SSDOX vs. FDEWX
SSDOX (State Street Target Retirement 2055 Fund) and FDEWX (Fidelity Freedom Index 2055 Fund Investor Class) are both Target Retirement Date funds. Over the past 10 years, SSDOX returned 10.60%/yr vs 11.40%/yr for FDEWX. Their 0.98 correlation means they have historically moved very closely together. SSDOX charges 0.21%/yr vs 0.12%/yr for FDEWX.
Performance
SSDOX vs. FDEWX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SSDOX having a 10.00% return and FDEWX slightly higher at 10.38%. Over the past 10 years, SSDOX has underperformed FDEWX with an annualized return of 10.60%, while FDEWX has yielded a comparatively higher 11.40% annualized return.
SSDOX
- 1D
- 1.99%
- 1M
- -0.97%
- 6M
- 6.57%
- YTD
- 10.00%
- 1Y
- 21.40%
- 3Y*
- 15.55%
- 5Y*
- 8.07%
- 10Y*
- 10.60%
- ALL TIME*
- 9.62%
FDEWX
- 1D
- 1.96%
- 1M
- -0.50%
- 6M
- 7.30%
- YTD
- 10.38%
- 1Y
- 21.95%
- 3Y*
- 16.47%
- 5Y*
- 9.31%
- 10Y*
- 11.40%
- ALL TIME*
- 9.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SSDOX vs. FDEWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSDOX State Street Target Retirement 2055 Fund | 10.00% | 21.02% | 12.37% | 19.35% | -19.27% | 13.32% | 19.62% | 25.62% | -7.91% | 19.22% |
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 10.38% | 21.39% | 14.14% | 19.95% | -18.01% | 15.88% | 16.46% | 25.94% | -7.19% | 20.53% |
Correlation
The correlation between SSDOX and FDEWX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.98 |
The correlation between SSDOX and FDEWX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
SSDOX vs. FDEWX — Risk / Return Rank
SSDOX
FDEWX
SSDOX vs. FDEWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2055 Fund (SSDOX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SSDOX | FDEWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.24 | -0.06 |
| Martin ratioReturn relative to average drawdown | 8.86 | 9.28 | -0.42 |
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Drawdowns
SSDOX vs. FDEWX - Drawdown Comparison
The maximum SSDOX drawdown since its inception was -29.85%, roughly equal to the maximum FDEWX drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for SSDOX and FDEWX.
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Drawdown Indicators
| SSDOX | FDEWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -30.69% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -9.07% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -14.74% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | -26.22% | -1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -29.85% | -30.69% | +0.84% |
Current DrawdownCurrent decline from peak | -1.86% | -1.99% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -4.20% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.19% | +0.01% |
Volatility
SSDOX vs. FDEWX - Volatility Comparison
State Street Target Retirement 2055 Fund (SSDOX) and Fidelity Freedom Index 2055 Fund Investor Class (FDEWX) have volatilities of 3.67% and 3.82%, 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.
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Volatility by Period
| SSDOX | FDEWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.82% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 10.92% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 12.92% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 14.59% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 15.18% | -0.37% |
SSDOX vs. FDEWX - Expense Ratio Comparison
SSDOX has a 0.21% expense ratio, which is higher than FDEWX's 0.12% 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
SSDOX vs. FDEWX - Dividend Comparison
SSDOX's dividend yield for the trailing twelve months is around 4.41%, more than FDEWX's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEWX Fidelity Freedom Index 2055 Fund Investor Class | 1.72% | 1.97% | 1.98% | 1.92% | 2.24% | 1.89% | 1.85% | 10.83% | 2.36% | 1.93% | 2.42% | 2.31% |
SSDOX State Street Target Retirement 2055 Fund | 4.41% | 4.85% | 4.45% | 2.99% | 4.97% | 4.39% | 3.03% | 6.02% | 5.38% | 0.44% | 1.71% | 2.03% |
Frequently Asked Questions
With a correlation of 0.96, SSDOX and FDEWX 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.
FDEWX has higher volatility (3.82%) compared to SSDOX (3.67%). In terms of maximum drawdown, SSDOX dropped -29.85% vs FDEWX's -30.69%.
FDEWX currently has the higher Sharpe Ratio (1.58 vs 1.57), 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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