SSDWX vs. VINIX
Compare and contrast key facts about State Street Target Retirement 2060 Fund (SSDWX) and Vanguard Institutional Index Fund Institutional Shares (VINIX).
SSDWX is managed by State Street Global Advisors. It was launched on Sep 29, 2014. VINIX is managed by Vanguard. It was launched on Jul 31, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSDWX or VINIX.
Performance
SSDWX vs. VINIX - Performance Comparison
Returns By Period
In the year-to-date period, SSDWX achieves a 14.05% return, which is significantly lower than VINIX's 25.53% return. Over the past 10 years, SSDWX has underperformed VINIX with an annualized return of 8.30%, while VINIX has yielded a comparatively higher 13.15% annualized return.
SSDWX
14.05%
-0.48%
6.39%
21.98%
9.15%
8.30%
VINIX
25.53%
1.18%
12.21%
32.16%
15.57%
13.15%
Key characteristics
| SSDWX | VINIX | |
|---|---|---|
| Sharpe Ratio | 2.04 | 2.61 |
| Sortino Ratio | 2.79 | 3.49 |
| Omega Ratio | 1.37 | 1.48 |
| Calmar Ratio | 1.91 | 3.77 |
| Martin Ratio | 12.32 | 16.97 |
| Ulcer Index | 1.76% | 1.88% |
| Daily Std Dev | 10.63% | 12.24% |
| Max Drawdown | -29.88% | -55.19% |
| Current Drawdown | -1.96% | -1.35% |
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SSDWX vs. VINIX - Expense Ratio Comparison
SSDWX has a 0.18% expense ratio, which is higher than VINIX's 0.04% 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%.
Correlation
The correlation between SSDWX and VINIX is 0.93, 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.
Risk-Adjusted Performance
SSDWX vs. VINIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement 2060 Fund (SSDWX) and Vanguard Institutional Index Fund Institutional Shares (VINIX). 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. VINIX - Dividend Comparison
SSDWX's dividend yield for the trailing twelve months is around 1.89%, more than VINIX's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSDWX State Street Target Retirement 2060 Fund | 1.89% | 2.16% | 1.61% | 1.81% | 1.47% | 2.24% | 2.32% | 1.94% | 1.43% | 2.05% | 1.58% | 0.00% |
VINIX Vanguard Institutional Index Fund Institutional Shares | 1.26% | 1.47% | 1.74% | 1.28% | 1.59% | 1.91% | 2.13% | 1.82% | 2.07% | 2.45% | 1.88% | 1.85% |
Drawdowns
SSDWX vs. VINIX - Drawdown Comparison
The maximum SSDWX drawdown since its inception was -29.88%, smaller than the maximum VINIX drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SSDWX and VINIX. For additional features, visit the drawdowns tool.
Volatility
SSDWX vs. VINIX - Volatility Comparison
The current volatility for State Street Target Retirement 2060 Fund (SSDWX) is 3.04%, while Vanguard Institutional Index Fund Institutional Shares (VINIX) has a volatility of 4.06%. This indicates that SSDWX experiences smaller price fluctuations and is considered to be less risky than VINIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.