TBLJX vs. FRAMX
Compare and contrast key facts about T. Rowe Price Retirement Blend 2040 Fund (TBLJX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
TBLJX is managed by T. Rowe Price. It was launched on Jul 25, 2021. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
TBLJX vs. FRAMX - Performance Comparison
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TBLJX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TBLJX T. Rowe Price Retirement Blend 2040 Fund | -3.39% | 18.81% | 13.87% | 20.14% | -17.93% | 3.89% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | -0.07% |
Returns By Period
In the year-to-date period, TBLJX achieves a -3.39% return, which is significantly lower than FRAMX's -0.57% return.
TBLJX
- 1D
- -0.25%
- 1M
- -8.35%
- YTD
- -3.39%
- 6M
- -0.71%
- 1Y
- 14.78%
- 3Y*
- 13.82%
- 5Y*
- —
- 10Y*
- —
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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TBLJX vs. FRAMX - Expense Ratio Comparison
TBLJX has a 0.24% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
TBLJX vs. FRAMX — Risk / Return Rank
TBLJX
FRAMX
TBLJX vs. FRAMX - 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 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.
| TBLJX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.50 | -0.49 |
Sortino ratioReturn per unit of downside risk | 1.49 | 2.09 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.00 | -0.77 |
Martin ratioReturn relative to average drawdown | 5.77 | 8.06 | -2.29 |
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
| TBLJX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.50 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.49 | -0.05 |
Correlation
The correlation between TBLJX and FRAMX 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. FRAMX - Dividend Comparison
TBLJX's dividend yield for the trailing twelve months is around 2.67%, less than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBLJX T. Rowe Price Retirement Blend 2040 Fund | 2.67% | 2.58% | 2.05% | 2.19% | 1.97% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
TBLJX vs. FRAMX - Drawdown Comparison
The maximum TBLJX drawdown since its inception was -25.86%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for TBLJX and FRAMX.
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Drawdown Indicators
| TBLJX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.86% | -33.94% | +8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -3.45% | -7.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.31% | — |
Current DrawdownCurrent decline from peak | -8.63% | -3.20% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -3.87% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 0.86% | +1.43% |
Volatility
TBLJX vs. FRAMX - Volatility Comparison
T. Rowe Price Retirement Blend 2040 Fund (TBLJX) has a higher volatility of 4.62% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that TBLJX'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
| TBLJX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 1.96% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.27% | 2.86% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 4.59% | +10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 5.21% | +9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.49% | 4.47% | +10.02% |