Correlation
The correlation between SSBWX and SPLG is 0.91, 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.
SSBWX vs. SPLG
Compare and contrast key facts about State Street Target Retirement 2030 Fund (SSBWX) and SPDR Portfolio S&P 500 ETF (SPLG).
SSBWX is managed by State Street Global Advisors. It was launched on Sep 29, 2014. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSBWX or SPLG.
Performance
SSBWX vs. SPLG - Performance Comparison
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Key characteristics
SSBWX:
0.66
SPLG:
0.73
SSBWX:
0.86
SPLG:
1.04
SSBWX:
1.13
SPLG:
1.15
SSBWX:
0.49
SPLG:
0.68
SSBWX:
1.80
SPLG:
2.58
SSBWX:
3.62%
SPLG:
4.93%
SSBWX:
11.22%
SPLG:
19.61%
SSBWX:
-26.86%
SPLG:
-54.52%
SSBWX:
-3.33%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, SSBWX achieves a 4.59% return, which is significantly higher than SPLG's 0.89% return. Over the past 10 years, SSBWX has underperformed SPLG with an annualized return of 4.75%, while SPLG has yielded a comparatively higher 12.72% annualized return.
SSBWX
4.59%
3.14%
-1.32%
6.67%
4.83%
4.77%
4.75%
SPLG
0.89%
5.54%
-1.55%
13.29%
14.31%
15.91%
12.72%
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SSBWX vs. SPLG - Expense Ratio Comparison
SSBWX has a 0.15% expense ratio, which is higher than SPLG's 0.03% 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%.
Risk-Adjusted Performance
SSBWX vs. SPLG — Risk-Adjusted Performance Rank
SSBWX
SPLG
SSBWX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2030 Fund (SSBWX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
SSBWX vs. SPLG - Dividend Comparison
SSBWX's dividend yield for the trailing twelve months is around 5.90%, more than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSBWX State Street Target Retirement 2030 Fund | 5.90% | 6.17% | 4.11% | 5.79% | 6.18% | 4.93% | 6.66% | 5.24% | 2.37% | 1.76% | 2.11% | 0.68% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
SSBWX vs. SPLG - Drawdown Comparison
The maximum SSBWX drawdown since its inception was -26.86%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for SSBWX and SPLG.
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Volatility
SSBWX vs. SPLG - Volatility Comparison
The current volatility for State Street Target Retirement 2030 Fund (SSBWX) is 2.35%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.80%. This indicates that SSBWX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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