PVPNX vs. FRAMX
Compare and contrast key facts about PIMCO RealPath Blend 2040 Fund (PVPNX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
PVPNX is managed by PIMCO. It was launched on Dec 30, 2014. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
PVPNX vs. FRAMX - Performance Comparison
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PVPNX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVPNX PIMCO RealPath Blend 2040 Fund | -3.15% | 18.35% | 11.91% | 17.94% | -17.14% | 16.61% | 13.79% | 23.72% | -7.17% | 18.95% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, PVPNX achieves a -3.15% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, PVPNX has outperformed FRAMX with an annualized return of 9.32%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
PVPNX
- 1D
- -0.06%
- 1M
- -7.38%
- YTD
- -3.15%
- 6M
- -0.68%
- 1Y
- 14.08%
- 3Y*
- 12.41%
- 5Y*
- 7.08%
- 10Y*
- 9.32%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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PVPNX vs. FRAMX - Expense Ratio Comparison
PVPNX has a 0.06% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
PVPNX vs. FRAMX — Risk / Return Rank
PVPNX
FRAMX
PVPNX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO RealPath Blend 2040 Fund (PVPNX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| PVPNX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.50 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.65 | 2.09 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.00 | -0.64 |
Martin ratioReturn relative to average drawdown | 6.37 | 8.06 | -1.69 |
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
| PVPNX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.50 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.41 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.82 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.49 | +0.13 |
Correlation
The correlation between PVPNX and FRAMX is 0.80, 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
PVPNX vs. FRAMX - Dividend Comparison
PVPNX's dividend yield for the trailing twelve months is around 5.30%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVPNX PIMCO RealPath Blend 2040 Fund | 5.30% | 5.11% | 3.82% | 2.60% | 2.87% | 5.02% | 1.79% | 3.84% | 5.68% | 2.41% | 2.59% | 2.25% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
PVPNX vs. FRAMX - Drawdown Comparison
The maximum PVPNX drawdown since its inception was -29.15%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for PVPNX and FRAMX.
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Drawdown Indicators
| PVPNX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.15% | -33.94% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -3.45% | -6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -16.31% | -8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -29.15% | -16.31% | -12.84% |
Current DrawdownCurrent decline from peak | -7.64% | -3.20% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -3.87% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.86% | +1.19% |
Volatility
PVPNX vs. FRAMX - Volatility Comparison
PIMCO RealPath Blend 2040 Fund (PVPNX) has a higher volatility of 4.01% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that PVPNX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVPNX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 1.96% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 2.86% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 4.59% | +8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 5.21% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 4.47% | +8.80% |