LCLAX vs. SSMHX
Compare and contrast key facts about ClearBridge Select Fund Class A (LCLAX) and State Street Small/Mid Cap Equity Index Portfolio (SSMHX).
LCLAX is managed by Franklin Templeton. It was launched on Sep 23, 2013. SSMHX is managed by State Street. It was launched on Aug 11, 2015.
Performance
LCLAX vs. SSMHX - Performance Comparison
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LCLAX vs. SSMHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCLAX ClearBridge Select Fund Class A | -10.74% | 6.87% | 21.13% | 23.82% | -33.28% | 19.86% | 58.29% | 33.03% | 10.18% | 38.69% |
SSMHX State Street Small/Mid Cap Equity Index Portfolio | -4.45% | 12.90% | 10.73% | 25.21% | -25.43% | 13.08% | 32.46% | 28.00% | -9.21% | 18.26% |
Returns By Period
In the year-to-date period, LCLAX achieves a -10.74% return, which is significantly lower than SSMHX's -4.45% return. Over the past 10 years, LCLAX has outperformed SSMHX with an annualized return of 15.27%, while SSMHX has yielded a comparatively lower 10.38% annualized return.
LCLAX
- 1D
- -0.68%
- 1M
- -8.34%
- YTD
- -10.74%
- 6M
- -12.89%
- 1Y
- 4.90%
- 3Y*
- 9.74%
- 5Y*
- 1.57%
- 10Y*
- 15.27%
SSMHX
- 1D
- -0.92%
- 1M
- -8.01%
- YTD
- -4.45%
- 6M
- -3.94%
- 1Y
- 17.75%
- 3Y*
- 12.19%
- 5Y*
- 3.29%
- 10Y*
- 10.38%
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LCLAX vs. SSMHX - Expense Ratio Comparison
LCLAX has a 1.10% expense ratio, which is higher than SSMHX's 0.02% expense ratio.
Return for Risk
LCLAX vs. SSMHX — Risk / Return Rank
LCLAX
SSMHX
LCLAX vs. SSMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Select Fund Class A (LCLAX) 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.
| LCLAX | SSMHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.78 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.48 | 1.23 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.17 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.02 | -0.83 |
Martin ratioReturn relative to average drawdown | 0.62 | 4.33 | -3.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LCLAX | SSMHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.78 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.15 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.47 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.40 | +0.18 |
Correlation
The correlation between LCLAX and SSMHX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LCLAX vs. SSMHX - Dividend Comparison
LCLAX has not paid dividends to shareholders, while SSMHX's dividend yield for the trailing twelve months is around 7.46%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCLAX ClearBridge Select Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 3.38% | 0.00% | 0.00% | 1.31% | 2.15% | 1.13% | 5.31% |
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 7.46% | 7.12% | 0.00% | 1.56% | 2.31% | 16.30% | 2.91% | 3.65% | 6.43% | 4.01% | 1.71% | 0.73% |
Drawdowns
LCLAX vs. SSMHX - Drawdown Comparison
The maximum LCLAX drawdown since its inception was -43.64%, roughly equal to the maximum SSMHX drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for LCLAX and SSMHX.
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Drawdown Indicators
| LCLAX | SSMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.64% | -41.61% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -14.36% | -14.48% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -43.64% | -34.84% | -8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -43.64% | -41.61% | -2.03% |
Current DrawdownCurrent decline from peak | -14.36% | -10.03% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -9.27% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 3.41% | +0.98% |
Volatility
LCLAX vs. SSMHX - Volatility Comparison
The current volatility for ClearBridge Select Fund Class A (LCLAX) is 5.55%, while State Street Small/Mid Cap Equity Index Portfolio (SSMHX) has a volatility of 5.96%. This indicates that LCLAX experiences smaller price fluctuations and is considered to be less risky 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
| LCLAX | SSMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 5.96% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 12.78% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.32% | 22.45% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.83% | 22.38% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 22.33% | -0.43% |