SSDDX vs. FIRMX
Compare and contrast key facts about State Street Target Retirement 2045 Fund (SSDDX) and Fidelity Managed Retirement Income Fund (FIRMX).
SSDDX is managed by State Street. It was launched on Sep 29, 2014. FIRMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SSDDX vs. FIRMX - Performance Comparison
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SSDDX vs. FIRMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSDDX State Street Target Retirement 2045 Fund | -3.38% | 19.92% | 11.80% | 18.48% | -18.97% | 13.08% | 19.28% | 25.41% | -7.95% | 19.14% |
FIRMX Fidelity Managed Retirement Income Fund | -0.50% | 9.95% | 4.29% | 8.07% | -11.66% | 2.77% | 8.57% | 10.57% | -1.80% | 7.08% |
Returns By Period
In the year-to-date period, SSDDX achieves a -3.38% return, which is significantly lower than FIRMX's -0.50% return. Over the past 10 years, SSDDX has outperformed FIRMX with an annualized return of 9.58%, while FIRMX has yielded a comparatively lower 3.92% annualized return.
SSDDX
- 1D
- 0.06%
- 1M
- -8.03%
- YTD
- -3.38%
- 6M
- -0.86%
- 1Y
- 15.87%
- 3Y*
- 12.91%
- 5Y*
- 6.41%
- 10Y*
- 9.58%
FIRMX
- 1D
- 0.27%
- 1M
- -3.18%
- YTD
- -0.50%
- 6M
- 0.75%
- 1Y
- 7.05%
- 3Y*
- 5.96%
- 5Y*
- 2.41%
- 10Y*
- 3.92%
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SSDDX vs. FIRMX - Expense Ratio Comparison
SSDDX has a 0.18% expense ratio, which is lower than FIRMX's 0.45% expense ratio.
Return for Risk
SSDDX vs. FIRMX — Risk / Return Rank
SSDDX
FIRMX
SSDDX vs. FIRMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2045 Fund (SSDDX) and Fidelity Managed Retirement Income Fund (FIRMX). 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.
| SSDDX | FIRMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.56 | -0.40 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.17 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.08 | -0.65 |
Martin ratioReturn relative to average drawdown | 6.56 | 8.41 | -1.85 |
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
| SSDDX | FIRMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.56 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.46 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.88 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.52 | +0.08 |
Correlation
The correlation between SSDDX and FIRMX is 0.80, 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
SSDDX vs. FIRMX - Dividend Comparison
SSDDX's dividend yield for the trailing twelve months is around 6.90%, more than FIRMX's 3.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSDDX State Street Target Retirement 2045 Fund | 6.90% | 6.67% | 4.90% | 3.56% | 5.36% | 4.88% | 4.04% | 6.21% | 5.00% | 0.43% | 1.72% | 1.87% |
FIRMX Fidelity Managed Retirement Income Fund | 3.16% | 3.13% | 3.02% | 2.81% | 4.54% | 3.56% | 2.48% | 2.59% | 4.65% | 8.57% | 1.67% | 1.68% |
Drawdowns
SSDDX vs. FIRMX - Drawdown Comparison
The maximum SSDDX drawdown since its inception was -29.22%, smaller than the maximum FIRMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for SSDDX and FIRMX.
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Drawdown Indicators
| SSDDX | FIRMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -33.73% | +4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -3.44% | -6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -26.80% | -16.11% | -10.69% |
Max Drawdown (10Y)Largest decline over 10 years | -29.22% | -16.11% | -13.11% |
Current DrawdownCurrent decline from peak | -8.30% | -3.18% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -3.73% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 0.85% | +1.36% |
Volatility
SSDDX vs. FIRMX - Volatility Comparison
State Street Target Retirement 2045 Fund (SSDDX) has a higher volatility of 4.47% compared to Fidelity Managed Retirement Income Fund (FIRMX) at 1.96%. This indicates that SSDDX's price experiences larger fluctuations and is considered to be riskier than FIRMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSDDX | FIRMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 1.96% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 2.86% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.74% | 4.59% | +9.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 5.21% | +8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 4.47% | +9.74% |