TRRLX vs. FRHMX
Compare and contrast key facts about T. Rowe Price Retirement 2060 Fund (TRRLX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX).
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. FRHMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
TRRLX vs. FRHMX - Performance Comparison
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TRRLX vs. FRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRRLX T. Rowe Price Retirement 2060 Fund | -3.74% | 14.54% | 14.22% | 20.87% | -19.22% | 17.50% | 18.46% | 7.84% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | -0.45% | 10.02% | 4.50% | 8.28% | -11.48% | 2.98% | 8.79% | 3.17% |
Returns By Period
In the year-to-date period, TRRLX achieves a -3.74% return, which is significantly lower than FRHMX's -0.45% 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%
FRHMX
- 1D
- 0.27%
- 1M
- -3.16%
- YTD
- -0.45%
- 6M
- 0.86%
- 1Y
- 7.28%
- 3Y*
- 6.13%
- 5Y*
- 2.58%
- 10Y*
- —
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TRRLX vs. FRHMX - Expense Ratio Comparison
TRRLX has a 0.64% expense ratio, which is higher than FRHMX's 0.25% expense ratio.
Return for Risk
TRRLX vs. FRHMX — Risk / Return Rank
TRRLX
FRHMX
TRRLX vs. FRHMX - 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 Class K6 (FRHMX). 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 | FRHMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.61 | -0.98 |
Sortino ratioReturn per unit of downside risk | 0.99 | 2.24 | -1.25 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.15 | -1.47 |
Martin ratioReturn relative to average drawdown | 3.08 | 8.71 | -5.63 |
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
| TRRLX | FRHMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.61 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.50 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.71 | -0.16 |
Correlation
The correlation between TRRLX and FRHMX 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
TRRLX vs. FRHMX - Dividend Comparison
TRRLX has not paid dividends to shareholders, while FRHMX's dividend yield for the trailing twelve months is around 3.39%.
| 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% |
FRHMX Fidelity Managed Retirement Income Fund Class K6 | 3.39% | 3.22% | 3.24% | 3.02% | 4.77% | 3.78% | 2.61% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRRLX vs. FRHMX - Drawdown Comparison
The maximum TRRLX drawdown since its inception was -32.52%, which is greater than FRHMX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for TRRLX and FRHMX.
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Drawdown Indicators
| TRRLX | FRHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.52% | -15.96% | -16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -3.42% | -8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -28.09% | -15.96% | -12.13% |
Max Drawdown (10Y)Largest decline over 10 years | -32.52% | — | — |
Current DrawdownCurrent decline from peak | -9.82% | -3.16% | -6.66% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -3.58% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 0.85% | +2.07% |
Volatility
TRRLX vs. FRHMX - Volatility Comparison
T. Rowe Price Retirement 2060 Fund (TRRLX) has a higher volatility of 5.10% compared to Fidelity Managed Retirement Income Fund Class K6 (FRHMX) at 1.96%. This indicates that TRRLX's price experiences larger fluctuations and is considered to be riskier than FRHMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRRLX | FRHMX | 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% | 5.22% | +9.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 5.14% | +10.31% |