PHTYX vs. FRKMX
Compare and contrast key facts about Principal LifeTime Hybrid 2045 Fund (PHTYX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
PHTYX is managed by Principal. It was launched on Sep 29, 2014. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
PHTYX vs. FRKMX - Performance Comparison
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PHTYX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PHTYX Principal LifeTime Hybrid 2045 Fund | -4.03% | 18.54% | 16.13% | 19.35% | -18.26% | 18.37% | 15.78% | 8.35% |
FRKMX Fidelity Managed Retirement Income Fund Class K | -0.48% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, PHTYX achieves a -4.03% return, which is significantly lower than FRKMX's -0.48% return.
PHTYX
- 1D
- -0.24%
- 1M
- -7.54%
- YTD
- -4.03%
- 6M
- -1.36%
- 1Y
- 15.19%
- 3Y*
- 14.03%
- 5Y*
- 7.67%
- 10Y*
- 9.95%
FRKMX
- 1D
- 0.26%
- 1M
- -3.17%
- YTD
- -0.48%
- 6M
- 0.79%
- 1Y
- 7.15%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
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PHTYX vs. FRKMX - Expense Ratio Comparison
PHTYX has a 0.05% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
PHTYX vs. FRKMX — Risk / Return Rank
PHTYX
FRKMX
PHTYX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal LifeTime Hybrid 2045 Fund (PHTYX) 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.
| PHTYX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.59 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.56 | 2.20 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 2.13 | -0.89 |
Martin ratioReturn relative to average drawdown | 6.22 | 8.58 | -2.36 |
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
| PHTYX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.59 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.48 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.69 | -0.07 |
Correlation
The correlation between PHTYX and FRKMX is 0.70, 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
PHTYX vs. FRKMX - Dividend Comparison
PHTYX's dividend yield for the trailing twelve months is around 5.14%, more than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHTYX Principal LifeTime Hybrid 2045 Fund | 5.14% | 4.94% | 4.41% | 3.05% | 9.68% | 4.72% | 3.45% | 3.63% | 4.66% | 2.24% | 2.00% | 1.66% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.27% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PHTYX vs. FRKMX - Drawdown Comparison
The maximum PHTYX drawdown since its inception was -30.61%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for PHTYX and FRKMX.
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Drawdown Indicators
| PHTYX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.61% | -16.04% | -14.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -3.42% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -16.04% | -8.90% |
Max Drawdown (10Y)Largest decline over 10 years | -30.61% | — | — |
Current DrawdownCurrent decline from peak | -7.95% | -3.17% | -4.78% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -3.64% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.85% | +1.34% |
Volatility
PHTYX vs. FRKMX - Volatility Comparison
Principal LifeTime Hybrid 2045 Fund (PHTYX) has a higher volatility of 4.60% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that PHTYX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHTYX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 1.96% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 2.86% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 4.58% | +10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 5.22% | +9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 5.13% | +9.62% |