SSDDX vs. SSBWX

Last updated Jun 4, 2026

SSDDX (State Street Target Retirement 2045 Fund) and SSBWX (State Street Target Retirement 2030 Fund) are both Target Retirement Date funds from State Street. Over the past 10 years, SSDDX returned 10.81%/yr vs 9.01%/yr for SSBWX. With a 0.99 correlation, they move nearly in lockstep. SSDDX charges 0.18%/yr vs 0.15%/yr for SSBWX.

Performance

SSDDX vs. SSBWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Target Retirement 2045 Fund (SSDDX) and State Street Target Retirement 2030 Fund (SSBWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSDDX achieves a 10.91% return, which is significantly higher than SSBWX's 7.96% return. Over the past 10 years, SSDDX has outperformed SSBWX with an annualized return of 10.81%, while SSBWX has yielded a comparatively lower 9.01% annualized return.

SSDDX

• 1D: 0.38%
• 1M: 4.60%
• YTD: 10.91%
• 6M: 11.59%
• 1Y: 25.60%
• 3Y*: 17.47%
• 5Y*: 8.28%
• 10Y*: 10.81%

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%

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

SSDDX vs. SSBWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSDDX State Street Target Retirement 2045 Fund	10.91%	19.92%	11.80%	18.48%	-18.97%	13.08%	19.28%	25.41%	-7.95%	19.14%
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%

Correlation

The correlation between SSDDX and SSBWX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.99

The correlation between SSDDX and SSBWX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

SSDDX vs. SSBWX — Risk / Return Rank

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

SSDDX

SSDDX Risk / Return Rank: 71
SSDDX Sharpe Ratio Rank: 76
SSDDX Sortino Ratio Rank: 72
SSDDX Omega Ratio Rank: 74
SSDDX Calmar Ratio Rank: 65
SSDDX Martin Ratio Rank: 69

SSBWX

SSBWX Risk / Return Rank: 75
SSBWX Sharpe Ratio Rank: 80
SSBWX Sortino Ratio Rank: 79
SSBWX Omega Ratio Rank: 79
SSBWX Calmar Ratio Rank: 65
SSBWX Martin Ratio Rank: 73

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.

SSDDX vs. SSBWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2045 Fund (SSDDX) and State Street Target Retirement 2030 Fund (SSBWX). 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.

	SSDDX	SSBWX	Difference
Sharpe ratio Return per unit of total volatility	2.52	2.61	-0.09
Sortino ratio Return per unit of downside risk	3.54	3.74	-0.20
Omega ratio Gain probability vs. loss probability	1.49	1.52	-0.03
Calmar ratio Return relative to maximum drawdown	3.12	3.13	-0.01
Martin ratio Return relative to average drawdown	13.30	13.90	-0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSDDX vs. SSBWX - Sharpe Ratio Comparison

The current SSDDX Sharpe Ratio is 2.52, which is comparable to the SSBWX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of SSDDX and SSBWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SSDDX	SSBWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.61	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.62	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.80	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.73	-0.04

Drawdowns

SSDDX vs. SSBWX - Drawdown Comparison

The maximum SSDDX drawdown since its inception was -29.22%, which is greater than SSBWX's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for SSDDX and SSBWX.

Drawdown Indicators

	SSDDX	SSBWX	Difference
Max Drawdown Largest peak-to-trough decline	-29.22%	-23.73%	-5.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-6.20%	-2.15%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-9.73%	-3.96%
Max Drawdown (5Y) Largest decline over 5 years	-26.80%	-23.73%	-3.07%
Max Drawdown (10Y) Largest decline over 10 years	-29.22%	-23.73%	-5.49%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.94%	-4.17%	-0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.39%	+0.56%

Volatility

SSDDX vs. SSBWX - Volatility Comparison

State Street Target Retirement 2045 Fund (SSDDX) has a higher volatility of 3.22% compared to State Street Target Retirement 2030 Fund (SSBWX) at 2.33%. This indicates that SSDDX's price experiences larger fluctuations and is considered to be riskier than SSBWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSDDX	SSBWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	2.33%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	5.97%	+2.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.33%	7.42%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.42%	10.65%	+2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.26%	11.33%	+2.93%

SSDDX vs. SSBWX - Expense Ratio Comparison

SSDDX has a 0.18% expense ratio, which is higher than SSBWX's 0.15% 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

SSDDX vs. SSBWX - Dividend Comparison

SSDDX's dividend yield for the trailing twelve months is around 6.01%, less than SSBWX's 6.40% 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%
SSDDX State Street Target Retirement 2045 Fund	6.01%	6.67%	4.90%	3.56%	5.36%	4.88%	4.04%	6.21%	5.00%	0.43%	1.72%	1.87%

Frequently Asked Questions

Can I hold both SSDDX and SSBWX in my portfolio?

With a correlation of 0.99, SSDDX and SSBWX 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, SSDDX or SSBWX?

SSDDX has higher volatility (3.22%) compared to SSBWX (2.33%). In terms of maximum drawdown, SSDDX dropped -29.22% vs SSBWX's -23.73%.

Which has better risk-adjusted returns?

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.