SSDWX vs. FMDGX
SSDWX (State Street Target Retirement 2060 Fund) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both mutual funds - SSDWX is a Target Retirement Date fund managed by State Street, while FMDGX is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index. Over the past 5 years, SSDWX returned 8.27%/yr vs 4.37%/yr for FMDGX. Their correlation of 0.87 means they have usually moved in the same direction. SSDWX charges 0.18%/yr vs 0.05%/yr for FMDGX.
Performance
SSDWX vs. FMDGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SSDWX achieves a 10.37% return, which is significantly higher than FMDGX's 0.31% return.
SSDWX
- 1D
- 0.40%
- 1M
- -0.60%
- 6M
- 6.78%
- YTD
- 10.37%
- 1Y
- 21.87%
- 3Y*
- 16.01%
- 5Y*
- 8.27%
- 10Y*
- 11.01%
- ALL TIME*
- 9.87%
FMDGX
- 1D
- -0.28%
- 1M
- -4.14%
- 6M
- 0.83%
- YTD
- 0.31%
- 1Y
- -1.05%
- 3Y*
- 12.08%
- 5Y*
- 4.37%
- 10Y*
- —
- ALL TIME*
- 9.95%
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 |
SSDWX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SSDWX State Street Target Retirement 2060 Fund | 10.37% | 21.16% | 12.53% | 19.24% | -19.20% | 13.74% | 19.62% | 7.09% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.31% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
Correlation
The correlation between SSDWX and FMDGX is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.87 |
The correlation between SSDWX and FMDGX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SSDWX vs. FMDGX — Risk / Return Rank
SSDWX
FMDGX
SSDWX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2060 Fund (SSDWX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.
| SSDWX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.99 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | -0.18 | +2.51 |
| Martin ratioReturn relative to average drawdown | 9.44 | -0.51 | +9.95 |
Loading charts...
Drawdowns
SSDWX vs. FMDGX - Drawdown Comparison
The maximum SSDWX drawdown since its inception was -29.88%, smaller than the maximum FMDGX drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for SSDWX and FMDGX.
Loading charts...
Drawdown Indicators
| SSDWX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.88% | -38.59% | +8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -14.75% | +5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -25.30% | +10.20% |
Max Drawdown (5Y)Largest decline over 5 years | -27.39% | -38.59% | +11.20% |
Max Drawdown (10Y)Largest decline over 10 years | -29.88% | — | — |
Current DrawdownCurrent decline from peak | -1.48% | -6.46% | +4.98% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -11.02% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 5.30% | -3.10% |
Volatility
SSDWX vs. FMDGX - Volatility Comparison
The current volatility for State Street Target Retirement 2060 Fund (SSDWX) is 3.61%, while Fidelity Mid Cap Growth Index Fund (FMDGX) has a volatility of 5.09%. This indicates that SSDWX experiences smaller price fluctuations and is considered to be less risky than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SSDWX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 5.09% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 13.99% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.39% | 17.60% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 22.53% | -8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 24.22% | -9.36% |
SSDWX vs. FMDGX - Expense Ratio Comparison
SSDWX has a 0.18% expense ratio, which is higher than FMDGX'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
SSDWX vs. FMDGX - Dividend Comparison
SSDWX's dividend yield for the trailing twelve months is around 4.06%, more than FMDGX's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 1.85% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
SSDWX State Street Target Retirement 2060 Fund | 4.06% | 4.48% | 4.11% | 2.73% | 4.23% | 4.05% | 2.02% | 3.26% | 6.40% | 2.88% | 2.71% | 3.23% |
Frequently Asked Questions
SSDWX and FMDGX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMDGX has higher volatility (5.09%) compared to SSDWX (3.61%). In terms of maximum drawdown, SSDWX dropped -29.88% vs FMDGX's -38.59%.
SSDWX currently has the higher Sharpe Ratio (1.68 vs -0.15), 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.
Find the right allocation for SSDWX and FMDGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer