TRRFX vs. FRKMX
Compare and contrast key facts about T. Rowe Price Retirement 2005 Fund (TRRFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
TRRFX is managed by T. Rowe Price. It was launched on Feb 26, 2004. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
TRRFX vs. FRKMX - Performance Comparison
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TRRFX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | -0.40% | 5.43% | 8.04% | 11.97% | -13.61% | 8.13% | 11.24% | 4.43% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, TRRFX achieves a -0.40% return, which is significantly lower than FRKMX's 0.27% return.
TRRFX
- 1D
- 1.21%
- 1M
- -3.16%
- YTD
- -0.40%
- 6M
- -4.34%
- 1Y
- 3.29%
- 3Y*
- 6.83%
- 5Y*
- 2.95%
- 10Y*
- 5.22%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
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TRRFX vs. FRKMX - Expense Ratio Comparison
TRRFX has a 0.49% expense ratio, which is higher than FRKMX's 0.35% expense ratio.
Return for Risk
TRRFX vs. FRKMX — Risk / Return Rank
TRRFX
FRKMX
TRRFX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2005 Fund (TRRFX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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.
| TRRFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 1.72 | -1.30 |
Sortino ratioReturn per unit of downside risk | 0.57 | 2.41 | -1.84 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.35 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.35 | -1.90 |
Martin ratioReturn relative to average drawdown | 1.32 | 9.34 | -8.02 |
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
| TRRFX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 1.72 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.49 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.71 | -0.10 |
Correlation
The correlation between TRRFX and FRKMX is 0.81, 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
TRRFX vs. FRKMX - Dividend Comparison
TRRFX has not paid dividends to shareholders, while FRKMX's dividend yield for the trailing twelve months is around 3.25%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | 0.00% | 0.00% | 3.87% | 4.24% | 10.43% | 10.54% | 8.55% | 3.65% | 6.97% | 4.25% | 1.28% | 1.69% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRFX vs. FRKMX - Drawdown Comparison
The maximum TRRFX drawdown since its inception was -33.29%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for TRRFX and FRKMX.
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Drawdown Indicators
| TRRFX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -16.04% | -17.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -3.42% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -16.04% | -2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | — | — |
Current DrawdownCurrent decline from peak | -5.70% | -2.44% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -3.64% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 0.86% | +1.51% |
Volatility
TRRFX vs. FRKMX - Volatility Comparison
T. Rowe Price Retirement 2005 Fund (TRRFX) has a higher volatility of 2.72% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that TRRFX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRFX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.14% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 2.95% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.60% | 4.63% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 5.23% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.34% | 5.14% | +2.20% |