VFORX vs. FRKMX
Compare and contrast key facts about Vanguard Target Retirement 2040 Fund (VFORX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
VFORX is managed by Vanguard. It was launched on Jun 7, 2006. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
VFORX vs. FRKMX - Performance Comparison
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VFORX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFORX Vanguard Target Retirement 2040 Fund | -3.32% | 18.77% | 12.90% | 18.56% | -17.00% | 14.55% | 15.48% | 8.28% |
FRKMX Fidelity Managed Retirement Income Fund Class K | -0.48% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, VFORX achieves a -3.32% return, which is significantly lower than FRKMX's -0.48% return.
VFORX
- 1D
- -0.14%
- 1M
- -7.37%
- YTD
- -3.32%
- 6M
- -0.71%
- 1Y
- 15.06%
- 3Y*
- 13.11%
- 5Y*
- 7.08%
- 10Y*
- 9.48%
FRKMX
- 1D
- 0.26%
- 1M
- -3.17%
- YTD
- -0.48%
- 6M
- 0.79%
- 1Y
- 7.15%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
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VFORX vs. FRKMX - Expense Ratio Comparison
VFORX has a 0.08% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
VFORX vs. FRKMX — Risk / Return Rank
VFORX
FRKMX
VFORX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2040 Fund (VFORX) 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.
| VFORX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.59 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.76 | 2.20 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.13 | -0.57 |
Martin ratioReturn relative to average drawdown | 7.04 | 8.58 | -1.54 |
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
| VFORX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.59 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.48 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.69 | -0.22 |
Correlation
The correlation between VFORX and FRKMX is 0.74, 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
VFORX vs. FRKMX - Dividend Comparison
VFORX's dividend yield for the trailing twelve months is around 2.86%, less than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFORX Vanguard Target Retirement 2040 Fund | 2.86% | 2.77% | 2.86% | 2.38% | 2.60% | 20.68% | 2.06% | 2.28% | 2.58% | 0.04% | 2.40% | 2.99% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.27% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VFORX vs. FRKMX - Drawdown Comparison
The maximum VFORX drawdown since its inception was -51.63%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for VFORX and FRKMX.
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Drawdown Indicators
| VFORX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.63% | -16.04% | -35.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -3.42% | -5.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -16.04% | -8.28% |
Max Drawdown (10Y)Largest decline over 10 years | -29.35% | — | — |
Current DrawdownCurrent decline from peak | -7.70% | -3.17% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -3.64% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.85% | +1.11% |
Volatility
VFORX vs. FRKMX - Volatility Comparison
Vanguard Target Retirement 2040 Fund (VFORX) has a higher volatility of 4.11% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that VFORX'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
| VFORX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 1.96% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 2.86% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 4.58% | +7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.35% | 5.22% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.64% | 5.13% | +8.51% |