PDDDX vs. FRAMX
Compare and contrast key facts about Prudential Day One 2020 Fund (PDDDX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
PDDDX is managed by PGIM. It was launched on Dec 12, 2016. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PDDDX vs. FRAMX - Performance Comparison
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PDDDX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDDDX Prudential Day One 2020 Fund | 0.77% | 10.40% | 15.97% | 9.52% | -12.63% | 36.80% | 8.13% | 14.99% | -4.65% | 10.17% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.55% |
Returns By Period
In the year-to-date period, PDDDX achieves a 0.77% return, which is significantly higher than FRAMX's 0.18% return.
PDDDX
- 1D
- 1.16%
- 1M
- -2.33%
- YTD
- 0.77%
- 6M
- 1.81%
- 1Y
- 9.25%
- 3Y*
- 10.93%
- 5Y*
- 10.53%
- 10Y*
- —
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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PDDDX vs. FRAMX - Expense Ratio Comparison
PDDDX has a 0.76% expense ratio, which is higher than FRAMX's 0.70% expense ratio.
Return for Risk
PDDDX vs. FRAMX — Risk / Return Rank
PDDDX
FRAMX
PDDDX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2020 Fund (PDDDX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| PDDDX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.64 | -0.21 |
Sortino ratioReturn per unit of downside risk | 2.03 | 2.30 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.22 | -0.39 |
Martin ratioReturn relative to average drawdown | 8.88 | 8.81 | +0.06 |
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
| PDDDX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.64 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.42 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.50 | +0.28 |
Correlation
The correlation between PDDDX and FRAMX is 0.85, 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
PDDDX vs. FRAMX - Dividend Comparison
PDDDX's dividend yield for the trailing twelve months is around 4.02%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDDDX Prudential Day One 2020 Fund | 4.02% | 4.05% | 19.73% | 3.22% | 8.41% | 28.05% | 1.91% | 3.76% | 3.05% | 0.86% | 0.00% | 0.00% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
PDDDX vs. FRAMX - Drawdown Comparison
The maximum PDDDX drawdown since its inception was -18.88%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PDDDX and FRAMX.
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Drawdown Indicators
| PDDDX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -33.94% | +15.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.29% | -3.45% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.64% | -16.31% | -0.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -2.60% | -2.47% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -3.86% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.87% | +0.22% |
Volatility
PDDDX vs. FRAMX - Volatility Comparison
Prudential Day One 2020 Fund (PDDDX) has a higher volatility of 2.43% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that PDDDX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDDDX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 2.14% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 2.95% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.65% | 4.64% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 5.22% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.45% | 4.48% | +6.97% |