SSDJX vs. VTIVX

Last updated Jun 4, 2026

SSDJX (State Street Target Retirement 2050 Fund) and VTIVX (Vanguard Target Retirement 2045 Fund) are both Target Retirement Date funds. Over the past 10 years, SSDJX returned 11.08%/yr vs 11.35%/yr for VTIVX. With a 0.98 correlation, they move nearly in lockstep. SSDJX charges 0.21%/yr vs 0.08%/yr for VTIVX.

Performance

SSDJX vs. VTIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Target Retirement 2050 Fund (SSDJX) and Vanguard Target Retirement 2045 Fund (VTIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SSDJX having a 11.65% return and VTIVX slightly lower at 11.08%. Both investments have delivered pretty close results over the past 10 years, with SSDJX having a 11.08% annualized return and VTIVX not far ahead at 11.35%.

SSDJX

• 1D: 0.48%
• 1M: 4.83%
• YTD: 11.65%
• 6M: 12.37%
• 1Y: 26.99%
• 3Y*: 18.32%
• 5Y*: 8.64%
• 10Y*: 11.08%

VTIVX

• 1D: 0.31%
• 1M: 4.78%
• YTD: 11.08%
• 6M: 11.92%
• 1Y: 26.04%
• 3Y*: 18.49%
• 5Y*: 9.63%
• 10Y*: 11.35%

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

SSDJX vs. VTIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSDJX State Street Target Retirement 2050 Fund	11.65%	20.71%	12.35%	19.18%	-19.24%	13.12%	19.69%	25.73%	-8.12%	18.90%
VTIVX Vanguard Target Retirement 2045 Fund	11.08%	20.01%	13.68%	19.72%	-17.38%	16.16%	16.31%	24.94%	-7.89%	19.16%

Correlation

The correlation between SSDJX and VTIVX is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.98

The correlation between SSDJX and VTIVX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

SSDJX vs. VTIVX — Risk / Return Rank

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

SSDJX

SSDJX Risk / Return Rank: 71
SSDJX Sharpe Ratio Rank: 75
SSDJX Sortino Ratio Rank: 71
SSDJX Omega Ratio Rank: 72
SSDJX Calmar Ratio Rank: 67
SSDJX Martin Ratio Rank: 69

VTIVX

VTIVX Risk / Return Rank: 71
VTIVX Sharpe Ratio Rank: 75
VTIVX Sortino Ratio Rank: 71
VTIVX Omega Ratio Rank: 68
VTIVX Calmar Ratio Rank: 68
VTIVX Martin Ratio Rank: 74

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.

SSDJX vs. VTIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2050 Fund (SSDJX) and Vanguard Target Retirement 2045 Fund (VTIVX). 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.

	SSDJX	VTIVX	Difference
Sharpe ratio Return per unit of total volatility	2.51	2.51	0.00
Sortino ratio Return per unit of downside risk	3.51	3.50	+0.01
Omega ratio Gain probability vs. loss probability	1.48	1.46	+0.02
Calmar ratio Return relative to maximum drawdown	3.14	3.18	-0.03
Martin ratio Return relative to average drawdown	13.40	14.06	-0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSDJX vs. VTIVX - Sharpe Ratio Comparison

The current SSDJX Sharpe Ratio is 2.51, which is comparable to the VTIVX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of SSDJX and VTIVX, 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

	SSDJX	VTIVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.51	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.72	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.77	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.55	+0.13

Drawdowns

SSDJX vs. VTIVX - Drawdown Comparison

The maximum SSDJX drawdown since its inception was -29.95%, smaller than the maximum VTIVX drawdown of -51.69%. Use the drawdown chart below to compare losses from any high point for SSDJX and VTIVX.

Drawdown Indicators

	SSDJX	VTIVX	Difference
Max Drawdown Largest peak-to-trough decline	-29.95%	-51.69%	+21.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-8.30%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-14.70%	-13.40%	-1.30%
Max Drawdown (5Y) Largest decline over 5 years	-27.45%	-25.10%	-2.35%
Max Drawdown (10Y) Largest decline over 10 years	-29.95%	-31.42%	+1.47%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.05%	-6.33%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.87%	+0.17%

Volatility

SSDJX vs. VTIVX - Volatility Comparison

State Street Target Retirement 2050 Fund (SSDJX) and Vanguard Target Retirement 2045 Fund (VTIVX) have volatilities of 3.33% and 3.18%, 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.

Volatility by Period

	SSDJX	VTIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	3.18%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	8.76%	8.37%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	10.92%	10.50%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.12%	13.49%	+0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	14.79%	-0.02%

SSDJX vs. VTIVX - Expense Ratio Comparison

SSDJX has a 0.21% expense ratio, which is higher than VTIVX's 0.08% 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

SSDJX vs. VTIVX - Dividend Comparison

SSDJX's dividend yield for the trailing twelve months is around 5.42%, more than VTIVX's 2.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSDJX State Street Target Retirement 2050 Fund	5.42%	6.05%	4.63%	3.13%	5.47%	4.87%	4.13%	6.79%	5.05%	0.45%	1.73%	1.86%
VTIVX Vanguard Target Retirement 2045 Fund	2.25%	2.50%	2.36%	2.27%	2.75%	15.40%	1.90%	2.23%	2.52%	0.04%	2.47%	3.29%

Frequently Asked Questions

Can I hold both SSDJX and VTIVX in my portfolio?

With a correlation of 0.96, SSDJX and VTIVX 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, SSDJX or VTIVX?

SSDJX has higher volatility (3.33%) compared to VTIVX (3.18%). In terms of maximum drawdown, SSDJX dropped -29.95% vs VTIVX's -51.69%.

Which has better risk-adjusted returns?

SSDJX currently has the higher Sharpe Ratio (2.51 vs 2.51), 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.