VTWNX vs. FRKMX
Compare and contrast key facts about Vanguard Target Retirement 2020 Fund (VTWNX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
VTWNX is managed by Vanguard. It was launched on Jun 7, 2006. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
VTWNX vs. FRKMX - Performance Comparison
Loading graphics...
VTWNX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VTWNX Vanguard Target Retirement 2020 Fund | -1.57% | 12.17% | 7.57% | 12.71% | -14.17% | 8.15% | 12.05% | 5.51% |
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, VTWNX achieves a -1.57% return, which is significantly lower than FRKMX's -0.48% return.
VTWNX
- 1D
- 0.11%
- 1M
- -4.29%
- YTD
- -1.57%
- 6M
- 0.06%
- 1Y
- 9.17%
- 3Y*
- 8.51%
- 5Y*
- 4.17%
- 10Y*
- 6.31%
FRKMX
- 1D
- 0.26%
- 1M
- -3.17%
- YTD
- -0.48%
- 6M
- 0.79%
- 1Y
- 7.15%
- 3Y*
- 6.03%
- 5Y*
- 2.48%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VTWNX vs. FRKMX - Expense Ratio Comparison
VTWNX has a 0.08% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
VTWNX vs. FRKMX — Risk / Return Rank
VTWNX
FRKMX
VTWNX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2020 Fund (VTWNX) 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.
| VTWNX | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.59 | -0.10 |
Sortino ratioReturn per unit of downside risk | 2.11 | 2.20 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.13 | -0.14 |
Martin ratioReturn relative to average drawdown | 8.25 | 8.58 | -0.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VTWNX | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.59 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.48 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.69 | -0.17 |
Correlation
The correlation between VTWNX and FRKMX is 0.85, 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
VTWNX vs. FRKMX - Dividend Comparison
VTWNX's dividend yield for the trailing twelve months is around 8.33%, more than FRKMX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTWNX Vanguard Target Retirement 2020 Fund | 8.33% | 8.20% | 9.35% | 6.20% | 4.99% | 19.57% | 6.28% | 3.54% | 4.94% | 0.73% | 2.74% | 4.15% |
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
VTWNX vs. FRKMX - Drawdown Comparison
The maximum VTWNX drawdown since its inception was -42.16%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for VTWNX and FRKMX.
Loading graphics...
Drawdown Indicators
| VTWNX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -16.04% | -26.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -3.42% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -16.04% | -3.34% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | — | — |
Current DrawdownCurrent decline from peak | -4.32% | -3.17% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -3.64% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.85% | +0.23% |
Volatility
VTWNX vs. FRKMX - Volatility Comparison
Vanguard Target Retirement 2020 Fund (VTWNX) has a higher volatility of 2.40% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 1.96%. This indicates that VTWNX'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.
Loading graphics...
Volatility by Period
| VTWNX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 1.96% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 2.86% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 4.58% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 5.22% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 5.13% | +3.13% |