MLLIX vs. FRAMX
Compare and contrast key facts about MFS Lifetime Income Fund (MLLIX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
MLLIX is managed by MFS. It was launched on Sep 28, 2005. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
MLLIX vs. FRAMX - Performance Comparison
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MLLIX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLLIX MFS Lifetime Income Fund | -1.02% | 9.32% | 5.62% | 9.12% | -11.99% | 6.63% | 10.06% | 13.91% | -2.37% | 8.24% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 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, MLLIX achieves a -1.02% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, MLLIX has outperformed FRAMX with an annualized return of 4.78%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
MLLIX
- 1D
- 0.25%
- 1M
- -3.62%
- YTD
- -1.02%
- 6M
- 0.19%
- 1Y
- 6.55%
- 3Y*
- 6.42%
- 5Y*
- 3.11%
- 10Y*
- 4.78%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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MLLIX vs. FRAMX - Expense Ratio Comparison
MLLIX has a 0.00% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
MLLIX vs. FRAMX — Risk / Return Rank
MLLIX
FRAMX
MLLIX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime Income Fund (MLLIX) 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.
| MLLIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.50 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.09 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.00 | -0.26 |
Martin ratioReturn relative to average drawdown | 6.91 | 8.06 | -1.15 |
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
| MLLIX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.50 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.41 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.82 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.49 | +0.33 |
Correlation
The correlation between MLLIX and FRAMX is 0.88, 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
MLLIX vs. FRAMX - Dividend Comparison
MLLIX's dividend yield for the trailing twelve months is around 5.75%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLLIX MFS Lifetime Income Fund | 5.75% | 6.01% | 6.26% | 3.70% | 3.92% | 6.12% | 3.18% | 3.80% | 4.20% | 3.56% | 4.21% | 2.51% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
MLLIX vs. FRAMX - Drawdown Comparison
The maximum MLLIX drawdown since its inception was -17.32%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for MLLIX and FRAMX.
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Drawdown Indicators
| MLLIX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.32% | -33.94% | +16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.45% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -16.31% | +0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -16.08% | -16.31% | +0.23% |
Current DrawdownCurrent decline from peak | -3.62% | -3.20% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -3.87% | +1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.86% | +0.13% |
Volatility
MLLIX vs. FRAMX - Volatility Comparison
The current volatility for MFS Lifetime Income Fund (MLLIX) is 1.76%, while Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) has a volatility of 1.96%. This indicates that MLLIX experiences smaller price fluctuations and is considered to be less risky 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
| MLLIX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.96% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 2.86% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.15% | 4.59% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 5.21% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 4.47% | +1.20% |