SSCNX vs. FNSHX
Compare and contrast key facts about State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Freedom Income Fund Class K (FNSHX).
SSCNX is managed by State Street. It was launched on Sep 29, 2014. FNSHX is managed by Fidelity. It was launched on Jul 20, 2017.
Performance
SSCNX vs. FNSHX - Performance Comparison
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SSCNX vs. FNSHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSCNX State Street Target Retirement 2040 Fund | -1.28% | 19.00% | 11.21% | 17.68% | -18.55% | 11.75% | 18.72% | 24.61% | -7.45% | 5.45% |
FNSHX Fidelity Freedom Income Fund Class K | 0.45% | 10.35% | 4.40% | 8.26% | -11.31% | 3.16% | 9.01% | 10.74% | -1.86% | 0.09% |
Returns By Period
In the year-to-date period, SSCNX achieves a -1.28% return, which is significantly lower than FNSHX's 0.45% return.
SSCNX
- 1D
- 1.98%
- 1M
- -5.09%
- YTD
- -1.28%
- 6M
- 0.77%
- 1Y
- 16.82%
- 3Y*
- 13.03%
- 5Y*
- 6.14%
- 10Y*
- 9.34%
FNSHX
- 1D
- 0.98%
- 1M
- -2.22%
- YTD
- 0.45%
- 6M
- 1.62%
- 1Y
- 8.22%
- 3Y*
- 6.53%
- 5Y*
- 2.75%
- 10Y*
- —
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SSCNX vs. FNSHX - Expense Ratio Comparison
SSCNX has a 0.20% expense ratio, which is lower than FNSHX's 0.42% expense ratio.
Return for Risk
SSCNX vs. FNSHX — Risk / Return Rank
SSCNX
FNSHX
SSCNX vs. FNSHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Freedom Income Fund Class K (FNSHX). 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.
| SSCNX | FNSHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.76 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.46 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.34 | -0.52 |
Martin ratioReturn relative to average drawdown | 8.13 | 9.69 | -1.55 |
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
| SSCNX | FNSHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.76 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.53 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.75 | -0.13 |
Correlation
The correlation between SSCNX and FNSHX is 0.76, 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
SSCNX vs. FNSHX - Dividend Comparison
SSCNX's dividend yield for the trailing twelve months is around 7.30%, more than FNSHX's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSCNX State Street Target Retirement 2040 Fund | 7.30% | 7.21% | 4.97% | 3.78% | 5.39% | 5.58% | 4.63% | 6.31% | 5.11% | 0.38% | 1.77% | 1.96% |
FNSHX Fidelity Freedom Income Fund Class K | 3.26% | 3.21% | 3.19% | 2.98% | 5.94% | 6.17% | 4.43% | 3.74% | 5.22% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSCNX vs. FNSHX - Drawdown Comparison
The maximum SSCNX drawdown since its inception was -27.49%, which is greater than FNSHX's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for SSCNX and FNSHX.
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Drawdown Indicators
| SSCNX | FNSHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -15.87% | -11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -3.68% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -15.87% | -10.27% |
Max Drawdown (10Y)Largest decline over 10 years | -27.49% | — | — |
Current DrawdownCurrent decline from peak | -6.01% | -2.56% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -3.09% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.89% | +1.23% |
Volatility
SSCNX vs. FNSHX - Volatility Comparison
State Street Target Retirement 2040 Fund (SSCNX) has a higher volatility of 4.74% compared to Fidelity Freedom Income Fund Class K (FNSHX) at 2.45%. This indicates that SSCNX's price experiences larger fluctuations and is considered to be riskier than FNSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSCNX | FNSHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 2.45% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.42% | 3.30% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 4.89% | +8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 5.27% | +7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 4.81% | +8.62% |