SSCNX vs. FRKMX
Compare and contrast key facts about State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Managed Retirement Income Fund Class K (FRKMX).
SSCNX is managed by State Street. It was launched on Sep 29, 2014. FRKMX is managed by BlackRock. It was launched on Aug 1, 2019.
Performance
SSCNX vs. FRKMX - Performance Comparison
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SSCNX vs. FRKMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SSCNX State Street Target Retirement 2040 Fund | -1.28% | 19.00% | 11.21% | 17.68% | -18.55% | 11.75% | 18.72% | 8.17% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 0.27% | 9.91% | 4.40% | 8.17% | -11.57% | 2.88% | 8.68% | 3.08% |
Returns By Period
In the year-to-date period, SSCNX achieves a -1.28% return, which is significantly lower than FRKMX's 0.27% 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%
FRKMX
- 1D
- 0.75%
- 1M
- -2.05%
- YTD
- 0.27%
- 6M
- 1.36%
- 1Y
- 7.67%
- 3Y*
- 6.29%
- 5Y*
- 2.54%
- 10Y*
- —
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SSCNX vs. FRKMX - Expense Ratio Comparison
SSCNX has a 0.20% expense ratio, which is lower than FRKMX's 0.35% expense ratio.
Return for Risk
SSCNX vs. FRKMX — Risk / Return Rank
SSCNX
FRKMX
SSCNX vs. FRKMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2040 Fund (SSCNX) and Fidelity Managed Retirement Income Fund Class K (FRKMX). 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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 1.72 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.41 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.35 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.35 | -0.53 |
Martin ratioReturn relative to average drawdown | 8.13 | 9.34 | -1.21 |
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 | FRKMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.72 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.49 | 0.00 |
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 | 0.71 | -0.09 |
Correlation
The correlation between SSCNX and FRKMX is 0.77, 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. FRKMX - Dividend Comparison
SSCNX's dividend yield for the trailing twelve months is around 7.30%, more than FRKMX's 3.25% 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% |
FRKMX Fidelity Managed Retirement Income Fund Class K | 3.25% | 3.11% | 3.12% | 2.92% | 4.66% | 3.65% | 2.56% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSCNX vs. FRKMX - Drawdown Comparison
The maximum SSCNX drawdown since its inception was -27.49%, which is greater than FRKMX's maximum drawdown of -16.04%. Use the drawdown chart below to compare losses from any high point for SSCNX and FRKMX.
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Drawdown Indicators
| SSCNX | FRKMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -16.04% | -11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -3.42% | -6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -16.04% | -10.10% |
Max Drawdown (10Y)Largest decline over 10 years | -27.49% | — | — |
Current DrawdownCurrent decline from peak | -6.01% | -2.44% | -3.57% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -3.64% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 0.86% | +1.26% |
Volatility
SSCNX vs. FRKMX - Volatility Comparison
State Street Target Retirement 2040 Fund (SSCNX) has a higher volatility of 4.74% compared to Fidelity Managed Retirement Income Fund Class K (FRKMX) at 2.14%. This indicates that SSCNX's price experiences larger fluctuations and is considered to be riskier than FRKMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSCNX | FRKMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 2.14% | +2.60% |
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% | 4.63% | +8.31% |
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% | 5.14% | +8.29% |