PARFX vs. FRQKX
Compare and contrast key facts about T. Rowe Price Retirement 2050 Fund (PARFX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
PARFX is managed by T. Rowe Price. It was launched on Dec 28, 2006. FRQKX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
PARFX vs. FRQKX - Performance Comparison
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PARFX vs. FRQKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PARFX T. Rowe Price Retirement 2050 Fund | -1.08% | 18.56% | 13.90% | 20.55% | -19.31% | 17.22% | 18.32% | 7.74% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | -0.48% | 9.91% | 4.42% | 8.62% | -12.30% | 3.95% | 9.68% | 3.94% |
Returns By Period
In the year-to-date period, PARFX achieves a -1.08% return, which is significantly lower than FRQKX's -0.48% return.
PARFX
- 1D
- 2.78%
- 1M
- -6.48%
- YTD
- -1.08%
- 6M
- 1.41%
- 1Y
- 16.84%
- 3Y*
- 14.85%
- 5Y*
- 7.25%
- 10Y*
- 10.28%
FRQKX
- 1D
- 0.25%
- 1M
- -3.18%
- YTD
- -0.48%
- 6M
- 0.80%
- 1Y
- 7.18%
- 3Y*
- 6.11%
- 5Y*
- 2.52%
- 10Y*
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PARFX vs. FRQKX - Expense Ratio Comparison
PARFX has a 0.89% expense ratio, which is higher than FRQKX's 0.36% expense ratio.
Return for Risk
PARFX vs. FRQKX — Risk / Return Rank
PARFX
FRQKX
PARFX vs. FRQKX - 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 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.
| PARFX | FRQKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.58 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.58 | 2.20 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.12 | -0.64 |
Martin ratioReturn relative to average drawdown | 6.63 | 8.53 | -1.90 |
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 | FRQKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.58 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.46 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.68 | -0.24 |
Correlation
The correlation between PARFX 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
PARFX vs. FRQKX - Dividend Comparison
PARFX's dividend yield for the trailing twelve months is around 3.86%, more than FRQKX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARFX T. Rowe Price Retirement 2050 Fund | 3.86% | 3.82% | 1.69% | 4.32% | 7.60% | 6.77% | 4.27% | 5.55% | 8.33% | 2.34% | 3.11% | 4.00% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 3.27% | 3.09% | 2.91% | 2.86% | 5.12% | 6.11% | 3.61% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PARFX vs. FRQKX - Drawdown Comparison
The maximum PARFX drawdown since its inception was -53.67%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for PARFX and FRQKX.
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Drawdown Indicators
| PARFX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.67% | -16.97% | -36.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -3.42% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -28.08% | -16.97% | -11.11% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | — | — |
Current DrawdownCurrent decline from peak | -7.26% | -3.18% | -4.08% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -3.95% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 0.85% | +1.74% |
Volatility
PARFX vs. FRQKX - Volatility Comparison
T. Rowe Price Retirement 2050 Fund (PARFX) has a higher volatility of 5.98% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 1.97%. This indicates that PARFX'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
| PARFX | FRQKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 1.97% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 2.87% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 4.62% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 5.52% | +9.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 5.77% | +9.60% |