Correlation
The correlation between SSCNX and FBIFX is 0.92, 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.
SSCNX vs. FBIFX
Compare and contrast key facts about State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX).
SSCNX is managed by State Street Global Advisors. It was launched on Sep 29, 2014. FBIFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSCNX or FBIFX.
Performance
SSCNX vs. FBIFX - Performance Comparison
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Key characteristics
SSCNX:
0.86
FBIFX:
0.86
SSCNX:
1.17
FBIFX:
1.17
SSCNX:
1.16
FBIFX:
1.17
SSCNX:
0.82
FBIFX:
0.83
SSCNX:
3.57
FBIFX:
3.66
SSCNX:
2.92%
FBIFX:
3.05%
SSCNX:
13.52%
FBIFX:
14.50%
SSCNX:
-27.49%
FBIFX:
-30.73%
SSCNX:
-0.20%
FBIFX:
-0.27%
Returns By Period
The year-to-date returns for both investments are quite close, with SSCNX having a 5.03% return and FBIFX slightly higher at 5.21%. Over the past 10 years, SSCNX has underperformed FBIFX with an annualized return of 7.79%, while FBIFX has yielded a comparatively higher 8.61% annualized return.
SSCNX
5.03%
4.07%
1.74%
11.60%
8.76%
9.27%
7.79%
FBIFX
5.21%
4.44%
2.25%
12.33%
10.13%
11.12%
8.61%
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SSCNX vs. FBIFX - Expense Ratio Comparison
SSCNX has a 0.20% expense ratio, which is higher than FBIFX's 0.12% expense ratio. However, 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
SSCNX vs. FBIFX — Risk-Adjusted Performance Rank
SSCNX
FBIFX
SSCNX vs. FBIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX). 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
SSCNX vs. FBIFX - Dividend Comparison
SSCNX's dividend yield for the trailing twelve months is around 4.73%, more than FBIFX's 2.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBIFX Fidelity Freedom Index 2040 Fund Investor Class | 2.28% | 2.20% | 1.97% | 2.08% | 1.96% | 2.00% | 18.26% | 2.26% | 1.82% | 1.98% | 2.04% | 3.28% |
Drawdowns
SSCNX vs. FBIFX - Drawdown Comparison
The maximum SSCNX drawdown since its inception was -27.49%, smaller than the maximum FBIFX drawdown of -30.73%. Use the drawdown chart below to compare losses from any high point for SSCNX and FBIFX.
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Volatility
SSCNX vs. FBIFX - Volatility Comparison
State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Freedom Index 2040 Fund Investor Class (FBIFX) have volatilities of 2.97% and 3.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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