PAKRX vs. FRKMX
Compare and contrast key facts about T. Rowe Price Target 2030 Fund (PAKRX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
PAKRX is managed by T. Rowe Price. It was launched on Aug 19, 2013. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
PAKRX vs. FRKMX - Performance Comparison
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PAKRX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PAKRX T. Rowe Price Target 2030 Fund | -0.47% | 12.52% | 9.22% | 13.85% | -15.44% | 11.09% | 13.88% | 5.67% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, PAKRX achieves a -0.47% return, which is significantly lower than FRKMX's 0.27% return.
PAKRX
- 1D
- 1.51%
- 1M
- -3.84%
- YTD
- -0.47%
- 6M
- 1.11%
- 1Y
- 10.50%
- 3Y*
- 9.97%
- 5Y*
- 4.63%
- 10Y*
- 7.19%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
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PAKRX vs. FRKMX - Expense Ratio Comparison
PAKRX has a 0.81% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
PAKRX vs. FRKMX — Risk / Return Rank
PAKRX
FRKMX
PAKRX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2030 Fund (PAKRX) 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.
| PAKRX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.72 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.41 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.35 | -1.00 |
Martin ratioReturn relative to average drawdown | 6.13 | 9.34 | -3.21 |
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
| PAKRX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.72 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.49 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.71 | -0.01 |
Correlation
The correlation between PAKRX and FRKMX is 0.76, 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
PAKRX vs. FRKMX - Dividend Comparison
PAKRX's dividend yield for the trailing twelve months is around 7.19%, more than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAKRX T. Rowe Price Target 2030 Fund | 7.19% | 7.16% | 4.31% | 3.54% | 6.16% | 3.54% | 2.99% | 3.62% | 5.26% | 1.90% | 1.79% | 1.76% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAKRX vs. FRKMX - Drawdown Comparison
The maximum PAKRX drawdown since its inception was -24.66%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for PAKRX and FRKMX.
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Drawdown Indicators
| PAKRX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.66% | -16.04% | -8.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -3.42% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -16.04% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -24.66% | — | — |
Current DrawdownCurrent decline from peak | -4.22% | -2.44% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -3.64% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.86% | +0.75% |
Volatility
PAKRX vs. FRKMX - Volatility Comparison
T. Rowe Price Target 2030 Fund (PAKRX) has a higher volatility of 3.39% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that PAKRX'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
| PAKRX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 2.14% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.34% | 2.95% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.00% | 4.63% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.20% | 5.23% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.94% | 5.14% | +4.80% |