TRRAX vs. FRQKX
Compare and contrast key facts about T. Rowe Price Retirement 2010 Fund (TRRAX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
TRRAX is managed by T. Rowe Price. It was launched on Sep 29, 2002. FRQKX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
TRRAX vs. FRQKX - Performance Comparison
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TRRAX vs. FRQKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRRAX T. Rowe Price Retirement 2010 Fund | -0.44% | 11.77% | 8.48% | 12.49% | -13.94% | 8.87% | 11.90% | 4.86% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 0.27% | 9.91% | 4.42% | 8.62% | -12.30% | 3.95% | 9.68% | 3.94% |
Returns By Period
In the year-to-date period, TRRAX achieves a -0.44% return, which is significantly lower than FRQKX's 0.27% return.
TRRAX
- 1D
- 1.34%
- 1M
- -3.45%
- YTD
- -0.44%
- 6M
- 1.08%
- 1Y
- 9.62%
- 3Y*
- 9.20%
- 5Y*
- 4.33%
- 10Y*
- 6.20%
FRQKX
- 1D
- 0.75%
- 1M
- -2.06%
- YTD
- 0.27%
- 6M
- 1.34%
- 1Y
- 7.69%
- 3Y*
- 6.38%
- 5Y*
- 2.56%
- 10Y*
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TRRAX vs. FRQKX - Expense Ratio Comparison
TRRAX has a 0.49% expense ratio, which is higher than FRQKX's 0.36% expense ratio.
Return for Risk
TRRAX vs. FRQKX — Risk / Return Rank
TRRAX
FRQKX
TRRAX vs. FRQKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2010 Fund (TRRAX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX). 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.
| TRRAX | FRQKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.73 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.42 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.37 | -0.75 |
Martin ratioReturn relative to average drawdown | 7.01 | 9.37 | -2.36 |
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
| TRRAX | FRQKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.73 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.47 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.70 | -0.01 |
Correlation
The correlation between TRRAX and FRQKX 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
TRRAX vs. FRQKX - Dividend Comparison
TRRAX's dividend yield for the trailing twelve months is around 5.89%, more than FRQKX's 3.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRAX T. Rowe Price Retirement 2010 Fund | 5.89% | 5.87% | 4.10% | 4.32% | 11.83% | 13.61% | 9.86% | 4.55% | 8.50% | 5.96% | 2.19% | 2.07% |
FRQKX Fidelity Managed Retirement 2010 Fund Class K | 3.24% | 3.09% | 2.91% | 2.86% | 5.12% | 6.11% | 3.61% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRAX vs. FRQKX - Drawdown Comparison
The maximum TRRAX drawdown since its inception was -38.81%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for TRRAX and FRQKX.
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Drawdown Indicators
| TRRAX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.81% | -16.97% | -21.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.77% | -3.42% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.40% | -16.97% | -2.43% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -3.80% | -2.45% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -3.95% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.86% | +0.47% |
Volatility
TRRAX vs. FRQKX - Volatility Comparison
T. Rowe Price Retirement 2010 Fund (TRRAX) has a higher volatility of 3.06% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 2.14%. This indicates that TRRAX's price experiences larger fluctuations and is considered to be riskier than FRQKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRAX | FRQKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.14% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 2.96% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.63% | 4.67% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.01% | 5.53% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 5.77% | +2.07% |