BTMKX vs. SSGLX
BTMKX (iShares MSCI EAFE International Index Fund) and SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) are both mutual funds - BTMKX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index, while SSGLX is a Global Equities fund tracking the MSCI ACWI ex USA Investable Market Index. Both are passively managed. Over the past 10 years, BTMKX returned 10.27%/yr vs 10.47%/yr for SSGLX. Their correlation of 0.88 suggests significant overlap in exposure. BTMKX charges 0.05%/yr vs 0.07%/yr for SSGLX.
Performance
BTMKX vs. SSGLX - Performance Comparison
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Returns By Period
In the year-to-date period, BTMKX achieves a 10.89% return, which is significantly lower than SSGLX's 15.65% return. Both investments have delivered pretty close results over the past 10 years, with BTMKX having a 10.27% annualized return and SSGLX not far ahead at 10.47%.
BTMKX
- 1D
- 0.19%
- 1M
- 2.19%
- YTD
- 10.89%
- 6M
- 10.37%
- 1Y
- 24.72%
- 3Y*
- 17.72%
- 5Y*
- 9.42%
- 10Y*
- 10.27%
SSGLX
- 1D
- 0.18%
- 1M
- 3.06%
- YTD
- 15.65%
- 6M
- 15.94%
- 1Y
- 33.51%
- 3Y*
- 19.97%
- 5Y*
- 9.00%
- 10Y*
- 10.47%
BTMKX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 10.89% | 31.70% | 3.70% | 18.37% | -14.04% | 11.30% | 8.07% | 21.96% | -13.38% | 25.17% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 15.65% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Correlation
The correlation between BTMKX and SSGLX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014 | 0.88 |
The correlation between BTMKX and SSGLX shifts across timeframes, from 0.78 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTMKX vs. SSGLX — Risk / Return Rank
BTMKX
SSGLX
BTMKX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (BTMKX) 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.
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.
| BTMKX | SSGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.01 | -0.72 |
| Martin ratioReturn relative to average drawdown | 8.54 | 11.53 | -2.99 |
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Drawdowns
BTMKX vs. SSGLX - Drawdown Comparison
The maximum BTMKX drawdown since its inception was -33.92%, smaller than the maximum SSGLX drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for BTMKX and SSGLX.
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Drawdown Indicators
| BTMKX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.92% | -35.88% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -11.22% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.66% | -13.56% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -30.08% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -33.92% | -35.88% | +1.96% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -8.20% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.92% | +0.10% |
Volatility
BTMKX vs. SSGLX - Volatility Comparison
The current volatility for iShares MSCI EAFE International Index Fund (BTMKX) is 4.81%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 5.69%. This indicates that BTMKX 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
| BTMKX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 5.69% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 12.38% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 14.40% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 14.89% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 16.24% | +0.40% |
BTMKX vs. SSGLX - Expense Ratio Comparison
BTMKX has a 0.05% expense ratio, which is lower than SSGLX's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BTMKX vs. SSGLX - Dividend Comparison
BTMKX's dividend yield for the trailing twelve months is around 3.38%, less than SSGLX's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 3.38% | 3.74% | 3.43% | 3.19% | 2.80% | 3.06% | 1.99% | 3.34% | 4.58% | 2.45% | 2.85% | 2.42% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 3.82% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Frequently Asked Questions
BTMKX and SSGLX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGLX has higher volatility (5.69%) compared to BTMKX (4.81%). In terms of maximum drawdown, BTMKX dropped -33.92% vs SSGLX's -35.88%.
SSGLX currently has the higher Sharpe Ratio (2.35 vs 1.66), 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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