URSIX vs. FRHMX
Compare and contrast key facts about USAA Target Retirement 2060 Fund (URSIX) and Fidelity Managed Retirement Income Fund Class K6 (FRHMX).
URSIX is managed by Victory. It was launched on Jul 11, 2013. FRHMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
URSIX vs. FRHMX - Performance Comparison
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URSIX vs. FRHMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
URSIX USAA Target Retirement 2060 Fund | 0.00% | 19.62% | 13.05% | 18.22% | -15.78% | 17.70% | 10.17% | 6.93% |
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
URSIX
- 1D
- 2.68%
- 1M
- -5.13%
- YTD
- 0.00%
- 6M
- 2.50%
- 1Y
- 19.70%
- 3Y*
- 14.90%
- 5Y*
- 8.24%
- 10Y*
- 9.45%
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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URSIX vs. FRHMX - Expense Ratio Comparison
URSIX has a 0.10% expense ratio, which is lower than FRHMX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
URSIX vs. FRHMX — Risk / Return Rank
URSIX
FRHMX
URSIX vs. FRHMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2060 Fund (URSIX) 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.
| URSIX | FRHMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.61 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.24 | -0.30 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.15 | -0.27 |
Martin ratioReturn relative to average drawdown | 8.89 | 8.71 | +0.18 |
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
| URSIX | FRHMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.61 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.50 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.71 | -0.12 |
Correlation
The correlation between URSIX 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
URSIX vs. FRHMX - Dividend Comparison
URSIX's dividend yield for the trailing twelve months is around 5.60%, more than FRHMX's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URSIX USAA Target Retirement 2060 Fund | 5.60% | 5.60% | 2.55% | 2.89% | 10.97% | 7.07% | 4.79% | 5.88% | 4.77% | 3.82% | 3.01% | 1.73% |
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
URSIX vs. FRHMX - Drawdown Comparison
The maximum URSIX drawdown since its inception was -30.33%, which is greater than FRHMX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for URSIX and FRHMX.
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Drawdown Indicators
| URSIX | FRHMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.33% | -15.96% | -14.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -3.42% | -7.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.85% | -15.96% | -7.89% |
Max Drawdown (10Y)Largest decline over 10 years | -30.33% | — | — |
Current DrawdownCurrent decline from peak | -5.86% | -3.16% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -3.58% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 0.85% | +1.41% |
Volatility
URSIX vs. FRHMX - Volatility Comparison
USAA Target Retirement 2060 Fund (URSIX) has a higher volatility of 5.56% compared to Fidelity Managed Retirement Income Fund Class K6 (FRHMX) at 1.96%. This indicates that URSIX'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
| URSIX | FRHMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 1.96% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 2.86% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 4.59% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 5.22% | +8.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 5.14% | +9.33% |