SSDDX vs. ^GSPC
Compare and contrast key facts about State Street Target Retirement 2045 Fund (SSDDX) and S&P 500 (^GSPC).
SSDDX is managed by State Street Global Advisors. It was launched on Sep 29, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSDDX or ^GSPC.
Correlation
The correlation between SSDDX and ^GSPC is 0.92, 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. ^GSPC - Performance Comparison
Key characteristics
SSDDX:
1.08
^GSPC:
1.62
SSDDX:
1.48
^GSPC:
2.20
SSDDX:
1.20
^GSPC:
1.30
SSDDX:
0.95
^GSPC:
2.46
SSDDX:
4.60
^GSPC:
10.01
SSDDX:
2.50%
^GSPC:
2.08%
SSDDX:
10.65%
^GSPC:
12.88%
SSDDX:
-29.88%
^GSPC:
-56.78%
SSDDX:
-3.33%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, SSDDX achieves a 3.53% return, which is significantly higher than ^GSPC's 2.24% return. Over the past 10 years, SSDDX has underperformed ^GSPC with an annualized return of 5.90%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
SSDDX
3.53%
0.73%
0.66%
10.17%
5.17%
5.90%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
SSDDX vs. ^GSPC — Risk-Adjusted Performance Rank
SSDDX
^GSPC
SSDDX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2045 Fund (SSDDX) and S&P 500 (^GSPC). 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.
Drawdowns
SSDDX vs. ^GSPC - Drawdown Comparison
The maximum SSDDX drawdown since its inception was -29.88%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SSDDX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SSDDX vs. ^GSPC - Volatility Comparison
The current volatility for State Street Target Retirement 2045 Fund (SSDDX) is 2.61%, while S&P 500 (^GSPC) has a volatility of 3.43%. This indicates that SSDDX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.