TRRLX vs. FIRMX
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRLX) and Fidelity Managed Retirement Income Fund (FIRMX).
TRRLX is a passively managed fund by T. Rowe Price that tracks the performance of the S&P Target Date 2060 Index. It was launched on Jun 23, 2014. FIRMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
TRRLX vs. FIRMX - Performance Comparison
Loading graphics...
TRRLX vs. FIRMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | -3.74% | 14.54% | 14.22% | 20.87% | -19.22% | 17.50% | 18.46% | 25.39% | -7.62% | 20.79% |
FIRMX Fidelity Managed Retirement Income Fund | -0.50% | 9.95% | 4.29% | 8.07% | -11.66% | 2.77% | 8.57% | 10.57% | -1.80% | 7.08% |
Returns By Period
In the year-to-date period, TRRLX achieves a -3.74% return, which is significantly lower than FIRMX's -0.50% return. Over the past 10 years, TRRLX has outperformed FIRMX with an annualized return of 9.79%, while FIRMX has yielded a comparatively lower 3.92% annualized return.
TRRLX
- 1D
- -0.33%
- 1M
- -9.46%
- YTD
- -3.74%
- 6M
- -4.69%
- 1Y
- 10.12%
- 3Y*
- 12.70%
- 5Y*
- 6.39%
- 10Y*
- 9.79%
FIRMX
- 1D
- 0.27%
- 1M
- -3.18%
- YTD
- -0.50%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.41%
- 10Y*
- 3.92%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TRRLX vs. FIRMX - Expense Ratio Comparison
TRRLX has a 0.64% expense ratio, which is higher than FIRMX's 0.45% expense ratio.
Return for Risk
TRRLX vs. FIRMX — Risk / Return Rank
TRRLX
FIRMX
TRRLX vs. FIRMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2060 Fund (TRRLX) 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.
| TRRLX | FIRMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.56 | -0.93 |
Sortino ratioReturn per unit of downside risk | 0.99 | 2.17 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.31 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.08 | -1.40 |
Martin ratioReturn relative to average drawdown | 3.08 | 8.41 | -5.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TRRLX | FIRMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.56 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.46 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.88 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.52 | +0.02 |
Correlation
The correlation between TRRLX and FIRMX is 0.75, 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
TRRLX vs. FIRMX - Dividend Comparison
TRRLX has not paid dividends to shareholders, while FIRMX's dividend yield for the trailing twelve months is around 3.16%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | 0.00% | 0.00% | 1.74% | 3.29% | 5.75% | 4.19% | 2.38% | 4.33% | 5.39% | 1.58% | 1.58% | 0.83% |
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
TRRLX vs. FIRMX - Drawdown Comparison
The maximum TRRLX drawdown since its inception was -32.52%, roughly equal to the maximum FIRMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for TRRLX and FIRMX.
Loading graphics...
Drawdown Indicators
| TRRLX | FIRMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -33.73% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -3.44% | -8.27% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -16.11% | -11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | -16.11% | -16.41% |
Current DrawdownCurrent decline from peak | -9.82% | -3.18% | -6.64% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -3.73% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 0.85% | +2.07% |
Volatility
TRRLX vs. FIRMX - Volatility Comparison
T. Rowe Price Retirement 2060 Fund (TRRLX) has a higher volatility of 5.10% compared to Fidelity Managed Retirement Income Fund (FIRMX) at 1.96%. This indicates that TRRLX'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.
Loading graphics...
Volatility by Period
| TRRLX | FIRMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 1.96% | +3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 2.86% | +6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 4.59% | +11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 5.21% | +9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 4.47% | +10.98% |