SSBWX vs. SSHQX
SSBWX (State Street Target Retirement 2030 Fund) and SSHQX (State Street Hedged International Developed Equity Index Fund) are both mutual funds - SSBWX is a Target Retirement Date fund managed by State Street, while SSHQX is a Foreign Large Cap Equities fund managed by State Street. Over the past 10 years, SSBWX returned 9.01%/yr vs -10.86%/yr for SSHQX. A 0.78 correlation means they provide meaningful diversification when combined. SSBWX charges 0.15%/yr vs 0.20%/yr for SSHQX.
Performance
SSBWX vs. SSHQX - Performance Comparison
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Returns By Period
In the year-to-date period, SSBWX achieves a 7.96% return, which is significantly lower than SSHQX's 10.20% return. Over the past 10 years, SSBWX has outperformed SSHQX with an annualized return of 9.01%, while SSHQX has yielded a comparatively lower -10.86% annualized return.
SSBWX
- 1D
- 0.27%
- 1M
- 3.08%
- YTD
- 7.96%
- 6M
- 8.30%
- 1Y
- 19.22%
- 3Y*
- 13.97%
- 5Y*
- 6.52%
- 10Y*
- 9.01%
SSHQX
- 1D
- 0.43%
- 1M
- 4.39%
- YTD
- 10.20%
- 6M
- 12.92%
- 1Y
- 24.83%
- 3Y*
- 18.08%
- 5Y*
- 13.32%
- 10Y*
- -10.86%
SSBWX vs. SSHQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSBWX State Street Target Retirement 2030 Fund | 7.96% | 15.92% | 9.76% | 15.66% | -17.17% | 10.75% | 17.27% | 22.52% | -6.23% | 16.05% |
SSHQX State Street Hedged International Developed Equity Index Fund | 10.20% | 23.42% | 13.71% | 19.74% | -4.73% | 19.32% | -89.75% | 24.83% | -9.27% | 16.85% |
Correlation
The correlation between SSBWX and SSHQX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.78 |
The correlation between SSBWX and SSHQX has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
SSBWX vs. SSHQX — Risk / Return Rank
SSBWX
SSHQX
SSBWX vs. SSHQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2030 Fund (SSBWX) and State Street Hedged International Developed Equity Index Fund (SSHQX). 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.
| SSBWX | SSHQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.41 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.56 | +0.57 |
| Martin ratioReturn relative to average drawdown | 13.90 | 10.66 | +3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSBWX | SSHQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 2.09 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 1.00 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | -0.34 | +1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | -0.34 | +1.06 |
Drawdowns
SSBWX vs. SSHQX - Drawdown Comparison
The maximum SSBWX drawdown since its inception was -23.73%, smaller than the maximum SSHQX drawdown of -92.12%. Use the drawdown chart below to compare losses from any high point for SSBWX and SSHQX.
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Drawdown Indicators
| SSBWX | SSHQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -92.12% | +68.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -9.69% | +3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -9.73% | -13.99% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -14.79% | -8.94% |
Max Drawdown (10Y)Largest decline over 10 years | -23.73% | -92.12% | +68.39% |
Current DrawdownCurrent decline from peak | 0.00% | -78.98% | +78.98% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -52.29% | +48.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.32% | -0.93% |
Volatility
SSBWX vs. SSHQX - Volatility Comparison
The current volatility for State Street Target Retirement 2030 Fund (SSBWX) is 2.33%, while State Street Hedged International Developed Equity Index Fund (SSHQX) has a volatility of 3.49%. This indicates that SSBWX experiences smaller price fluctuations and is considered to be less risky than SSHQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSBWX | SSHQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 3.49% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 9.73% | -3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 11.84% | -4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 13.42% | -2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.33% | 32.24% | -20.91% |
SSBWX vs. SSHQX - Expense Ratio Comparison
SSBWX has a 0.15% expense ratio, which is lower than SSHQX's 0.20% expense ratio. Despite the difference, 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. SSHQX - Dividend Comparison
SSBWX's dividend yield for the trailing twelve months is around 6.40%, more than SSHQX's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSBWX State Street Target Retirement 2030 Fund | 6.40% | 6.91% | 6.16% | 4.11% | 5.78% | 6.18% | 4.92% | 6.65% | 5.24% | 0.46% | 1.75% | 2.11% |
SSHQX State Street Hedged International Developed Equity Index Fund | 3.27% | 3.60% | 3.11% | 3.77% | 22.27% | 2.93% | 2.03% | 5.14% | 7.33% | 3.12% | 4.30% | 0.00% |
Frequently Asked Questions
SSBWX and SSHQX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSHQX has higher volatility (3.49%) compared to SSBWX (2.33%). In terms of maximum drawdown, SSBWX dropped -23.73% vs SSHQX's -92.12%.
SSBWX currently has the higher Sharpe Ratio (2.61 vs 2.09), 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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