TBLJX vs. FIRMX
Compare and contrast key facts about T. Rowe Price Retirement Blend 2040 Fund (TBLJX) and Fidelity Managed Retirement Income Fund (FIRMX).
TBLJX is managed by T. Rowe Price. It was launched on Jul 25, 2021. FIRMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
TBLJX vs. FIRMX - Performance Comparison
Loading graphics...
TBLJX vs. FIRMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TBLJX T. Rowe Price Retirement Blend 2040 Fund | -0.97% | 18.81% | 13.87% | 20.14% | -17.93% | 3.89% |
FIRMX Fidelity Managed Retirement Income Fund | 0.24% | 9.95% | 4.29% | 8.07% | -11.66% | 0.04% |
Returns By Period
In the year-to-date period, TBLJX achieves a -0.97% return, which is significantly lower than FIRMX's 0.24% return.
TBLJX
- 1D
- 2.51%
- 1M
- -5.62%
- YTD
- -0.97%
- 6M
- 1.45%
- 1Y
- 17.33%
- 3Y*
- 14.76%
- 5Y*
- —
- 10Y*
- —
FIRMX
- 1D
- 0.74%
- 1M
- -2.07%
- YTD
- 0.24%
- 6M
- 1.29%
- 1Y
- 7.55%
- 3Y*
- 6.22%
- 5Y*
- 2.46%
- 10Y*
- 4.00%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TBLJX vs. FIRMX - Expense Ratio Comparison
TBLJX has a 0.24% expense ratio, which is lower than FIRMX's 0.45% expense ratio.
Return for Risk
TBLJX vs. FIRMX — Risk / Return Rank
TBLJX
FIRMX
TBLJX vs. FIRMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Blend 2040 Fund (TBLJX) and Fidelity Managed Retirement Income Fund (FIRMX). 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.
| TBLJX | FIRMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.70 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.74 | 2.38 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.30 | -0.66 |
Martin ratioReturn relative to average drawdown | 7.61 | 9.15 | -1.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TBLJX | FIRMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.70 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.53 | -0.04 |
Correlation
The correlation between TBLJX and FIRMX is 0.71, 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
TBLJX vs. FIRMX - Dividend Comparison
TBLJX's dividend yield for the trailing twelve months is around 2.60%, less than FIRMX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBLJX T. Rowe Price Retirement Blend 2040 Fund | 2.60% | 2.58% | 2.05% | 2.19% | 1.97% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIRMX Fidelity Managed Retirement Income Fund | 3.14% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
Drawdowns
TBLJX vs. FIRMX - Drawdown Comparison
The maximum TBLJX drawdown since its inception was -25.86%, smaller than the maximum FIRMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for TBLJX and FIRMX.
Loading graphics...
Drawdown Indicators
| TBLJX | FIRMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.86% | -33.73% | +7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -3.44% | -7.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.11% | — |
Current DrawdownCurrent decline from peak | -6.34% | -2.46% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -3.73% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.87% | +1.45% |
Volatility
TBLJX vs. FIRMX - Volatility Comparison
T. Rowe Price Retirement Blend 2040 Fund (TBLJX) has a higher volatility of 5.45% compared to Fidelity Managed Retirement Income Fund (FIRMX) at 2.13%. This indicates that TBLJX's price experiences larger fluctuations and is considered to be riskier than FIRMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TBLJX | FIRMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 2.13% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 2.94% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 4.64% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 5.22% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 4.48% | +10.05% |