TRRFX vs. SSFNX
Compare and contrast key facts about T. Rowe Price Retirement 2005 Fund (TRRFX) and State Street Target Retirement Fund (SSFNX).
TRRFX is managed by T. Rowe Price. It was launched on Feb 26, 2004. SSFNX is managed by State Street. It was launched on Sep 29, 2014.
Performance
TRRFX vs. SSFNX - Performance Comparison
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TRRFX vs. SSFNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | -1.58% | 5.43% | 8.04% | 11.97% | -13.61% | 8.13% | 11.24% | 15.09% | -3.29% | 10.67% |
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% |
Returns By Period
In the year-to-date period, TRRFX achieves a -1.58% return, which is significantly lower than SSFNX's -0.35% return. Over the past 10 years, TRRFX has underperformed SSFNX with an annualized return of 5.09%, while SSFNX has yielded a comparatively higher 5.41% annualized return.
TRRFX
- 1D
- 0.08%
- 1M
- -4.61%
- YTD
- -1.58%
- 6M
- -5.34%
- 1Y
- 2.31%
- 3Y*
- 6.40%
- 5Y*
- 2.84%
- 10Y*
- 5.09%
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%
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TRRFX vs. SSFNX - Expense Ratio Comparison
TRRFX has a 0.49% expense ratio, which is higher than SSFNX's 0.10% expense ratio.
Return for Risk
TRRFX vs. SSFNX — Risk / Return Rank
TRRFX
SSFNX
TRRFX vs. SSFNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2005 Fund (TRRFX) 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.
| TRRFX | SSFNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 1.59 | -1.30 |
Sortino ratioReturn per unit of downside risk | 0.41 | 2.24 | -1.84 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.93 | -1.68 |
Martin ratioReturn relative to average drawdown | 0.73 | 9.29 | -8.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRRFX | SSFNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 1.59 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.61 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.83 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.77 | -0.16 |
Correlation
The correlation between TRRFX and SSFNX is 0.94, 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
TRRFX vs. SSFNX - Dividend Comparison
TRRFX has not paid dividends to shareholders, while SSFNX's dividend yield for the trailing twelve months is around 4.88%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRRFX T. Rowe Price Retirement 2005 Fund | 0.00% | 0.00% | 3.87% | 4.24% | 10.43% | 10.54% | 8.55% | 3.65% | 6.97% | 4.25% | 1.28% | 1.69% |
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% |
Drawdowns
TRRFX vs. SSFNX - Drawdown Comparison
The maximum TRRFX drawdown since its inception was -33.29%, which is greater than SSFNX's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for TRRFX and SSFNX.
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Drawdown Indicators
| TRRFX | SSFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -16.62% | -16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -4.51% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.82% | -16.62% | -2.20% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -16.62% | -2.20% |
Current DrawdownCurrent decline from peak | -6.83% | -3.35% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -2.55% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 0.94% | +1.40% |
Volatility
TRRFX vs. SSFNX - Volatility Comparison
T. Rowe Price Retirement 2005 Fund (TRRFX) has a higher volatility of 2.32% compared to State Street Target Retirement Fund (SSFNX) at 1.92%. This indicates that TRRFX'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
| TRRFX | SSFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.92% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 3.23% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.53% | 5.71% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.76% | 6.56% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 6.55% | +0.78% |