PAOFX vs. FRQKX
Compare and contrast key facts about T. Rowe Price Target 2050 Fund (PAOFX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
PAOFX 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
PAOFX vs. FRQKX - Performance Comparison
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PAOFX vs. FRQKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PAOFX T. Rowe Price Target 2050 Fund | -0.99% | 17.86% | 13.37% | 19.70% | -19.27% | 16.11% | 17.65% | 7.22% |
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, PAOFX achieves a -0.99% return, which is significantly lower than FRQKX's 0.27% return.
PAOFX
- 1D
- 2.63%
- 1M
- -6.17%
- YTD
- -0.99%
- 6M
- 1.41%
- 1Y
- 16.17%
- 3Y*
- 14.29%
- 5Y*
- 6.81%
- 10Y*
- 9.75%
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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PAOFX vs. FRQKX - Expense Ratio Comparison
PAOFX has a 0.88% expense ratio, which is higher than FRQKX's 0.36% expense ratio.
Return for Risk
PAOFX vs. FRQKX — Risk / Return Rank
PAOFX
FRQKX
PAOFX vs. FRQKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2050 Fund (PAOFX) 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.
| PAOFX | FRQKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.73 | -0.63 |
Sortino ratioReturn per unit of downside risk | 1.62 | 2.42 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.37 | -1.20 |
Martin ratioReturn relative to average drawdown | 5.35 | 9.37 | -4.02 |
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
| PAOFX | FRQKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.73 | -0.63 |
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 | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.70 | -0.06 |
Correlation
The correlation between PAOFX and FRQKX is 0.75, 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
PAOFX vs. FRQKX - Dividend Comparison
PAOFX's dividend yield for the trailing twelve months is around 4.67%, more than FRQKX's 3.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAOFX T. Rowe Price Target 2050 Fund | 4.67% | 4.62% | 2.43% | 2.48% | 5.30% | 3.47% | 2.61% | 4.21% | 5.34% | 2.31% | 2.31% | 2.44% |
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
PAOFX vs. FRQKX - Drawdown Comparison
The maximum PAOFX drawdown since its inception was -30.94%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for PAOFX and FRQKX.
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Drawdown Indicators
| PAOFX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.94% | -16.97% | -13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -3.42% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -16.97% | -10.81% |
Max Drawdown (10Y)Largest decline over 10 years | -30.94% | — | — |
Current DrawdownCurrent decline from peak | -6.92% | -2.45% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -3.95% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 0.86% | +1.87% |
Volatility
PAOFX vs. FRQKX - Volatility Comparison
T. Rowe Price Target 2050 Fund (PAOFX) has a higher volatility of 5.67% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 2.14%. This indicates that PAOFX'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
| PAOFX | FRQKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 2.14% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 2.96% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 4.67% | +10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 5.53% | +8.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 5.77% | +8.87% |