SSBRX vs. FRIMX
Compare and contrast key facts about State Street Target Retirement 2025 Fund (SSBRX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
SSBRX is managed by State Street. It was launched on Sep 29, 2014. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SSBRX vs. FRIMX - Performance Comparison
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SSBRX vs. FRIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSBRX State Street Target Retirement 2025 Fund | 0.24% | 12.93% | 8.73% | 13.61% | -15.51% | 10.03% | 14.68% | 20.73% | -5.47% | 14.32% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 0.24% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SSBRX at 0.24% and FRIMX at 0.24%. Over the past 10 years, SSBRX has outperformed FRIMX with an annualized return of 7.51%, while FRIMX has yielded a comparatively lower 4.00% annualized return.
SSBRX
- 1D
- 1.04%
- 1M
- -2.84%
- YTD
- 0.24%
- 6M
- 1.62%
- 1Y
- 11.69%
- 3Y*
- 10.00%
- 5Y*
- 4.81%
- 10Y*
- 7.51%
FRIMX
- 1D
- 0.75%
- 1M
- -2.07%
- YTD
- 0.24%
- 6M
- 1.30%
- 1Y
- 7.57%
- 3Y*
- 6.23%
- 5Y*
- 2.46%
- 10Y*
- 4.00%
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SSBRX vs. FRIMX - Expense Ratio Comparison
SSBRX has a 0.13% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Return for Risk
SSBRX vs. FRIMX — Risk / Return Rank
SSBRX
FRIMX
SSBRX vs. FRIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2025 Fund (SSBRX) 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.
| SSBRX | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 1.70 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.25 | 2.38 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.31 | -0.29 |
Martin ratioReturn relative to average drawdown | 9.90 | 9.18 | +0.71 |
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
| SSBRX | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.70 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.47 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.90 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.53 | +0.15 |
Correlation
The correlation between SSBRX and FRIMX 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
SSBRX vs. FRIMX - Dividend Comparison
SSBRX's dividend yield for the trailing twelve months is around 6.05%, more than FRIMX's 3.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSBRX State Street Target Retirement 2025 Fund | 6.05% | 6.07% | 6.67% | 4.60% | 6.60% | 6.44% | 4.74% | 6.58% | 5.35% | 0.60% | 1.84% | 2.38% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.13% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Drawdowns
SSBRX vs. FRIMX - Drawdown Comparison
The maximum SSBRX drawdown since its inception was -21.96%, smaller than the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for SSBRX and FRIMX.
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Drawdown Indicators
| SSBRX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -33.73% | +11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -3.44% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -16.12% | -5.01% |
Max Drawdown (10Y)Largest decline over 10 years | -21.96% | -16.12% | -5.84% |
Current DrawdownCurrent decline from peak | -3.21% | -2.46% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -3.74% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.86% | +0.36% |
Volatility
SSBRX vs. FRIMX - Volatility Comparison
State Street Target Retirement 2025 Fund (SSBRX) has a higher volatility of 2.68% compared to Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX) at 2.13%. This indicates that SSBRX'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
| SSBRX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.13% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 2.95% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.61% | 4.64% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.85% | 5.23% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.83% | 4.48% | +5.35% |