ELFNX vs. SSGVX

Last updated Apr 1, 2026

Compare and contrast key facts about Elfun Trusts (ELFNX) and State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX).

ELFNX is managed by State Street. It was launched on May 27, 1935. SSGVX is managed by State Street. It was launched on Sep 17, 2014.

Performance

ELFNX vs. SSGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elfun Trusts (ELFNX) and State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX). The values are adjusted to include any dividend payments, if applicable.

ELFNX vs. SSGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELFNX Elfun Trusts	-9.40%	16.64%	26.91%	34.50%	-19.91%	24.46%	25.18%	35.57%	-3.25%	25.60%
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio	-0.63%	32.69%	5.01%	15.71%	-16.42%	8.42%	1,010.40%	21.71%	-14.01%	27.18%

Returns By Period

In the year-to-date period, ELFNX achieves a -9.40% return, which is significantly lower than SSGVX's -0.63% return. Over the past 10 years, ELFNX has underperformed SSGVX with an annualized return of 14.84%, while SSGVX has yielded a comparatively higher 36.75% annualized return.

ELFNX

• 1D: -0.21%
• 1M: -7.68%
• YTD: -9.40%
• 6M: -6.55%
• 1Y: 12.68%
• 3Y*: 18.88%
• 5Y*: 10.93%
• 10Y*: 14.84%

SSGVX

• 1D: 0.39%
• 1M: -10.87%
• YTD: -0.63%
• 6M: 4.13%
• 1Y: 24.93%
• 3Y*: 14.44%
• 5Y*: 6.96%
• 10Y*: 36.75%

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

ELFNX vs. SSGVX - Expense Ratio Comparison

ELFNX has a 0.18% expense ratio, which is higher than SSGVX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ELFNX

Elfun Trusts

SSGVX

State Street Global All Cap Equity ex-U.S.Index Portfolio

Return for Risk

ELFNX vs. SSGVX — Risk / Return Rank

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

ELFNX

ELFNX Risk / Return Rank: 34
ELFNX Sharpe Ratio Rank: 32
ELFNX Sortino Ratio Rank: 34
ELFNX Omega Ratio Rank: 35
ELFNX Calmar Ratio Rank: 34
ELFNX Martin Ratio Rank: 33

SSGVX

SSGVX Risk / Return Rank: 82
SSGVX Sharpe Ratio Rank: 83
SSGVX Sortino Ratio Rank: 83
SSGVX Omega Ratio Rank: 82
SSGVX Calmar Ratio Rank: 83
SSGVX Martin Ratio Rank: 80

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.

ELFNX vs. SSGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elfun Trusts (ELFNX) and State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX). 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.

	ELFNX	SSGVX	Difference
Sharpe ratio Return per unit of total volatility	0.71	1.56	-0.85
Sortino ratio Return per unit of downside risk	1.13	2.12	-1.00
Omega ratio Gain probability vs. loss probability	1.16	1.32	-0.16
Calmar ratio Return relative to maximum drawdown	0.93	2.00	-1.07
Martin ratio Return relative to average drawdown	3.55	7.92	-4.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELFNX vs. SSGVX - Sharpe Ratio Comparison

The current ELFNX Sharpe Ratio is 0.71, which is lower than the SSGVX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of ELFNX and SSGVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ELFNX	SSGVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.56	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.48	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.13	+0.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.11	+0.46

Correlation

The correlation between ELFNX and SSGVX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ELFNX vs. SSGVX - Dividend Comparison

ELFNX's dividend yield for the trailing twelve months is around 10.89%, more than SSGVX's 3.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELFNX Elfun Trusts	10.89%	9.87%	10.43%	2.90%	9.01%	11.62%	8.60%	9.39%	16.18%	10.80%	8.85%	8.22%
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio	3.35%	3.33%	3.09%	2.96%	2.35%	2.58%	1.66%	2.96%	3.02%	2.77%	1.56%	2.16%

Drawdowns

ELFNX vs. SSGVX - Drawdown Comparison

The maximum ELFNX drawdown since its inception was -50.28%, which is greater than SSGVX's maximum drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for ELFNX and SSGVX.

Drawdown Indicators

	ELFNX	SSGVX	Difference
Max Drawdown Largest peak-to-trough decline	-50.28%	-35.79%	-14.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-11.22%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-26.39%	-30.03%	+3.64%
Max Drawdown (10Y) Largest decline over 10 years	-32.44%	-35.79%	+3.35%
Current Drawdown Current decline from peak	-11.40%	-10.87%	-0.53%
Average Drawdown Average peak-to-trough decline	-7.65%	-7.83%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.84%	+0.17%

Volatility

ELFNX vs. SSGVX - Volatility Comparison

The current volatility for Elfun Trusts (ELFNX) is 4.40%, while State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX) has a volatility of 6.43%. This indicates that ELFNX experiences smaller price fluctuations and is considered to be less risky than SSGVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELFNX	SSGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	6.43%	-2.03%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	10.02%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	15.49%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	14.55%	+3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.35%	282.23%	-263.88%