SSDWX vs. SPY
Compare and contrast key facts about State Street Target Retirement 2060 Fund (SSDWX) and SPDR S&P 500 ETF (SPY).
SSDWX is managed by State Street Global Advisors. It was launched on Sep 29, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSDWX or SPY.
Correlation
The correlation between SSDWX and SPY 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
SSDWX vs. SPY - Performance Comparison
Key characteristics
SSDWX:
0.45
SPY:
0.51
SSDWX:
0.73
SPY:
0.86
SSDWX:
1.10
SPY:
1.13
SSDWX:
0.44
SPY:
0.55
SSDWX:
1.81
SPY:
2.26
SSDWX:
3.90%
SPY:
4.55%
SSDWX:
15.84%
SPY:
20.08%
SSDWX:
-29.88%
SPY:
-55.19%
SSDWX:
-6.77%
SPY:
-9.89%
Returns By Period
In the year-to-date period, SSDWX achieves a -0.58% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, SSDWX has underperformed SPY with an annualized return of 6.05%, while SPY has yielded a comparatively higher 12.16% annualized return.
SSDWX
-0.58%
-0.32%
-3.07%
6.83%
8.86%
6.05%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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SSDWX vs. SPY - Expense Ratio Comparison
SSDWX has a 0.18% expense ratio, which is higher than SPY's 0.09% 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
SSDWX vs. SPY — Risk-Adjusted Performance Rank
SSDWX
SPY
SSDWX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2060 Fund (SSDWX) and SPDR S&P 500 ETF (SPY). 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
SSDWX vs. SPY - Dividend Comparison
SSDWX's dividend yield for the trailing twelve months is around 2.32%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSDWX State Street Target Retirement 2060 Fund | 2.32% | 2.30% | 2.16% | 1.61% | 1.81% | 1.47% | 2.24% | 2.32% | 1.94% | 1.43% | 2.05% | 1.58% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SSDWX vs. SPY - Drawdown Comparison
The maximum SSDWX drawdown since its inception was -29.88%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SSDWX and SPY. For additional features, visit the drawdowns tool.
Volatility
SSDWX vs. SPY - Volatility Comparison
The current volatility for State Street Target Retirement 2060 Fund (SSDWX) is 11.16%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that SSDWX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.