LPVIX vs. FRKMX

Last updated Jul 17, 2026

LPVIX (BlackRock LifePath Dynamic 2055 Fund) and FRKMX (Fidelity Managed Retirement Income Fund Class K) are both Target Retirement Date funds from BlackRock. A 0.68 correlation means they provide meaningful diversification when combined. LPVIX charges 0.50%/yr vs 0.35%/yr for FRKMX.

Performance

LPVIX vs. FRKMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock LifePath Dynamic 2055 Fund (LPVIX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LPVIX

• 1D: 0.28%
• 1M: -0.00%
• 6M: 9.49%
• YTD: 12.68%
• 1Y: 23.97%
• 3Y*: 15.86%
• 5Y*: 9.05%
• 10Y*: 11.11%

FRKMX

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

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

LPVIX vs. FRKMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LPVIX BlackRock LifePath Dynamic 2055 Fund	12.68%	20.90%	8.18%	22.40%	-18.77%	17.88%	14.44%	8.58%
FRKMX Fidelity Managed Retirement Income Fund Class K	15,640,638.04%	9.91%	4.40%	8.17%	-11.57%	2.88%	8.68%	3.08%

Correlation

The correlation between LPVIX and FRKMX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.68

The correlation between LPVIX and FRKMX shifts across timeframes, from 0.68 (5 years) to 0.79 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LPVIX vs. FRKMX — Risk / Return Rank

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

LPVIX

LPVIX Risk / Return Rank: 54
LPVIX Sharpe Ratio Rank: 49
LPVIX Sortino Ratio Rank: 46
LPVIX Omega Ratio Rank: 46
LPVIX Calmar Ratio Rank: 62
LPVIX Martin Ratio Rank: 69

FRKMX

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.

LPVIX vs. FRKMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2055 Fund (LPVIX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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.

	LPVIX	FRKMX	Difference
Sharpe ratio: Return per unit of total volatility	1.62	—	—
Sortino ratio: Return per unit of downside risk	2.26	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.49	—	—
Martin ratio: Return relative to average drawdown	10.42	—	—

Drawdowns

Drawdown Indicators

	LPVIX	FRKMX	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.91%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.31%	—	—
Current Drawdown Current decline from peak	-1.04%	—	—
Average Drawdown Average peak-to-trough decline	-4.70%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	—	—

Volatility

Volatility by Period

	LPVIX	FRKMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	—	—

LPVIX vs. FRKMX - Expense Ratio Comparison

LPVIX has a 0.50% expense ratio, which is higher than FRKMX's 0.35% expense ratio.

Dividends

LPVIX vs. FRKMX - Dividend Comparison

LPVIX's dividend yield for the trailing twelve months is around 4.78%, less than FRKMX's 103.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRKMX Fidelity Managed Retirement Income Fund Class K	103.22%	3.11%	3.12%	2.92%	4.66%	3.65%	2.56%	1.85%	0.00%	0.00%	0.00%	0.00%
LPVIX BlackRock LifePath Dynamic 2055 Fund	4.78%	5.39%	0.72%	2.99%	2.53%	11.79%	1.19%	4.83%	10.40%	9.61%	1.93%	3.84%

Frequently Asked Questions

Can I hold both LPVIX and FRKMX in my portfolio?

LPVIX and FRKMX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.