PHTMX vs. FRKMX
PHTMX (Principal LifeTime Hybrid 2015 Fund) and FRKMX (Fidelity Managed Retirement Income Fund Class K) are both Target Retirement Date funds. Their correlation of 0.87 suggests significant overlap in exposure. PHTMX charges 0.05%/yr vs 0.35%/yr for FRKMX.
Performance
PHTMX vs. FRKMX - Performance Comparison
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Returns By Period
PHTMX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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FRKMX
- 1D
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- 1M
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- 6M
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- YTD
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- 1Y
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- 3Y*
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- 5Y*
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- 10Y*
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PHTMX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PHTMX Principal LifeTime Hybrid 2015 Fund | 4.29% | 11.23% | 7.87% | 11.09% | -13.61% | 7.83% | 11.84% | 4.40% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 15,640,638.04% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Correlation
The correlation between PHTMX and FRKMX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019 | 0.87 |
The correlation between PHTMX and FRKMX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
PHTMX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2015 Fund (PHTMX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
PHTMX vs. FRKMX - Drawdown Comparison
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Volatility
PHTMX vs. FRKMX - Volatility Comparison
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PHTMX vs. FRKMX - Expense Ratio Comparison
PHTMX has a 0.05% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Dividends
PHTMX vs. FRKMX - Dividend Comparison
PHTMX's dividend yield for the trailing twelve months is around 5.36%, less than FRKMX's 103.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRKMX Fidelity Managed Retirement Income Fund Class K | 103.22% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
PHTMX Principal LifeTime Hybrid 2015 Fund | 5.36% | 4.41% | 3.87% | 3.45% | 5.20% | 5.53% | 4.89% | 3.11% | 2.24% | 2.33% | 2.00% | 1.61% |
Frequently Asked Questions
With a correlation of 0.92, PHTMX and FRKMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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