PAHHX vs. FRQKX
Compare and contrast key facts about T. Rowe Price Target 2040 Fund (PAHHX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
PAHHX is managed by T. Rowe Price. It was launched on Aug 19, 2013. FRQKX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
PAHHX vs. FRQKX - Performance Comparison
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PAHHX vs. FRQKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PAHHX T. Rowe Price Target 2040 Fund | -0.80% | 15.54% | 11.42% | 17.26% | -18.09% | 13.74% | 16.17% | 6.55% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 0.27% | 9.91% | 4.42% | 8.62% | -12.30% | 3.95% | 9.68% | 3.94% |
Returns By Period
In the year-to-date period, PAHHX achieves a -0.80% return, which is significantly lower than FRQKX's 0.27% return.
PAHHX
- 1D
- 2.07%
- 1M
- -5.21%
- YTD
- -0.80%
- 6M
- 1.30%
- 1Y
- 13.61%
- 3Y*
- 12.36%
- 5Y*
- 5.73%
- 10Y*
- 8.58%
FRQKX
- 1D
- 0.75%
- 1M
- -2.06%
- YTD
- 0.27%
- 6M
- 1.34%
- 1Y
- 7.69%
- 3Y*
- 6.38%
- 5Y*
- 2.56%
- 10Y*
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PAHHX vs. FRQKX - Expense Ratio Comparison
PAHHX has a 0.85% expense ratio, which is higher than FRQKX's 0.36% expense ratio.
Return for Risk
PAHHX vs. FRQKX — Risk / Return Rank
PAHHX
FRQKX
PAHHX vs. FRQKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2040 Fund (PAHHX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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.
| PAHHX | FRQKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.73 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.67 | 2.42 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.37 | -1.15 |
Martin ratioReturn relative to average drawdown | 5.52 | 9.37 | -3.86 |
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
| PAHHX | FRQKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.73 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.47 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.70 | -0.04 |
Correlation
The correlation between PAHHX and FRQKX is 0.78, 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
PAHHX vs. FRQKX - Dividend Comparison
PAHHX's dividend yield for the trailing twelve months is around 5.98%, more than FRQKX's 3.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAHHX T. Rowe Price Target 2040 Fund | 5.98% | 5.93% | 3.10% | 2.66% | 5.85% | 3.36% | 2.86% | 4.23% | 5.43% | 2.15% | 2.30% | 2.56% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 3.24% | 3.09% | 2.91% | 2.86% | 5.12% | 6.11% | 3.61% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAHHX vs. FRQKX - Drawdown Comparison
The maximum PAHHX drawdown since its inception was -28.58%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for PAHHX and FRQKX.
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Drawdown Indicators
| PAHHX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -16.97% | -11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -3.42% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -16.97% | -8.83% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | — | — |
Current DrawdownCurrent decline from peak | -5.83% | -2.45% | -3.38% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -3.95% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.86% | +1.39% |
Volatility
PAHHX vs. FRQKX - Volatility Comparison
T. Rowe Price Target 2040 Fund (PAHHX) has a higher volatility of 4.66% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 2.14%. This indicates that PAHHX's price experiences larger fluctuations and is considered to be riskier than FRQKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAHHX | FRQKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 2.14% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 2.96% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 4.67% | +7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.27% | 5.53% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.64% | 5.77% | +6.87% |