AVPEX vs. SSGLX
Compare and contrast key facts about ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).
AVPEX is managed by ALPS. It was launched on Oct 23, 2014. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.
Performance
AVPEX vs. SSGLX - Performance Comparison
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AVPEX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | -17.85% | 1.46% | 18.06% | 28.80% | -28.96% | 24.03% | 9.25% | 43.19% | -12.61% | 24.96% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | -0.64% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Returns By Period
In the year-to-date period, AVPEX achieves a -17.85% return, which is significantly lower than SSGLX's -0.64% return. Over the past 10 years, AVPEX has underperformed SSGLX with an annualized return of 7.48%, while SSGLX has yielded a comparatively higher 8.58% annualized return.
AVPEX
- 1D
- 0.59%
- 1M
- -8.54%
- YTD
- -17.85%
- 6M
- -18.80%
- 1Y
- -13.46%
- 3Y*
- 6.74%
- 5Y*
- 1.56%
- 10Y*
- 7.48%
SSGLX
- 1D
- 0.39%
- 1M
- -10.87%
- YTD
- -0.64%
- 6M
- 4.10%
- 1Y
- 24.88%
- 3Y*
- 14.40%
- 5Y*
- 6.92%
- 10Y*
- 8.58%
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AVPEX vs. SSGLX - Expense Ratio Comparison
AVPEX has a 1.45% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Return for Risk
AVPEX vs. SSGLX — Risk / Return Rank
AVPEX
SSGLX
AVPEX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
| AVPEX | SSGLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.68 | 1.56 | -2.23 |
Sortino ratioReturn per unit of downside risk | -0.82 | 2.12 | -2.94 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.32 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.00 | -2.68 |
Martin ratioReturn relative to average drawdown | -2.02 | 7.90 | -9.92 |
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
| AVPEX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.68 | 1.56 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.48 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.53 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.37 | +0.01 |
Correlation
The correlation between AVPEX and SSGLX is 0.77, 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
AVPEX vs. SSGLX - Dividend Comparison
AVPEX's dividend yield for the trailing twelve months is around 10.35%, more than SSGLX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVPEX ALPS/Red Rocks Global Opportunity Portfolio | 10.35% | 8.50% | 8.83% | 0.00% | 31.03% | 4.24% | 13.52% | 3.02% | 6.79% | 2.33% | 0.75% | 0.11% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 4.44% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Drawdowns
AVPEX vs. SSGLX - Drawdown Comparison
The maximum AVPEX drawdown since its inception was -46.42%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for AVPEX and SSGLX.
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Drawdown Indicators
| AVPEX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.42% | -35.88% | -10.54% |
Max Drawdown (1Y)Largest decline over 1 year | -22.41% | -11.22% | -11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | -30.08% | -7.42% |
Max Drawdown (10Y)Largest decline over 10 years | -46.42% | -35.88% | -10.54% |
Current DrawdownCurrent decline from peak | -21.95% | -10.87% | -11.08% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -8.32% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.54% | 2.84% | +4.70% |
Volatility
AVPEX vs. SSGLX - Volatility Comparison
The current volatility for ALPS/Red Rocks Global Opportunity Portfolio (AVPEX) is 5.97%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 6.44%. This indicates that AVPEX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVPEX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.97% | 6.44% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 10.02% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 15.49% | +5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 14.49% | +4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 16.15% | +2.78% |