PREIX vs. SSMKX
Compare and contrast key facts about T. Rowe Price Equity Index 500 Fund (PREIX) and State Street Small/Mid Cap Equity Index Fund (SSMKX).
PREIX is managed by T. Rowe Price. It was launched on Mar 30, 1990. SSMKX is managed by State Street. It was launched on Aug 12, 2015.
Performance
PREIX vs. SSMKX - Performance Comparison
Loading graphics...
PREIX vs. SSMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PREIX T. Rowe Price Equity Index 500 Fund | -7.11% | 19.24% | 24.78% | 26.07% | -18.27% | 28.48% | 18.17% | 31.47% | -4.59% | 21.01% |
SSMKX State Street Small/Mid Cap Equity Index Fund | -4.46% | 12.77% | 17.20% | 25.20% | -25.49% | 12.38% | 32.41% | 27.82% | -9.02% | 18.16% |
Returns By Period
In the year-to-date period, PREIX achieves a -7.11% return, which is significantly lower than SSMKX's -4.46% return. Over the past 10 years, PREIX has outperformed SSMKX with an annualized return of 13.66%, while SSMKX has yielded a comparatively lower 10.91% annualized return.
PREIX
- 1D
- -0.39%
- 1M
- -7.70%
- YTD
- -7.11%
- 6M
- -3.40%
- 1Y
- 15.76%
- 3Y*
- 17.48%
- 5Y*
- 11.51%
- 10Y*
- 13.66%
SSMKX
- 1D
- -0.92%
- 1M
- -8.01%
- YTD
- -4.46%
- 6M
- -4.04%
- 1Y
- 17.62%
- 3Y*
- 14.28%
- 5Y*
- 4.29%
- 10Y*
- 10.91%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PREIX vs. SSMKX - Expense Ratio Comparison
PREIX has a 0.15% expense ratio, which is higher than SSMKX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PREIX vs. SSMKX — Risk / Return Rank
PREIX
SSMKX
PREIX vs. SSMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Equity Index 500 Fund (PREIX) and State Street Small/Mid Cap Equity Index Fund (SSMKX). 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.
| PREIX | SSMKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.77 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.22 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.01 | +0.15 |
Martin ratioReturn relative to average drawdown | 5.66 | 4.29 | +1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PREIX | SSMKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.77 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.19 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.49 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.49 | +0.10 |
Correlation
The correlation between PREIX and SSMKX is 0.86, 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
PREIX vs. SSMKX - Dividend Comparison
PREIX's dividend yield for the trailing twelve months is around 3.97%, less than SSMKX's 5.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREIX T. Rowe Price Equity Index 500 Fund | 3.97% | 3.66% | 1.17% | 1.32% | 1.50% | 1.56% | 1.97% | 2.13% | 2.60% | 1.30% | 2.03% | 2.02% |
SSMKX State Street Small/Mid Cap Equity Index Fund | 5.34% | 5.10% | 2.12% | 2.56% | 17.09% | 9.69% | 1.47% | 5.75% | 3.68% | 5.52% | 1.30% | 0.00% |
Drawdowns
PREIX vs. SSMKX - Drawdown Comparison
The maximum PREIX drawdown since its inception was -55.32%, which is greater than SSMKX's maximum drawdown of -41.65%. Use the drawdown chart below to compare losses from any high point for PREIX and SSMKX.
Loading graphics...
Drawdown Indicators
| PREIX | SSMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.32% | -41.65% | -13.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -14.48% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -35.19% | +10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.81% | -41.65% | +7.84% |
Current DrawdownCurrent decline from peak | -8.93% | -10.03% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -8.81% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.42% | -0.93% |
Volatility
PREIX vs. SSMKX - Volatility Comparison
The current volatility for T. Rowe Price Equity Index 500 Fund (PREIX) is 4.25%, while State Street Small/Mid Cap Equity Index Fund (SSMKX) has a volatility of 5.96%. This indicates that PREIX experiences smaller price fluctuations and is considered to be less risky than SSMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PREIX | SSMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 5.96% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 12.77% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 22.44% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 22.22% | -5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 22.20% | -4.14% |