LPHIX vs. FRAMX
Compare and contrast key facts about BlackRock LifePath Dynamic 2045 Fund (LPHIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
LPHIX is managed by BlackRock. It was launched on Jun 29, 2010. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
LPHIX vs. FRAMX - Performance Comparison
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LPHIX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPHIX BlackRock LifePath Dynamic 2045 Fund | -0.56% | 18.46% | 6.12% | 21.28% | -17.70% | 17.37% | 13.99% | 26.39% | -8.12% | 21.70% |
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, LPHIX achieves a -0.56% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, LPHIX has outperformed FRAMX with an annualized return of 9.75%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
LPHIX
- 1D
- 2.94%
- 1M
- -4.89%
- YTD
- -0.56%
- 6M
- 1.24%
- 1Y
- 18.47%
- 3Y*
- 12.29%
- 5Y*
- 6.59%
- 10Y*
- 9.75%
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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LPHIX vs. FRAMX - Expense Ratio Comparison
LPHIX has a 0.47% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
LPHIX vs. FRAMX — Risk / Return Rank
LPHIX
FRAMX
LPHIX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2045 Fund (LPHIX) 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.
| LPHIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.64 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.30 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.22 | -0.49 |
Martin ratioReturn relative to average drawdown | 8.20 | 8.81 | -0.61 |
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
| LPHIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.64 | -0.49 |
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 | 0.62 | 0.84 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.50 | +0.11 |
Correlation
The correlation between LPHIX and FRAMX is 0.81, 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
LPHIX vs. FRAMX - Dividend Comparison
LPHIX's dividend yield for the trailing twelve months is around 5.82%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPHIX BlackRock LifePath Dynamic 2045 Fund | 5.82% | 5.78% | 1.10% | 3.13% | 2.54% | 12.37% | 1.92% | 5.15% | 11.30% | 9.47% | 2.01% | 4.78% |
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
LPHIX vs. FRAMX - Drawdown Comparison
The maximum LPHIX drawdown since its inception was -34.35%, roughly equal to the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for LPHIX and FRAMX.
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Drawdown Indicators
| LPHIX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -33.94% | -0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -3.45% | -7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | -16.31% | -9.60% |
Max Drawdown (10Y)Largest decline over 10 years | -34.35% | -16.31% | -18.04% |
Current DrawdownCurrent decline from peak | -5.85% | -2.47% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -3.86% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 0.87% | +1.44% |
Volatility
LPHIX vs. FRAMX - Volatility Comparison
BlackRock LifePath Dynamic 2045 Fund (LPHIX) has a higher volatility of 6.14% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that LPHIX'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
| LPHIX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 2.14% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 2.95% | +6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 4.64% | +11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 5.22% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 4.48% | +11.27% |