TBLEX vs. SSBRX
TBLEX (T. Rowe Price Retirement Blend 2025 Fund) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 5 years, TBLEX returned 5.94%/yr vs 4.95%/yr for SSBRX. Their 0.96 correlation means they have historically moved very closely together. TBLEX charges 0.22%/yr vs 0.13%/yr for SSBRX.
Performance
TBLEX vs. SSBRX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TBLEX having a 6.39% return and SSBRX slightly lower at 6.18%.
TBLEX
- 1D
- 0.09%
- 1M
- -0.26%
- 6M
- 4.02%
- YTD
- 6.39%
- 1Y
- 13.72%
- 3Y*
- 11.60%
- 5Y*
- 5.94%
- 10Y*
- —
- ALL TIME*
- 5.93%
SSBRX
- 1D
- 0.15%
- 1M
- 0.07%
- 6M
- 4.36%
- YTD
- 6.18%
- 1Y
- 12.50%
- 3Y*
- 10.65%
- 5Y*
- 4.95%
- 10Y*
- 7.63%
- ALL TIME*
- 7.07%
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 |
TBLEX vs. SSBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TBLEX T. Rowe Price Retirement Blend 2025 Fund | 6.39% | 13.88% | 10.29% | 15.00% | -15.23% | 2.43% |
SSBRX State Street Target Retirement 2025 Fund | 6.18% | 12.93% | 8.73% | 13.61% | -15.51% | 1.48% |
Correlation
The correlation between TBLEX and SSBRX is 0.95, 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021 | 0.96 |
The correlation between TBLEX and SSBRX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
TBLEX vs. SSBRX — Risk / Return Rank
TBLEX
SSBRX
TBLEX vs. SSBRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Blend 2025 Fund (TBLEX) and State Street Target Retirement 2025 Fund (SSBRX). 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.
| TBLEX | SSBRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.77 | -0.47 |
| Martin ratioReturn relative to average drawdown | 9.84 | 12.00 | -2.15 |
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Drawdowns
TBLEX vs. SSBRX - Drawdown Comparison
The maximum TBLEX drawdown since its inception was -21.51%, roughly equal to the maximum SSBRX drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for TBLEX and SSBRX.
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Drawdown Indicators
| TBLEX | SSBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.51% | -21.96% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.80% | -4.44% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -8.94% | -7.36% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.51% | -21.13% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.96% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.52% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -3.68% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.02% | +0.33% |
Volatility
TBLEX vs. SSBRX - Volatility Comparison
T. Rowe Price Retirement Blend 2025 Fund (TBLEX) has a higher volatility of 2.06% compared to State Street Target Retirement 2025 Fund (SSBRX) at 1.47%. This indicates that TBLEX's price experiences larger fluctuations and is considered to be riskier than SSBRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBLEX | SSBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 1.47% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.47% | 4.89% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 5.93% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.77% | 8.86% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.77% | 9.75% | +0.02% |
TBLEX vs. SSBRX - Expense Ratio Comparison
TBLEX has a 0.22% expense ratio, which is higher than SSBRX's 0.13% 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
TBLEX vs. SSBRX - Dividend Comparison
TBLEX's dividend yield for the trailing twelve months is around 3.05%, less than SSBRX's 5.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSBRX State Street Target Retirement 2025 Fund | 5.71% | 6.07% | 6.67% | 4.60% | 6.60% | 6.44% | 4.74% | 6.58% | 5.35% | 0.60% | 1.84% | 2.38% |
TBLEX T. Rowe Price Retirement Blend 2025 Fund | 3.05% | 3.25% | 2.73% | 2.41% | 3.09% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, TBLEX and SSBRX 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.
TBLEX has higher volatility (2.06%) compared to SSBRX (1.47%). In terms of maximum drawdown, TBLEX dropped -21.51% vs SSBRX's -21.96%.
SSBRX currently has the higher Sharpe Ratio (2.08 vs 1.73), 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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