ELDFX vs. SSBWX

Last updated Jun 5, 2026

ELDFX (Elfun Diversified Fund) and SSBWX (State Street Target Retirement 2030 Fund) are both mutual funds - ELDFX is a Diversified Portfolio fund managed by State Street, while SSBWX is a Target Retirement Date fund managed by State Street. Over the past 10 years, ELDFX returned 8.77%/yr vs 8.96%/yr for SSBWX. With a 0.97 correlation, they move nearly in lockstep. ELDFX charges 0.33%/yr vs 0.15%/yr for SSBWX.

Performance

ELDFX vs. SSBWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elfun Diversified Fund (ELDFX) and State Street Target Retirement 2030 Fund (SSBWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ELDFX having a 7.28% return and SSBWX slightly higher at 7.53%. Both investments have delivered pretty close results over the past 10 years, with ELDFX having a 8.77% annualized return and SSBWX not far ahead at 8.96%.

ELDFX

• 1D: -0.46%
• 1M: 2.61%
• YTD: 7.28%
• 6M: 7.76%
• 1Y: 18.97%
• 3Y*: 14.80%
• 5Y*: 7.52%
• 10Y*: 8.77%

SSBWX

• 1D: -0.40%
• 1M: 2.25%
• YTD: 7.53%
• 6M: 7.73%
• 1Y: 18.22%
• 3Y*: 13.82%
• 5Y*: 6.29%
• 10Y*: 8.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELDFX vs. SSBWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELDFX Elfun Diversified Fund	7.28%	17.04%	11.55%	16.13%	-15.33%	11.62%	12.25%	19.60%	-5.50%	15.40%
SSBWX State Street Target Retirement 2030 Fund	7.53%	15.92%	9.76%	15.66%	-17.17%	10.75%	17.27%	22.52%	-6.23%	16.05%

Correlation

The correlation between ELDFX and SSBWX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.98

The correlation between ELDFX and SSBWX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

ELDFX vs. SSBWX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELDFX

ELDFX Risk / Return Rank: 66
ELDFX Sharpe Ratio Rank: 69
ELDFX Sortino Ratio Rank: 69
ELDFX Omega Ratio Rank: 70
ELDFX Calmar Ratio Rank: 56
ELDFX Martin Ratio Rank: 64

SSBWX

SSBWX Risk / Return Rank: 72
SSBWX Sharpe Ratio Rank: 76
SSBWX Sortino Ratio Rank: 75
SSBWX Omega Ratio Rank: 76
SSBWX Calmar Ratio Rank: 63
SSBWX Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELDFX vs. SSBWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elfun Diversified Fund (ELDFX) and State Street Target Retirement 2030 Fund (SSBWX). 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.

	ELDFX	SSBWX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.53	-0.12
Sortino ratio: Return per unit of downside risk	3.42	3.63	-0.21
Omega ratio: Gain probability vs. loss probability	1.46	1.50	-0.03
Calmar ratio: Return relative to maximum drawdown	2.83	3.04	-0.21
Martin ratio: Return relative to average drawdown	12.37	13.49	-1.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELDFX vs. SSBWX - Sharpe Ratio Comparison

The current ELDFX Sharpe Ratio is 2.41, which is comparable to the SSBWX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of ELDFX and SSBWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELDFX	SSBWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.53	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.59	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	0.79	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.72	-0.08

Drawdowns

ELDFX vs. SSBWX - Drawdown Comparison

The maximum ELDFX drawdown since its inception was -40.54%, which is greater than SSBWX's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for ELDFX and SSBWX.

Drawdown Indicators

	ELDFX	SSBWX	Difference
Max Drawdown Largest peak-to-trough decline	-40.54%	-23.73%	-16.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-6.20%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	-9.57%	-9.73%	+0.16%
Max Drawdown (5Y) Largest decline over 5 years	-21.52%	-23.73%	+2.21%
Max Drawdown (10Y) Largest decline over 10 years	-22.95%	-23.73%	+0.78%
Current Drawdown Current decline from peak	-0.46%	-0.40%	-0.06%
Average Drawdown Average peak-to-trough decline	-4.65%	-4.17%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	1.39%	+0.19%

Volatility

ELDFX vs. SSBWX - Volatility Comparison

Elfun Diversified Fund (ELDFX) has a higher volatility of 2.49% compared to State Street Target Retirement 2030 Fund (SSBWX) at 2.36%. This indicates that ELDFX's price experiences larger fluctuations and is considered to be riskier than SSBWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELDFX	SSBWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.49%	2.36%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	6.54%	5.97%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	8.12%	7.44%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.07%	10.65%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.16%	11.33%	-1.17%

ELDFX vs. SSBWX - Expense Ratio Comparison

ELDFX has a 0.33% expense ratio, which is higher than SSBWX's 0.15% expense ratio.

Dividends

ELDFX vs. SSBWX - Dividend Comparison

ELDFX's dividend yield for the trailing twelve months is around 7.24%, more than SSBWX's 6.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELDFX Elfun Diversified Fund	7.24%	7.77%	6.38%	2.56%	7.89%	7.91%	4.54%	4.17%	3.24%	11.08%	3.06%	6.01%
SSBWX State Street Target Retirement 2030 Fund	6.43%	6.91%	6.16%	4.11%	5.78%	6.18%	4.92%	6.65%	5.24%	0.46%	1.75%	2.11%

Frequently Asked Questions

Can I hold both ELDFX and SSBWX in my portfolio?

With a correlation of 0.99, ELDFX and SSBWX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ELDFX or SSBWX?

ELDFX has higher volatility (2.49%) compared to SSBWX (2.36%). In terms of maximum drawdown, ELDFX dropped -40.54% vs SSBWX's -23.73%.

Which has better risk-adjusted returns?

SSBWX currently has the higher Sharpe Ratio (2.53 vs 2.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.