PDIZX vs. SSBRX

Last updated Jun 23, 2026

PDIZX (Putnam Retirement Advantage 2030 Fund) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 5 years, PDIZX returned 6.34%/yr vs 5.47%/yr for SSBRX. With a 0.95 correlation, they move nearly in lockstep. PDIZX charges 0.45%/yr vs 0.13%/yr for SSBRX.

Performance

PDIZX vs. SSBRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Putnam Retirement Advantage 2030 Fund (PDIZX) 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, PDIZX achieves a 4.70% return, which is significantly lower than SSBRX's 6.26% return.

PDIZX

• 1D: 0.53%
• 1M: 1.07%
• YTD: 4.70%
• 6M: 4.65%
• 1Y: 13.50%
• 3Y*: 12.05%
• 5Y*: 6.34%
• 10Y*: —

SSBRX

• 1D: 0.45%
• 1M: 0.52%
• YTD: 6.26%
• 6M: 6.19%
• 1Y: 14.67%
• 3Y*: 11.18%
• 5Y*: 5.47%
• 10Y*: 7.93%

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

PDIZX vs. SSBRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PDIZX Putnam Retirement Advantage 2030 Fund	4.70%	11.93%	8.54%	18.82%	-14.27%	12.07%	11.36%
SSBRX State Street Target Retirement 2025 Fund	6.26%	12.93%	8.73%	13.61%	-15.51%	10.03%	14.68%

Correlation

The correlation between PDIZX and SSBRX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020	0.95

The correlation between PDIZX and SSBRX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

PDIZX vs. SSBRX — Risk / Return Rank

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

PDIZX

PDIZX Risk / Return Rank: 80
PDIZX Sharpe Ratio Rank: 78
PDIZX Sortino Ratio Rank: 79
PDIZX Omega Ratio Rank: 76
PDIZX Calmar Ratio Rank: 79
PDIZX Martin Ratio Rank: 86

SSBRX

SSBRX Risk / Return Rank: 82
SSBRX Sharpe Ratio Rank: 84
SSBRX Sortino Ratio Rank: 82
SSBRX Omega Ratio Rank: 82
SSBRX Calmar Ratio Rank: 77
SSBRX Martin Ratio Rank: 85

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.

PDIZX vs. SSBRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Putnam Retirement Advantage 2030 Fund (PDIZX) 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.

	PDIZX	SSBRX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.51	-0.14
Sortino ratio: Return per unit of downside risk	3.45	3.57	-0.12
Omega ratio: Gain probability vs. loss probability	1.45	1.49	-0.04
Calmar ratio: Return relative to maximum drawdown	3.39	3.30	+0.09
Martin ratio: Return relative to average drawdown	15.06	14.67	+0.38

PDIZX vs. SSBRX - Sharpe Ratio Comparison

The current PDIZX Sharpe Ratio is 2.37, which is comparable to the SSBRX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of PDIZX 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

PDIZX vs. SSBRX - Drawdown Comparison

The maximum PDIZX drawdown since its inception was -21.03%, roughly equal to the maximum SSBRX drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for PDIZX and SSBRX.

Drawdown Indicators

	PDIZX	SSBRX	Difference
Max Drawdown Largest peak-to-trough decline	-21.03%	-21.96%	+0.93%
Max Drawdown (1Y) Largest decline over 1 year	-3.96%	-4.44%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-7.31%	-7.48%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	-21.13%	+2.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.96%	—
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-4.31%	-3.71%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	1.00%	-0.11%

Volatility

PDIZX vs. SSBRX - Volatility Comparison

The current volatility for Putnam Retirement Advantage 2030 Fund (PDIZX) is 2.25%, while State Street Target Retirement 2025 Fund (SSBRX) has a volatility of 2.38%. This indicates that PDIZX experiences smaller price fluctuations and is considered to be less risky than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDIZX	SSBRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	2.38%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	4.63%	4.80%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	5.68%	5.83%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.66%	8.87%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.45%	9.83%	+0.62%

PDIZX vs. SSBRX - Expense Ratio Comparison

PDIZX has a 0.45% expense ratio, which is higher than SSBRX's 0.13% expense ratio.

Dividends

PDIZX vs. SSBRX - Dividend Comparison

PDIZX's dividend yield for the trailing twelve months is around 7.29%, more than SSBRX's 5.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDIZX Putnam Retirement Advantage 2030 Fund	7.29%	7.63%	4.91%	3.15%	7.76%	12.48%	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%
SSBRX State Street Target Retirement 2025 Fund	5.71%	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 PDIZX and SSBRX in my portfolio?

With a correlation of 0.92, PDIZX and SSBRX 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, PDIZX or SSBRX?

SSBRX has higher volatility (2.38%) compared to PDIZX (2.25%). In terms of maximum drawdown, PDIZX dropped -21.03% vs SSBRX's -21.96%.

Which has better risk-adjusted returns?

SSBRX currently has the higher Sharpe Ratio (2.51 vs 2.37), 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.