MUHLX vs. SSSYX
Compare and contrast key facts about Muhlenkamp Fund (MUHLX) and State Street Equity 500 Index Fund Class K (SSSYX).
MUHLX is managed by Muhlenkamp. It was launched on Nov 1, 1988. 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
MUHLX vs. SSSYX - Performance Comparison
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MUHLX vs. SSSYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUHLX Muhlenkamp Fund | 9.11% | 17.82% | 3.38% | 13.92% | 2.89% | 28.98% | 11.96% | 14.39% | -13.29% | 18.78% |
SSSYX State Street Equity 500 Index Fund Class K | -4.34% | 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, MUHLX achieves a 9.11% return, which is significantly higher than SSSYX's -4.34% return. Over the past 10 years, MUHLX has underperformed SSSYX with an annualized return of 10.68%, while SSSYX has yielded a comparatively higher 14.02% annualized return.
MUHLX
- 1D
- 2.42%
- 1M
- -5.65%
- YTD
- 9.11%
- 6M
- 10.37%
- 1Y
- 22.96%
- 3Y*
- 14.41%
- 5Y*
- 12.05%
- 10Y*
- 10.68%
SSSYX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.15%
- 1Y
- 17.29%
- 3Y*
- 18.28%
- 5Y*
- 11.75%
- 10Y*
- 14.02%
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MUHLX vs. SSSYX - Expense Ratio Comparison
MUHLX has a 1.14% expense ratio, which is higher than SSSYX's 0.02% expense ratio.
Return for Risk
MUHLX vs. SSSYX — Risk / Return Rank
MUHLX
SSSYX
MUHLX vs. SSSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Muhlenkamp Fund (MUHLX) 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.
| MUHLX | SSSYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 0.97 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.97 | 1.49 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.52 | +0.85 |
Martin ratioReturn relative to average drawdown | 8.57 | 7.30 | +1.27 |
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
| MUHLX | SSSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.97 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.70 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.11 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.11 | +0.41 |
Correlation
The correlation between MUHLX and SSSYX is 0.80, 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
MUHLX vs. SSSYX - Dividend Comparison
MUHLX's dividend yield for the trailing twelve months is around 3.06%, more than SSSYX's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUHLX Muhlenkamp Fund | 3.06% | 3.34% | 0.58% | 0.89% | 6.80% | 7.77% | 10.28% | 1.26% | 14.70% | 4.30% | 0.00% | 11.02% |
SSSYX State Street Equity 500 Index Fund Class K | 1.51% | 1.44% | 1.63% | 1.78% | 2.16% | 2.76% | 1.86% | 4.44% | 5.18% | 5.94% | 2.07% | 1.84% |
Drawdowns
MUHLX vs. SSSYX - Drawdown Comparison
The maximum MUHLX drawdown since its inception was -62.05%, smaller than the maximum SSSYX drawdown of -91.48%. Use the drawdown chart below to compare losses from any high point for MUHLX and SSSYX.
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Drawdown Indicators
| MUHLX | SSSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.05% | -91.48% | +29.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -12.10% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -24.49% | +5.86% |
Max Drawdown (10Y)Largest decline over 10 years | -40.85% | -91.48% | +50.63% |
Current DrawdownCurrent decline from peak | -5.65% | -6.22% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -4.20% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.52% | +0.31% |
Volatility
MUHLX vs. SSSYX - Volatility Comparison
Muhlenkamp Fund (MUHLX) has a higher volatility of 6.01% compared to State Street Equity 500 Index Fund Class K (SSSYX) at 5.34%. This indicates that MUHLX'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
| MUHLX | SSSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.34% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.06% | 9.53% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 18.29% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 16.89% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 124.43% | -107.39% |