SSBRX vs. PTDIX

Last updated Jun 24, 2026

SSBRX (State Street Target Retirement 2025 Fund) and PTDIX (Principal LifeTime 2040 Fund) are both Target Retirement Date funds. Over the past 10 years, SSBRX returned 8.12%/yr vs 10.85%/yr for PTDIX. Their correlation of 0.95 suggests significant overlap in exposure. SSBRX charges 0.13%/yr vs 0.01%/yr for PTDIX.

Performance

SSBRX vs. PTDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Target Retirement 2025 Fund (SSBRX) and Principal LifeTime 2040 Fund (PTDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSBRX achieves a 6.10% return, which is significantly lower than PTDIX's 6.96% return. Over the past 10 years, SSBRX has underperformed PTDIX with an annualized return of 8.12%, while PTDIX has yielded a comparatively higher 10.85% annualized return.

SSBRX

• 1D: -0.15%
• 1M: 0.37%
• YTD: 6.10%
• 6M: 5.80%
• 1Y: 14.13%
• 3Y*: 11.65%
• 5Y*: 5.25%
• 10Y*: 8.12%

PTDIX

• 1D: -0.34%
• 1M: 1.19%
• YTD: 6.96%
• 6M: 6.54%
• 1Y: 17.41%
• 3Y*: 16.53%
• 5Y*: 8.04%
• 10Y*: 10.85%

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

SSBRX vs. PTDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSBRX State Street Target Retirement 2025 Fund	6.10%	12.93%	8.73%	13.61%	-15.51%	10.03%	14.68%	20.73%	-5.47%	14.32%
PTDIX Principal LifeTime 2040 Fund	6.96%	15.59%	17.43%	18.33%	-18.13%	15.35%	16.04%	24.91%	-7.95%	20.69%

Correlation

The correlation between SSBRX and PTDIX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.95

The correlation between SSBRX and PTDIX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

SSBRX vs. PTDIX — Risk / Return Rank

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

SSBRX

SSBRX Risk / Return Rank: 81
SSBRX Sharpe Ratio Rank: 83
SSBRX Sortino Ratio Rank: 81
SSBRX Omega Ratio Rank: 81
SSBRX Calmar Ratio Rank: 76
SSBRX Martin Ratio Rank: 84

PTDIX

PTDIX Risk / Return Rank: 46
PTDIX Sharpe Ratio Rank: 43
PTDIX Sortino Ratio Rank: 41
PTDIX Omega Ratio Rank: 43
PTDIX Calmar Ratio Rank: 47
PTDIX Martin Ratio Rank: 58

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.

SSBRX vs. PTDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2025 Fund (SSBRX) and Principal LifeTime 2040 Fund (PTDIX). 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	PTDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.77	+0.73
Sortino ratio: Return per unit of downside risk	3.55	2.50	+1.05
Omega ratio: Gain probability vs. loss probability	1.49	1.33	+0.16
Calmar ratio: Return relative to maximum drawdown	3.28	2.51	+0.78
Martin ratio: Return relative to average drawdown	14.59	10.92	+3.67

SSBRX vs. PTDIX - Sharpe Ratio Comparison

The current SSBRX Sharpe Ratio is 2.50, which is higher than the PTDIX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of SSBRX and PTDIX, 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

SSBRX vs. PTDIX - Drawdown Comparison

The maximum SSBRX drawdown since its inception was -21.96%, smaller than the maximum PTDIX drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for SSBRX and PTDIX.

Drawdown Indicators

	SSBRX	PTDIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.96%	-54.38%	+32.42%
Max Drawdown (1Y) Largest decline over 1 year	-4.44%	-7.32%	+2.88%
Max Drawdown (3Y) Largest decline over 3 years	-7.48%	-13.05%	+5.57%
Max Drawdown (5Y) Largest decline over 5 years	-21.13%	-25.43%	+4.30%
Max Drawdown (10Y) Largest decline over 10 years	-21.96%	-30.02%	+8.06%
Current Drawdown Current decline from peak	-0.59%	-0.78%	+0.19%
Average Drawdown Average peak-to-trough decline	-3.71%	-7.48%	+3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	1.68%	-0.68%

Volatility

SSBRX vs. PTDIX - Volatility Comparison

The current volatility for State Street Target Retirement 2025 Fund (SSBRX) is 2.30%, while Principal LifeTime 2040 Fund (PTDIX) has a volatility of 3.96%. This indicates that SSBRX experiences smaller price fluctuations and is considered to be less risky than PTDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSBRX	PTDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	3.96%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	4.79%	8.55%	-3.76%
Volatility (1Y) Calculated over the trailing 1-year period	5.84%	10.39%	-4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.87%	13.58%	-4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.83%	13.86%	-4.03%

SSBRX vs. PTDIX - Expense Ratio Comparison

SSBRX has a 0.13% expense ratio, which is higher than PTDIX's 0.01% 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. PTDIX - Dividend Comparison

SSBRX's dividend yield for the trailing twelve months is around 5.72%, less than PTDIX's 9.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTDIX Principal LifeTime 2040 Fund	9.16%	9.80%	12.28%	4.40%	8.61%	8.92%	6.01%	7.26%	9.28%	6.07%	4.86%	6.73%
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 SSBRX and PTDIX in my portfolio?

With a correlation of 0.91, SSBRX and PTDIX 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, SSBRX or PTDIX?

PTDIX has higher volatility (3.96%) compared to SSBRX (2.30%). In terms of maximum drawdown, SSBRX dropped -21.96% vs PTDIX's -54.38%.

Which has better risk-adjusted returns?

SSBRX currently has the higher Sharpe Ratio (2.50 vs 1.77), 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.