PREIX vs. SSSYX

Last updated Jul 15, 2026

PREIX (T. Rowe Price Equity Index 500 Fund) and SSSYX (State Street Equity 500 Index Fund Class K) are both mutual funds - PREIX is a Large Cap Blend Equities fund tracking the S&P 500 Index, while SSSYX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, PREIX returned 14.93%/yr vs 44.91%/yr for SSSYX. With a 0.99 correlation, they move nearly in lockstep. PREIX charges 0.15%/yr vs 0.02%/yr for SSSYX.

Performance

PREIX vs. SSSYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Equity Index 500 Fund (PREIX) and State Street Equity 500 Index Fund Class K (SSSYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PREIX having a 10.35% return and SSSYX slightly higher at 10.45%. Over the past 10 years, PREIX has underperformed SSSYX with an annualized return of 14.93%, while SSSYX has yielded a comparatively higher 44.91% annualized return.

PREIX

• 1D: -0.79%
• 1M: 1.20%
• 6M: 8.44%
• YTD: 10.35%
• 1Y: 21.09%
• 3Y*: 19.96%
• 5Y*: 12.83%
• 10Y*: 14.93%

SSSYX

• 1D: -0.79%
• 1M: 1.21%
• 6M: 8.53%
• YTD: 10.45%
• 1Y: 21.27%
• 3Y*: 20.15%
• 5Y*: 13.00%
• 10Y*: 44.91%

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

PREIX vs. SSSYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PREIX T. Rowe Price Equity Index 500 Fund	10.35%	17.66%	24.78%	26.07%	-18.27%	28.48%	18.17%	31.47%	-4.59%	21.01%
SSSYX State Street Equity 500 Index Fund Class K	10.45%	17.81%	24.99%	26.27%	-18.16%	28.51%	1,083.11%	31.38%	-4.38%	21.61%

Correlation

The correlation between PREIX and SSSYX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014	0.99

The correlation between PREIX and SSSYX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

Return for Risk

PREIX vs. SSSYX — Risk / Return Rank

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

PREIX

PREIX Risk / Return Rank: 60
PREIX Sharpe Ratio Rank: 59
PREIX Sortino Ratio Rank: 55
PREIX Omega Ratio Rank: 56
PREIX Calmar Ratio Rank: 61
PREIX Martin Ratio Rank: 72

SSSYX

SSSYX Risk / Return Rank: 62
SSSYX Sharpe Ratio Rank: 60
SSSYX Sortino Ratio Rank: 56
SSSYX Omega Ratio Rank: 58
SSSYX Calmar Ratio Rank: 63
SSSYX Martin Ratio Rank: 74

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.

PREIX vs. SSSYX - 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 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.

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.

	PREIX	SSSYX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.72	-0.02
Sortino ratio: Return per unit of downside risk	2.35	2.37	-0.02
Omega ratio: Gain probability vs. loss probability	1.31	1.31	0.00
Calmar ratio: Return relative to maximum drawdown	2.39	2.42	-0.03
Martin ratio: Return relative to average drawdown	10.47	10.64	-0.16

PREIX vs. SSSYX - Sharpe Ratio Comparison

The current PREIX Sharpe Ratio is 1.70, which is comparable to the SSSYX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of PREIX and SSSYX, 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

PREIX vs. SSSYX - Drawdown Comparison

The maximum PREIX drawdown since its inception was -55.32%, which is greater than SSSYX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for PREIX and SSSYX.

Drawdown Indicators

	PREIX	SSSYX	Difference
Max Drawdown Largest peak-to-trough decline	-55.32%	-33.77%	-21.55%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-8.88%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-18.78%	-18.74%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-24.49%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-33.81%	-33.77%	-0.04%
Current Drawdown Current decline from peak	-1.13%	-1.11%	-0.02%
Average Drawdown Average peak-to-trough decline	-8.70%	-3.90%	-4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.02%	+0.01%

Volatility

PREIX vs. SSSYX - Volatility Comparison

T. Rowe Price Equity Index 500 Fund (PREIX) and State Street Equity 500 Index Fund Class K (SSSYX) have volatilities of 3.97% and 3.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PREIX	SSSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	3.97%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	9.98%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	12.56%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.11%	16.99%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	121.18%	-103.09%

PREIX vs. SSSYX - Expense Ratio Comparison

PREIX has a 0.15% expense ratio, which is higher than SSSYX's 0.02% 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%.

Dividends

PREIX vs. SSSYX - Dividend Comparison

PREIX's dividend yield for the trailing twelve months is around 2.14%, more than SSSYX's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PREIX T. Rowe Price Equity Index 500 Fund	2.14%	2.32%	1.17%	1.32%	1.50%	1.56%	1.97%	2.13%	2.60%	1.30%	2.03%	2.02%
SSSYX State Street Equity 500 Index Fund Class K	1.31%	1.44%	1.63%	1.78%	2.16%	2.76%	1.86%	4.44%	5.18%	5.94%	2.07%	1.84%

Frequently Asked Questions

Can I hold both PREIX and SSSYX in my portfolio?

With a correlation of 1.00, PREIX and SSSYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PREIX or SSSYX?

SSSYX has higher volatility (3.97%) compared to PREIX (3.97%). In terms of maximum drawdown, PREIX dropped -55.32% vs SSSYX's -33.77%.

Which has better risk-adjusted returns?

SSSYX currently has the higher Sharpe Ratio (1.72 vs 1.70), 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.