Correlation
The correlation between SSBWX and SSCNX is 0.91, 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.
SSBWX vs. SSCNX
Compare and contrast key facts about State Street Target Retirement 2030 Fund (SSBWX) and State Street Target Retirement 2040 Fund (SSCNX).
SSBWX is managed by State Street Global Advisors. It was launched on Sep 29, 2014. SSCNX is managed by State Street Global Advisors. It was launched on Sep 29, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSBWX or SSCNX.
Performance
SSBWX vs. SSCNX - Performance Comparison
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Key characteristics
SSBWX:
0.66
SSCNX:
0.86
SSBWX:
0.86
SSCNX:
1.17
SSBWX:
1.13
SSCNX:
1.16
SSBWX:
0.49
SSCNX:
0.82
SSBWX:
1.80
SSCNX:
3.57
SSBWX:
3.62%
SSCNX:
2.92%
SSBWX:
11.22%
SSCNX:
13.52%
SSBWX:
-26.86%
SSCNX:
-27.49%
SSBWX:
-3.33%
SSCNX:
-0.20%
Returns By Period
In the year-to-date period, SSBWX achieves a 4.59% return, which is significantly lower than SSCNX's 5.03% return. Over the past 10 years, SSBWX has underperformed SSCNX with an annualized return of 4.75%, while SSCNX has yielded a comparatively higher 7.79% annualized return.
SSBWX
4.59%
3.14%
-1.32%
6.67%
4.83%
4.77%
4.75%
SSCNX
5.03%
4.07%
1.74%
10.81%
8.76%
9.27%
7.79%
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SSBWX vs. SSCNX - Expense Ratio Comparison
SSBWX has a 0.15% expense ratio, which is lower than SSCNX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SSBWX vs. SSCNX — Risk-Adjusted Performance Rank
SSBWX
SSCNX
SSBWX vs. SSCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2030 Fund (SSBWX) 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.
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Dividends
SSBWX vs. SSCNX - Dividend Comparison
SSBWX's dividend yield for the trailing twelve months is around 5.90%, more than SSCNX's 4.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSBWX State Street Target Retirement 2030 Fund | 5.90% | 6.17% | 4.11% | 5.79% | 6.18% | 4.93% | 6.66% | 5.24% | 2.37% | 1.76% | 2.11% | 0.68% |
SSCNX State Street Target Retirement 2040 Fund | 4.73% | 4.97% | 3.78% | 5.38% | 5.58% | 4.63% | 6.38% | 5.12% | 2.28% | 1.78% | 1.96% | 0.93% |
Drawdowns
SSBWX vs. SSCNX - Drawdown Comparison
The maximum SSBWX drawdown since its inception was -26.86%, roughly equal to the maximum SSCNX drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for SSBWX and SSCNX.
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Volatility
SSBWX vs. SSCNX - Volatility Comparison
The current volatility for State Street Target Retirement 2030 Fund (SSBWX) is 2.35%, while State Street Target Retirement 2040 Fund (SSCNX) has a volatility of 2.97%. This indicates that SSBWX 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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