PARFX vs. FRHMX
Compare and contrast key facts about T. Rowe Price Retirement 2050 Fund (PARFX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX).
PARFX is managed by T. Rowe Price. It was launched on Dec 28, 2006. FRHMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
PARFX vs. FRHMX - Performance Comparison
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PARFX vs. FRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PARFX T. Rowe Price Retirement 2050 Fund | -3.76% | 18.56% | 13.90% | 20.55% | -19.31% | 17.22% | 18.32% | 7.74% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | -0.45% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 3.17% |
Returns By Period
In the year-to-date period, PARFX achieves a -3.76% return, which is significantly lower than FRHMX's -0.45% return.
PARFX
- 1D
- -0.34%
- 1M
- -9.37%
- YTD
- -3.76%
- 6M
- -1.11%
- 1Y
- 13.98%
- 3Y*
- 13.80%
- 5Y*
- 6.96%
- 10Y*
- 9.98%
FRHMX
- 1D
- 0.27%
- 1M
- -3.16%
- YTD
- -0.45%
- 6M
- 0.86%
- 1Y
- 7.28%
- 3Y*
- 6.13%
- 5Y*
- 2.58%
- 10Y*
- —
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PARFX vs. FRHMX - Expense Ratio Comparison
PARFX has a 0.89% expense ratio, which is higher than FRHMX's 0.25% expense ratio.
Return for Risk
PARFX vs. FRHMX — Risk / Return Rank
PARFX
FRHMX
PARFX vs. FRHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2050 Fund (PARFX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX). 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.
| PARFX | FRHMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.61 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.32 | 2.24 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.15 | -1.10 |
Martin ratioReturn relative to average drawdown | 4.80 | 8.71 | -3.90 |
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
| PARFX | FRHMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.61 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.50 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.71 | -0.28 |
Correlation
The correlation between PARFX and FRHMX is 0.69, 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
PARFX vs. FRHMX - Dividend Comparison
PARFX's dividend yield for the trailing twelve months is around 3.97%, more than FRHMX's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARFX T. Rowe Price Retirement 2050 Fund | 3.97% | 3.82% | 1.69% | 4.32% | 7.60% | 6.77% | 4.27% | 5.55% | 8.33% | 2.34% | 3.11% | 4.00% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 3.39% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PARFX vs. FRHMX - Drawdown Comparison
The maximum PARFX drawdown since its inception was -53.67%, which is greater than FRHMX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for PARFX and FRHMX.
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Drawdown Indicators
| PARFX | FRHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.67% | -15.96% | -37.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -3.42% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -15.96% | -12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | — | — |
Current DrawdownCurrent decline from peak | -9.77% | -3.16% | -6.61% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -3.58% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 0.85% | +1.70% |
Volatility
PARFX vs. FRHMX - Volatility Comparison
T. Rowe Price Retirement 2050 Fund (PARFX) has a higher volatility of 5.05% compared to Fidelity Managed Retirement Income Fund Class K6 (FRHMX) at 1.96%. This indicates that PARFX's price experiences larger fluctuations and is considered to be riskier than FRHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PARFX | FRHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 1.96% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.00% | 2.86% | +6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 4.59% | +11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 5.22% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 5.14% | +10.21% |