EAERX vs. SSSYX

Last updated Aug 5, 2026

EAERX (Eaton Vance Stock Fund) and SSSYX (State Street Equity 500 Index Fund Class K) are both mutual funds - EAERX is a Large Cap Blend Equities fund managed by Eaton Vance, while SSSYX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, EAERX returned 15.71%/yr vs 44.93%/yr for SSSYX. Their 0.97 correlation means they have historically moved very closely together. EAERX charges 0.98%/yr vs 0.02%/yr for SSSYX.

Performance

EAERX vs. SSSYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Stock Fund (EAERX) and State Street Equity 500 Index Fund Class K (SSSYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EAERX achieves a 7.59% return, which is significantly lower than SSSYX's 11.75% return. Over the past 10 years, EAERX has underperformed SSSYX with an annualized return of 15.71%, while SSSYX has yielded a comparatively higher 44.93% annualized return.

EAERX

• 1D: 1.38%
• 1M: 2.48%
• 6M: 7.98%
• YTD: 7.59%
• 1Y: 11.99%
• 3Y*: 26.55%
• 5Y*: 15.39%
• 10Y*: 15.71%
• ALL TIME*: 10.64%

SSSYX

• 1D: 1.48%
• 1M: 1.63%
• 6M: 10.49%
• YTD: 11.75%
• 1Y: 21.47%
• 3Y*: 20.85%
• 5Y*: 13.10%
• 10Y*: 44.93%
• ALL TIME*: 37.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EAERX Eaton Vance Stock Fund	$0.00	$0.00	$0.00
SSSYX State Street Equity 500 Index Fund Class K	$0.00	$0.00	$0.00

EAERX vs. SSSYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EAERX Eaton Vance Stock Fund	7.59%	13.24%	53.09%	24.22%	-16.94%	22.85%	18.22%	35.04%	-5.94%	19.90%
SSSYX State Street Equity 500 Index Fund Class K	11.75%	17.81%	24.99%	26.27%	-18.16%	28.51%	1,083.11%	31.38%	-4.38%	21.61%

Correlation

The correlation between EAERX and SSSYX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (10Y) Provides a long-term view across more market conditions.	0.97
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014	0.97

The correlation between EAERX and SSSYX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

EAERX vs. SSSYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EAERX

EAERX Risk / Return Rank: 28
EAERX Sharpe Ratio Rank: 27
EAERX Sortino Ratio Rank: 26
EAERX Omega Ratio Rank: 26
EAERX Calmar Ratio Rank: 26
EAERX Martin Ratio Rank: 33

SSSYX

SSSYX Risk / Return Rank: 75
SSSYX Sharpe Ratio Rank: 74
SSSYX Sortino Ratio Rank: 70
SSSYX Omega Ratio Rank: 70
SSSYX Calmar Ratio Rank: 76
SSSYX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EAERX vs. SSSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Stock Fund (EAERX) and State Street Equity 500 Index Fund Class K (SSSYX). 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.

	EAERX	SSSYX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.82	-0.78
Sortino ratio: Return per unit of downside risk	1.52	2.51	-0.98
Omega ratio: Gain probability vs. loss probability	1.19	1.33	-0.14
Calmar ratio: Return relative to maximum drawdown	1.30	2.63	-1.33
Martin ratio: Return relative to average drawdown	5.35	11.29	-5.94

EAERX vs. SSSYX - Sharpe Ratio Comparison

The current EAERX Sharpe Ratio is 1.04, which is lower than the SSSYX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of EAERX and SSSYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EAERX vs. SSSYX - Drawdown Comparison

The maximum EAERX drawdown since its inception was -48.72%, which is greater than SSSYX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for EAERX and SSSYX.

Drawdown Indicators

	EAERX	SSSYX	Difference
Max Drawdown Largest peak-to-trough decline	-48.72%	-33.77%	-14.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-8.88%	-1.80%
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	-18.74%	-0.33%
Max Drawdown (5Y) Largest decline over 5 years	-22.71%	-24.49%	+1.78%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-33.77%	-0.06%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.76%	-3.89%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.06%	+0.52%

Volatility

EAERX vs. SSSYX - Volatility Comparison

Eaton Vance Stock Fund (EAERX) has a higher volatility of 4.30% compared to State Street Equity 500 Index Fund Class K (SSSYX) at 3.81%. This indicates that EAERX's price experiences larger fluctuations and is considered to be riskier than SSSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EAERX	SSSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	3.81%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	10.19%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	12.85%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.59%	17.01%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	121.18%	-100.88%

EAERX vs. SSSYX - Expense Ratio Comparison

EAERX has a 0.98% expense ratio, which is higher than SSSYX's 0.02% expense ratio.

Dividends

EAERX vs. SSSYX - Dividend Comparison

EAERX's dividend yield for the trailing twelve months is around 8.32%, more than SSSYX's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EAERX Eaton Vance Stock Fund	8.32%	8.95%	29.39%	17.32%	14.50%	12.48%	1.96%	3.92%	12.04%	7.77%	2.87%	8.13%
SSSYX State Street Equity 500 Index Fund Class K	1.29%	1.44%	1.63%	1.78%	2.16%	2.76%	1.86%	4.44%	5.18%	5.94%	2.07%	1.84%

Frequently Asked Questions

Can I hold both EAERX and SSSYX in my portfolio?

With a correlation of 0.96, EAERX and SSSYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EAERX or SSSYX?

EAERX has higher volatility (4.30%) compared to SSSYX (3.81%). In terms of maximum drawdown, EAERX dropped -48.72% vs SSSYX's -33.77%.

Which has better risk-adjusted returns?

SSSYX currently has the higher Sharpe Ratio (1.82 vs 1.04), 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.