RICGX vs. SSHQX

Last updated Jun 26, 2026

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 14.75%/yr vs 13.10%/yr for SSHQX. A 0.73 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

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.

Returns By Period

In the year-to-date period, RICGX achieves a 8.05% return, which is significantly lower than SSHQX's 11.96% return. Over the past 10 years, RICGX has outperformed SSHQX with an annualized return of 14.75%, while SSHQX has yielded a comparatively lower 13.10% annualized return.

RICGX

• 1D: 0.25%
• 1M: -1.20%
• YTD: 8.05%
• 6M: 7.14%
• 1Y: 20.31%
• 3Y*: 23.01%
• 5Y*: 14.49%
• 10Y*: 14.75%

SSHQX

• 1D: -0.04%
• 1M: 1.59%
• YTD: 11.96%
• 6M: 12.39%
• 1Y: 28.16%
• 3Y*: 18.93%
• 5Y*: 13.41%
• 10Y*: 13.10%

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

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	8.05%	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	11.96%	23.42%	13.71%	19.74%	-4.73%	19.32%	2.47%	24.83%	-9.27%	16.85%

Correlation

The correlation between RICGX and SSHQX is 0.68, 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	0.68
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 4, 2016	0.73

The correlation between RICGX and SSHQX has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

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: 41
RICGX Sharpe Ratio Rank: 40
RICGX Sortino Ratio Rank: 38
RICGX Omega Ratio Rank: 40
RICGX Calmar Ratio Rank: 38
RICGX Martin Ratio Rank: 51

SSHQX

SSHQX Risk / Return Rank: 77
SSHQX Sharpe Ratio Rank: 80
SSHQX Sortino Ratio Rank: 78
SSHQX Omega Ratio Rank: 80
SSHQX Calmar Ratio Rank: 72
SSHQX Martin Ratio Rank: 76

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.

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.

	RICGX	SSHQX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.24	-0.70
Sortino ratio: Return per unit of downside risk	2.15	3.13	-0.98
Omega ratio: Gain probability vs. loss probability	1.28	1.44	-0.16
Calmar ratio: Return relative to maximum drawdown	2.03	2.86	-0.83
Martin ratio: Return relative to average drawdown	8.93	11.93	-3.00

RICGX vs. SSHQX - Sharpe Ratio Comparison

The current RICGX Sharpe Ratio is 1.55, which is lower than the SSHQX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of RICGX and SSHQX, 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

RICGX vs. SSHQX - Drawdown Comparison

The maximum RICGX drawdown since its inception was -31.06%, roughly equal to the maximum SSHQX drawdown of -31.84%. 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%	-31.84%	+0.78%
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%	-31.84%	+0.78%
Current Drawdown Current decline from peak	-2.68%	-1.30%	-1.38%
Average Drawdown Average peak-to-trough decline	-3.68%	-3.34%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.32%	-0.04%

Volatility

RICGX vs. SSHQX - Volatility Comparison

The Investment Company of America Class R-6 (RICGX) has a higher volatility of 5.12% compared to State Street Hedged International Developed Equity Index Fund (SSHQX) at 4.09%. This indicates that RICGX's price experiences larger fluctuations and is considered to be riskier than SSHQX based on this measure. 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	5.12%	4.09%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	10.26%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	12.35%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	13.50%	+2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	15.02%	+1.58%

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 9.57%, more than SSHQX's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RICGX The Investment Company of America Class R-6	9.57%	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	3.22%	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

Can I hold both RICGX and SSHQX in my portfolio?

RICGX and SSHQX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RICGX or SSHQX?

RICGX has higher volatility (5.12%) compared to SSHQX (4.09%). In terms of maximum drawdown, RICGX dropped -31.06% vs SSHQX's -31.84%.

Which has better risk-adjusted returns?

SSHQX currently has the higher Sharpe Ratio (2.24 vs 1.55), 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.