SSFNX vs. FIRMX
Compare and contrast key facts about State Street Target Retirement Fund (SSFNX) and Fidelity Managed Retirement Income Fund (FIRMX).
SSFNX 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
SSFNX vs. FIRMX - Performance Comparison
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SSFNX vs. FIRMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSFNX State Street Target Retirement Fund | -0.35% | 10.93% | 7.05% | 10.73% | -12.21% | 6.87% | 10.26% | 13.97% | -2.49% | 8.92% |
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, SSFNX achieves a -0.35% return, which is significantly higher than FIRMX's -0.50% return. Over the past 10 years, SSFNX has outperformed FIRMX with an annualized return of 5.41%, while FIRMX has yielded a comparatively lower 3.92% annualized return.
SSFNX
- 1D
- 0.18%
- 1M
- -3.35%
- YTD
- -0.35%
- 6M
- 1.07%
- 1Y
- 8.90%
- 3Y*
- 8.01%
- 5Y*
- 3.96%
- 10Y*
- 5.41%
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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SSFNX vs. FIRMX - Expense Ratio Comparison
SSFNX has a 0.10% expense ratio, which is lower than FIRMX's 0.45% expense ratio.
Return for Risk
SSFNX vs. FIRMX — Risk / Return Rank
SSFNX
FIRMX
SSFNX vs. FIRMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement Fund (SSFNX) 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.
| SSFNX | FIRMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.56 | +0.02 |
Sortino ratioReturn per unit of downside risk | 2.24 | 2.17 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.08 | -0.15 |
Martin ratioReturn relative to average drawdown | 9.29 | 8.41 | +0.88 |
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
| SSFNX | FIRMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.56 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.46 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.88 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.52 | +0.24 |
Correlation
The correlation between SSFNX and FIRMX is 0.88, 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
SSFNX vs. FIRMX - Dividend Comparison
SSFNX's dividend yield for the trailing twelve months is around 4.88%, more than FIRMX's 3.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSFNX State Street Target Retirement Fund | 4.88% | 4.86% | 5.78% | 5.26% | 5.12% | 6.69% | 1.61% | 3.35% | 4.40% | 2.72% | 1.84% | 2.05% |
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
SSFNX vs. FIRMX - Drawdown Comparison
The maximum SSFNX drawdown since its inception was -16.62%, smaller than the maximum FIRMX drawdown of -33.73%. Use the drawdown chart below to compare losses from any high point for SSFNX and FIRMX.
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Drawdown Indicators
| SSFNX | FIRMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.62% | -33.73% | +17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -3.44% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.62% | -16.11% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -16.62% | -16.11% | -0.51% |
Current DrawdownCurrent decline from peak | -3.35% | -3.18% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -3.73% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.85% | +0.09% |
Volatility
SSFNX vs. FIRMX - Volatility Comparison
State Street Target Retirement Fund (SSFNX) and Fidelity Managed Retirement Income Fund (FIRMX) have volatilities of 1.92% and 1.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSFNX | FIRMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.96% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 2.86% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 4.59% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 5.21% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 4.47% | +2.08% |