MISEX vs. SSSYX
Compare and contrast key facts about Midas Magic (MISEX) and State Street Equity 500 Index Fund Class K (SSSYX).
MISEX is managed by Midas. It was launched on Mar 20, 1986. SSSYX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Sep 17, 2014.
Performance
MISEX vs. SSSYX - Performance Comparison
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MISEX vs. SSSYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MISEX Midas Magic | -10.54% | 29.83% | 26.58% | 32.71% | -23.29% | 38.28% | 13.69% | 33.49% | -11.36% | 17.90% |
SSSYX State Street Equity 500 Index Fund Class K | -7.05% | 17.81% | 24.99% | 26.27% | -18.16% | 28.51% | 18.31% | 31.38% | -4.38% | 21.61% |
Returns By Period
In the year-to-date period, MISEX achieves a -10.54% return, which is significantly lower than SSSYX's -7.05% return. Both investments have delivered pretty close results over the past 10 years, with MISEX having a 13.74% annualized return and SSSYX not far behind at 13.69%.
MISEX
- 1D
- -0.05%
- 1M
- -11.11%
- YTD
- -10.54%
- 6M
- -4.14%
- 1Y
- 19.29%
- 3Y*
- 23.12%
- 5Y*
- 12.22%
- 10Y*
- 13.74%
SSSYX
- 1D
- -0.39%
- 1M
- -7.67%
- YTD
- -7.05%
- 6M
- -4.60%
- 1Y
- 14.40%
- 3Y*
- 17.15%
- 5Y*
- 11.37%
- 10Y*
- 13.69%
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MISEX vs. SSSYX - Expense Ratio Comparison
MISEX has a 2.95% expense ratio, which is higher than SSSYX's 0.02% expense ratio.
Return for Risk
MISEX vs. SSSYX — Risk / Return Rank
MISEX
SSSYX
MISEX vs. SSSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Midas Magic (MISEX) 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.
| MISEX | SSSYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.84 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.30 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.06 | -0.09 |
Martin ratioReturn relative to average drawdown | 3.85 | 5.13 | -1.28 |
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
| MISEX | SSSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.84 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.68 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.11 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.11 | +0.18 |
Correlation
The correlation between MISEX and SSSYX 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
MISEX vs. SSSYX - Dividend Comparison
MISEX's dividend yield for the trailing twelve months is around 10.01%, more than SSSYX's 1.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISEX Midas Magic | 10.01% | 8.95% | 2.03% | 2.17% | 5.23% | 6.96% | 2.81% | 4.69% | 4.49% | 2.79% | 23.93% | 23.05% |
SSSYX State Street Equity 500 Index Fund Class K | 1.55% | 1.44% | 1.63% | 1.78% | 2.16% | 2.76% | 1.86% | 4.44% | 5.18% | 5.94% | 2.07% | 1.84% |
Drawdowns
MISEX vs. SSSYX - Drawdown Comparison
The maximum MISEX drawdown since its inception was -71.80%, smaller than the maximum SSSYX drawdown of -91.48%. Use the drawdown chart below to compare losses from any high point for MISEX and SSSYX.
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Drawdown Indicators
| MISEX | SSSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.80% | -91.48% | +19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -12.10% | -4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -31.37% | -24.49% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -43.11% | -91.48% | +48.37% |
Current DrawdownCurrent decline from peak | -16.98% | -8.88% | -8.10% |
Average DrawdownAverage peak-to-trough decline | -21.50% | -4.20% | -17.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 2.49% | +1.77% |
Volatility
MISEX vs. SSSYX - Volatility Comparison
Midas Magic (MISEX) has a higher volatility of 6.05% compared to State Street Equity 500 Index Fund Class K (SSSYX) at 4.24%. This indicates that MISEX'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.
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Volatility by Period
| MISEX | SSSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 4.24% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 9.08% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 18.10% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.47% | 16.85% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.37% | 124.43% | -101.06% |