SSDDX vs. VIGIX
Compare and contrast key facts about State Street Target Retirement 2045 Fund (SSDDX) and Vanguard Growth Index Fund Institutional Shares (VIGIX).
SSDDX is managed by State Street Global Advisors. It was launched on Sep 29, 2014. VIGIX is managed by Vanguard. It was launched on May 14, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSDDX or VIGIX.
Correlation
The correlation between SSDDX and VIGIX is 0.87, 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.
Performance
SSDDX vs. VIGIX - Performance Comparison
Key characteristics
SSDDX:
1.17
VIGIX:
1.58
SSDDX:
1.59
VIGIX:
2.11
SSDDX:
1.21
VIGIX:
1.29
SSDDX:
1.02
VIGIX:
2.18
SSDDX:
4.96
VIGIX:
8.27
SSDDX:
2.49%
VIGIX:
3.42%
SSDDX:
10.60%
VIGIX:
17.84%
SSDDX:
-29.88%
VIGIX:
-57.17%
SSDDX:
-2.38%
VIGIX:
-0.51%
Returns By Period
In the year-to-date period, SSDDX achieves a 4.54% return, which is significantly higher than VIGIX's 3.65% return. Over the past 10 years, SSDDX has underperformed VIGIX with an annualized return of 6.03%, while VIGIX has yielded a comparatively higher 15.66% annualized return.
SSDDX
4.54%
1.98%
2.77%
12.76%
5.38%
6.03%
VIGIX
3.65%
1.67%
14.18%
29.99%
17.43%
15.66%
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SSDDX vs. VIGIX - Expense Ratio Comparison
SSDDX has a 0.18% expense ratio, which is higher than VIGIX's 0.04% 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
SSDDX vs. VIGIX — Risk-Adjusted Performance Rank
SSDDX
VIGIX
SSDDX vs. VIGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2045 Fund (SSDDX) and Vanguard Growth Index Fund Institutional Shares (VIGIX). 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.
Dividends
SSDDX vs. VIGIX - Dividend Comparison
SSDDX's dividend yield for the trailing twelve months is around 2.30%, more than VIGIX's 0.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSDDX State Street Target Retirement 2045 Fund | 2.30% | 2.40% | 2.24% | 1.69% | 1.76% | 1.53% | 2.33% | 2.39% | 1.94% | 1.51% | 1.79% | 1.61% |
VIGIX Vanguard Growth Index Fund Institutional Shares | 0.45% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.15% | 1.40% | 1.31% | 1.22% |
Drawdowns
SSDDX vs. VIGIX - Drawdown Comparison
The maximum SSDDX drawdown since its inception was -29.88%, smaller than the maximum VIGIX drawdown of -57.17%. Use the drawdown chart below to compare losses from any high point for SSDDX and VIGIX. For additional features, visit the drawdowns tool.
Volatility
SSDDX vs. VIGIX - Volatility Comparison
The current volatility for State Street Target Retirement 2045 Fund (SSDDX) is 2.39%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 4.88%. This indicates that SSDDX experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.