SSCNX vs. FRAMX
Compare and contrast key facts about State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
SSCNX is managed by State Street. It was launched on Sep 29, 2014. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SSCNX vs. FRAMX - Performance Comparison
Loading graphics...
SSCNX vs. FRAMX - 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% | 18.32% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | -0.57% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, SSCNX achieves a -1.28% return, which is significantly lower than FRAMX's -0.57% return. Over the past 10 years, SSCNX has outperformed FRAMX with an annualized return of 9.34%, while FRAMX has yielded a comparatively lower 3.65% annualized 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%
FRAMX
- 1D
- 0.26%
- 1M
- -3.20%
- YTD
- -0.57%
- 6M
- 0.62%
- 1Y
- 6.78%
- 3Y*
- 5.66%
- 5Y*
- 2.13%
- 10Y*
- 3.65%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SSCNX vs. FRAMX - Expense Ratio Comparison
SSCNX has a 0.20% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
SSCNX vs. FRAMX — Risk / Return Rank
SSCNX
FRAMX
SSCNX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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 | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.50 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.09 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.00 | -0.18 |
Martin ratioReturn relative to average drawdown | 8.13 | 8.06 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SSCNX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.50 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.41 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.82 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.49 | +0.13 |
Correlation
The correlation between SSCNX and FRAMX is 0.81, 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. FRAMX - Dividend Comparison
SSCNX's dividend yield for the trailing twelve months is around 7.30%, more than FRAMX's 2.91% 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% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.91% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
SSCNX vs. FRAMX - Drawdown Comparison
The maximum SSCNX drawdown since its inception was -27.49%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SSCNX and FRAMX.
Loading graphics...
Drawdown Indicators
| SSCNX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -33.94% | +6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -3.45% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -16.31% | -9.83% |
Max Drawdown (10Y)Largest decline over 10 years | -27.49% | -16.31% | -11.18% |
Current DrawdownCurrent decline from peak | -6.01% | -3.20% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -3.87% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.86% | +1.26% |
Volatility
SSCNX vs. FRAMX - Volatility Comparison
State Street Target Retirement 2040 Fund (SSCNX) has a higher volatility of 4.74% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 1.96%. This indicates that SSCNX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SSCNX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 1.96% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 7.42% | 2.86% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 4.59% | +8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 5.21% | +7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 4.47% | +8.96% |