EGLBX vs. SVSPX

Last updated Jun 25, 2026

EGLBX (Elfun International Equity Fund) and SVSPX (State Street S&P 500 Index Fund Class N) are both mutual funds - EGLBX is a Foreign Large Cap Equities fund managed by State Street, while SVSPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 10 years, EGLBX returned 9.45%/yr vs 15.45%/yr for SVSPX. A 0.61 correlation means they provide meaningful diversification when combined. EGLBX charges 0.37%/yr vs 0.16%/yr for SVSPX.

Performance

EGLBX vs. SVSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elfun International Equity Fund (EGLBX) and State Street S&P 500 Index Fund Class N (SVSPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EGLBX achieves a 8.42% return, which is significantly higher than SVSPX's 7.87% return. Over the past 10 years, EGLBX has underperformed SVSPX with an annualized return of 9.45%, while SVSPX has yielded a comparatively higher 15.45% annualized return.

EGLBX

• 1D: -1.75%
• 1M: 0.81%
• YTD: 8.42%
• 6M: 8.38%
• 1Y: 16.46%
• 3Y*: 13.72%
• 5Y*: 6.88%
• 10Y*: 9.45%

SVSPX

• 1D: -1.67%
• 1M: -1.21%
• YTD: 7.87%
• 6M: 6.54%
• 1Y: 22.03%
• 3Y*: 20.68%
• 5Y*: 12.97%
• 10Y*: 15.45%

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

EGLBX vs. SVSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGLBX Elfun International Equity Fund	8.42%	22.41%	3.40%	20.35%	-16.09%	9.11%	13.33%	30.15%	-16.35%	22.99%
SVSPX State Street S&P 500 Index Fund Class N	7.87%	17.83%	25.07%	26.21%	-18.31%	28.38%	18.48%	31.27%	-4.87%	21.71%

Correlation

The correlation between EGLBX and SVSPX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993	0.61

The correlation between EGLBX and SVSPX shifts across timeframes, from 0.54 (1 year) to 0.64 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

EGLBX vs. SVSPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EGLBX

EGLBX Risk / Return Rank: 22
EGLBX Sharpe Ratio Rank: 21
EGLBX Sortino Ratio Rank: 21
EGLBX Omega Ratio Rank: 21
EGLBX Calmar Ratio Rank: 20
EGLBX Martin Ratio Rank: 26

SVSPX

SVSPX Risk / Return Rank: 70
SVSPX Sharpe Ratio Rank: 65
SVSPX Sortino Ratio Rank: 64
SVSPX Omega Ratio Rank: 59
SVSPX Calmar Ratio Rank: 77
SVSPX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EGLBX vs. SVSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elfun International Equity Fund (EGLBX) and State Street S&P 500 Index Fund Class N (SVSPX). 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.

	EGLBX	SVSPX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	2.16	-1.02
Sortino ratio: Return per unit of downside risk	1.69	3.03	-1.34
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio: Return relative to maximum drawdown	1.44	3.27	-1.83
Martin ratio: Return relative to average drawdown	5.45	14.80	-9.35

EGLBX vs. SVSPX - Sharpe Ratio Comparison

The current EGLBX Sharpe Ratio is 1.14, which is lower than the SVSPX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of EGLBX and SVSPX, 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

EGLBX vs. SVSPX - Drawdown Comparison

The maximum EGLBX drawdown since its inception was -60.96%, which is greater than SVSPX's maximum drawdown of -55.76%. Use the drawdown chart below to compare losses from any high point for EGLBX and SVSPX.

Drawdown Indicators

	EGLBX	SVSPX	Difference
Max Drawdown Largest peak-to-trough decline	-60.96%	-55.76%	-5.20%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-8.93%	-3.87%
Max Drawdown (3Y) Largest decline over 3 years	-15.23%	-19.09%	+3.86%
Max Drawdown (5Y) Largest decline over 5 years	-32.52%	-24.59%	-7.93%
Max Drawdown (10Y) Largest decline over 10 years	-32.52%	-33.69%	+1.17%
Current Drawdown Current decline from peak	-1.99%	-3.37%	+1.38%
Average Drawdown Average peak-to-trough decline	-12.59%	-9.23%	-3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	1.85%	+1.52%

Volatility

EGLBX vs. SVSPX - Volatility Comparison

Elfun International Equity Fund (EGLBX) and State Street S&P 500 Index Fund Class N (SVSPX) have volatilities of 4.90% and 5.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGLBX	SVSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	5.03%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	13.20%	10.82%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	13.51%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	17.56%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	18.36%	-1.52%

EGLBX vs. SVSPX - Expense Ratio Comparison

EGLBX has a 0.37% expense ratio, which is higher than SVSPX's 0.16% expense ratio.

Dividends

EGLBX vs. SVSPX - Dividend Comparison

EGLBX's dividend yield for the trailing twelve months is around 10.54%, more than SVSPX's 7.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EGLBX Elfun International Equity Fund	10.54%	11.42%	6.62%	1.95%	6.97%	8.23%	1.17%	1.68%	2.49%	1.56%	2.19%	1.85%
SVSPX State Street S&P 500 Index Fund Class N	7.44%	8.28%	9.39%	12.38%	10.53%	11.65%	15.98%	6.40%	13.29%	4.94%	8.63%	4.05%

Frequently Asked Questions

Can I hold both EGLBX and SVSPX in my portfolio?

EGLBX and SVSPX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EGLBX or SVSPX?

SVSPX has higher volatility (5.03%) compared to EGLBX (4.90%). In terms of maximum drawdown, EGLBX dropped -60.96% vs SVSPX's -55.76%.

Which has better risk-adjusted returns?

SVSPX currently has the higher Sharpe Ratio (2.16 vs 1.14), 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.