TBLKX vs. FIRMX
Compare and contrast key facts about T. Rowe Price Retirement Blend 2045 Fund (TBLKX) and Fidelity Managed Retirement Income Fund (FIRMX).
TBLKX 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
TBLKX vs. FIRMX - Performance Comparison
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TBLKX vs. FIRMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TBLKX T. Rowe Price Retirement Blend 2045 Fund | -3.69% | 19.98% | 14.79% | 20.88% | -18.12% | 4.14% |
FIRMX Fidelity Managed Retirement Income Fund | -0.50% | 9.95% | 4.29% | 8.07% | -11.66% | 0.04% |
Returns By Period
In the year-to-date period, TBLKX achieves a -3.69% return, which is significantly lower than FIRMX's -0.50% return.
TBLKX
- 1D
- -0.33%
- 1M
- -8.92%
- YTD
- -3.69%
- 6M
- -0.87%
- 1Y
- 15.76%
- 3Y*
- 14.57%
- 5Y*
- —
- 10Y*
- —
FIRMX
- 1D
- 0.27%
- 1M
- -2.79%
- YTD
- -0.50%
- 6M
- 0.54%
- 1Y
- 6.77%
- 3Y*
- 5.96%
- 5Y*
- 2.41%
- 10Y*
- 3.92%
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TBLKX vs. FIRMX - Expense Ratio Comparison
TBLKX has a 0.25% expense ratio, which is lower than FIRMX's 0.45% expense ratio.
Return for Risk
TBLKX vs. FIRMX — Risk / Return Rank
TBLKX
FIRMX
TBLKX vs. FIRMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Blend 2045 Fund (TBLKX) 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.
| TBLKX | FIRMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.56 | -0.57 |
Sortino ratioReturn per unit of downside risk | 1.46 | 2.17 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.08 | -0.86 |
Martin ratioReturn relative to average drawdown | 5.75 | 8.41 | -2.66 |
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
| TBLKX | FIRMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.56 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.52 | -0.07 |
Correlation
The correlation between TBLKX and FIRMX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TBLKX vs. FIRMX - Dividend Comparison
TBLKX's dividend yield for the trailing twelve months is around 2.60%, less than FIRMX's 3.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBLKX T. Rowe Price Retirement Blend 2045 Fund | 2.60% | 2.50% | 2.01% | 1.95% | 1.96% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIRMX Fidelity Managed Retirement Income Fund | 3.16% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
Drawdowns
TBLKX vs. FIRMX - Drawdown Comparison
The maximum TBLKX drawdown since its inception was -26.34%, smaller than the maximum FIRMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for TBLKX and FIRMX.
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Drawdown Indicators
| TBLKX | FIRMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.34% | -33.73% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.52% | -3.44% | -8.08% |
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 | -9.26% | -3.18% | -6.08% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -3.73% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 0.85% | +1.60% |
Volatility
TBLKX vs. FIRMX - Volatility Comparison
T. Rowe Price Retirement Blend 2045 Fund (TBLKX) has a higher volatility of 4.95% compared to Fidelity Managed Retirement Income Fund (FIRMX) at 1.96%. This indicates that TBLKX'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.
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Volatility by Period
| TBLKX | FIRMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 1.96% | +2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 2.86% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 4.59% | +11.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 5.21% | +10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 4.47% | +10.87% |