MLLIX vs. FRKMX
Compare and contrast key facts about MFS Lifetime Income Fund (MLLIX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
MLLIX is managed by MFS. It was launched on Sep 28, 2005. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
MLLIX vs. FRKMX - Performance Comparison
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MLLIX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MLLIX MFS Lifetime Income Fund | -1.02% | 9.32% | 5.62% | 9.12% | -11.99% | 6.63% | 10.06% | 3.50% |
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, MLLIX achieves a -1.02% return, which is significantly lower than FRKMX's -0.48% 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%
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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MLLIX vs. FRKMX - Expense Ratio Comparison
MLLIX has a 0.00% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
MLLIX vs. FRKMX — Risk / Return Rank
MLLIX
FRKMX
MLLIX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Lifetime Income Fund (MLLIX) 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.
| MLLIX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.59 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.20 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.13 | -0.39 |
Martin ratioReturn relative to average drawdown | 6.91 | 8.58 | -1.67 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.59 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.48 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.69 | +0.13 |
Correlation
The correlation between MLLIX and FRKMX 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. FRKMX - Dividend Comparison
MLLIX's dividend yield for the trailing twelve months is around 5.75%, more than FRKMX's 3.27% 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% |
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
MLLIX vs. FRKMX - Drawdown Comparison
The maximum MLLIX drawdown since its inception was -17.32%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for MLLIX and FRKMX.
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Drawdown Indicators
| MLLIX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.32% | -16.04% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.42% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.08% | -16.04% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -16.08% | — | — |
Current DrawdownCurrent decline from peak | -3.62% | -3.17% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -3.64% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.85% | +0.14% |
Volatility
MLLIX vs. FRKMX - Volatility Comparison
The current volatility for MFS Lifetime Income Fund (MLLIX) is 1.76%, while Fidelity Managed Retirement Income Fund Class K (FRKMX) has a volatility of 1.96%. This indicates that MLLIX experiences smaller price fluctuations and is considered to be less risky 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
| MLLIX | FRKMX | 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% | 4.58% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 5.22% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 5.13% | +0.54% |