MSEFX vs. SSEYX

Last updated Apr 2, 2026

Compare and contrast key facts about iMGP Equity Fund (MSEFX) and State Street Equity 500 Index II Portfolio (SSEYX).

MSEFX is managed by iM Global Partner Fund Management. It was launched on Dec 31, 1996. SSEYX is managed by State Street. It was launched on Aug 11, 2014.

Performance

MSEFX vs. SSEYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iMGP Equity Fund (MSEFX) and State Street Equity 500 Index II Portfolio (SSEYX). The values are adjusted to include any dividend payments, if applicable.

MSEFX vs. SSEYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSEFX iMGP Equity Fund	-6.62%	5.15%	3.29%	17.30%	-25.22%	18.27%	19.49%	27.56%	-10.08%	21.13%
SSEYX State Street Equity 500 Index II Portfolio	-4.34%	17.52%	25.01%	26.29%	-18.18%	28.58%	18.28%	31.42%	-4.54%	21.72%

Returns By Period

In the year-to-date period, MSEFX achieves a -6.62% return, which is significantly lower than SSEYX's -4.34% return. Over the past 10 years, MSEFX has underperformed SSEYX with an annualized return of 6.90%, while SSEYX has yielded a comparatively higher 13.99% annualized return.

MSEFX

• 1D: 1.57%
• 1M: -8.10%
• YTD: -6.62%
• 6M: -7.40%
• 1Y: -1.38%
• 3Y*: 3.56%
• 5Y*: -0.93%
• 10Y*: 6.90%

SSEYX

• 1D: 2.92%
• 1M: -5.02%
• YTD: -4.34%
• 6M: -2.39%
• 1Y: 17.01%
• 3Y*: 18.20%
• 5Y*: 11.70%
• 10Y*: 13.99%

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

MSEFX vs. SSEYX - Expense Ratio Comparison

MSEFX has a 0.98% expense ratio, which is higher than SSEYX's 0.02% expense ratio.

MSEFX

iMGP Equity Fund

SSEYX

State Street Equity 500 Index II Portfolio

Return for Risk

MSEFX vs. SSEYX — Risk / Return Rank

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

MSEFX

MSEFX Risk / Return Rank: 3
MSEFX Sharpe Ratio Rank: 3
MSEFX Sortino Ratio Rank: 3
MSEFX Omega Ratio Rank: 3
MSEFX Calmar Ratio Rank: 3
MSEFX Martin Ratio Rank: 3

SSEYX

SSEYX Risk / Return Rank: 57
SSEYX Sharpe Ratio Rank: 46
SSEYX Sortino Ratio Rank: 51
SSEYX Omega Ratio Rank: 54
SSEYX Calmar Ratio Rank: 61
SSEYX Martin Ratio Rank: 73

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.

MSEFX vs. SSEYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iMGP Equity Fund (MSEFX) and State Street Equity 500 Index II Portfolio (SSEYX). 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.

	MSEFX	SSEYX	Difference
Sharpe ratio Return per unit of total volatility	-0.09	0.96	-1.05
Sortino ratio Return per unit of downside risk	-0.03	1.47	-1.50
Omega ratio Gain probability vs. loss probability	1.00	1.22	-0.23
Calmar ratio Return relative to maximum drawdown	-0.11	1.50	-1.60
Martin ratio Return relative to average drawdown	-0.37	7.19	-7.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSEFX vs. SSEYX - Sharpe Ratio Comparison

The current MSEFX Sharpe Ratio is -0.09, which is lower than the SSEYX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of MSEFX and SSEYX, 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

	MSEFX	SSEYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	0.96	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.70	-0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.78	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.72	-0.37

Correlation

The correlation between MSEFX and SSEYX is 0.89, 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

MSEFX vs. SSEYX - Dividend Comparison

MSEFX's dividend yield for the trailing twelve months is around 3.64%, more than SSEYX's 1.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSEFX iMGP Equity Fund	3.64%	3.40%	7.44%	4.08%	31.07%	16.28%	12.45%	9.07%	14.47%	7.93%	5.87%	9.89%
SSEYX State Street Equity 500 Index II Portfolio	1.45%	1.38%	1.93%	1.46%	1.57%	2.48%	3.63%	2.36%	5.91%	5.37%	2.29%	3.47%

Drawdowns

MSEFX vs. SSEYX - Drawdown Comparison

The maximum MSEFX drawdown since its inception was -61.12%, which is greater than SSEYX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for MSEFX and SSEYX.

Drawdown Indicators

	MSEFX	SSEYX	Difference
Max Drawdown Largest peak-to-trough decline	-61.12%	-33.75%	-27.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-12.10%	+1.58%
Max Drawdown (5Y) Largest decline over 5 years	-36.93%	-24.52%	-12.41%
Max Drawdown (10Y) Largest decline over 10 years	-36.93%	-33.75%	-3.18%
Current Drawdown Current decline from peak	-14.37%	-6.22%	-8.15%
Average Drawdown Average peak-to-trough decline	-10.64%	-4.14%	-6.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.52%	+0.50%

Volatility

MSEFX vs. SSEYX - Volatility Comparison

The current volatility for iMGP Equity Fund (MSEFX) is 4.13%, while State Street Equity 500 Index II Portfolio (SSEYX) has a volatility of 5.34%. This indicates that MSEFX experiences smaller price fluctuations and is considered to be less risky than SSEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSEFX	SSEYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	5.34%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	8.12%	9.51%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	18.29%	-4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	16.92%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	18.05%	-0.23%