SSFNX vs. URFRX
SSFNX (State Street Target Retirement Fund) and URFRX (USAA Target Retirement 2040 Fund) are both Target Retirement Date funds. Over the past 10 years, SSFNX returned 5.67%/yr vs 9.26%/yr for URFRX. Their correlation of 0.91 means they have usually moved in the same direction. SSFNX charges 0.10%/yr vs 0.02%/yr for URFRX.
Performance
SSFNX vs. URFRX - Performance Comparison
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Returns By Period
In the year-to-date period, SSFNX achieves a 5.22% return, which is significantly lower than URFRX's 11.25% return. Over the past 10 years, SSFNX has underperformed URFRX with an annualized return of 5.67%, while URFRX has yielded a comparatively higher 9.26% annualized return.
SSFNX
- 1D
- 0.08%
- 1M
- 0.08%
- 6M
- 3.75%
- YTD
- 5.22%
- 1Y
- 10.32%
- 3Y*
- 9.09%
- 5Y*
- 4.13%
- 10Y*
- 5.67%
- ALL TIME*
- 5.26%
URFRX
- 1D
- -0.06%
- 1M
- 0.51%
- 6M
- 7.84%
- YTD
- 11.25%
- 1Y
- 20.91%
- 3Y*
- 14.69%
- 5Y*
- 8.26%
- 10Y*
- 9.26%
- ALL TIME*
- 7.84%
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 |
SSFNX vs. URFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSFNX State Street Target Retirement Fund | 5.22% | 10.93% | 7.05% | 10.73% | -12.21% | 6.87% | 10.26% | 13.97% | -2.49% | 8.92% |
URFRX USAA Target Retirement 2040 Fund | 11.25% | 17.49% | 10.37% | 16.75% | -14.86% | 15.88% | 9.22% | 19.57% | -8.52% | 18.48% |
Correlation
The correlation between SSFNX and URFRX is 0.92, 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. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
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 | 0.91 |
The correlation between SSFNX and URFRX has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
SSFNX vs. URFRX — Risk / Return Rank
SSFNX
URFRX
SSFNX vs. URFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Target Retirement Fund (SSFNX) and USAA Target Retirement 2040 Fund (URFRX). 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 | URFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 2.97 | -0.02 |
| Martin ratioReturn relative to average drawdown | 12.75 | 12.71 | +0.04 |
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Drawdowns
SSFNX vs. URFRX - Drawdown Comparison
The maximum SSFNX drawdown since its inception was -16.62%, smaller than the maximum URFRX drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for SSFNX and URFRX.
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Drawdown Indicators
| SSFNX | URFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.62% | -39.33% | +22.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -6.88% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -5.21% | -12.41% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.62% | -22.27% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -16.62% | -28.59% | +11.97% |
Current DrawdownCurrent decline from peak | -0.34% | -0.19% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -5.15% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.60% | -0.79% |
Volatility
SSFNX vs. URFRX - Volatility Comparison
The current volatility for State Street Target Retirement Fund (SSFNX) is 1.22%, while USAA Target Retirement 2040 Fund (URFRX) has a volatility of 2.45%. This indicates that SSFNX experiences smaller price fluctuations and is considered to be less risky than URFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSFNX | URFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 2.45% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.97% | 8.54% | -4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 10.21% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 12.41% | -5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 13.04% | -6.48% |
SSFNX vs. URFRX - Expense Ratio Comparison
SSFNX has a 0.10% expense ratio, which is higher than URFRX's 0.02% 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
SSFNX vs. URFRX - Dividend Comparison
SSFNX's dividend yield for the trailing twelve months is around 4.62%, less than URFRX's 6.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSFNX State Street Target Retirement Fund | 4.62% | 4.86% | 5.78% | 5.26% | 5.12% | 6.69% | 1.61% | 3.35% | 4.40% | 2.72% | 1.84% | 2.05% |
URFRX USAA Target Retirement 2040 Fund | 6.34% | 7.05% | 2.78% | 3.94% | 10.68% | 7.78% | 5.49% | 12.74% | 9.99% | 6.53% | 3.95% | 2.55% |
Frequently Asked Questions
With a correlation of 0.92, SSFNX and URFRX 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.
URFRX has higher volatility (2.45%) compared to SSFNX (1.22%). In terms of maximum drawdown, SSFNX dropped -16.62% vs URFRX's -39.33%.
SSFNX currently has the higher Sharpe Ratio (2.18 vs 2.00), 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.
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