LIZKX vs. FRHMX

Last updated Apr 2, 2026

Compare and contrast key facts about BlackRock LifePath Index 2060 Fund Class K (LIZKX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX).

LIZKX is a passively managed fund by BlackRock that tracks the performance of the BlackRock LifePath Index 2060 Custom Benchmark (USD). It was launched on Feb 29, 2016. FRHMX is managed by BlackRock. It was launched on Aug 1, 2019.

Performance

LIZKX vs. FRHMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Index 2060 Fund Class K (LIZKX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). The values are adjusted to include any dividend payments, if applicable.

LIZKX vs. FRHMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LIZKX BlackRock LifePath Index 2060 Fund Class K	-1.36%	21.70%	14.01%	21.67%	-18.33%	18.79%	15.07%	9.80%
FRHMX Fidelity Managed Retirement Income Fund Class K6	0.28%	10.02%	4.50%	8.28%	-11.48%	2.98%	8.79%	3.17%

Returns By Period

In the year-to-date period, LIZKX achieves a -1.36% return, which is significantly lower than FRHMX's 0.28% return.

LIZKX

• 1D: 3.09%
• 1M: -5.55%
• YTD: -1.36%
• 6M: 1.22%
• 1Y: 21.05%
• 3Y*: 15.91%
• 5Y*: 8.65%
• 10Y*: —

FRHMX

• 1D: 0.74%
• 1M: -2.06%
• YTD: 0.28%
• 6M: 1.40%
• 1Y: 7.78%
• 3Y*: 6.39%
• 5Y*: 2.63%
• 10Y*: —

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

LIZKX vs. FRHMX - Expense Ratio Comparison

LIZKX has a 0.09% 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%.

FRHMX

Fidelity Managed Retirement Income Fund Class K6

LIZKX

BlackRock LifePath Index 2060 Fund Class K

Return for Risk

LIZKX vs. FRHMX — Risk / Return Rank

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

LIZKX

LIZKX Risk / Return Rank: 66
LIZKX Sharpe Ratio Rank: 62
LIZKX Sortino Ratio Rank: 65
LIZKX Omega Ratio Rank: 64
LIZKX Calmar Ratio Rank: 66
LIZKX Martin Ratio Rank: 76

FRHMX

FRHMX Risk / Return Rank: 84
FRHMX Sharpe Ratio Rank: 85
FRHMX Sortino Ratio Rank: 86
FRHMX Omega Ratio Rank: 83
FRHMX Calmar Ratio Rank: 85
FRHMX Martin Ratio Rank: 84

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.

LIZKX vs. FRHMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Index 2060 Fund Class K (LIZKX) 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.

	LIZKX	FRHMX	Difference
Sharpe ratio Return per unit of total volatility	1.25	1.75	-0.50
Sortino ratio Return per unit of downside risk	1.85	2.45	-0.60
Omega ratio Gain probability vs. loss probability	1.28	1.35	-0.08
Calmar ratio Return relative to maximum drawdown	1.81	2.38	-0.57
Martin ratio Return relative to average drawdown	8.49	9.46	-0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIZKX vs. FRHMX - Sharpe Ratio Comparison

The current LIZKX Sharpe Ratio is 1.25, which is comparable to the FRHMX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of LIZKX and FRHMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LIZKX	FRHMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.75	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.51	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.73	-0.08

Correlation

The correlation between LIZKX and FRHMX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LIZKX vs. FRHMX - Dividend Comparison

LIZKX's dividend yield for the trailing twelve months is around 2.23%, less than FRHMX's 3.36% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIZKX BlackRock LifePath Index 2060 Fund Class K	2.23%	2.20%	0.00%	2.06%	1.86%	2.01%	1.57%	2.53%	2.27%	2.08%
FRHMX Fidelity Managed Retirement Income Fund Class K6	3.36%	3.22%	3.24%	3.02%	4.77%	3.78%	2.61%	1.95%	0.00%	0.00%

Drawdowns

LIZKX vs. FRHMX - Drawdown Comparison

The maximum LIZKX drawdown since its inception was -34.39%, which is greater than FRHMX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for LIZKX and FRHMX.

Drawdown Indicators

	LIZKX	FRHMX	Difference
Max Drawdown Largest peak-to-trough decline	-34.39%	-15.96%	-18.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-3.42%	-8.48%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-15.96%	-10.44%
Current Drawdown Current decline from peak	-6.70%	-2.45%	-4.25%
Average Drawdown Average peak-to-trough decline	-5.00%	-3.58%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	0.86%	+1.68%

Volatility

LIZKX vs. FRHMX - Volatility Comparison

BlackRock LifePath Index 2060 Fund Class K (LIZKX) has a higher volatility of 6.36% compared to Fidelity Managed Retirement Income Fund Class K6 (FRHMX) at 2.13%. This indicates that LIZKX's price experiences larger fluctuations and is considered to be riskier than FRHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIZKX	FRHMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.36%	2.13%	+4.23%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	2.94%	+6.95%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	4.63%	+12.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	5.23%	+10.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	5.14%	+11.85%