SSCJX vs. FRKMX

Last updated Jul 15, 2026

SSCJX (State Street Target Retirement 2035 Fund) and FRKMX (Fidelity Managed Retirement Income Fund Class K) are both Target Retirement Date funds. A 0.79 correlation means they provide meaningful diversification when combined. SSCJX charges 0.19%/yr vs 0.35%/yr for FRKMX.

Performance

SSCJX vs. FRKMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Target Retirement 2035 Fund (SSCJX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SSCJX

• 1D: -0.73%
• 1M: -0.12%
• 6M: 5.72%
• YTD: 7.75%
• 1Y: 16.63%
• 3Y*: 13.53%
• 5Y*: 6.54%
• 10Y*: 9.30%

FRKMX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSCJX vs. FRKMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SSCJX State Street Target Retirement 2035 Fund	7.75%	17.89%	10.46%	16.73%	-18.06%	11.38%	18.07%	7.21%
FRKMX Fidelity Managed Retirement Income Fund Class K	15,640,638.04%	9.91%	4.40%	8.17%	-11.57%	2.88%	8.68%	3.08%

Correlation

The correlation between SSCJX and FRKMX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.79

The correlation between SSCJX and FRKMX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

SSCJX vs. FRKMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSCJX

SSCJX Risk / Return Rank: 64
SSCJX Sharpe Ratio Rank: 65
SSCJX Sortino Ratio Rank: 65
SSCJX Omega Ratio Rank: 68
SSCJX Calmar Ratio Rank: 56
SSCJX Martin Ratio Rank: 64

FRKMX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSCJX vs. FRKMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2035 Fund (SSCJX) 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.

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.

	SSCJX	FRKMX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.49	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.29	—	—
Martin ratio: Return relative to average drawdown	9.63	—	—

Drawdowns

Drawdown Indicators

	SSCJX	FRKMX	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.66%	—	—
Current Drawdown Current decline from peak	-1.33%	—	—
Average Drawdown Average peak-to-trough decline	-4.48%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	—	—

Volatility

Volatility by Period

	SSCJX	FRKMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.96%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.44%	—	—

SSCJX vs. FRKMX - Expense Ratio Comparison

SSCJX has a 0.19% expense ratio, which is lower than FRKMX's 0.35% expense ratio.

Dividends

SSCJX vs. FRKMX - Dividend Comparison

SSCJX's dividend yield for the trailing twelve months is around 6.43%, less than FRKMX's 103.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRKMX Fidelity Managed Retirement Income Fund Class K	103.22%	3.11%	3.12%	2.92%	4.66%	3.65%	2.56%	1.85%	0.00%	0.00%	0.00%	0.00%
SSCJX State Street Target Retirement 2035 Fund	6.43%	6.92%	5.44%	4.03%	5.32%	5.43%	4.54%	6.46%	4.99%	0.55%	1.74%	2.03%

Frequently Asked Questions

Can I hold both SSCJX and FRKMX in my portfolio?

SSCJX and FRKMX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.