SSCJX vs. SSCNX

Last updated Aug 4, 2026

SSCJX (State Street Target Retirement 2035 Fund) and SSCNX (State Street Target Retirement 2040 Fund) are both Target Retirement Date funds from State Street. Over the past 10 years, SSCJX returned 9.27%/yr vs 9.80%/yr for SSCNX. Their 1.00 correlation means they have historically moved very closely together. SSCJX charges 0.19%/yr vs 0.20%/yr for SSCNX.

Performance

SSCJX vs. SSCNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Target Retirement 2035 Fund (SSCJX) and State Street Target Retirement 2040 Fund (SSCNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSCJX achieves a 7.75% return, which is significantly lower than SSCNX's 8.49% return. Over the past 10 years, SSCJX has underperformed SSCNX with an annualized return of 9.27%, while SSCNX has yielded a comparatively higher 9.80% annualized return.

SSCJX

• 1D: 0.25%
• 1M: -0.55%
• 6M: 5.04%
• YTD: 7.75%
• 1Y: 16.86%
• 3Y*: 13.35%
• 5Y*: 6.51%
• 10Y*: 9.27%
• ALL TIME*: 8.49%

SSCNX

• 1D: 0.35%
• 1M: -0.58%
• 6M: 5.52%
• YTD: 8.49%
• 1Y: 18.44%
• 3Y*: 14.22%
• 5Y*: 6.96%
• 10Y*: 9.80%
• ALL TIME*: 8.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SSCJX State Street Target Retirement 2035 Fund	$0.00	$0.00	$0.00
SSCNX State Street Target Retirement 2040 Fund	$0.00	$0.00	$0.00

SSCJX vs. SSCNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSCJX State Street Target Retirement 2035 Fund	7.75%	17.89%	10.46%	16.73%	-18.06%	11.38%	18.07%	23.59%	-6.86%	17.41%
SSCNX State Street Target Retirement 2040 Fund	8.49%	19.00%	11.21%	17.68%	-18.55%	11.75%	18.72%	24.61%	-7.45%	18.32%

Correlation

The correlation between SSCJX and SSCNX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	1.00
Correlation (10Y) Provides a long-term view across more market conditions.	1.00
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	1.00

The correlation between SSCJX and SSCNX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

SSCJX vs. SSCNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SSCJX

SSCJX Risk / Return Rank: 65
SSCJX Sharpe Ratio Rank: 65
SSCJX Sortino Ratio Rank: 65
SSCJX Omega Ratio Rank: 67
SSCJX Calmar Ratio Rank: 60
SSCJX Martin Ratio Rank: 68

SSCNX

SSCNX Risk / Return Rank: 66
SSCNX Sharpe Ratio Rank: 67
SSCNX Sortino Ratio Rank: 65
SSCNX Omega Ratio Rank: 68
SSCNX Calmar Ratio Rank: 61
SSCNX Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSCJX vs. SSCNX - Risk-Adjusted Trends Comparison

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

	SSCJX	SSCNX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.67	0.00
Sortino ratio: Return per unit of downside risk	2.37	2.36	0.00
Omega ratio: Gain probability vs. loss probability	1.31	1.31	0.00
Calmar ratio: Return relative to maximum drawdown	2.21	2.22	-0.01
Martin ratio: Return relative to average drawdown	9.10	9.06	+0.04

SSCJX vs. SSCNX - Sharpe Ratio Comparison

The current SSCJX Sharpe Ratio is 1.67, which is comparable to the SSCNX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of SSCJX and SSCNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSCJX vs. SSCNX - Drawdown Comparison

The maximum SSCJX drawdown since its inception was -25.66%, smaller than the maximum SSCNX drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for SSCJX and SSCNX.

Drawdown Indicators

	SSCJX	SSCNX	Difference
Max Drawdown Largest peak-to-trough decline	-25.66%	-27.49%	+1.83%
Max Drawdown (1Y) Largest decline over 1 year	-7.34%	-7.96%	+0.62%
Max Drawdown (3Y) Largest decline over 3 years	-11.55%	-12.72%	+1.17%
Max Drawdown (5Y) Largest decline over 5 years	-25.20%	-26.14%	+0.94%
Max Drawdown (10Y) Largest decline over 10 years	-25.66%	-27.49%	+1.83%
Current Drawdown Current decline from peak	-1.33%	-1.45%	+0.12%
Average Drawdown Average peak-to-trough decline	-4.47%	-4.72%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.95%	-0.17%

Volatility

SSCJX vs. SSCNX - Volatility Comparison

The current volatility for State Street Target Retirement 2035 Fund (SSCJX) is 2.82%, while State Street Target Retirement 2040 Fund (SSCNX) has a volatility of 3.07%. This indicates that SSCJX 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.

Volatility by Period

	SSCJX	SSCNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	3.07%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	8.91%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	10.63%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.98%	12.87%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.46%	13.43%	-0.97%

SSCJX vs. SSCNX - Expense Ratio Comparison

SSCJX has a 0.19% 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%.

Dividends

SSCJX vs. SSCNX - Dividend Comparison

SSCJX's dividend yield for the trailing twelve months is around 6.43%, less than SSCNX's 6.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SSCNX State Street Target Retirement 2040 Fund	6.64%	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

Can I hold both SSCJX and SSCNX in my portfolio?

With a correlation of 1.00, SSCJX and SSCNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SSCJX or SSCNX?

SSCNX has higher volatility (3.07%) compared to SSCJX (2.82%). In terms of maximum drawdown, SSCJX dropped -25.66% vs SSCNX's -27.49%.

Which has better risk-adjusted returns?

SSCJX currently has the higher Sharpe Ratio (1.67 vs 1.67), 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.