URFRX vs. FRKMX
Compare and contrast key facts about USAA Target Retirement 2040 Fund (URFRX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
URFRX is managed by Victory. It was launched on Jul 30, 2008. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
URFRX vs. FRKMX - Performance Comparison
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URFRX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
URFRX USAA Target Retirement 2040 Fund | 0.14% | 17.49% | 10.37% | 16.75% | -14.86% | 15.88% | 9.22% | 6.55% |
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, URFRX achieves a 0.14% return, which is significantly lower than FRKMX's 0.27% return.
URFRX
- 1D
- 2.15%
- 1M
- -4.30%
- YTD
- 0.14%
- 6M
- 2.40%
- 1Y
- 16.93%
- 3Y*
- 13.05%
- 5Y*
- 7.15%
- 10Y*
- 8.66%
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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URFRX vs. FRKMX - Expense Ratio Comparison
URFRX has a 0.02% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
URFRX vs. FRKMX — Risk / Return Rank
URFRX
FRKMX
URFRX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2040 Fund (URFRX) 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.
| URFRX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 1.72 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.06 | 2.41 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.35 | -0.40 |
Martin ratioReturn relative to average drawdown | 9.28 | 9.34 | -0.06 |
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
| URFRX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.72 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.49 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.71 | -0.22 |
Correlation
The correlation between URFRX and FRKMX is 0.71, 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
URFRX vs. FRKMX - Dividend Comparison
URFRX's dividend yield for the trailing twelve months is around 7.04%, more than FRKMX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URFRX USAA Target Retirement 2040 Fund | 7.04% | 7.05% | 2.78% | 3.94% | 10.68% | 7.78% | 5.49% | 12.74% | 9.99% | 6.53% | 3.95% | 2.55% |
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
URFRX vs. FRKMX - Drawdown Comparison
The maximum URFRX drawdown since its inception was -39.33%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for URFRX and FRKMX.
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Drawdown Indicators
| URFRX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -16.04% | -23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -3.42% | -5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.27% | -16.04% | -6.23% |
Max Drawdown (10Y)Largest decline over 10 years | -28.59% | — | — |
Current DrawdownCurrent decline from peak | -4.88% | -2.44% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -3.64% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.86% | +1.00% |
Volatility
URFRX vs. FRKMX - Volatility Comparison
USAA Target Retirement 2040 Fund (URFRX) has a higher volatility of 4.59% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that URFRX'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
| URFRX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 2.14% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 2.95% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 4.63% | +7.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 5.23% | +7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.04% | 5.14% | +7.90% |