LTMKX vs. FRAMX
Compare and contrast key facts about MFS Lifetime 2045 Fund (LTMKX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
LTMKX is managed by MFS. It was launched on Nov 1, 2012. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
LTMKX vs. FRAMX - Performance Comparison
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LTMKX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTMKX MFS Lifetime 2045 Fund | -0.39% | 15.70% | 12.91% | 16.64% | -15.59% | 20.23% | 13.27% | 26.84% | -7.93% | 21.21% |
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, LTMKX achieves a -0.39% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, LTMKX has outperformed FRAMX with an annualized return of 10.30%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
LTMKX
- 1D
- 2.28%
- 1M
- -5.10%
- YTD
- -0.39%
- 6M
- 1.13%
- 1Y
- 14.90%
- 3Y*
- 13.13%
- 5Y*
- 7.63%
- 10Y*
- 10.30%
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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LTMKX vs. FRAMX - Expense Ratio Comparison
LTMKX has a 0.00% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
LTMKX vs. FRAMX — Risk / Return Rank
LTMKX
FRAMX
LTMKX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime 2045 Fund (LTMKX) 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.
| LTMKX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.64 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.65 | 2.30 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.22 | -0.75 |
Martin ratioReturn relative to average drawdown | 6.83 | 8.81 | -1.98 |
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
| LTMKX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.64 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.42 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.84 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.50 | +0.19 |
Correlation
The correlation between LTMKX and FRAMX is 0.79, 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
LTMKX vs. FRAMX - Dividend Comparison
LTMKX's dividend yield for the trailing twelve months is around 7.79%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTMKX MFS Lifetime 2045 Fund | 7.79% | 7.76% | 5.02% | 3.26% | 6.45% | 8.35% | 2.47% | 3.95% | 4.12% | 3.21% | 3.60% | 1.76% |
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
LTMKX vs. FRAMX - Drawdown Comparison
The maximum LTMKX drawdown since its inception was -32.78%, roughly equal to the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for LTMKX and FRAMX.
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Drawdown Indicators
| LTMKX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -33.94% | +1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -3.45% | -6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -16.31% | -6.60% |
Max Drawdown (10Y)Largest decline over 10 years | -32.78% | -16.31% | -16.47% |
Current DrawdownCurrent decline from peak | -5.75% | -2.47% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -3.86% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.87% | +1.37% |
Volatility
LTMKX vs. FRAMX - Volatility Comparison
MFS Lifetime 2045 Fund (LTMKX) has a higher volatility of 4.56% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that LTMKX'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
| LTMKX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 2.14% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 2.95% | +4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 4.64% | +8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 5.22% | +8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.71% | 4.48% | +10.23% |