VTTHX vs. FRAMX
Compare and contrast key facts about Vanguard Target Retirement 2035 Fund (VTTHX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
VTTHX is managed by Vanguard. It was launched on Oct 27, 2003. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
VTTHX vs. FRAMX - Performance Comparison
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VTTHX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTTHX Vanguard Target Retirement 2035 Fund | -3.07% | 17.55% | 11.56% | 17.37% | -16.64% | 12.96% | 14.80% | 22.44% | -6.57% | 16.81% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, VTTHX achieves a -3.07% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, VTTHX has outperformed FRAMX with an annualized return of 8.73%, while FRAMX has yielded a comparatively lower 3.65% annualized return.
VTTHX
- 1D
- -0.11%
- 1M
- -6.88%
- YTD
- -3.07%
- 6M
- -0.64%
- 1Y
- 13.90%
- 3Y*
- 12.09%
- 5Y*
- 6.37%
- 10Y*
- 8.73%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
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VTTHX vs. FRAMX - Expense Ratio Comparison
VTTHX has a 0.08% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
VTTHX vs. FRAMX — Risk / Return Rank
VTTHX
FRAMX
VTTHX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2035 Fund (VTTHX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| VTTHX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.50 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.80 | 2.09 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.00 | -0.40 |
Martin ratioReturn relative to average drawdown | 7.13 | 8.06 | -0.92 |
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
| VTTHX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.50 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.41 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.82 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.49 | +0.01 |
Correlation
The correlation between VTTHX and FRAMX is 0.89, 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
VTTHX vs. FRAMX - Dividend Comparison
VTTHX's dividend yield for the trailing twelve months is around 3.05%, more than FRAMX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTTHX Vanguard Target Retirement 2035 Fund | 3.05% | 2.96% | 3.12% | 2.47% | 2.71% | 19.52% | 2.50% | 2.33% | 2.69% | 0.16% | 2.77% | 4.67% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
VTTHX vs. FRAMX - Drawdown Comparison
The maximum VTTHX drawdown since its inception was -51.76%, which is greater than FRAMX's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for VTTHX and FRAMX.
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Drawdown Indicators
| VTTHX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.76% | -33.94% | -17.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -3.45% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -16.31% | -7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -27.15% | -16.31% | -10.84% |
Current DrawdownCurrent decline from peak | -7.17% | -3.20% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -3.87% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 0.86% | +0.94% |
Volatility
VTTHX vs. FRAMX - Volatility Comparison
Vanguard Target Retirement 2035 Fund (VTTHX) has a higher volatility of 3.81% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that VTTHX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTTHX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 1.96% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 2.86% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 4.59% | +6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.30% | 5.21% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.43% | 4.47% | +7.96% |