MURLX vs. FRQHX

Last updated Apr 2, 2026

Compare and contrast key facts about Mutual of America 2040 Retirement Fund (MURLX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX).

MURLX is managed by Mutual of America. It was launched on Nov 29, 2021. FRQHX is managed by BlackRock. It was launched on Aug 1, 2019.

Performance

MURLX vs. FRQHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mutual of America 2040 Retirement Fund (MURLX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). The values are adjusted to include any dividend payments, if applicable.

MURLX vs. FRQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MURLX Mutual of America 2040 Retirement Fund	-1.37%	17.01%	13.28%	14.86%	-15.95%	16.84%	889.04%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	0.30%	10.01%	4.68%	8.75%	-12.22%	4.04%	9.36%

Returns By Period

In the year-to-date period, MURLX achieves a -1.37% return, which is significantly lower than FRQHX's 0.30% return.

MURLX

• 1D: 2.24%
• 1M: -4.74%
• YTD: -1.37%
• 6M: 0.82%
• 1Y: 15.89%
• 3Y*: 12.54%
• 5Y*: 6.42%
• 10Y*: —

FRQHX

• 1D: 0.75%
• 1M: -2.05%
• YTD: 0.30%
• 6M: 1.41%
• 1Y: 7.79%
• 3Y*: 6.54%
• 5Y*: 2.69%
• 10Y*: —

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

MURLX vs. FRQHX - Expense Ratio Comparison

MURLX has a 0.08% expense ratio, which is lower than FRQHX's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

FRQHX

Fidelity Managed Retirement 2010 Fund Class K6

MURLX

Mutual of America 2040 Retirement Fund

Return for Risk

MURLX vs. FRQHX — Risk / Return Rank

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

MURLX

MURLX Risk / Return Rank: 52
MURLX Sharpe Ratio Rank: 63
MURLX Sortino Ratio Rank: 67
MURLX Omega Ratio Rank: 63
MURLX Calmar Ratio Rank: 29
MURLX Martin Ratio Rank: 39

FRQHX

FRQHX Risk / Return Rank: 84
FRQHX Sharpe Ratio Rank: 85
FRQHX Sortino Ratio Rank: 86
FRQHX Omega Ratio Rank: 82
FRQHX Calmar Ratio Rank: 85
FRQHX Martin Ratio Rank: 83

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.

MURLX vs. FRQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mutual of America 2040 Retirement Fund (MURLX) and Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX). 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.

	MURLX	FRQHX	Difference
Sharpe ratio Return per unit of total volatility	1.25	1.76	-0.51
Sortino ratio Return per unit of downside risk	1.87	2.46	-0.59
Omega ratio Gain probability vs. loss probability	1.27	1.35	-0.08
Calmar ratio Return relative to maximum drawdown	1.05	2.40	-1.35
Martin ratio Return relative to average drawdown	4.88	9.49	-4.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MURLX vs. FRQHX - Sharpe Ratio Comparison

The current MURLX Sharpe Ratio is 1.25, which is comparable to the FRQHX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of MURLX and FRQHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MURLX	FRQHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.76	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.49	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.72	-0.56

Correlation

The correlation between MURLX and FRQHX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MURLX vs. FRQHX - Dividend Comparison

MURLX's dividend yield for the trailing twelve months is around 8.74%, more than FRQHX's 3.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
MURLX Mutual of America 2040 Retirement Fund	8.74%	8.62%	8.02%	3.04%	11.39%	4.17%	0.00%	0.00%
FRQHX Fidelity Managed Retirement 2010 Fund Class K6	3.35%	3.20%	3.20%	2.95%	5.25%	6.22%	3.70%	2.57%

Drawdowns

MURLX vs. FRQHX - Drawdown Comparison

The maximum MURLX drawdown since its inception was -31.54%, which is greater than FRQHX's maximum drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for MURLX and FRQHX.

Drawdown Indicators

	MURLX	FRQHX	Difference
Max Drawdown Largest peak-to-trough decline	-31.54%	-16.90%	-14.64%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-3.41%	-6.34%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-16.90%	-6.16%
Current Drawdown Current decline from peak	-5.69%	-2.44%	-3.25%
Average Drawdown Average peak-to-trough decline	-5.54%	-3.88%	-1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	0.86%	+1.70%

Volatility

MURLX vs. FRQHX - Volatility Comparison

Mutual of America 2040 Retirement Fund (MURLX) has a higher volatility of 4.12% compared to Fidelity Managed Retirement 2010 Fund Class K6 (FRQHX) at 2.11%. This indicates that MURLX's price experiences larger fluctuations and is considered to be riskier than FRQHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MURLX	FRQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	2.11%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	7.97%	2.93%	+5.04%
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	4.65%	+9.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	5.52%	+10.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	387.81%	5.77%	+382.04%