- ISIN
- US85749T7072
- Issuer
- State Street
- Inception Date
- Aug 11, 2015
- Category
- Mid Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
SSMHX Performance Chart
State Street Small/Mid Cap Equity Index Portfolio (SSMHX) is up 15.0% since the beginning of the year. SSMHX is currently trading at $381 per share. Investors who bought $1,000 worth of SSMHX shares 5 years ago would now be looking at an investment worth $1,368.
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Returns By Period
State Street Small/Mid Cap Equity Index Portfolio (SSMHX) has returned 14.95% so far this year and 30.61% over the past 12 months. Over the last ten years, SSMHX has returned 12.07% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
State Street Small/Mid Cap Equity Index Portfolio
- 1D
- 1.61%
- 1M
- 4.19%
- YTD
- 14.95%
- 6M
- 12.07%
- 1Y
- 30.61%
- 3Y*
- 17.17%
- 5Y*
- 6.47%
- 10Y*
- 12.07%
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%
SSMHX Monthly Returns History
Based on dividend-adjusted daily data since Aug 17, 2015, SSMHX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +18.1%, while the worst month was Mar 2020 at -21.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SSMHX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -14.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.44% | 1.39% | -4.87% | 9.39% | 4.42% | 1.84% | 14.95% | ||||||
| 2025 | 5.16% | -5.67% | -7.64% | -0.49% | 7.14% | 5.49% | 2.17% | 4.35% | 2.24% | 0.98% | -0.01% | -0.43% | 12.90% |
| 2024 | -2.32% | 6.22% | 3.35% | -6.41% | 3.45% | -0.02% | 6.16% | 0.42% | 1.57% | 0.53% | 11.73% | -12.29% | 10.73% |
| 2023 | 10.70% | -1.59% | -2.77% | -2.18% | 0.49% | 8.28% | 5.84% | -4.02% | -4.86% | -6.19% | 11.00% | 10.34% | 25.21% |
| 2022 | -9.72% | -0.06% | 0.81% | -10.41% | -1.77% | -9.03% | 10.48% | -2.03% | -9.78% | 8.48% | 3.41% | -6.53% | -25.43% |
| 2021 | 2.30% | 4.99% | -0.10% | 4.19% | -0.56% | 3.11% | -1.26% | 2.00% | -3.77% | 5.74% | -5.28% | 1.65% | 13.08% |
Benchmark Metrics
State Street Small/Mid Cap Equity Index Portfolio has an annualized alpha of -2.18%, beta of 1.10, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since August 17, 2015.
- This fund participated in 117.48% of S&P 500 Index downside but only 108.61% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.18% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.10 and R2 of 0.80, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.18%
- Beta
- 1.10
- R²
- 0.80
- Upside Capture
- 108.61%
- Downside Capture
- 117.48%
Expense Ratio
SSMHX has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
SSMHX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street Small/Mid Cap Equity Index Portfolio (SSMHX) 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.
| SSMHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.78 | +0.26 |
| Martin ratioReturn relative to average drawdown | 10.97 | 12.44 | -1.47 |
Dividends
Dividend History
State Street Small/Mid Cap Equity Index Portfolio provided a 6.20% dividend yield over the last twelve months, with an annual payout of $23.64 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $23.64 | $23.64 | $0.00 | $4.42 | $5.33 | $51.56 | $9.55 | $9.30 | $13.25 | $9.70 | $3.63 | $1.36 |
Dividend yield | 6.20% | 7.12% | 0.00% | 1.56% | 2.31% | 16.30% | 2.91% | 3.65% | 6.43% | 4.01% | 1.71% | 0.73% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Small/Mid Cap Equity Index Portfolio. 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 | $23.64 | $23.64 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.42 | $4.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.33 | $5.33 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $51.56 | $51.56 |
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 Small/Mid Cap Equity Index Portfolio. 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 Small/Mid Cap Equity Index Portfolio was 41.61%, occurring on Mar 18, 2020. Recovery took 112 trading sessions.
The current State Street Small/Mid Cap Equity Index Portfolio drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.61%Mar 2020 | 26d | 5mo 11d | 6mo 7dFeb 2020 - Aug 2020 |
Bear market2022 | -34.84%Jun 2022 | 7mo 9d | 2y 4mo | 2y 11moNov 2021 - Oct 2024 |
2025 selloff2025 | -30.38%Apr 2025 | 4mo 4d | 8mo 6d | 1y 5dDec 2024 - Dec 2025 |
Rate-hike selloffLate 2018 | -24.56%Dec 2018 | 3mo 21d | 11mo 6d | 1y 2moSep 2018 - Nov 2019 |
2016 bear market2016 | -22.06%Feb 2016 | 5mo 27d | 5mo 19d | 11mo 16dAug 2015 - Jul 2016 |
Drawdown Indicators
| SSMHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.61% | -56.78% | +15.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -9.10% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -30.38% | -18.90% | -11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -25.43% | -9.41% |
Max Drawdown (10Y)Largest decline over 10 years | -41.61% | -33.92% | -7.69% |
Current DrawdownCurrent decline from peak | -0.20% | -1.80% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -10.71% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.03% | +0.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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