SSDJX vs. FRAMX
Compare and contrast key facts about State Street Target Retirement 2050 Fund (SSDJX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX).
SSDJX is managed by State Street. It was launched on Sep 29, 2014. FRAMX is managed by BlackRock. It was launched on Aug 30, 2007.
Performance
SSDJX vs. FRAMX - Performance Comparison
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SSDJX vs. FRAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSDJX State Street Target Retirement 2050 Fund | -1.36% | 20.71% | 12.35% | 19.18% | -19.24% | 13.12% | 19.69% | 25.73% | -8.12% | 18.90% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 0.18% | 9.55% | 4.04% | 7.80% | -11.87% | 2.52% | 8.30% | 10.28% | -2.05% | 6.82% |
Returns By Period
In the year-to-date period, SSDJX achieves a -1.36% return, which is significantly lower than FRAMX's 0.18% return. Over the past 10 years, SSDJX has outperformed FRAMX with an annualized return of 9.99%, while FRAMX has yielded a comparatively lower 3.73% annualized return.
SSDJX
- 1D
- 2.21%
- 1M
- -5.66%
- YTD
- -1.36%
- 6M
- 0.81%
- 1Y
- 18.83%
- 3Y*
- 14.33%
- 5Y*
- 6.81%
- 10Y*
- 9.99%
FRAMX
- 1D
- 0.75%
- 1M
- -2.08%
- YTD
- 0.18%
- 6M
- 1.18%
- 1Y
- 7.30%
- 3Y*
- 5.92%
- 5Y*
- 2.18%
- 10Y*
- 3.73%
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SSDJX vs. FRAMX - Expense Ratio Comparison
SSDJX has a 0.21% expense ratio, which is lower than FRAMX's 0.70% expense ratio.
Return for Risk
SSDJX vs. FRAMX — Risk / Return Rank
SSDJX
FRAMX
SSDJX vs. FRAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2050 Fund (SSDJX) and Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX). 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.
| SSDJX | FRAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.64 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.30 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.22 | -0.43 |
Martin ratioReturn relative to average drawdown | 8.16 | 8.81 | -0.65 |
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
| SSDJX | FRAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.64 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.42 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.84 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.50 | +0.11 |
Correlation
The correlation between SSDJX and FRAMX 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
SSDJX vs. FRAMX - Dividend Comparison
SSDJX's dividend yield for the trailing twelve months is around 6.13%, more than FRAMX's 2.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSDJX State Street Target Retirement 2050 Fund | 6.13% | 6.05% | 4.63% | 3.13% | 5.47% | 4.87% | 4.13% | 6.79% | 5.05% | 0.45% | 1.73% | 1.86% |
FRAMX Fidelity Advisor Managed Retirement Income Fund Class A | 2.88% | 2.77% | 2.77% | 2.58% | 4.26% | 3.31% | 2.23% | 2.37% | 4.40% | 8.26% | 1.42% | 1.42% |
Drawdowns
SSDJX vs. FRAMX - Drawdown Comparison
The maximum SSDJX drawdown since its inception was -29.95%, smaller than the maximum FRAMX drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for SSDJX and FRAMX.
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Drawdown Indicators
| SSDJX | FRAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.95% | -33.94% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -3.45% | -7.25% |
Max Drawdown (5Y)Largest decline over 5 years | -27.45% | -16.31% | -11.14% |
Max Drawdown (10Y)Largest decline over 10 years | -29.95% | -16.31% | -13.64% |
Current DrawdownCurrent decline from peak | -6.66% | -2.47% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -3.86% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 0.87% | +1.49% |
Volatility
SSDJX vs. FRAMX - Volatility Comparison
State Street Target Retirement 2050 Fund (SSDJX) has a higher volatility of 5.32% compared to Fidelity Advisor Managed Retirement Income Fund Class A (FRAMX) at 2.14%. This indicates that SSDJX's price experiences larger fluctuations and is considered to be riskier than FRAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSDJX | FRAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 2.14% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 2.95% | +5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 4.64% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 5.22% | +8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 4.48% | +10.24% |