Correlation
The correlation between SSCNX and VOO is 0.92, 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. VOO
Compare and contrast key facts about State Street Target Retirement 2040 Fund (SSCNX) and Vanguard S&P 500 ETF (VOO).
SSCNX is managed by State Street Global Advisors. It was launched on Sep 29, 2014. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSCNX or VOO.
Performance
SSCNX vs. VOO - Performance Comparison
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Key characteristics
SSCNX:
0.86
VOO:
0.74
SSCNX:
1.17
VOO:
1.04
SSCNX:
1.16
VOO:
1.15
SSCNX:
0.82
VOO:
0.68
SSCNX:
3.57
VOO:
2.58
SSCNX:
2.92%
VOO:
4.93%
SSCNX:
13.52%
VOO:
19.54%
SSCNX:
-27.49%
VOO:
-33.99%
SSCNX:
-0.20%
VOO:
-3.55%
Returns By Period
In the year-to-date period, SSCNX achieves a 5.03% return, which is significantly higher than VOO's 0.90% return. Over the past 10 years, SSCNX has underperformed VOO with an annualized return of 7.79%, while VOO has yielded a comparatively higher 12.81% annualized return.
SSCNX
5.03%
4.07%
1.74%
11.60%
8.76%
9.27%
7.79%
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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SSCNX vs. VOO - Expense Ratio Comparison
SSCNX has a 0.20% expense ratio, which is higher than VOO's 0.03% 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. VOO — Risk-Adjusted Performance Rank
SSCNX
VOO
SSCNX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2040 Fund (SSCNX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
SSCNX's dividend yield for the trailing twelve months is around 4.73%, more than VOO's 1.29% 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% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
SSCNX vs. VOO - Drawdown Comparison
The maximum SSCNX drawdown since its inception was -27.49%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SSCNX and VOO.
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Volatility
SSCNX vs. VOO - Volatility Comparison
The current volatility for State Street Target Retirement 2040 Fund (SSCNX) is 2.97%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.84%. This indicates that SSCNX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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