STLEX vs. FRAMX
Compare and contrast key facts about BlackRock LifePath Dynamic 2040 Fund (STLEX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
STLEX is managed by BlackRock. It was launched on Feb 28, 1994. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
STLEX vs. FRAMX - Performance Comparison
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STLEX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STLEX BlackRock LifePath Dynamic 2040 Fund | -2.77% | 16.87% | 4.80% | 19.45% | -17.10% | 16.01% | 14.01% | 25.74% | -7.40% | 20.00% |
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, STLEX achieves a -2.77% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, STLEX has outperformed FRAMX with an annualized return of 8.89%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
STLEX
- 1D
- -0.11%
- 1M
- -7.21%
- YTD
- -2.77%
- 6M
- -0.85%
- 1Y
- 13.97%
- 3Y*
- 10.07%
- 5Y*
- 5.54%
- 10Y*
- 8.89%
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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STLEX vs. FRAMX - Expense Ratio Comparison
STLEX has a 0.47% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
STLEX vs. FRAMX — Risk / Return Rank
STLEX
FRAMX
STLEX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock LifePath Dynamic 2040 Fund (STLEX) 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.
| STLEX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.50 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.48 | 2.09 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.00 | -0.73 |
Martin ratioReturn relative to average drawdown | 6.16 | 8.06 | -1.90 |
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
| STLEX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.50 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.41 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.82 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.49 | -0.03 |
Correlation
The correlation between STLEX and FRAMX is 0.85, 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
STLEX vs. FRAMX - Dividend Comparison
STLEX's dividend yield for the trailing twelve months is around 6.31%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STLEX BlackRock LifePath Dynamic 2040 Fund | 6.31% | 6.14% | 2.31% | 4.81% | 2.21% | 20.42% | 4.25% | 6.64% | 14.47% | 14.38% | 1.84% | 10.65% |
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
STLEX vs. FRAMX - Drawdown Comparison
The maximum STLEX drawdown since its inception was -54.19%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for STLEX and FRAMX.
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Drawdown Indicators
| STLEX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.19% | -33.94% | -20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -3.45% | -6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -16.31% | -8.62% |
Max Drawdown (10Y)Largest decline over 10 years | -33.13% | -16.31% | -16.82% |
Current DrawdownCurrent decline from peak | -7.59% | -3.20% | -4.39% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -3.87% | -5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 0.86% | +1.19% |
Volatility
STLEX vs. FRAMX - Volatility Comparison
BlackRock LifePath Dynamic 2040 Fund (STLEX) has a higher volatility of 4.69% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that STLEX'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
| STLEX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 1.96% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 2.86% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 4.59% | +9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 5.21% | +9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 4.47% | +10.17% |