FAELX vs. SSBRX

Last updated Aug 1, 2026

FAELX (Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past year, FAELX returned 14.69% vs 12.33% for SSBRX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FAELX charges 0.50%/yr vs 0.13%/yr for SSBRX.

Performance

FAELX vs. SSBRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) and State Street Target Retirement 2025 Fund (SSBRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAELX achieves a 7.27% return, which is significantly higher than SSBRX's 6.02% return.

FAELX

• 1D: 1.60%
• 1M: -1.15%
• 6M: 3.62%
• YTD: 7.27%
• 1Y: 14.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.79%

SSBRX

• 1D: 0.68%
• 1M: -0.07%
• 6M: 4.04%
• YTD: 6.02%
• 1Y: 12.33%
• 3Y*: 10.40%
• 5Y*: 4.92%
• 10Y*: 7.55%
• ALL TIME*: 7.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	$0.00	$0.00	$0.00
SSBRX State Street Target Retirement 2025 Fund	$0.00	$0.00	$0.00

FAELX vs. SSBRX - Yearly Performance Comparison

	2026 (YTD)	2025
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	7.27%	17.33%
SSBRX State Street Target Retirement 2025 Fund	6.02%	13.02%

Correlation

The correlation between FAELX and SSBRX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.76

The correlation between FAELX and SSBRX has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

FAELX vs. SSBRX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FAELX

FAELX Risk / Return Rank: 59
FAELX Sharpe Ratio Rank: 55
FAELX Sortino Ratio Rank: 58
FAELX Omega Ratio Rank: 53
FAELX Calmar Ratio Rank: 59
FAELX Martin Ratio Rank: 67

SSBRX

SSBRX Risk / Return Rank: 82
SSBRX Sharpe Ratio Rank: 82
SSBRX Sortino Ratio Rank: 81
SSBRX Omega Ratio Rank: 81
SSBRX Calmar Ratio Rank: 80
SSBRX Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FAELX vs. SSBRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) and State Street Target Retirement 2025 Fund (SSBRX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FAELX	SSBRX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.97	-0.47
Sortino ratio: Return per unit of downside risk	2.20	2.81	-0.61
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	2.16	2.63	-0.47
Martin ratio: Return relative to average drawdown	8.85	11.41	-2.56

FAELX vs. SSBRX - Sharpe Ratio Comparison

The current FAELX Sharpe Ratio is 1.50, which is comparable to the SSBRX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of FAELX and SSBRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FAELX vs. SSBRX - Drawdown Comparison

The maximum FAELX drawdown since its inception was -11.54%, smaller than the maximum SSBRX drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for FAELX and SSBRX.

Drawdown Indicators

	FAELX	SSBRX	Difference
Max Drawdown Largest peak-to-trough decline	-11.54%	-21.96%	+10.42%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-4.44%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.96%	—
Current Drawdown Current decline from peak	-2.21%	-0.67%	-1.54%
Average Drawdown Average peak-to-trough decline	-1.45%	-3.68%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.02%	+0.76%

Volatility

FAELX vs. SSBRX - Volatility Comparison

Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund (FAELX) has a higher volatility of 3.30% compared to State Street Target Retirement 2025 Fund (SSBRX) at 1.49%. This indicates that FAELX's price experiences larger fluctuations and is considered to be riskier than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAELX	SSBRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	1.49%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	4.88%	+4.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	5.94%	+5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.10%	8.86%	+4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.10%	9.75%	+3.35%

FAELX vs. SSBRX - Expense Ratio Comparison

FAELX has a 0.50% expense ratio, which is higher than SSBRX's 0.13% expense ratio.

Dividends

FAELX vs. SSBRX - Dividend Comparison

FAELX has not paid dividends to shareholders, while SSBRX's dividend yield for the trailing twelve months is around 5.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAELX Connecticut Higher Education Trust 529 College Savings Plan - CT 529 Moderate Growth Portfolio Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SSBRX State Street Target Retirement 2025 Fund	5.72%	6.07%	6.67%	4.60%	6.60%	6.44%	4.74%	6.58%	5.35%	0.60%	1.84%	2.38%

Frequently Asked Questions

Can I hold both FAELX and SSBRX in my portfolio?

FAELX and SSBRX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAELX or SSBRX?

FAELX has higher volatility (3.30%) compared to SSBRX (1.49%). In terms of maximum drawdown, FAELX dropped -11.54% vs SSBRX's -21.96%.

Which has better risk-adjusted returns?

SSBRX currently has the higher Sharpe Ratio (1.97 vs 1.50), 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.