MXXIX vs. SSMHX

Last updated Jun 26, 2026

MXXIX (Marsico Midcap Growth Focus Fund) and SSMHX (State Street Small/Mid Cap Equity Index Portfolio) are both Mid Cap Growth Equities funds. Over the past 10 years, MXXIX returned 17.60%/yr vs 12.34%/yr for SSMHX. Their correlation of 0.88 suggests significant overlap in exposure. MXXIX charges 1.33%/yr vs 0.02%/yr for SSMHX.

Performance

MXXIX vs. SSMHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Marsico Midcap Growth Focus Fund (MXXIX) and State Street Small/Mid Cap Equity Index Portfolio (SSMHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXXIX achieves a 17.28% return, which is significantly higher than SSMHX's 14.63% return. Over the past 10 years, MXXIX has outperformed SSMHX with an annualized return of 17.60%, while SSMHX has yielded a comparatively lower 12.34% annualized return.

MXXIX

• 1D: 0.49%
• 1M: 2.34%
• YTD: 17.28%
• 6M: 14.79%
• 1Y: 26.98%
• 3Y*: 32.77%
• 5Y*: 12.48%
• 10Y*: 17.60%

SSMHX

• 1D: 0.41%
• 1M: 2.32%
• YTD: 14.63%
• 6M: 12.13%
• 1Y: 28.33%
• 3Y*: 18.23%
• 5Y*: 5.57%
• 10Y*: 12.34%

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

MXXIX vs. SSMHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXXIX Marsico Midcap Growth Focus Fund	17.28%	26.09%	42.95%	21.71%	-31.84%	12.04%	45.34%	29.88%	1.76%	30.05%
SSMHX State Street Small/Mid Cap Equity Index Portfolio	14.63%	12.90%	10.73%	25.21%	-25.43%	13.08%	32.46%	28.00%	-9.21%	18.26%

Correlation

The correlation between MXXIX and SSMHX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 17, 2015	0.88

The correlation between MXXIX and SSMHX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

MXXIX vs. SSMHX — Risk / Return Rank

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

MXXIX

MXXIX Risk / Return Rank: 33
MXXIX Sharpe Ratio Rank: 30
MXXIX Sortino Ratio Rank: 30
MXXIX Omega Ratio Rank: 27
MXXIX Calmar Ratio Rank: 38
MXXIX Martin Ratio Rank: 41

SSMHX

SSMHX Risk / Return Rank: 49
SSMHX Sharpe Ratio Rank: 41
SSMHX Sortino Ratio Rank: 40
SSMHX Omega Ratio Rank: 37
SSMHX Calmar Ratio Rank: 68
SSMHX Martin Ratio Rank: 57

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.

MXXIX vs. SSMHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Marsico Midcap Growth Focus Fund (MXXIX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MXXIX	SSMHX	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.56	-0.24
Sortino ratio: Return per unit of downside risk	1.91	2.22	-0.31
Omega ratio: Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio: Return relative to maximum drawdown	2.03	2.72	-0.69
Martin ratio: Return relative to average drawdown	7.65	9.82	-2.16

MXXIX vs. SSMHX - Sharpe Ratio Comparison

The current MXXIX Sharpe Ratio is 1.32, which is comparable to the SSMHX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of MXXIX and SSMHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MXXIX vs. SSMHX - Drawdown Comparison

The maximum MXXIX drawdown since its inception was -62.49%, which is greater than SSMHX's maximum drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for MXXIX and SSMHX.

Drawdown Indicators

	MXXIX	SSMHX	Difference
Max Drawdown Largest peak-to-trough decline	-62.49%	-41.61%	-20.88%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-10.03%	-3.04%
Max Drawdown (3Y) Largest decline over 3 years	-20.05%	-30.38%	+10.33%
Max Drawdown (5Y) Largest decline over 5 years	-40.59%	-34.84%	-5.75%
Max Drawdown (10Y) Largest decline over 10 years	-40.59%	-41.61%	+1.02%
Current Drawdown Current decline from peak	-1.40%	-0.48%	-0.92%
Average Drawdown Average peak-to-trough decline	-18.32%	-9.10%	-9.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	2.78%	+0.68%

Volatility

MXXIX vs. SSMHX - Volatility Comparison

Marsico Midcap Growth Focus Fund (MXXIX) has a higher volatility of 7.04% compared to State Street Small/Mid Cap Equity Index Portfolio (SSMHX) at 6.00%. This indicates that MXXIX's price experiences larger fluctuations and is considered to be riskier than SSMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXXIX	SSMHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.04%	6.00%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	16.32%	13.15%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	20.17%	17.53%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	22.51%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.86%	22.40%	-0.54%

MXXIX vs. SSMHX - Expense Ratio Comparison

MXXIX has a 1.33% expense ratio, which is higher than SSMHX's 0.02% expense ratio.

Dividends

MXXIX vs. SSMHX - Dividend Comparison

MXXIX's dividend yield for the trailing twelve months is around 10.19%, more than SSMHX's 6.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MXXIX Marsico Midcap Growth Focus Fund	10.19%	11.95%	9.18%	1.24%	0.00%	14.22%	2.83%	3.26%	5.37%	0.00%	0.00%	0.00%
SSMHX State Street Small/Mid Cap Equity Index Portfolio	6.21%	7.12%	0.00%	1.56%	2.31%	16.30%	2.91%	3.65%	6.43%	4.01%	1.71%	0.73%

Frequently Asked Questions

Can I hold both MXXIX and SSMHX in my portfolio?

MXXIX and SSMHX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXXIX or SSMHX?

MXXIX has higher volatility (7.04%) compared to SSMHX (6.00%). In terms of maximum drawdown, MXXIX dropped -62.49% vs SSMHX's -41.61%.

Which has better risk-adjusted returns?

SSMHX currently has the higher Sharpe Ratio (1.56 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.