PDFEX vs. FRQKX

Last updated Aug 1, 2026

PDFEX (Prudential Day One 2030 Fund) and FRQKX (Fidelity Managed Retirement 2010 Fund Class K) are both Target Retirement Date funds. Their correlation of 0.84 means they have usually moved in the same direction. PDFEX charges 0.49%/yr vs 0.36%/yr for FRQKX.

Performance

PDFEX vs. FRQKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Prudential Day One 2030 Fund (PDFEX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PDFEX

• 1D: 0.97%
• 1M: 0.16%
• 6M: 4.69%
• YTD: 6.84%
• 1Y: 13.10%
• 3Y*: 13.93%
• 5Y*: 7.55%
• 10Y*: —
• ALL TIME*: 8.84%

FRQKX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PDFEX Prudential Day One 2030 Fund	$0.00	$0.00	$0.00

PDFEX vs. FRQKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PDFEX Prudential Day One 2030 Fund	6.84%	12.11%	19.96%	12.14%	-13.56%	14.36%	9.48%	5.86%
FRQKX Fidelity Managed Retirement 2010 Fund Class K	3.66%	9.91%	4.42%	8.62%	-12.30%	3.95%	9.68%	3.94%

Correlation

The correlation between PDFEX and FRQKX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.84

The correlation between PDFEX and FRQKX has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

Return for Risk

PDFEX vs. FRQKX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDFEX

PDFEX Risk / Return Rank: 76
PDFEX Sharpe Ratio Rank: 74
PDFEX Sortino Ratio Rank: 74
PDFEX Omega Ratio Rank: 74
PDFEX Calmar Ratio Rank: 71
PDFEX Martin Ratio Rank: 84

FRQKX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDFEX vs. FRQKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prudential Day One 2030 Fund (PDFEX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PDFEX	FRQKX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.57	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.37	—	—
Martin ratio: Return relative to average drawdown	10.72	—	—

Drawdowns

Drawdown Indicators

	PDFEX	FRQKX	Difference
Max Drawdown Largest peak-to-trough decline	-24.53%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	—	—
Current Drawdown Current decline from peak	-0.40%	—	—
Average Drawdown Average peak-to-trough decline	-3.37%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	—	—

Volatility

Volatility by Period

	PDFEX	FRQKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.01%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.31%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.64%	—	—

PDFEX vs. FRQKX - Expense Ratio Comparison

PDFEX has a 0.49% expense ratio, which is higher than FRQKX's 0.36% expense ratio.

Dividends

PDFEX vs. FRQKX - Dividend Comparison

PDFEX's dividend yield for the trailing twelve months is around 3.64%, more than FRQKX's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRQKX Fidelity Managed Retirement 2010 Fund Class K	2.96%	3.09%	2.91%	2.86%	5.12%	6.11%	3.61%	2.57%	0.00%	0.00%
PDFEX Prudential Day One 2030 Fund	3.64%	3.89%	22.09%	3.74%	8.84%	8.52%	1.89%	5.02%	4.15%	1.27%

Frequently Asked Questions

Can I hold both PDFEX and FRQKX in my portfolio?

PDFEX and FRQKX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.