PHTQX vs. FRKMX

Last updated Jul 15, 2026

PHTQX (Principal LifeTime Hybrid 2025 Fund) and FRKMX (Fidelity Managed Retirement Income Fund Class K) are both Target Retirement Date funds. Their correlation of 0.80 suggests significant overlap in exposure. PHTQX charges 0.05%/yr vs 0.35%/yr for FRKMX.

Performance

PHTQX vs. FRKMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal LifeTime Hybrid 2025 Fund (PHTQX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PHTQX

• 1D: -0.69%
• 1M: -0.35%
• 6M: 3.53%
• YTD: 4.97%
• 1Y: 11.94%
• 3Y*: 10.72%
• 5Y*: 5.32%
• 10Y*: 7.60%

FRKMX

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

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

PHTQX vs. FRKMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PHTQX Principal LifeTime Hybrid 2025 Fund	4.97%	13.11%	9.88%	13.23%	-15.18%	11.94%	13.62%	5.82%
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 PHTQX and FRKMX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.80

The correlation between PHTQX and FRKMX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

PHTQX vs. FRKMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PHTQX

PHTQX Risk / Return Rank: 61
PHTQX Sharpe Ratio Rank: 57
PHTQX Sortino Ratio Rank: 58
PHTQX Omega Ratio Rank: 59
PHTQX Calmar Ratio Rank: 61
PHTQX Martin Ratio Rank: 71

FRKMX

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PHTQX vs. FRKMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2025 Fund (PHTQX) 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.

	PHTQX	FRKMX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.36	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.36	—	—
Martin ratio: Return relative to average drawdown	10.21	—	—

Drawdowns

Drawdown Indicators

	PHTQX	FRKMX	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.11%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.90%	—	—
Current Drawdown Current decline from peak	-1.10%	—	—
Average Drawdown Average peak-to-trough decline	-3.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	—	—

Volatility

Volatility by Period

	PHTQX	FRKMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.17%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.76%	—	—

PHTQX vs. FRKMX - Expense Ratio Comparison

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

Dividends

PHTQX vs. FRKMX - Dividend Comparison

PHTQX's dividend yield for the trailing twelve months is around 4.69%, 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%
PHTQX Principal LifeTime Hybrid 2025 Fund	4.69%	4.92%	3.90%	3.52%	6.72%	5.24%	4.32%	3.33%	3.41%	2.33%	1.90%	1.79%

Frequently Asked Questions

Can I hold both PHTQX and FRKMX in my portfolio?

PHTQX and FRKMX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.