Correlation
The correlation between SSCNX and SSBWX is 0.91, 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. SSBWX
Compare and contrast key facts about State Street Target Retirement 2040 Fund (SSCNX) and State Street Target Retirement 2030 Fund (SSBWX).
SSCNX is managed by State Street Global Advisors. It was launched on Sep 29, 2014. SSBWX is managed by State Street Global Advisors. It was launched on Sep 29, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSCNX or SSBWX.
Performance
SSCNX vs. SSBWX - Performance Comparison
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Key characteristics
SSCNX:
0.86
SSBWX:
0.66
SSCNX:
1.17
SSBWX:
0.86
SSCNX:
1.16
SSBWX:
1.13
SSCNX:
0.82
SSBWX:
0.49
SSCNX:
3.57
SSBWX:
1.80
SSCNX:
2.92%
SSBWX:
3.62%
SSCNX:
13.52%
SSBWX:
11.22%
SSCNX:
-27.49%
SSBWX:
-26.86%
SSCNX:
-0.20%
SSBWX:
-3.33%
Returns By Period
In the year-to-date period, SSCNX achieves a 5.03% return, which is significantly higher than SSBWX's 4.59% return. Over the past 10 years, SSCNX has outperformed SSBWX with an annualized return of 7.79%, while SSBWX has yielded a comparatively lower 4.75% annualized return.
SSCNX
5.03%
4.07%
1.74%
11.60%
8.76%
9.27%
7.79%
SSBWX
4.59%
3.07%
-1.32%
7.33%
4.83%
4.77%
4.75%
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SSCNX vs. SSBWX - Expense Ratio Comparison
SSCNX has a 0.20% expense ratio, which is higher than SSBWX's 0.15% 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. SSBWX — Risk-Adjusted Performance Rank
SSCNX
SSBWX
SSCNX vs. SSBWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2040 Fund (SSCNX) and State Street Target Retirement 2030 Fund (SSBWX). 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. SSBWX - Dividend Comparison
SSCNX's dividend yield for the trailing twelve months is around 4.73%, less than SSBWX's 5.90% 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% |
SSBWX State Street Target Retirement 2030 Fund | 5.90% | 6.17% | 4.11% | 5.79% | 6.18% | 4.93% | 6.66% | 5.24% | 2.37% | 1.76% | 2.11% | 0.68% |
Drawdowns
SSCNX vs. SSBWX - Drawdown Comparison
The maximum SSCNX drawdown since its inception was -27.49%, roughly equal to the maximum SSBWX drawdown of -26.86%. Use the drawdown chart below to compare losses from any high point for SSCNX and SSBWX.
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Volatility
SSCNX vs. SSBWX - Volatility Comparison
State Street Target Retirement 2040 Fund (SSCNX) has a higher volatility of 2.97% compared to State Street Target Retirement 2030 Fund (SSBWX) at 2.35%. This indicates that SSCNX's price experiences larger fluctuations and is considered to be riskier than SSBWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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