SSDDX vs. SSGVX
SSDDX (State Street Target Retirement 2045 Fund) and SSGVX (State Street Global All Cap Equity ex-U.S.Index Portfolio) are both mutual funds - SSDDX is a Target Retirement Date fund managed by State Street, while SSGVX is a Foreign Large Cap Equities fund managed by State Street. Over the past 10 years, SSDDX returned 10.81%/yr vs 38.32%/yr for SSGVX. Their correlation of 0.87 suggests significant overlap in exposure. SSDDX charges 0.18%/yr vs 0.05%/yr for SSGVX.
Performance
SSDDX vs. SSGVX - Performance Comparison
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Returns By Period
In the year-to-date period, SSDDX achieves a 10.91% return, which is significantly lower than SSGVX's 14.99% return. Over the past 10 years, SSDDX has underperformed SSGVX with an annualized return of 10.81%, while SSGVX has yielded a comparatively higher 38.32% 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%
SSGVX
- 1D
- 0.67%
- 1M
- 4.89%
- YTD
- 14.99%
- 6M
- 18.12%
- 1Y
- 32.80%
- 3Y*
- 19.72%
- 5Y*
- 8.69%
- 10Y*
- 38.32%
SSDDX vs. SSGVX - 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% |
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio | 14.99% | 32.69% | 5.01% | 15.71% | -16.42% | 8.42% | 1,010.40% | 21.71% | -14.01% | 27.18% |
Correlation
The correlation between SSDDX and SSGVX is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.87 |
The correlation between SSDDX and SSGVX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
SSDDX vs. SSGVX — Risk / Return Rank
SSDDX
SSGVX
SSDDX vs. SSGVX - 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 Global All Cap Equity ex-U.S.Index Portfolio (SSGVX). 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 | SSGVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.46 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.90 | +0.22 |
| Martin ratioReturn relative to average drawdown | 13.30 | 11.24 | +2.06 |
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
| SSDDX | SSGVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.40 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.59 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.14 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.12 | +0.57 |
Drawdowns
SSDDX vs. SSGVX - Drawdown Comparison
The maximum SSDDX drawdown since its inception was -29.22%, smaller than the maximum SSGVX drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for SSDDX and SSGVX.
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Drawdown Indicators
| SSDDX | SSGVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -35.79% | +6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -11.22% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.69% | -13.54% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.80% | -30.03% | +3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -29.22% | -35.79% | +6.57% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -7.75% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.88% | -0.93% |
Volatility
SSDDX vs. SSGVX - Volatility Comparison
The current volatility for State Street Target Retirement 2045 Fund (SSDDX) is 3.22%, while State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX) has a volatility of 4.55%. This indicates that SSDDX experiences smaller price fluctuations and is considered to be less risky than SSGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSDDX | SSGVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 4.55% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 11.38% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 13.55% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.42% | 14.80% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.26% | 282.29% | -268.03% |
SSDDX vs. SSGVX - Expense Ratio Comparison
SSDDX has a 0.18% expense ratio, which is higher than SSGVX's 0.05% 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. SSGVX - Dividend Comparison
SSDDX's dividend yield for the trailing twelve months is around 6.01%, more than SSGVX's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio | 2.89% | 3.33% | 3.09% | 2.96% | 2.35% | 2.58% | 1.66% | 2.96% | 3.02% | 2.77% | 1.56% | 2.16% |
Frequently Asked Questions
SSDDX and SSGVX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGVX has higher volatility (4.55%) compared to SSDDX (3.22%). In terms of maximum drawdown, SSDDX dropped -29.22% vs SSGVX's -35.79%.
SSDDX currently has the higher Sharpe Ratio (2.52 vs 2.40), 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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