TRTGX vs. FIRQX
TRTGX (T. Rowe Price Target 2060 Fund) and FIRQX (Fidelity Managed Retirement 2010 Fund) are both Target Retirement Date funds. Over the past 10 years, TRTGX returned 11.26%/yr vs 5.03%/yr for FIRQX. Their correlation of 0.82 suggests significant overlap in exposure. TRTGX charges 0.90%/yr vs 0.46%/yr for FIRQX.
Performance
TRTGX vs. FIRQX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRTGX achieves a 11.21% return, which is significantly higher than FIRQX's 3.60% return. Over the past 10 years, TRTGX has outperformed FIRQX with an annualized return of 11.26%, while FIRQX has yielded a comparatively lower 5.03% annualized return.
TRTGX
- 1D
- 1.15%
- 1M
- 1.35%
- YTD
- 11.21%
- 6M
- 10.97%
- 1Y
- 25.90%
- 3Y*
- 17.34%
- 5Y*
- 9.05%
- 10Y*
- 11.26%
FIRQX
- 1D
- 0.00%
- 1M
- 0.65%
- YTD
- 3.60%
- 6M
- 3.73%
- 1Y
- 9.40%
- 3Y*
- 7.27%
- 5Y*
- 2.79%
- 10Y*
- 5.03%
TRTGX vs. FIRQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRTGX T. Rowe Price Target 2060 Fund | 11.21% | 18.65% | 14.02% | 20.48% | -19.56% | 17.04% | 16.62% | 25.06% | -7.86% | 20.84% |
FIRQX Fidelity Managed Retirement 2010 Fund | 3.60% | 9.97% | 4.48% | 8.52% | -12.39% | 3.82% | 9.59% | 12.62% | -2.83% | 10.63% |
Correlation
The correlation between TRTGX and FIRQX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2014 | 0.82 |
The correlation between TRTGX and FIRQX has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRTGX vs. FIRQX — Risk / Return Rank
TRTGX
FIRQX
TRTGX vs. FIRQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2060 Fund (TRTGX) and Fidelity Managed Retirement 2010 Fund (FIRQX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRTGX | FIRQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.77 | -0.08 |
| Martin ratioReturn relative to average drawdown | 11.57 | 11.64 | -0.07 |
Loading charts...
Drawdowns
TRTGX vs. FIRQX - Drawdown Comparison
The maximum TRTGX drawdown since its inception was -32.56%, smaller than the maximum FIRQX drawdown of -38.01%. Use the drawdown chart below to compare losses from any high point for TRTGX and FIRQX.
Loading charts...
Drawdown Indicators
| TRTGX | FIRQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.56% | -38.01% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -3.45% | -6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.06% | -5.19% | -10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -28.34% | -17.04% | -11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -32.56% | -17.04% | -15.52% |
Current DrawdownCurrent decline from peak | -0.49% | -0.44% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.43% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.82% | +1.43% |
Volatility
TRTGX vs. FIRQX - Volatility Comparison
T. Rowe Price Target 2060 Fund (TRTGX) has a higher volatility of 4.99% compared to Fidelity Managed Retirement 2010 Fund (FIRQX) at 2.05%. This indicates that TRTGX's price experiences larger fluctuations and is considered to be riskier than FIRQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRTGX | FIRQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 2.05% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 3.72% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.02% | 4.38% | +8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 5.60% | +9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 5.35% | +10.26% |
TRTGX vs. FIRQX - Expense Ratio Comparison
TRTGX has a 0.90% expense ratio, which is higher than FIRQX's 0.46% expense ratio.
Dividends
TRTGX vs. FIRQX - Dividend Comparison
TRTGX's dividend yield for the trailing twelve months is around 3.77%, more than FIRQX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIRQX Fidelity Managed Retirement 2010 Fund | 3.30% | 3.14% | 2.95% | 2.75% | 5.01% | 6.00% | 3.50% | 3.15% | 5.59% | 16.31% | 2.43% | 4.08% |
TRTGX T. Rowe Price Target 2060 Fund | 3.77% | 4.19% | 2.23% | 2.72% | 4.90% | 3.23% | 0.78% | 4.03% | 5.44% | 2.90% | 2.54% | 2.63% |
Frequently Asked Questions
TRTGX and FIRQX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRTGX has higher volatility (4.99%) compared to FIRQX (2.05%). In terms of maximum drawdown, TRTGX dropped -32.56% vs FIRQX's -38.01%.
FIRQX currently has the higher Sharpe Ratio (2.19 vs 2.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for TRTGX and FIRQX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer