SSFNX vs. GMFZX

Last updated Aug 1, 2026

SSFNX (State Street Target Retirement Fund) and GMFZX (GuideStone Funds MyDestination 2045 Fund) are both Target Retirement Date funds. Over the past 10 years, SSFNX returned 5.61%/yr vs 10.51%/yr for GMFZX. Their correlation of 0.90 means they have usually moved in the same direction. SSFNX charges 0.10%/yr vs 0.38%/yr for GMFZX.

Performance

SSFNX vs. GMFZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Target Retirement Fund (SSFNX) and GuideStone Funds MyDestination 2045 Fund (GMFZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSFNX achieves a 5.13% return, which is significantly lower than GMFZX's 9.29% return. Over the past 10 years, SSFNX has underperformed GMFZX with an annualized return of 5.61%, while GMFZX has yielded a comparatively higher 10.51% annualized return.

SSFNX

• 1D: 0.59%
• 1M: 0.00%
• 6M: 3.48%
• YTD: 5.13%
• 1Y: 10.22%
• 3Y*: 8.89%
• 5Y*: 4.12%
• 10Y*: 5.61%
• ALL TIME*: 5.26%

GMFZX

• 1D: 1.77%
• 1M: -0.14%
• 6M: 6.38%
• YTD: 9.29%
• 1Y: 19.43%
• 3Y*: 15.07%
• 5Y*: 8.56%
• 10Y*: 10.51%
• ALL TIME*: 6.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GMFZX GuideStone Funds MyDestination 2045 Fund	$0.00	$0.00	$0.00
SSFNX State Street Target Retirement Fund	$0.00	$0.00	$0.00

SSFNX vs. GMFZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSFNX State Street Target Retirement Fund	5.13%	10.93%	7.05%	10.73%	-12.21%	6.87%	10.26%	13.97%	-2.49%	8.92%
GMFZX GuideStone Funds MyDestination 2045 Fund	9.29%	18.22%	14.21%	18.70%	-17.40%	16.30%	13.82%	24.26%	-7.79%	20.91%

Correlation

The correlation between SSFNX and GMFZX is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.90

The correlation between SSFNX and GMFZX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

Return for Risk

SSFNX vs. GMFZX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SSFNX

SSFNX Risk / Return Rank: 86
SSFNX Sharpe Ratio Rank: 86
SSFNX Sortino Ratio Rank: 84
SSFNX Omega Ratio Rank: 85
SSFNX Calmar Ratio Rank: 84
SSFNX Martin Ratio Rank: 90

GMFZX

GMFZX Risk / Return Rank: 62
GMFZX Sharpe Ratio Rank: 61
GMFZX Sortino Ratio Rank: 60
GMFZX Omega Ratio Rank: 59
GMFZX Calmar Ratio Rank: 60
GMFZX Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSFNX vs. GMFZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement Fund (SSFNX) and GuideStone Funds MyDestination 2045 Fund (GMFZX). 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.

	SSFNX	GMFZX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.51	+0.59
Sortino ratio: Return per unit of downside risk	2.99	2.14	+0.85
Omega ratio: Gain probability vs. loss probability	1.41	1.27	+0.14
Calmar ratio: Return relative to maximum drawdown	2.83	2.08	+0.76
Martin ratio: Return relative to average drawdown	12.28	8.94	+3.34

SSFNX vs. GMFZX - Sharpe Ratio Comparison

The current SSFNX Sharpe Ratio is 2.09, which is higher than the GMFZX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of SSFNX and GMFZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSFNX vs. GMFZX - Drawdown Comparison

The maximum SSFNX drawdown since its inception was -16.62%, smaller than the maximum GMFZX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for SSFNX and GMFZX.

Drawdown Indicators

	SSFNX	GMFZX	Difference
Max Drawdown Largest peak-to-trough decline	-16.62%	-60.03%	+43.41%
Max Drawdown (1Y) Largest decline over 1 year	-3.52%	-8.59%	+5.07%
Max Drawdown (3Y) Largest decline over 3 years	-5.21%	-14.13%	+8.92%
Max Drawdown (5Y) Largest decline over 5 years	-16.62%	-24.61%	+7.99%
Max Drawdown (10Y) Largest decline over 10 years	-16.62%	-30.18%	+13.56%
Current Drawdown Current decline from peak	-0.42%	-1.10%	+0.68%
Average Drawdown Average peak-to-trough decline	-2.49%	-9.59%	+7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	1.99%	-1.18%

Volatility

SSFNX vs. GMFZX - Volatility Comparison

The current volatility for State Street Target Retirement Fund (SSFNX) is 1.23%, while GuideStone Funds MyDestination 2045 Fund (GMFZX) has a volatility of 3.37%. This indicates that SSFNX experiences smaller price fluctuations and is considered to be less risky than GMFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSFNX	GMFZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	3.37%	-2.14%
Volatility (6M) Calculated over the trailing 6-month period	3.97%	9.79%	-5.82%
Volatility (1Y) Calculated over the trailing 1-year period	4.78%	11.83%	-7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.63%	13.67%	-7.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.56%	14.33%	-7.77%

SSFNX vs. GMFZX - Expense Ratio Comparison

SSFNX has a 0.10% expense ratio, which is lower than GMFZX's 0.38% expense ratio.

Dividends

SSFNX vs. GMFZX - Dividend Comparison

SSFNX's dividend yield for the trailing twelve months is around 4.63%, more than GMFZX's 4.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMFZX GuideStone Funds MyDestination 2045 Fund	4.12%	4.50%	5.87%	3.27%	6.81%	5.46%	2.36%	3.33%	7.99%	4.37%	3.97%	19.91%
SSFNX State Street Target Retirement Fund	4.63%	4.86%	5.78%	5.26%	5.12%	6.69%	1.61%	3.35%	4.40%	2.72%	1.84%	2.05%

Frequently Asked Questions

Can I hold both SSFNX and GMFZX in my portfolio?

With a correlation of 0.91, SSFNX and GMFZX 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, SSFNX or GMFZX?

GMFZX has higher volatility (3.37%) compared to SSFNX (1.23%). In terms of maximum drawdown, SSFNX dropped -16.62% vs GMFZX's -60.03%.

Which has better risk-adjusted returns?

SSFNX currently has the higher Sharpe Ratio (2.09 vs 1.51), 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.