STLAX vs. FRAMX
Compare and contrast key facts about BlackRock LifePath Dynamic Retirement Fund (STLAX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
STLAX is managed by BlackRock. It was launched on Feb 28, 1994. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
STLAX vs. FRAMX - Performance Comparison
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STLAX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STLAX BlackRock LifePath Dynamic Retirement Fund | -1.32% | 12.00% | 8.16% | 12.51% | -14.86% | 6.87% | 12.83% | 16.91% | -3.65% | 10.96% |
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, STLAX achieves a -1.32% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, STLAX has outperformed FRAMX with an annualized return of 6.01%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
STLAX
- 1D
- 0.10%
- 1M
- -4.60%
- YTD
- -1.32%
- 6M
- 0.03%
- 1Y
- 9.70%
- 3Y*
- 8.62%
- 5Y*
- 3.99%
- 10Y*
- 6.01%
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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STLAX vs. FRAMX - Expense Ratio Comparison
STLAX has a 0.51% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
STLAX vs. FRAMX — Risk / Return Rank
STLAX
FRAMX
STLAX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic Retirement Fund (STLAX) 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.
| STLAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.50 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.69 | 2.09 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.00 | -0.44 |
Martin ratioReturn relative to average drawdown | 7.18 | 8.06 | -0.88 |
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
| STLAX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.50 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.41 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.82 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.49 | +0.34 |
Correlation
The correlation between STLAX and FRAMX is 0.88, 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
STLAX vs. FRAMX - Dividend Comparison
STLAX's dividend yield for the trailing twelve months is around 4.90%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STLAX BlackRock LifePath Dynamic Retirement Fund | 4.90% | 4.83% | 11.22% | 8.31% | 1.14% | 14.51% | 6.38% | 2.55% | 9.46% | 8.75% | 1.47% | 5.58% |
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
STLAX vs. FRAMX - Drawdown Comparison
The maximum STLAX drawdown since its inception was -25.68%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for STLAX and FRAMX.
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Drawdown Indicators
| STLAX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.68% | -33.94% | +8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -3.45% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -16.31% | -4.27% |
Max Drawdown (10Y)Largest decline over 10 years | -20.58% | -16.31% | -4.27% |
Current DrawdownCurrent decline from peak | -4.60% | -3.20% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -3.87% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 0.86% | +0.39% |
Volatility
STLAX vs. FRAMX - Volatility Comparison
BlackRock LifePath Dynamic Retirement Fund (STLAX) has a higher volatility of 3.05% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that STLAX'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
| STLAX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.96% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.97% | 2.86% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.25% | 4.59% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.17% | 5.21% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.81% | 4.47% | +4.34% |