SSCNX vs. FRIMX
Compare and contrast key facts about State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Advisor Managed Retirement Income Fund Class I (FRIMX).
SSCNX is managed by State Street. It was launched on Sep 29, 2014. FRIMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SSCNX vs. FRIMX - Performance Comparison
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SSCNX vs. FRIMX - 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% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 0.24% | 9.94% | 4.30% | 8.06% | -11.66% | 2.78% | 8.57% | 10.57% | -1.82% | 7.08% |
Returns By Period
In the year-to-date period, SSCNX achieves a -1.28% return, which is significantly lower than FRIMX's 0.24% return. Over the past 10 years, SSCNX has outperformed FRIMX with an annualized return of 9.34%, while FRIMX has yielded a comparatively lower 4.00% 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%
FRIMX
- 1D
- 0.75%
- 1M
- -2.07%
- YTD
- 0.24%
- 6M
- 1.30%
- 1Y
- 7.57%
- 3Y*
- 6.23%
- 5Y*
- 2.46%
- 10Y*
- 4.00%
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SSCNX vs. FRIMX - Expense Ratio Comparison
SSCNX has a 0.20% expense ratio, which is lower than FRIMX's 0.45% expense ratio.
Return for Risk
SSCNX vs. FRIMX — Risk / Return Rank
SSCNX
FRIMX
SSCNX vs. FRIMX - 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 I (FRIMX). 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 | FRIMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.70 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.38 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.31 | -0.49 |
Martin ratioReturn relative to average drawdown | 8.13 | 9.18 | -1.05 |
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 | FRIMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.70 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.47 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.90 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.53 | +0.09 |
Correlation
The correlation between SSCNX and FRIMX 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. FRIMX - Dividend Comparison
SSCNX's dividend yield for the trailing twelve months is around 7.30%, more than FRIMX's 3.13% 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% |
FRIMX Fidelity Advisor Managed Retirement Income Fund Class I | 3.13% | 3.11% | 3.01% | 2.82% | 4.52% | 3.54% | 2.41% | 2.56% | 4.67% | 8.56% | 1.67% | 1.68% |
Drawdowns
SSCNX vs. FRIMX - Drawdown Comparison
The maximum SSCNX drawdown since its inception was -27.49%, smaller than the maximum FRIMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for SSCNX and FRIMX.
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Drawdown Indicators
| SSCNX | FRIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -33.73% | +6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -3.44% | -6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -16.12% | -10.02% |
Max Drawdown (10Y)Largest decline over 10 years | -27.49% | -16.12% | -11.37% |
Current DrawdownCurrent decline from peak | -6.01% | -2.46% | -3.55% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -3.74% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.86% | +1.26% |
Volatility
SSCNX vs. FRIMX - 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 I (FRIMX) at 2.13%. This indicates that SSCNX's price experiences larger fluctuations and is considered to be riskier than FRIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSCNX | FRIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 2.13% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.42% | 2.95% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 4.64% | +8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 5.23% | +7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.43% | 4.48% | +8.95% |