The maximum LIRAX drawdown since its inception was -20.67%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for LIRAX and FRAMX.
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Drawdown Indicators
| LIRAX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -33.94% | +13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.27% | -3.45% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -16.31% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -20.67% | -16.31% | -4.36% |
Current DrawdownCurrent decline from peak | -2.93% | -2.47% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -3.86% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.87% | +0.30% |
Volatility
LIRAX vs. FRAMX - Volatility Comparison
BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) has a higher volatility of 2.79% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that LIRAX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LIRAX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.14% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 2.95% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.14% | 4.64% | +2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 5.22% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.47% | 4.48% | +2.99% |