MLFIX vs. FRKMX
Compare and contrast key facts about MFS Lifetime 2040 Fund (MLFIX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
MLFIX is managed by MFS. It was launched on Sep 28, 2005. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
MLFIX vs. FRKMX - Performance Comparison
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MLFIX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MLFIX MFS Lifetime 2040 Fund | -2.51% | 15.08% | 12.35% | 16.29% | -15.32% | 18.94% | 13.13% | 7.96% |
FRKMX Fidelity Managed Retirement Income Fund Class K | -0.48% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, MLFIX achieves a -2.51% return, which is significantly lower than FRKMX's -0.48% return.
MLFIX
- 1D
- -0.20%
- 1M
- -6.99%
- YTD
- -2.51%
- 6M
- -0.96%
- 1Y
- 12.20%
- 3Y*
- 11.85%
- 5Y*
- 7.09%
- 10Y*
- 9.72%
FRKMX
- 1D
- 0.26%
- 1M
- -3.17%
- YTD
- -0.48%
- 6M
- 0.79%
- 1Y
- 7.15%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
- —
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MLFIX vs. FRKMX - Expense Ratio Comparison
MLFIX has a 0.00% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
MLFIX vs. FRKMX — Risk / Return Rank
MLFIX
FRKMX
MLFIX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime 2040 Fund (MLFIX) 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.
| MLFIX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.59 | -0.59 |
Sortino ratioReturn per unit of downside risk | 1.44 | 2.20 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.13 | -0.98 |
Martin ratioReturn relative to average drawdown | 5.38 | 8.58 | -3.20 |
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
| MLFIX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.59 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.48 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.69 | -0.24 |
Correlation
The correlation between MLFIX and FRKMX is 0.72, 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
MLFIX vs. FRKMX - Dividend Comparison
MLFIX's dividend yield for the trailing twelve months is around 7.99%, more than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLFIX MFS Lifetime 2040 Fund | 7.99% | 7.79% | 5.41% | 3.58% | 6.61% | 8.92% | 3.07% | 5.79% | 6.06% | 3.56% | 6.91% | 2.20% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.27% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLFIX vs. FRKMX - Drawdown Comparison
The maximum MLFIX drawdown since its inception was -54.99%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for MLFIX and FRKMX.
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Drawdown Indicators
| MLFIX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.99% | -16.04% | -38.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -3.42% | -6.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | -16.04% | -6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -31.66% | — | — |
Current DrawdownCurrent decline from peak | -7.29% | -3.17% | -4.12% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -3.64% | -3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.85% | +1.20% |
Volatility
MLFIX vs. FRKMX - Volatility Comparison
MFS Lifetime 2040 Fund (MLFIX) has a higher volatility of 3.51% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that MLFIX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLFIX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 1.96% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 2.86% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 4.58% | +7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.61% | 5.22% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 5.13% | +8.79% |