EINFX vs. SSCNX
EINFX (Elfun Income Fund) and SSCNX (State Street Target Retirement 2040 Fund) are both mutual funds - EINFX is a Intermediate Core-Plus Bond fund managed by State Street, while SSCNX is a Target Retirement Date fund managed by State Street. Over the past 10 years, EINFX returned 1.07%/yr vs 9.68%/yr for SSCNX. Their 0.14 correlation means their historical movements had little consistent relationship. EINFX charges 0.29%/yr vs 0.20%/yr for SSCNX.
Performance
EINFX vs. SSCNX - Performance Comparison
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Returns By Period
In the year-to-date period, EINFX achieves a -1.00% return, which is significantly lower than SSCNX's 8.10% return. Over the past 10 years, EINFX has underperformed SSCNX with an annualized return of 1.07%, while SSCNX has yielded a comparatively higher 9.68% annualized return.
EINFX
- 1D
- 0.00%
- 1M
- -1.14%
- 6M
- -1.18%
- YTD
- -1.00%
- 1Y
- 1.42%
- 3Y*
- 2.65%
- 5Y*
- -1.23%
- 10Y*
- 1.07%
- ALL TIME*
- 3.71%
SSCNX
- 1D
- 1.62%
- 1M
- -0.94%
- 6M
- 5.28%
- YTD
- 8.10%
- 1Y
- 18.03%
- 3Y*
- 13.83%
- 5Y*
- 6.89%
- 10Y*
- 9.68%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EINFX Elfun Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
EINFX vs. SSCNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EINFX Elfun Income Fund | -1.00% | 7.35% | -0.73% | 4.75% | -13.82% | -1.57% | 7.81% | 9.51% | -0.86% | 3.91% |
SSCNX State Street Target Retirement 2040 Fund | 8.10% | 19.00% | 11.21% | 17.68% | -18.55% | 11.75% | 18.72% | 24.61% | -7.45% | 18.32% |
Correlation
The correlation between EINFX and SSCNX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.14 |
Over the past year, EINFX and SSCNX have become more correlated (0.42) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
EINFX vs. SSCNX — Risk / Return Rank
EINFX
SSCNX
EINFX vs. SSCNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elfun Income Fund (EINFX) and State Street Target Retirement 2040 Fund (SSCNX). 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.
| EINFX | SSCNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.08 | -1.29 |
| Martin ratioReturn relative to average drawdown | 1.93 | 8.50 | -6.57 |
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Drawdowns
EINFX vs. SSCNX - Drawdown Comparison
The maximum EINFX drawdown since its inception was -19.78%, smaller than the maximum SSCNX drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for EINFX and SSCNX.
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Drawdown Indicators
| EINFX | SSCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.78% | -27.49% | +7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -7.96% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -12.72% | +5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.78% | -26.14% | +6.36% |
Max Drawdown (10Y)Largest decline over 10 years | -19.78% | -27.49% | +7.71% |
Current DrawdownCurrent decline from peak | -6.24% | -1.80% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -4.72% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.95% | -0.55% |
Volatility
EINFX vs. SSCNX - Volatility Comparison
The current volatility for Elfun Income Fund (EINFX) is 0.95%, while State Street Target Retirement 2040 Fund (SSCNX) has a volatility of 3.06%. This indicates that EINFX experiences smaller price fluctuations and is considered to be less risky than SSCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EINFX | SSCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 3.06% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 8.90% | -5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 10.63% | -6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.51% | 12.87% | -6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 13.43% | -8.19% |
EINFX vs. SSCNX - Expense Ratio Comparison
EINFX has a 0.29% expense ratio, which is higher than SSCNX's 0.20% expense ratio.
Dividends
EINFX vs. SSCNX - Dividend Comparison
EINFX's dividend yield for the trailing twelve months is around 3.57%, less than SSCNX's 6.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINFX Elfun Income Fund | 3.57% | 3.84% | 3.04% | 2.76% | 4.09% | 3.31% | 3.15% | 2.78% | 2.88% | 2.42% | 3.34% | 2.87% |
SSCNX State Street Target Retirement 2040 Fund | 6.67% | 7.21% | 4.97% | 3.78% | 5.39% | 5.58% | 4.63% | 6.31% | 5.11% | 0.38% | 1.77% | 1.96% |
Frequently Asked Questions
EINFX and SSCNX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSCNX has higher volatility (3.06%) compared to EINFX (0.95%). In terms of maximum drawdown, EINFX dropped -19.78% vs SSCNX's -27.49%.
SSCNX currently has the higher Sharpe Ratio (1.56 vs 0.67), 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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