VTTSX vs. FRIMX
VTTSX (Vanguard Target Retirement 2060 Fund) and FRIMX (Fidelity Advisor Managed Retirement Income Fund Class I) are both Target Retirement Date funds. Over the past 10 years, VTTSX returned 11.88%/yr vs 4.18%/yr for FRIMX. Their correlation of 0.81 suggests significant overlap in exposure. VTTSX charges 0.08%/yr vs 0.45%/yr for FRIMX.
Performance
VTTSX vs. FRIMX - Performance Comparison
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Returns By Period
In the year-to-date period, VTTSX achieves a 9.69% return, which is significantly higher than FRIMX's 3.52% return. Over the past 10 years, VTTSX has outperformed FRIMX with an annualized return of 11.88%, while FRIMX has yielded a comparatively lower 4.18% annualized return.
VTTSX
- 1D
- 2.20%
- 1M
- -0.36%
- YTD
- 9.69%
- 6M
- 10.44%
- 1Y
- 24.91%
- 3Y*
- 18.34%
- 5Y*
- 9.60%
- 10Y*
- 11.88%
FRIMX
- 1D
- 0.94%
- 1M
- 0.23%
- YTD
- 3.52%
- 6M
- 3.98%
- 1Y
- 9.42%
- 3Y*
- 7.30%
- 5Y*
- 2.67%
- 10Y*
- 4.18%
VTTSX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTTSX Vanguard Target Retirement 2060 Fund | 9.69% | 21.43% | 14.61% | 20.19% | -17.48% | 16.45% | 16.33% | 26.18% | -8.78% | 21.40% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.52% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Correlation
The correlation between VTTSX and FRIMX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2012 | 0.81 |
The correlation between VTTSX and FRIMX shifts across timeframes, from 0.73 (5 years) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VTTSX vs. FRIMX — Risk / Return Rank
VTTSX
FRIMX
VTTSX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2060 Fund (VTTSX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTTSX | FRIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.42 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.70 | -0.01 |
| Martin ratioReturn relative to average drawdown | 11.67 | 11.34 | +0.33 |
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Drawdowns
VTTSX vs. FRIMX - Drawdown Comparison
The maximum VTTSX drawdown since its inception was -31.38%, smaller than the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for VTTSX and FRIMX.
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Drawdown Indicators
| VTTSX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.38% | -33.73% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -3.44% | -5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -14.51% | -4.97% | -9.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -16.12% | -9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -31.38% | -16.12% | -15.26% |
Current DrawdownCurrent decline from peak | -2.21% | -0.51% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -3.70% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.82% | +1.24% |
Volatility
VTTSX vs. FRIMX - Volatility Comparison
Vanguard Target Retirement 2060 Fund (VTTSX) has a higher volatility of 4.84% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 2.04%. This indicates that VTTSX's price experiences larger fluctuations and is considered to be riskier than FRIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTTSX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 2.04% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 3.72% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 4.39% | +7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 5.32% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 4.54% | +10.60% |
VTTSX vs. FRIMX - Expense Ratio Comparison
VTTSX has a 0.08% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Dividends
VTTSX vs. FRIMX - Dividend Comparison
VTTSX's dividend yield for the trailing twelve months is around 1.87%, less than FRIMX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.24% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
VTTSX Vanguard Target Retirement 2060 Fund | 1.87% | 2.06% | 2.20% | 2.14% | 2.09% | 5.67% | 1.83% | 2.11% | 2.33% | 1.77% | 1.98% | 1.92% |
Frequently Asked Questions
VTTSX and FRIMX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTTSX has higher volatility (4.84%) compared to FRIMX (2.04%). In terms of maximum drawdown, VTTSX dropped -31.38% vs FRIMX's -33.73%.
FRIMX currently has the higher Sharpe Ratio (2.12 vs 1.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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