SSFNX vs. SPY
Compare and contrast key facts about State Street Target Retirement Fund (SSFNX) and State Street SPDR S&P 500 ETF (SPY).
SSFNX is managed by State Street. 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.
Performance
SSFNX vs. SPY - Performance Comparison
Loading graphics...
SSFNX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSFNX State Street Target Retirement Fund | -0.35% | 10.93% | 7.05% | 10.73% | -12.21% | 6.87% | 10.26% | 13.97% | -2.49% | 8.92% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SSFNX achieves a -0.35% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SSFNX has underperformed SPY with an annualized return of 5.41%, while SPY has yielded a comparatively higher 13.98% annualized return.
SSFNX
- 1D
- 0.18%
- 1M
- -3.35%
- YTD
- -0.35%
- 6M
- 1.07%
- 1Y
- 8.90%
- 3Y*
- 8.01%
- 5Y*
- 3.96%
- 10Y*
- 5.41%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SSFNX vs. SPY - Expense Ratio Comparison
SSFNX has a 0.10% 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%.
Return for Risk
SSFNX vs. SPY — Risk / Return Rank
SSFNX
SPY
SSFNX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement Fund (SSFNX) and State Street 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.
| SSFNX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.93 | +0.66 |
Sortino ratioReturn per unit of downside risk | 2.24 | 1.45 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.53 | +0.41 |
Martin ratioReturn relative to average drawdown | 9.29 | 7.30 | +1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SSFNX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.93 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.69 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.78 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.56 | +0.21 |
Correlation
The correlation between SSFNX and SPY is 0.85, 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.
Dividends
SSFNX vs. SPY - Dividend Comparison
SSFNX's dividend yield for the trailing twelve months is around 4.88%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSFNX State Street Target Retirement Fund | 4.88% | 4.86% | 5.78% | 5.26% | 5.12% | 6.69% | 1.61% | 3.35% | 4.40% | 2.72% | 1.84% | 2.05% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SSFNX vs. SPY - Drawdown Comparison
The maximum SSFNX drawdown since its inception was -16.62%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SSFNX and SPY.
Loading graphics...
Drawdown Indicators
| SSFNX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.62% | -55.19% | +38.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -12.05% | +7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -16.62% | -24.50% | +7.88% |
Max Drawdown (10Y)Largest decline over 10 years | -16.62% | -33.72% | +17.10% |
Current DrawdownCurrent decline from peak | -3.35% | -6.24% | +2.89% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -9.09% | +6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.52% | -1.58% |
Volatility
SSFNX vs. SPY - Volatility Comparison
The current volatility for State Street Target Retirement Fund (SSFNX) is 1.92%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SSFNX 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.
Loading graphics...
Volatility by Period
| SSFNX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 5.31% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 9.47% | -6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 19.05% | -13.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 17.06% | -10.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 17.92% | -11.37% |