SSBRX vs. FIKFX
SSBRX (State Street Target Retirement 2025 Fund) and FIKFX (Fidelity Freedom Index Retirement Fund Investor Class) are both Target Retirement Date funds. Over the past 10 years, SSBRX returned 7.55%/yr vs 4.02%/yr for FIKFX. Their correlation of 0.82 means they have usually moved in the same direction. SSBRX charges 0.13%/yr vs 0.12%/yr for FIKFX.
Performance
SSBRX vs. FIKFX - Performance Comparison
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Returns By Period
In the year-to-date period, SSBRX achieves a 6.02% return, which is significantly higher than FIKFX's 3.28% return. Over the past 10 years, SSBRX has outperformed FIKFX with an annualized return of 7.55%, while FIKFX has yielded a comparatively lower 4.02% annualized return.
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%
FIKFX
- 1D
- 0.56%
- 1M
- -0.35%
- 6M
- 2.29%
- YTD
- 3.28%
- 1Y
- 7.10%
- 3Y*
- 6.88%
- 5Y*
- 2.72%
- 10Y*
- 4.02%
- ALL TIME*
- 3.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SSBRX vs. FIKFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSBRX State Street Target Retirement 2025 Fund | 6.02% | 12.93% | 8.73% | 13.61% | -15.51% | 10.03% | 14.68% | 20.73% | -5.47% | 14.32% |
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 3.28% | 9.23% | 4.96% | 8.28% | -11.09% | 2.79% | 8.54% | 10.59% | -0.76% | 6.66% |
Correlation
The correlation between SSBRX and FIKFX 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. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.82 |
The correlation between SSBRX and FIKFX shifts across timeframes, from 0.81 (10 years) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SSBRX vs. FIKFX — Risk / Return Rank
SSBRX
FIKFX
SSBRX vs. FIKFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2025 Fund (SSBRX) and Fidelity Freedom Index Retirement Fund Investor Class (FIKFX). 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.
| SSBRX | FIKFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.20 | +0.43 |
| Martin ratioReturn relative to average drawdown | 11.41 | 9.13 | +2.28 |
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Drawdowns
SSBRX vs. FIKFX - Drawdown Comparison
The maximum SSBRX drawdown since its inception was -21.96%, which is greater than FIKFX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for SSBRX and FIKFX.
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Drawdown Indicators
| SSBRX | FIKFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -15.03% | -6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -3.32% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.36% | -3.82% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -15.03% | -6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -21.96% | -15.03% | -6.93% |
Current DrawdownCurrent decline from peak | -0.67% | -0.87% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -1.71% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.80% | +0.22% |
Volatility
SSBRX vs. FIKFX - Volatility Comparison
State Street Target Retirement 2025 Fund (SSBRX) has a higher volatility of 1.49% compared to Fidelity Freedom Index Retirement Fund Investor Class (FIKFX) at 1.38%. This indicates that SSBRX's price experiences larger fluctuations and is considered to be riskier than FIKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSBRX | FIKFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.38% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.88% | 3.85% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 4.44% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.86% | 5.21% | +3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.75% | 4.48% | +5.27% |
SSBRX vs. FIKFX - Expense Ratio Comparison
SSBRX has a 0.13% expense ratio, which is higher than FIKFX's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SSBRX vs. FIKFX - Dividend Comparison
SSBRX's dividend yield for the trailing twelve months is around 5.72%, more than FIKFX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKFX Fidelity Freedom Index Retirement Fund Investor Class | 2.88% | 3.40% | 3.13% | 2.85% | 3.06% | 2.04% | 2.18% | 7.27% | 2.94% | 1.89% | 1.65% | 1.39% |
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
With a correlation of 0.91, SSBRX and FIKFX 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.
SSBRX has higher volatility (1.49%) compared to FIKFX (1.38%). In terms of maximum drawdown, SSBRX dropped -21.96% vs FIKFX's -15.03%.
SSBRX currently has the higher Sharpe Ratio (1.97 vs 1.65), 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.
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