PHTNX vs. FRKMX

Last updated Aug 1, 2026

PHTNX (Principal LifeTime Hybrid 2030 Fund) and FRKMX (Fidelity Managed Retirement Income Fund Class K) are both Target Retirement Date funds. Their 0.78 correlation means they have sometimes moved together and sometimes differently. PHTNX charges 0.05%/yr vs 0.35%/yr for FRKMX.

Performance

PHTNX vs. FRKMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime Hybrid 2030 Fund (PHTNX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PHTNX

• 1D: 0.99%
• 1M: -0.20%
• 6M: 4.02%
• YTD: 6.05%
• 1Y: 13.80%
• 3Y*: 11.69%
• 5Y*: 5.98%
• 10Y*: 8.37%
• ALL TIME*: 7.94%

FRKMX

• 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)
PHTNX Principal LifeTime Hybrid 2030 Fund	$0.00	$0.00	$0.00

PHTNX vs. FRKMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PHTNX Principal LifeTime Hybrid 2030 Fund	6.05%	14.41%	11.06%	14.92%	-16.76%	13.88%	14.74%	6.35%
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 PHTNX and FRKMX is 0.83, 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.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.79
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.78

The correlation between PHTNX and FRKMX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

Return for Risk

PHTNX vs. FRKMX — Risk / Return Rank

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

PHTNX

PHTNX Risk / Return Rank: 64
PHTNX Sharpe Ratio Rank: 60
PHTNX Sortino Ratio Rank: 59
PHTNX Omega Ratio Rank: 60
PHTNX Calmar Ratio Rank: 65
PHTNX Martin Ratio Rank: 76

FRKMX

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.

PHTNX vs. FRKMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2030 Fund (PHTNX) 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.

	PHTNX	FRKMX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.24	—	—
Martin ratio: Return relative to average drawdown	9.57	—	—

Drawdowns

Drawdown Indicators

	PHTNX	FRKMX	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.79%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.52%	—	—
Current Drawdown Current decline from peak	-1.04%	—	—
Average Drawdown Average peak-to-trough decline	-3.94%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	—	—

Volatility

Volatility by Period

	PHTNX	FRKMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.39%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.59%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.19%	—	—

PHTNX vs. FRKMX - Expense Ratio Comparison

PHTNX has a 0.05% expense ratio, which is lower than FRKMX's 0.35% expense ratio.

Dividends

PHTNX vs. FRKMX - Dividend Comparison

PHTNX's dividend yield for the trailing twelve months is around 4.35%, 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	102.91%	3.11%	3.12%	2.92%	4.66%	3.65%	2.56%	1.85%	0.00%	0.00%	0.00%	0.00%
PHTNX Principal LifeTime Hybrid 2030 Fund	4.35%	4.62%	3.71%	3.42%	8.05%	5.40%	4.44%	3.70%	3.79%	2.52%	2.28%	1.68%

Frequently Asked Questions

Can I hold both PHTNX and FRKMX in my portfolio?

PHTNX and FRKMX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.