TRRDX vs. FRQKX
Compare and contrast key facts about T. Rowe Price Retirement 2040 Fund (TRRDX) and Fidelity Managed Retirement 2010 Fund Class K (FRQKX).
TRRDX 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
TRRDX vs. FRQKX - Performance Comparison
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TRRDX vs. FRQKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | -0.90% | 12.53% | 13.15% | 19.60% | -18.77% | 16.52% | 18.10% | 7.56% |
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, TRRDX achieves a -0.90% return, which is significantly lower than FRQKX's 0.27% return.
TRRDX
- 1D
- 2.50%
- 1M
- -5.91%
- YTD
- -0.90%
- 6M
- -2.82%
- 1Y
- 10.75%
- 3Y*
- 12.47%
- 5Y*
- 5.97%
- 10Y*
- 9.67%
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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TRRDX vs. FRQKX - Expense Ratio Comparison
TRRDX has a 0.61% expense ratio, which is higher than FRQKX's 0.36% expense ratio.
Return for Risk
TRRDX vs. FRQKX — Risk / Return Rank
TRRDX
FRQKX
TRRDX vs. FRQKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2040 Fund (TRRDX) 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.
| TRRDX | FRQKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.73 | -0.97 |
Sortino ratioReturn per unit of downside risk | 1.14 | 2.42 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.37 | -1.55 |
Martin ratioReturn relative to average drawdown | 3.55 | 9.37 | -5.82 |
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
| TRRDX | FRQKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.73 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.47 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.70 | -0.13 |
Correlation
The correlation between TRRDX and FRQKX is 0.76, 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
TRRDX vs. FRQKX - Dividend Comparison
TRRDX has not paid dividends to shareholders, while FRQKX's dividend yield for the trailing twelve months is around 3.24%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRDX T. Rowe Price Retirement 2040 Fund | 0.00% | 0.00% | 2.26% | 5.60% | 8.92% | 7.92% | 4.96% | 6.10% | 9.51% | 3.96% | 3.36% | 4.61% |
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
TRRDX vs. FRQKX - Drawdown Comparison
The maximum TRRDX drawdown since its inception was -53.50%, which is greater than FRQKX's maximum drawdown of -16.97%. Use the drawdown chart below to compare losses from any high point for TRRDX and FRQKX.
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Drawdown Indicators
| TRRDX | FRQKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.50% | -16.97% | -36.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -3.42% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -27.26% | -16.97% | -10.29% |
Max Drawdown (10Y)Largest decline over 10 years | -31.46% | — | — |
Current DrawdownCurrent decline from peak | -6.60% | -2.45% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -3.95% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 0.86% | +1.88% |
Volatility
TRRDX vs. FRQKX - Volatility Comparison
T. Rowe Price Retirement 2040 Fund (TRRDX) has a higher volatility of 5.44% compared to Fidelity Managed Retirement 2010 Fund Class K (FRQKX) at 2.14%. This indicates that TRRDX'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
| TRRDX | FRQKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 2.14% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 2.96% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 4.67% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 5.53% | +8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 5.77% | +8.83% |