LIWPX vs. FRAMX
Compare and contrast key facts about BlackRock LifePath Index 2065 Fund (LIWPX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
LIWPX is managed by BlackRock. It was launched on Oct 29, 2019. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
LIWPX vs. FRAMX - Performance Comparison
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LIWPX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LIWPX BlackRock LifePath Index 2065 Fund | -1.44% | 21.32% | 14.17% | 21.22% | -18.52% | 18.51% | 15.12% | 5.67% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 1.49% |
Returns By Period
In the year-to-date period, LIWPX achieves a -1.44% return, which is significantly lower than FRAMX's 0.18% return.
LIWPX
- 1D
- 3.12%
- 1M
- -5.56%
- YTD
- -1.44%
- 6M
- 1.03%
- 1Y
- 20.70%
- 3Y*
- 15.72%
- 5Y*
- 8.43%
- 10Y*
- —
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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LIWPX vs. FRAMX - Expense Ratio Comparison
LIWPX has a 0.35% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
LIWPX vs. FRAMX — Risk / Return Rank
LIWPX
FRAMX
LIWPX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2065 Fund (LIWPX) 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.
| LIWPX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.64 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.82 | 2.30 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.22 | -0.44 |
Martin ratioReturn relative to average drawdown | 8.32 | 8.81 | -0.50 |
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
| LIWPX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.64 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.42 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.50 | +0.09 |
Correlation
The correlation between LIWPX and FRAMX is 0.71, 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
LIWPX vs. FRAMX - Dividend Comparison
LIWPX's dividend yield for the trailing twelve months is around 1.59%, less than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIWPX BlackRock LifePath Index 2065 Fund | 1.59% | 1.57% | 0.00% | 1.76% | 1.50% | 1.58% | 1.13% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
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
LIWPX vs. FRAMX - Drawdown Comparison
The maximum LIWPX drawdown since its inception was -33.12%, roughly equal to the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for LIWPX and FRAMX.
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Drawdown Indicators
| LIWPX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -33.94% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.85% | -3.45% | -8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.57% | -16.31% | -10.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -6.74% | -2.47% | -4.27% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -3.86% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 0.87% | +1.68% |
Volatility
LIWPX vs. FRAMX - Volatility Comparison
BlackRock LifePath Index 2065 Fund (LIWPX) has a higher volatility of 6.34% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that LIWPX'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
| LIWPX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 2.14% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 2.95% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.18% | 4.64% | +12.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 5.22% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 4.48% | +14.18% |