- ISIN
- US85749T4004
- Issuer
- State Street
- Inception Date
- Aug 12, 2015
- Category
- Mid Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
SSMKX Performance Chart
State Street Small/Mid Cap Equity Index Fund (SSMKX) is up 14.9% since the beginning of the year. SSMKX is currently trading at $373 per share. Investors who bought $1,000 worth of SSMKX shares 5 years ago would now be looking at an investment worth $1,436.
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Returns By Period
State Street Small/Mid Cap Equity Index Fund (SSMKX) has returned 14.93% so far this year and 30.46% over the past 12 months. Over the last ten years, SSMKX has returned 12.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.54% annually.
State Street Small/Mid Cap Equity Index Fund
- 1D
- 1.61%
- 1M
- 4.19%
- YTD
- 14.93%
- 6M
- 13.29%
- 1Y
- 30.46%
- 3Y*
- 19.36%
- 5Y*
- 7.51%
- 10Y*
- 12.61%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
SSMKX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, SSMKX's average daily return is +0.06%, while the average monthly return is +1.15%. At this rate, an investment would double in approximately 5.1 years.
Historically, 64% of months were positive and 36% 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, SSMKX 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% | 4.41% | 1.84% | 14.93% | ||||||
| 2025 | 5.16% | -5.68% | -7.65% | -0.49% | 7.13% | 5.48% | 2.17% | 4.35% | 2.24% | 0.98% | -0.01% | -0.52% | 12.77% |
| 2024 | -2.32% | 6.22% | 3.35% | -6.42% | 3.45% | -0.03% | 6.16% | 0.42% | 1.57% | 0.53% | 11.72% | -7.15% | 17.20% |
| 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% | 25.20% |
| 2022 | -9.73% | -0.07% | 0.80% | -10.41% | -1.71% | -9.02% | 10.48% | -2.03% | -9.78% | 8.48% | 3.42% | -6.65% | -25.49% |
| 2021 | 2.30% | 4.98% | -0.11% | 4.19% | -0.57% | 3.10% | -1.26% | 1.99% | -3.77% | 5.74% | -5.29% | 1.05% | 12.38% |
Benchmark Metrics
State Street Small/Mid Cap Equity Index Fund has an annualized alpha of -1.19%, beta of 1.11, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 112.61% of S&P 500 Index downside but only 108.96% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.11 and R2 of 0.81, 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
- -1.19%
- Beta
- 1.11
- R²
- 0.81
- Upside Capture
- 108.96%
- Downside Capture
- 112.61%
Expense Ratio
SSMKX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
SSMKX ranks 48 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 Fund (SSMKX) 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.
| SSMKX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.66 | +0.37 |
| Martin ratioReturn relative to average drawdown | 10.90 | 11.86 | -0.97 |
Dividends
Dividend History
State Street Small/Mid Cap Equity Index Fund provided a 4.44% dividend yield over the last twelve months, with an annual payout of $16.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $16.56 | $16.56 | $6.41 | $6.74 | $36.87 | $32.86 | $4.85 | $14.58 | $7.71 | $13.19 | $2.78 |
Dividend yield | 4.44% | 5.10% | 2.12% | 2.56% | 17.09% | 9.69% | 1.47% | 5.75% | 3.68% | 5.52% | 1.30% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Small/Mid Cap 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 | $16.56 | $16.56 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.41 | $6.41 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.74 | $6.74 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $36.87 | $36.87 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $32.86 | $32.86 |
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 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 Small/Mid Cap Equity Index Fund was 41.65%, occurring on Mar 18, 2020. Recovery took 112 trading sessions.
The current State Street Small/Mid Cap Equity Index Fund drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.65%Mar 2020 | 26d | 5mo 11d | 6mo 7dFeb 2020 - Aug 2020 |
Bear market2022 | -35.19%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
2025 selloff2025 | -26.31%Apr 2025 | 4mo 4d | 4mo 16d | 8mo 20dDec 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -24.44%Dec 2018 | 3mo 21d | 11mo 6d | 1y 2moSep 2018 - Nov 2019 |
2016 correction2016 | -14.46%Feb 2016 | 1mo 6d | 1mo 17d | 2mo 23dJan 2016 - Mar 2016 |
Drawdown Indicators
| SSMKX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.65% | -56.78% | +15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -9.10% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -18.90% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -35.19% | -25.43% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.65% | -33.92% | -7.73% |
Current DrawdownCurrent decline from peak | -0.20% | -2.49% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -10.72% | +2.06% |
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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