RICGX vs. SSHQX
RICGX ( The Investment Company of America Class R-6) and SSHQX (State Street Hedged International Developed Equity Index Fund) are both mutual funds - RICGX is a Large Cap Blend Equities fund actively managed by American Funds, while SSHQX is a Foreign Large Cap Equities fund managed by State Street. Over the past 10 years, RICGX returned 14.69%/yr vs -10.86%/yr for SSHQX. A 0.72 correlation means they provide meaningful diversification when combined. RICGX charges 0.27%/yr vs 0.20%/yr for SSHQX.
Performance
RICGX vs. SSHQX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RICGX having a 10.26% return and SSHQX slightly higher at 10.27%. Over the past 10 years, RICGX has outperformed SSHQX with an annualized return of 14.69%, while SSHQX has yielded a comparatively lower -10.86% annualized return.
RICGX
- 1D
- -0.69%
- 1M
- 3.85%
- YTD
- 10.26%
- 6M
- 10.23%
- 1Y
- 25.64%
- 3Y*
- 24.29%
- 5Y*
- 15.04%
- 10Y*
- 14.69%
SSHQX
- 1D
- 0.06%
- 1M
- 3.92%
- YTD
- 10.27%
- 6M
- 12.09%
- 1Y
- 24.68%
- 3Y*
- 18.10%
- 5Y*
- 13.24%
- 10Y*
- -10.86%
RICGX vs. SSHQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RICGX The Investment Company of America Class R-6 | 10.26% | 20.83% | 25.28% | 28.94% | -15.24% | 25.49% | 14.48% | 24.88% | -6.69% | 19.87% |
SSHQX State Street Hedged International Developed Equity Index Fund | 10.27% | 23.42% | 13.71% | 19.74% | -4.73% | 19.32% | -89.75% | 24.83% | -9.27% | 16.85% |
Correlation
The correlation between RICGX and SSHQX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.72 |
The correlation between RICGX and SSHQX has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
RICGX vs. SSHQX — Risk / Return Rank
RICGX
SSHQX
RICGX vs. SSHQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Investment Company of America Class R-6 (RICGX) and State Street Hedged International Developed Equity Index Fund (SSHQX). 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.
| RICGX | SSHQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.42 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.58 | +0.04 |
| Martin ratioReturn relative to average drawdown | 11.92 | 10.76 | +1.16 |
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
| RICGX | SSHQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.11 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.99 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | -0.34 | +1.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | -0.34 | +1.24 |
Drawdowns
RICGX vs. SSHQX - Drawdown Comparison
The maximum RICGX drawdown since its inception was -31.06%, smaller than the maximum SSHQX drawdown of -92.12%. Use the drawdown chart below to compare losses from any high point for RICGX and SSHQX.
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Drawdown Indicators
| RICGX | SSHQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.06% | -92.12% | +61.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -9.69% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.37% | -13.99% | -3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -14.79% | -9.35% |
Max Drawdown (10Y)Largest decline over 10 years | -31.06% | -92.12% | +61.06% |
Current DrawdownCurrent decline from peak | -0.69% | -78.96% | +78.27% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -52.30% | +48.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.32% | -0.12% |
Volatility
RICGX vs. SSHQX - Volatility Comparison
The Investment Company of America Class R-6 (RICGX) and State Street Hedged International Developed Equity Index Fund (SSHQX) have volatilities of 3.36% and 3.37%, 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.
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Volatility by Period
| RICGX | SSHQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.37% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 9.72% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 11.84% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 13.42% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 32.23% | -15.65% |
RICGX vs. SSHQX - Expense Ratio Comparison
RICGX has a 0.27% expense ratio, which is higher than SSHQX's 0.20% 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
RICGX vs. SSHQX - Dividend Comparison
RICGX's dividend yield for the trailing twelve months is around 9.92%, more than SSHQX's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RICGX The Investment Company of America Class R-6 | 9.92% | 10.89% | 9.59% | 5.25% | 6.45% | 7.24% | 1.68% | 6.74% | 11.60% | 7.36% | 5.77% | 9.70% |
SSHQX State Street Hedged International Developed Equity Index Fund | 3.27% | 3.60% | 3.11% | 3.77% | 22.27% | 2.93% | 2.03% | 5.14% | 7.33% | 3.12% | 4.30% | 0.00% |
Frequently Asked Questions
RICGX and SSHQX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSHQX has higher volatility (3.37%) compared to RICGX (3.36%). In terms of maximum drawdown, RICGX dropped -31.06% vs SSHQX's -92.12%.
SSHQX currently has the higher Sharpe Ratio (2.11 vs 2.11), 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.
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