TRRJX vs. SSBRX
TRRJX (T. Rowe Price Retirement 2035 Fund) and SSBRX (State Street Target Retirement 2025 Fund) are both Target Retirement Date funds. Over the past 10 years, TRRJX returned 9.52%/yr vs 7.63%/yr for SSBRX. Their correlation of 0.94 means they have usually moved in the same direction. TRRJX charges 0.58%/yr vs 0.13%/yr for SSBRX.
Performance
TRRJX vs. SSBRX - Performance Comparison
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Returns By Period
In the year-to-date period, TRRJX achieves a 8.73% return, which is significantly higher than SSBRX's 6.18% return. Over the past 10 years, TRRJX has outperformed SSBRX with an annualized return of 9.52%, while SSBRX has yielded a comparatively lower 7.63% annualized return.
TRRJX
- 1D
- 0.24%
- 1M
- 0.00%
- 6M
- 5.35%
- YTD
- 8.73%
- 1Y
- 12.73%
- 3Y*
- 12.01%
- 5Y*
- 6.17%
- 10Y*
- 9.52%
- ALL TIME*
- 7.98%
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 |
TRRJX vs. SSBRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRRJX T. Rowe Price Retirement 2035 Fund | 8.73% | 10.96% | 11.99% | 18.14% | -17.96% | 15.21% | 17.04% | 23.72% | -6.95% | 20.89% |
SSBRX State Street Target Retirement 2025 Fund | 6.18% | 12.93% | 8.73% | 13.61% | -15.51% | 10.03% | 14.68% | 20.73% | -5.47% | 14.32% |
Correlation
The correlation between TRRJX and SSBRX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.94 |
The correlation between TRRJX and SSBRX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
TRRJX vs. SSBRX — Risk / Return Rank
TRRJX
SSBRX
TRRJX vs. SSBRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement 2035 Fund (TRRJX) 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.
| TRRJX | SSBRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.77 | -1.26 |
| Martin ratioReturn relative to average drawdown | 5.69 | 12.00 | -6.31 |
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Drawdowns
TRRJX vs. SSBRX - Drawdown Comparison
The maximum TRRJX drawdown since its inception was -53.57%, which is greater than SSBRX's maximum drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for TRRJX and SSBRX.
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Drawdown Indicators
| TRRJX | SSBRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.57% | -21.96% | -31.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.06% | -4.44% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.52% | -7.36% | -5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.85% | -21.13% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -30.14% | -21.96% | -8.18% |
Current DrawdownCurrent decline from peak | -0.74% | -0.52% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -3.68% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 1.02% | +1.09% |
Volatility
TRRJX vs. SSBRX - Volatility Comparison
T. Rowe Price Retirement 2035 Fund (TRRJX) has a higher volatility of 2.75% compared to State Street Target Retirement 2025 Fund (SSBRX) at 1.47%. This indicates that TRRJX'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
| TRRJX | SSBRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 1.47% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 4.89% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 5.93% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 8.86% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.47% | 9.75% | +3.72% |
TRRJX vs. SSBRX - Expense Ratio Comparison
TRRJX has a 0.58% expense ratio, which is higher than SSBRX's 0.13% expense ratio.
Dividends
TRRJX vs. SSBRX - Dividend Comparison
TRRJX has not paid dividends to shareholders, while SSBRX's dividend yield for the trailing twelve months is around 5.71%.
| 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% |
TRRJX T. Rowe Price Retirement 2035 Fund | 0.00% | 0.00% | 2.36% | 4.68% | 9.67% | 6.89% | 4.80% | 5.68% | 8.55% | 3.80% | 2.89% | 4.05% |
Frequently Asked Questions
With a correlation of 0.91, TRRJX 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.
TRRJX has higher volatility (2.75%) compared to SSBRX (1.47%). In terms of maximum drawdown, TRRJX dropped -53.57% vs SSBRX's -21.96%.
SSBRX currently has the higher Sharpe Ratio (2.08 vs 1.08), 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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