VTIVX vs. FRKMX
Compare and contrast key facts about Vanguard Target Retirement 2045 Fund (VTIVX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
VTIVX is managed by Vanguard. It was launched on Oct 27, 2003. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
VTIVX vs. FRKMX - Performance Comparison
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VTIVX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | -1.30% | 20.01% | 13.68% | 19.72% | -17.38% | 16.16% | 16.31% | 8.79% |
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, VTIVX achieves a -1.30% return, which is significantly lower than FRKMX's -0.48% return.
VTIVX
- 1D
- 2.42%
- 1M
- -5.17%
- YTD
- -1.30%
- 6M
- 1.14%
- 1Y
- 18.53%
- 3Y*
- 14.82%
- 5Y*
- 7.92%
- 10Y*
- 10.30%
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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VTIVX vs. FRKMX - Expense Ratio Comparison
VTIVX has a 0.08% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
VTIVX vs. FRKMX — Risk / Return Rank
VTIVX
FRKMX
VTIVX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) 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.
| VTIVX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.59 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.99 | 2.20 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.13 | -0.18 |
Martin ratioReturn relative to average drawdown | 8.78 | 8.58 | +0.19 |
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
| VTIVX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.59 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.48 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.69 | -0.17 |
Correlation
The correlation between VTIVX and FRKMX is 0.72, 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
VTIVX vs. FRKMX - Dividend Comparison
VTIVX's dividend yield for the trailing twelve months is around 2.53%, less than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | 2.53% | 2.50% | 2.36% | 2.27% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 0.04% | 2.47% | 3.29% |
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
VTIVX vs. FRKMX - Drawdown Comparison
The maximum VTIVX drawdown since its inception was -51.69%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for VTIVX and FRKMX.
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Drawdown Indicators
| VTIVX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.69% | -16.04% | -35.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -3.42% | -6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -16.04% | -9.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.42% | — | — |
Current DrawdownCurrent decline from peak | -6.08% | -3.17% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -3.64% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.85% | +1.31% |
Volatility
VTIVX vs. FRKMX - Volatility Comparison
Vanguard Target Retirement 2045 Fund (VTIVX) has a higher volatility of 5.17% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that VTIVX'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
| VTIVX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 1.96% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 2.86% | +5.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 4.58% | +9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.45% | 5.22% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 5.13% | +9.63% |