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State Street Target Retirement Fund (SSFNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

SSGA Funds Management, Inc. (the "Adviser" or "SSGA FM") manages the Target Retirement Fund using a proprietary asset allocation strategy. The fund is a "fund of funds" that invests in a combination of mutual funds and ETFs sponsored by the Adviser or its affiliates ("underlying funds"). Its assets are allocated among the underlying funds according to a target asset allocation strategy that emphasizes fixed income, but also includes a smaller allocation to equity and certain other asset classes.

Looking to diversify beyond SSFNX? The mutual funds below have the lowest correlation with SSFNX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SSFNX.

Best Diversifiers for SSFNX

0 mutual funds have low correlation with SSFNX (below 0.3), 0 of which are negatively correlated. The least correlated is Elfun Tax Exempt Income Fund (ELFTX) (Municipal Bonds) with a 1Y correlation of 0.38, roughly unchanged from 0.31 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ELFTX
Elfun Tax Exempt Income Fund0.380.360.31
72
Municipal BondsSSFNX vs ELFTX
SVSPX
State Street S&P 500 Index Fund Class N0.660.710.79
83
Large Cap Blend EquitiesSSFNX vs SVSPX
SSHQX
State Street Hedged International Developed Equity...0.700.670.70
72
Foreign Large Cap EquitiesSSFNX vs SSHQX
VEIRX
Vanguard Equity Income Fund Admiral Shares0.710.720.74
61
Large Cap Value EquitiesSSFNX vs VEIRX
FAELX
Connecticut Higher Education Trust 529 College Sav...0.77——
77
Target Retirement DateSSFNX vs FAELX
See all 624 diversifiers for SSFNX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SSFNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSFNX and solid risk/return profiles. The least correlated is BlackRock, Inc. (BLK) (Financial Services) with a 1Y correlation of 0.56, down from 0.69 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BLK
BlackRock, Inc.0.560.630.69
52
Financial Services

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Diversification Analysis

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