GMFZX vs. SSFNX

Last updated Aug 1, 2026

GMFZX (GuideStone Funds MyDestination 2045 Fund) and SSFNX (State Street Target Retirement Fund) are both Target Retirement Date funds. Over the past 10 years, GMFZX returned 10.51%/yr vs 5.61%/yr for SSFNX. Their correlation of 0.90 means they have usually moved in the same direction. GMFZX charges 0.38%/yr vs 0.10%/yr for SSFNX.

Performance

GMFZX vs. SSFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuideStone Funds MyDestination 2045 Fund (GMFZX) and State Street Target Retirement Fund (SSFNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMFZX achieves a 9.29% return, which is significantly higher than SSFNX's 5.13% return. Over the past 10 years, GMFZX has outperformed SSFNX with an annualized return of 10.51%, while SSFNX has yielded a comparatively lower 5.61% annualized return.

GMFZX

• 1D: 1.77%
• 1M: -0.14%
• 6M: 6.38%
• YTD: 9.29%
• 1Y: 19.43%
• 3Y*: 15.07%
• 5Y*: 8.56%
• 10Y*: 10.51%
• ALL TIME*: 6.73%

SSFNX

• 1D: 0.59%
• 1M: 0.00%
• 6M: 3.48%
• YTD: 5.13%
• 1Y: 10.22%
• 3Y*: 8.89%
• 5Y*: 4.12%
• 10Y*: 5.61%
• ALL TIME*: 5.26%

*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)
GMFZX GuideStone Funds MyDestination 2045 Fund	$0.00	$0.00	$0.00
SSFNX State Street Target Retirement Fund	$0.00	$0.00	$0.00

GMFZX vs. SSFNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMFZX GuideStone Funds MyDestination 2045 Fund	9.29%	18.22%	14.21%	18.70%	-17.40%	16.30%	13.82%	24.26%	-7.79%	20.91%
SSFNX State Street Target Retirement Fund	5.13%	10.93%	7.05%	10.73%	-12.21%	6.87%	10.26%	13.97%	-2.49%	8.92%

Correlation

The correlation between GMFZX and SSFNX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.90

The correlation between GMFZX and SSFNX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

GMFZX vs. SSFNX — Risk / Return Rank

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

GMFZX

GMFZX Risk / Return Rank: 62
GMFZX Sharpe Ratio Rank: 61
GMFZX Sortino Ratio Rank: 60
GMFZX Omega Ratio Rank: 59
GMFZX Calmar Ratio Rank: 60
GMFZX Martin Ratio Rank: 72

SSFNX

SSFNX Risk / Return Rank: 86
SSFNX Sharpe Ratio Rank: 86
SSFNX Sortino Ratio Rank: 84
SSFNX Omega Ratio Rank: 85
SSFNX Calmar Ratio Rank: 84
SSFNX Martin Ratio Rank: 90

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.

GMFZX vs. SSFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds MyDestination 2045 Fund (GMFZX) and State Street Target Retirement Fund (SSFNX). 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.

	GMFZX	SSFNX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.09	-0.59
Sortino ratio: Return per unit of downside risk	2.14	2.99	-0.85
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.14
Calmar ratio: Return relative to maximum drawdown	2.08	2.83	-0.76
Martin ratio: Return relative to average drawdown	8.94	12.28	-3.34

GMFZX vs. SSFNX - Sharpe Ratio Comparison

The current GMFZX Sharpe Ratio is 1.51, which is comparable to the SSFNX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of GMFZX and SSFNX, 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

GMFZX vs. SSFNX - Drawdown Comparison

The maximum GMFZX drawdown since its inception was -60.03%, which is greater than SSFNX's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for GMFZX and SSFNX.

Drawdown Indicators

	GMFZX	SSFNX	Difference
Max Drawdown Largest peak-to-trough decline	-60.03%	-16.62%	-43.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-3.52%	-5.07%
Max Drawdown (3Y) Largest decline over 3 years	-14.13%	-5.21%	-8.92%
Max Drawdown (5Y) Largest decline over 5 years	-24.61%	-16.62%	-7.99%
Max Drawdown (10Y) Largest decline over 10 years	-30.18%	-16.62%	-13.56%
Current Drawdown Current decline from peak	-1.10%	-0.42%	-0.68%
Average Drawdown Average peak-to-trough decline	-9.59%	-2.49%	-7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	0.81%	+1.18%

Volatility

GMFZX vs. SSFNX - Volatility Comparison

GuideStone Funds MyDestination 2045 Fund (GMFZX) has a higher volatility of 3.37% compared to State Street Target Retirement Fund (SSFNX) at 1.23%. This indicates that GMFZX's price experiences larger fluctuations and is considered to be riskier than SSFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMFZX	SSFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	1.23%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	9.79%	3.97%	+5.82%
Volatility (1Y) Calculated over the trailing 1-year period	11.83%	4.78%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.67%	6.63%	+7.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	6.56%	+7.77%

GMFZX vs. SSFNX - Expense Ratio Comparison

GMFZX has a 0.38% expense ratio, which is higher than SSFNX's 0.10% expense ratio.

Dividends

GMFZX vs. SSFNX - Dividend Comparison

GMFZX's dividend yield for the trailing twelve months is around 4.12%, less than SSFNX's 4.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMFZX GuideStone Funds MyDestination 2045 Fund	4.12%	4.50%	5.87%	3.27%	6.81%	5.46%	2.36%	3.33%	7.99%	4.37%	3.97%	19.91%
SSFNX State Street Target Retirement Fund	4.63%	4.86%	5.78%	5.26%	5.12%	6.69%	1.61%	3.35%	4.40%	2.72%	1.84%	2.05%

Frequently Asked Questions

Can I hold both GMFZX and SSFNX in my portfolio?

With a correlation of 0.91, GMFZX and SSFNX 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, GMFZX or SSFNX?

GMFZX has higher volatility (3.37%) compared to SSFNX (1.23%). In terms of maximum drawdown, GMFZX dropped -60.03% vs SSFNX's -16.62%.

Which has better risk-adjusted returns?

SSFNX currently has the higher Sharpe Ratio (2.09 vs 1.51), 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.