SSBWX vs. VBIAX
SSBWX (State Street Target Retirement 2030 Fund) and VBIAX (Vanguard Balanced Index Fund Admiral Shares) are both mutual funds - SSBWX is a Target Retirement Date fund managed by State Street, while VBIAX is a Diversified Portfolio fund tracking the 60% CRSP US Total Market Index / 40% Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, SSBWX returned 9.01%/yr vs 9.83%/yr for VBIAX. Their correlation of 0.94 suggests significant overlap in exposure. SSBWX charges 0.15%/yr vs 0.07%/yr for VBIAX.
Performance
SSBWX vs. VBIAX - Performance Comparison
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Returns By Period
In the year-to-date period, SSBWX achieves a 7.96% return, which is significantly higher than VBIAX's 7.35% return. Over the past 10 years, SSBWX has underperformed VBIAX with an annualized return of 9.01%, while VBIAX has yielded a comparatively higher 9.83% 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%
VBIAX
- 1D
- 0.15%
- 1M
- 3.71%
- YTD
- 7.35%
- 6M
- 7.26%
- 1Y
- 19.35%
- 3Y*
- 15.04%
- 5Y*
- 8.01%
- 10Y*
- 9.83%
SSBWX vs. VBIAX - 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% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | 7.35% | 13.61% | 14.58% | 17.54% | -16.90% | 14.21% | 16.40% | 21.78% | -2.86% | 13.89% |
Correlation
The correlation between SSBWX and VBIAX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.94 |
The correlation between SSBWX and VBIAX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
SSBWX vs. VBIAX — Risk / Return Rank
SSBWX
VBIAX
SSBWX vs. VBIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2030 Fund (SSBWX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX). 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 | VBIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.47 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.42 | -0.29 |
| Martin ratioReturn relative to average drawdown | 13.90 | 15.60 | -1.71 |
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 | VBIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 2.52 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.73 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.88 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.64 | +0.09 |
Drawdowns
SSBWX vs. VBIAX - Drawdown Comparison
The maximum SSBWX drawdown since its inception was -23.73%, smaller than the maximum VBIAX drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for SSBWX and VBIAX.
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Drawdown Indicators
| SSBWX | VBIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -35.90% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -5.83% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -9.73% | -11.70% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -21.53% | -2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -23.73% | -22.78% | -0.95% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -4.44% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.27% | +0.12% |
Volatility
SSBWX vs. VBIAX - Volatility Comparison
State Street Target Retirement 2030 Fund (SSBWX) and Vanguard Balanced Index Fund Admiral Shares (VBIAX) have volatilities of 2.33% and 2.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSBWX | VBIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.26% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 6.11% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 7.90% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 11.05% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.33% | 11.21% | +0.12% |
SSBWX vs. VBIAX - Expense Ratio Comparison
SSBWX has a 0.15% expense ratio, which is higher than VBIAX's 0.07% 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. VBIAX - Dividend Comparison
SSBWX's dividend yield for the trailing twelve months is around 6.40%, more than VBIAX's 5.21% 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% |
VBIAX Vanguard Balanced Index Fund Admiral Shares | 5.21% | 6.00% | 5.27% | 4.35% | 2.83% | 3.19% | 2.65% | 2.28% | 2.32% | 1.95% | 2.09% | 2.09% |
Frequently Asked Questions
With a correlation of 0.94, SSBWX and VBIAX 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.
SSBWX has higher volatility (2.33%) compared to VBIAX (2.26%). In terms of maximum drawdown, SSBWX dropped -23.73% vs VBIAX's -35.90%.
SSBWX currently has the higher Sharpe Ratio (2.61 vs 2.52), 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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