- ISIN
- US85749T8898
- Issuer
- State Street
- Inception Date
- May 29, 2015
- Category
- Foreign Large Cap Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
SSHQX Performance Chart
State Street Hedged International Developed Equity Index Fund (SSHQX) is up 13.0% since the beginning of the year. SSHQX is currently trading at $162 per share. Investors who bought $1,000 worth of SSHQX shares 5 years ago would now be looking at an investment worth $1,920.
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Returns By Period
State Street Hedged International Developed Equity Index Fund (SSHQX) has returned 13.04% so far this year and 29.76% over the past 12 months. Over the last ten years, SSHQX has returned 12.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
State Street Hedged International Developed Equity Index Fund
- 1D
- 0.93%
- 1M
- 3.19%
- YTD
- 13.04%
- 6M
- 13.76%
- 1Y
- 29.76%
- 3Y*
- 18.34%
- 5Y*
- 13.93%
- 10Y*
- 12.74%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SSHQX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, SSHQX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +13.2%, while the worst month was Mar 2020 at -13.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SSHQX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +7.3%, while the worst single day was Mar 16, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.38% | 5.54% | -6.15% | 4.04% | 3.45% | 2.56% | 13.04% | ||||||
| 2025 | 4.76% | 2.14% | -2.57% | -0.56% | 4.91% | 0.39% | 0.96% | 2.95% | 1.99% | 3.50% | 0.73% | 2.27% | 23.42% |
| 2024 | 2.19% | 3.76% | 4.08% | -1.08% | 3.80% | -0.86% | 0.77% | 0.86% | -0.17% | -1.64% | 1.10% | 0.31% | 13.71% |
| 2023 | 7.09% | 0.35% | 1.02% | 2.51% | -1.47% | 4.07% | 1.57% | -1.57% | -0.89% | -2.61% | 5.41% | 3.14% | 19.74% |
| 2022 | -2.76% | -3.17% | 1.79% | -1.48% | 0.76% | -5.99% | 5.79% | -2.94% | -5.92% | 6.18% | 8.07% | -3.91% | -4.73% |
| 2021 | -0.47% | 2.74% | 5.19% | 1.34% | 2.84% | 0.76% | 0.42% | 2.24% | -1.73% | 2.80% | -2.76% | 4.71% | 19.32% |
Benchmark Metrics
State Street Hedged International Developed Equity Index Fund has an annualized alpha of 2.40%, beta of 0.70, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (67.22%) than losses (62.87%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.40% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.70 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.40%
- Beta
- 0.70
- R²
- 0.67
- Upside Capture
- 67.22%
- Downside Capture
- 62.87%
Expense Ratio
SSHQX has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
SSHQX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street Hedged International Developed Equity Index Fund (SSHQX) and compare them to S&P 500 Index.
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.
| SSHQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.78 | +0.19 |
| Martin ratioReturn relative to average drawdown | 12.44 | 12.44 | 0.00 |
Dividends
Dividend History
State Street Hedged International Developed Equity Index Fund provided a 3.19% dividend yield over the last twelve months, with an annual payout of $5.17 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.17 | $5.17 | $3.76 | $4.12 | $21.11 | $3.56 | $2.13 | $5.37 | $6.44 | $3.24 | $3.94 |
Dividend yield | 3.19% | 3.60% | 3.11% | 3.77% | 22.27% | 2.93% | 2.03% | 5.14% | 7.33% | 3.12% | 4.30% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Hedged International Developed Equity Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.17 | $5.17 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.76 | $3.76 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.12 | $4.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $21.11 | $21.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.56 | $3.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street Hedged International Developed Equity Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street Hedged International Developed Equity Index Fund was 31.84%, occurring on Mar 16, 2020. Recovery took 200 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -31.84%Mar 2020 | 1mo 2d | 9mo 18d | 10mo 20dFeb 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -15.00%Dec 2018 | 11mo 4d | 3mo 23d | 1y 2moJan 2018 - Apr 2019 |
Bear market2022 | -14.79%Sep 2022 | 8mo 28d | 3mo 25d | 1y 18dJan 2022 - Jan 2023 |
2025 selloff2025 | -13.99%Apr 2025 | 1mo 18d | 1mo 4d | 2mo 22dFeb 2025 - May 2025 |
2016 correction2016 | -13.54%Feb 2016 | 1mo 6d | 6mo | 7mo 6dJan 2016 - Aug 2016 |
Drawdown Indicators
| SSHQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.84% | -56.78% | +24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -9.10% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -18.90% | +4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -25.43% | +10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -31.84% | -33.92% | +2.08% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -10.71% | +7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.03% | +0.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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