PANRX vs. FRKMX
Compare and contrast key facts about T. Rowe Price Target 2005 Fund (PANRX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
PANRX 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
PANRX vs. FRKMX - Performance Comparison
Loading graphics...
PANRX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PANRX T. Rowe Price Target 2005 Fund | -0.34% | 10.11% | 6.93% | 10.24% | -12.79% | 6.83% | 10.62% | 4.12% |
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, PANRX achieves a -0.34% return, which is significantly lower than FRKMX's 0.27% return.
PANRX
- 1D
- 1.03%
- 1M
- -2.81%
- YTD
- -0.34%
- 6M
- 0.92%
- 1Y
- 7.83%
- 3Y*
- 7.63%
- 5Y*
- 3.38%
- 10Y*
- 4.97%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PANRX vs. FRKMX - Expense Ratio Comparison
PANRX has a 0.70% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
PANRX vs. FRKMX — Risk / Return Rank
PANRX
FRKMX
PANRX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2005 Fund (PANRX) 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.
| PANRX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.72 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.41 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.35 | -0.74 |
Martin ratioReturn relative to average drawdown | 6.83 | 9.34 | -2.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PANRX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.72 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.49 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.71 | +0.06 |
Correlation
The correlation between PANRX and FRKMX is 0.84, 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
PANRX vs. FRKMX - Dividend Comparison
PANRX's dividend yield for the trailing twelve months is around 5.72%, more than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PANRX T. Rowe Price Target 2005 Fund | 5.72% | 5.70% | 3.03% | 2.75% | 8.26% | 6.01% | 4.07% | 3.14% | 3.94% | 1.35% | 0.28% | 1.07% |
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
PANRX vs. FRKMX - Drawdown Comparison
The maximum PANRX drawdown since its inception was -17.71%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for PANRX and FRKMX.
Loading graphics...
Drawdown Indicators
| PANRX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.71% | -16.04% | -1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -3.42% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.33% | -16.04% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -17.71% | — | — |
Current DrawdownCurrent decline from peak | -3.13% | -2.44% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -3.64% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.86% | +0.26% |
Volatility
PANRX vs. FRKMX - Volatility Comparison
T. Rowe Price Target 2005 Fund (PANRX) has a higher volatility of 2.42% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that PANRX'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.
Loading graphics...
Volatility by Period
| PANRX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 2.14% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 2.95% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 4.63% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 5.23% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 5.14% | +1.22% |