PAHHX vs. SSFNX
Compare and contrast key facts about T. Rowe Price Target 2040 Fund (PAHHX) and State Street Target Retirement Fund (SSFNX).
PAHHX is managed by T. Rowe Price. It was launched on Aug 19, 2013. SSFNX is managed by State Street. It was launched on Sep 29, 2014.
Performance
PAHHX vs. SSFNX - Performance Comparison
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PAHHX vs. SSFNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAHHX T. Rowe Price Target 2040 Fund | -2.81% | 15.54% | 11.42% | 17.26% | -18.09% | 13.74% | 16.17% | 21.99% | -6.72% | 17.68% |
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% |
Returns By Period
In the year-to-date period, PAHHX achieves a -2.81% return, which is significantly lower than SSFNX's -0.35% return. Over the past 10 years, PAHHX has outperformed SSFNX with an annualized return of 8.36%, while SSFNX has yielded a comparatively lower 5.41% annualized return.
PAHHX
- 1D
- -0.12%
- 1M
- -7.48%
- YTD
- -2.81%
- 6M
- -0.58%
- 1Y
- 11.66%
- 3Y*
- 11.60%
- 5Y*
- 5.54%
- 10Y*
- 8.36%
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%
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PAHHX vs. SSFNX - Expense Ratio Comparison
PAHHX has a 0.85% expense ratio, which is higher than SSFNX's 0.10% expense ratio.
Return for Risk
PAHHX vs. SSFNX — Risk / Return Rank
PAHHX
SSFNX
PAHHX vs. SSFNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Target 2040 Fund (PAHHX) 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.
| PAHHX | SSFNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.59 | -0.62 |
Sortino ratioReturn per unit of downside risk | 1.43 | 2.24 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.93 | -0.87 |
Martin ratioReturn relative to average drawdown | 4.87 | 9.29 | -4.42 |
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
| PAHHX | SSFNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.59 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.61 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.83 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.77 | -0.13 |
Correlation
The correlation between PAHHX and SSFNX is 0.90, 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
PAHHX vs. SSFNX - Dividend Comparison
PAHHX's dividend yield for the trailing twelve months is around 6.11%, more than SSFNX's 4.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAHHX T. Rowe Price Target 2040 Fund | 6.11% | 5.93% | 3.10% | 2.66% | 5.85% | 3.36% | 2.86% | 4.23% | 5.43% | 2.15% | 2.30% | 2.56% |
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% |
Drawdowns
PAHHX vs. SSFNX - Drawdown Comparison
The maximum PAHHX drawdown since its inception was -28.58%, which is greater than SSFNX's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for PAHHX and SSFNX.
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Drawdown Indicators
| PAHHX | SSFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -16.62% | -11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -4.51% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -16.62% | -9.18% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -16.62% | -11.96% |
Current DrawdownCurrent decline from peak | -7.73% | -3.35% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -2.55% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.94% | +1.28% |
Volatility
PAHHX vs. SSFNX - Volatility Comparison
T. Rowe Price Target 2040 Fund (PAHHX) has a higher volatility of 3.99% compared to State Street Target Retirement Fund (SSFNX) at 1.92%. This indicates that PAHHX'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.
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Volatility by Period
| PAHHX | SSFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 1.92% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.17% | 3.23% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 5.71% | +6.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.24% | 6.56% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.62% | 6.55% | +6.07% |