EISMX vs. SSMHX
EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) and SSMHX (State Street Small/Mid Cap Equity Index Portfolio) are both Mid Cap Growth Equities funds. Over the past 10 years, EISMX returned 10.34%/yr vs 11.42%/yr for SSMHX. Their correlation of 0.85 means they have usually moved in the same direction. EISMX charges 0.88%/yr vs 0.02%/yr for SSMHX.
Performance
EISMX vs. SSMHX - Performance Comparison
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Returns By Period
In the year-to-date period, EISMX achieves a 5.24% return, which is significantly lower than SSMHX's 13.90% return. Over the past 10 years, EISMX has underperformed SSMHX with an annualized return of 10.34%, while SSMHX has yielded a comparatively higher 11.42% annualized return.
EISMX
- 1D
- -1.07%
- 1M
- 3.30%
- 6M
- 3.91%
- YTD
- 5.24%
- 1Y
- 2.39%
- 3Y*
- 6.91%
- 5Y*
- 5.08%
- 10Y*
- 10.34%
- ALL TIME*
- 10.64%
SSMHX
- 1D
- 1.49%
- 1M
- -2.41%
- 6M
- 11.18%
- YTD
- 13.90%
- 1Y
- 24.63%
- 3Y*
- 14.32%
- 5Y*
- 5.84%
- 10Y*
- 11.42%
- ALL TIME*
- 10.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
EISMX vs. SSMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 5.24% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 13.90% | 12.90% | 10.73% | 25.21% | -25.43% | 13.08% | 32.46% | 28.00% | -9.21% | 18.26% |
Correlation
The correlation between EISMX and SSMHX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2015 | 0.85 |
Over the past year, the correlation between EISMX and SSMHX has dropped to 0.64 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
EISMX vs. SSMHX — Risk / Return Rank
EISMX
SSMHX
EISMX vs. SSMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) and State Street Small/Mid Cap Equity Index Portfolio (SSMHX). 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.
| EISMX | SSMHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.22 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.15 | -2.25 |
| Martin ratioReturn relative to average drawdown | -0.20 | 7.52 | -7.72 |
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Drawdowns
EISMX vs. SSMHX - Drawdown Comparison
The maximum EISMX drawdown since its inception was -45.32%, which is greater than SSMHX's maximum drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for EISMX and SSMHX.
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Drawdown Indicators
| EISMX | SSMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.32% | -41.61% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -10.03% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -19.39% | -30.38% | +10.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.81% | -34.84% | +15.03% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -41.61% | +1.66% |
Current DrawdownCurrent decline from peak | -6.45% | -3.40% | -3.05% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -9.04% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.40% | 2.87% | +3.53% |
Volatility
EISMX vs. SSMHX - Volatility Comparison
Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) has a higher volatility of 5.63% compared to State Street Small/Mid Cap Equity Index Portfolio (SSMHX) at 3.93%. This indicates that EISMX's price experiences larger fluctuations and is considered to be riskier than SSMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EISMX | SSMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 3.93% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 13.24% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 17.53% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 22.48% | -5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 22.37% | -3.50% |
EISMX vs. SSMHX - Expense Ratio Comparison
EISMX has a 0.88% expense ratio, which is higher than SSMHX's 0.02% expense ratio.
Dividends
EISMX vs. SSMHX - Dividend Comparison
EISMX's dividend yield for the trailing twelve months is around 6.11%, less than SSMHX's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.11% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 6.25% | 7.12% | 0.00% | 1.56% | 2.31% | 16.30% | 2.91% | 3.65% | 6.43% | 4.01% | 1.71% | 0.73% |
Frequently Asked Questions
EISMX and SSMHX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EISMX has higher volatility (5.63%) compared to SSMHX (3.93%). In terms of maximum drawdown, EISMX dropped -45.32% vs SSMHX's -41.61%.
SSMHX currently has the higher Sharpe Ratio (1.23 vs -0.08), 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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