RICGX vs. SSHQX

Last updated Apr 2, 2026

Compare and contrast key facts about The Investment Company of America Class R-6 (RICGX) and State Street Hedged International Developed Equity Index Fund (SSHQX).

RICGX is an actively managed fund by American Funds. It was launched on Jan 1, 1934. SSHQX is managed by State Street. It was launched on May 29, 2015.

Performance

RICGX vs. SSHQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Investment Company of America Class R-6 (RICGX) and State Street Hedged International Developed Equity Index Fund (SSHQX). The values are adjusted to include any dividend payments, if applicable.

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	-4.81%	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	2.41%	23.42%	13.71%	19.74%	-4.73%	19.32%	-89.75%	24.83%	-9.27%	16.85%

Returns By Period

In the year-to-date period, RICGX achieves a -4.81% return, which is significantly lower than SSHQX's 2.41% return. Over the past 10 years, RICGX has outperformed SSHQX with an annualized return of 13.38%, while SSHQX has yielded a comparatively lower -11.24% annualized return.

RICGX

• 1D: 3.05%
• 1M: -5.88%
• YTD: -4.81%
• 6M: -3.07%
• 1Y: 17.99%
• 3Y*: 20.41%
• 5Y*: 12.79%
• 10Y*: 13.38%

SSHQX

• 1D: 1.89%
• 1M: -4.81%
• YTD: 2.41%
• 6M: 8.34%
• 1Y: 21.02%
• 3Y*: 16.59%
• 5Y*: 12.47%
• 10Y*: -11.24%

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

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%.

RICGX

The Investment Company of America Class R-6

SSHQX

State Street Hedged International Developed Equity Index Fund

Return for Risk

RICGX vs. SSHQX — Risk / Return Rank

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

RICGX

RICGX Risk / Return Rank: 62
RICGX Sharpe Ratio Rank: 53
RICGX Sortino Ratio Rank: 58
RICGX Omega Ratio Rank: 57
RICGX Calmar Ratio Rank: 70
RICGX Martin Ratio Rank: 72

SSHQX

SSHQX Risk / Return Rank: 73
SSHQX Sharpe Ratio Rank: 73
SSHQX Sortino Ratio Rank: 72
SSHQX Omega Ratio Rank: 76
SSHQX Calmar Ratio Rank: 71
SSHQX Martin Ratio Rank: 73

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.

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 ratio Return per unit of total volatility	1.06	1.36	-0.31
Sortino ratio Return per unit of downside risk	1.61	1.89	-0.28
Omega ratio Gain probability vs. loss probability	1.23	1.30	-0.07
Calmar ratio Return relative to maximum drawdown	1.75	1.77	-0.02
Martin ratio Return relative to average drawdown	7.32	7.39	-0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RICGX vs. SSHQX - Sharpe Ratio Comparison

The current RICGX Sharpe Ratio is 1.06, which is comparable to the SSHQX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of RICGX and SSHQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RICGX	SSHQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.36	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.94	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	-0.35	+1.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	-0.36	+1.21

Correlation

The correlation between RICGX and SSHQX is 0.73, 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

RICGX vs. SSHQX - Dividend Comparison

RICGX's dividend yield for the trailing twelve months is around 11.49%, more than SSHQX's 3.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RICGX The Investment Company of America Class R-6	11.49%	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	3.52%	3.60%	3.11%	3.77%	22.27%	2.93%	2.03%	5.14%	7.33%	3.12%	4.30%	0.00%

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.

Drawdown Indicators

	RICGX	SSHQX	Difference
Max Drawdown Largest peak-to-trough decline	-31.06%	-92.12%	+61.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	-11.15%	+0.39%
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 Drawdown Current decline from peak	-7.28%	-80.46%	+73.18%
Average Drawdown Average peak-to-trough decline	-3.72%	-51.83%	+48.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.74%	-0.17%

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 5.76% and 6.05%, 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

	RICGX	SSHQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	6.05%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	9.40%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	17.59%	15.69%	+1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	13.32%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	32.23%	-15.68%