SSBWX vs. FITLX

Last updated Jun 24, 2026

SSBWX (State Street Target Retirement 2030 Fund) and FITLX (Fidelity U.S. Sustainability Index Fund) are both mutual funds - SSBWX is a Target Retirement Date fund managed by State Street, while FITLX is a Large Cap Blend Equities fund tracking the MSCI USA ESG Leaders Index. Over the past 5 years, SSBWX returned 6.29%/yr vs 13.51%/yr for FITLX. Their correlation of 0.90 suggests significant overlap in exposure. SSBWX charges 0.15%/yr vs 0.11%/yr for FITLX.

Performance

SSBWX vs. FITLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Target Retirement 2030 Fund (SSBWX) and Fidelity U.S. Sustainability Index Fund (FITLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSBWX achieves a 7.46% return, which is significantly lower than FITLX's 8.80% return.

SSBWX

• 1D: -0.13%
• 1M: 0.94%
• YTD: 7.46%
• 6M: 7.01%
• 1Y: 17.70%
• 3Y*: 13.60%
• 5Y*: 6.29%
• 10Y*: 9.24%

FITLX

• 1D: -0.54%
• 1M: -0.09%
• YTD: 8.80%
• 6M: 7.56%
• 1Y: 26.05%
• 3Y*: 21.42%
• 5Y*: 13.51%
• 10Y*: —

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

SSBWX vs. FITLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSBWX State Street Target Retirement 2030 Fund	7.46%	15.92%	9.76%	15.66%	-17.17%	10.75%	17.27%	22.52%	-6.23%	8.42%
FITLX Fidelity U.S. Sustainability Index Fund	8.80%	18.77%	23.59%	29.04%	-20.28%	31.55%	18.69%	31.54%	-3.32%	13.07%

Correlation

The correlation between SSBWX and FITLX is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 9, 2017	0.90

The correlation between SSBWX and FITLX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

SSBWX vs. FITLX — Risk / Return Rank

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

SSBWX

SSBWX Risk / Return Rank: 73
SSBWX Sharpe Ratio Rank: 75
SSBWX Sortino Ratio Rank: 74
SSBWX Omega Ratio Rank: 77
SSBWX Calmar Ratio Rank: 64
SSBWX Martin Ratio Rank: 72

FITLX

FITLX Risk / Return Rank: 53
FITLX Sharpe Ratio Rank: 58
FITLX Sortino Ratio Rank: 54
FITLX Omega Ratio Rank: 54
FITLX Calmar Ratio Rank: 46
FITLX Martin Ratio Rank: 56

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.

SSBWX vs. FITLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2030 Fund (SSBWX) and Fidelity U.S. Sustainability Index Fund (FITLX). 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.

	SSBWX	FITLX	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.07	+0.25
Sortino ratio: Return per unit of downside risk	3.28	2.84	+0.44
Omega ratio: Gain probability vs. loss probability	1.46	1.37	+0.09
Calmar ratio: Return relative to maximum drawdown	2.95	2.48	+0.48
Martin ratio: Return relative to average drawdown	12.85	10.60	+2.26

SSBWX vs. FITLX - Sharpe Ratio Comparison

The current SSBWX Sharpe Ratio is 2.32, which is comparable to the FITLX Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of SSBWX and FITLX, 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

SSBWX vs. FITLX - Drawdown Comparison

The maximum SSBWX drawdown since its inception was -23.73%, smaller than the maximum FITLX drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for SSBWX and FITLX.

Drawdown Indicators

	SSBWX	FITLX	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-34.35%	+10.62%
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	-11.15%	+4.95%
Max Drawdown (3Y) Largest decline over 3 years	-9.73%	-19.99%	+10.26%
Max Drawdown (5Y) Largest decline over 5 years	-23.73%	-26.91%	+3.18%
Max Drawdown (10Y) Largest decline over 10 years	-23.73%	—	—
Current Drawdown Current decline from peak	-0.46%	-1.95%	+1.49%
Average Drawdown Average peak-to-trough decline	-4.15%	-5.05%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	2.60%	-1.18%

Volatility

SSBWX vs. FITLX - Volatility Comparison

The current volatility for State Street Target Retirement 2030 Fund (SSBWX) is 3.12%, while Fidelity U.S. Sustainability Index Fund (FITLX) has a volatility of 5.00%. This indicates that SSBWX experiences smaller price fluctuations and is considered to be less risky than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSBWX	FITLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	5.00%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	6.54%	10.67%	-4.13%
Volatility (1Y) Calculated over the trailing 1-year period	7.90%	13.38%	-5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.71%	17.68%	-6.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.35%	19.11%	-7.76%

SSBWX vs. FITLX - Expense Ratio Comparison

SSBWX has a 0.15% expense ratio, which is higher than FITLX's 0.11% 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

SSBWX vs. FITLX - Dividend Comparison

SSBWX's dividend yield for the trailing twelve months is around 6.43%, more than FITLX's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FITLX Fidelity U.S. Sustainability Index Fund	1.02%	1.11%	1.29%	1.12%	1.49%	0.99%	1.01%	1.41%	1.58%	0.76%	0.00%	0.00%
SSBWX State Street Target Retirement 2030 Fund	6.43%	6.91%	6.16%	4.11%	5.78%	6.18%	4.92%	6.65%	5.24%	0.46%	1.75%	2.11%

Frequently Asked Questions

Can I hold both SSBWX and FITLX in my portfolio?

SSBWX and FITLX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSBWX or FITLX?

FITLX has higher volatility (5.00%) compared to SSBWX (3.12%). In terms of maximum drawdown, SSBWX dropped -23.73% vs FITLX's -34.35%.

Which has better risk-adjusted returns?

SSBWX currently has the higher Sharpe Ratio (2.32 vs 2.07), 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.