TNXIX vs. SSFNX
TNXIX (1290 Retirement 2060 Fund) and SSFNX (State Street Target Retirement Fund) are both Target Retirement Date funds. Over the past 5 years, TNXIX returned 10.62%/yr vs 4.12%/yr for SSFNX. Their correlation of 0.85 means they have usually moved in the same direction. TNXIX charges 0.52%/yr vs 0.10%/yr for SSFNX.
Performance
TNXIX vs. SSFNX - Performance Comparison
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Returns By Period
In the year-to-date period, TNXIX achieves a 5.47% return, which is significantly higher than SSFNX's 5.13% return.
TNXIX
- 1D
- 2.22%
- 1M
- -0.57%
- 6M
- 4.98%
- YTD
- 5.47%
- 1Y
- 16.26%
- 3Y*
- 18.14%
- 5Y*
- 10.62%
- 10Y*
- —
- ALL TIME*
- 10.87%
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%
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 |
TNXIX vs. SSFNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNXIX 1290 Retirement 2060 Fund | 5.47% | 16.99% | 30.13% | 13.71% | -13.94% | 19.21% | 6.93% | 25.04% | -5.65% | 11.87% |
SSFNX State Street Target Retirement Fund | 5.13% | 10.93% | 7.05% | 10.73% | -12.21% | 6.87% | 10.26% | 13.97% | -2.49% | 6.09% |
Correlation
The correlation between TNXIX and SSFNX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017 | 0.85 |
The correlation between TNXIX and SSFNX shifts across timeframes, from 0.74 (3 years) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TNXIX vs. SSFNX — Risk / Return Rank
TNXIX
SSFNX
TNXIX vs. SSFNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Retirement 2060 Fund (TNXIX) and State Street Target Retirement Fund (SSFNX). 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.
| TNXIX | SSFNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.83 | -1.70 |
| Martin ratioReturn relative to average drawdown | 4.11 | 12.28 | -8.16 |
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Drawdowns
TNXIX vs. SSFNX - Drawdown Comparison
The maximum TNXIX drawdown since its inception was -32.31%, which is greater than SSFNX's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for TNXIX and SSFNX.
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Drawdown Indicators
| TNXIX | SSFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -16.62% | -15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -3.52% | -8.72% |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | -5.21% | -17.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -16.62% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.62% | — |
Current DrawdownCurrent decline from peak | -4.04% | -0.42% | -3.62% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -2.49% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 0.81% | +2.56% |
Volatility
TNXIX vs. SSFNX - Volatility Comparison
1290 Retirement 2060 Fund (TNXIX) has a higher volatility of 4.38% compared to State Street Target Retirement Fund (SSFNX) at 1.23%. This indicates that TNXIX's price experiences larger fluctuations and is considered to be riskier than SSFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNXIX | SSFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 1.23% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 3.97% | +8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 4.78% | +11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 6.63% | +10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 6.56% | +10.70% |
TNXIX vs. SSFNX - Expense Ratio Comparison
TNXIX has a 0.52% expense ratio, which is higher than SSFNX's 0.10% expense ratio.
Dividends
TNXIX vs. SSFNX - Dividend Comparison
TNXIX's dividend yield for the trailing twelve months is around 1.60%, less than SSFNX's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TNXIX 1290 Retirement 2060 Fund | 1.60% | 1.69% | 0.45% | 0.54% | 4.17% | 2.04% | 2.95% | 1.87% | 2.42% | 0.06% | 0.00% | 0.00% |
Frequently Asked Questions
TNXIX and SSFNX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNXIX has higher volatility (4.38%) compared to SSFNX (1.23%). In terms of maximum drawdown, TNXIX dropped -32.31% vs SSFNX's -16.62%.
SSFNX currently has the higher Sharpe Ratio (2.09 vs 0.85), 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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