SBEMX vs. SSKEX

Last updated Aug 1, 2026

SBEMX (Segall Bryant & Hamill Emerging Markets Fund) and SSKEX (State Street Emerging Markets Equity Index Fund) are both Emerging Markets Equities funds. Over the past 10 years, SBEMX returned 10.76%/yr vs 8.59%/yr for SSKEX. Their correlation of 0.89 means they have usually moved in the same direction. SBEMX charges 1.23%/yr vs 0.17%/yr for SSKEX.

Performance

SBEMX vs. SSKEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Segall Bryant & Hamill Emerging Markets Fund (SBEMX) and State Street Emerging Markets Equity Index Fund (SSKEX). 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 SBEMX having a 16.68% return and SSKEX slightly higher at 17.04%. Over the past 10 years, SBEMX has outperformed SSKEX with an annualized return of 10.76%, while SSKEX has yielded a comparatively lower 8.59% annualized return.

SBEMX

• 1D: 4.47%
• 1M: -3.16%
• 6M: 7.07%
• YTD: 16.68%
• 1Y: 35.63%
• 3Y*: 22.84%
• 5Y*: 12.17%
• 10Y*: 10.76%
• ALL TIME*: 6.79%

SSKEX

• 1D: 3.80%
• 1M: -4.28%
• 6M: 7.52%
• YTD: 17.04%
• 1Y: 35.41%
• 3Y*: 18.10%
• 5Y*: 7.28%
• 10Y*: 8.59%
• ALL TIME*: 9.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SBEMX Segall Bryant & Hamill Emerging Markets Fund	$0.00	$0.00	$0.00
SSKEX State Street Emerging Markets Equity Index Fund	$0.00	$0.00	$0.00

SBEMX vs. SSKEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBEMX Segall Bryant & Hamill Emerging Markets Fund	16.68%	35.14%	13.83%	20.64%	-16.04%	5.46%	7.17%	18.83%	-17.07%	36.08%
SSKEX State Street Emerging Markets Equity Index Fund	17.04%	33.79%	7.00%	9.50%	-20.23%	-2.80%	18.20%	18.16%	-14.78%	37.18%

Correlation

The correlation between SBEMX and SSKEX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.89

The correlation between SBEMX and SSKEX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

SBEMX vs. SSKEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SBEMX

SBEMX Risk / Return Rank: 54
SBEMX Sharpe Ratio Rank: 53
SBEMX Sortino Ratio Rank: 44
SBEMX Omega Ratio Rank: 59
SBEMX Calmar Ratio Rank: 62
SBEMX Martin Ratio Rank: 51

SSKEX

SSKEX Risk / Return Rank: 65
SSKEX Sharpe Ratio Rank: 65
SSKEX Sortino Ratio Rank: 59
SSKEX Omega Ratio Rank: 67
SSKEX Calmar Ratio Rank: 73
SSKEX Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SBEMX vs. SSKEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Emerging Markets Fund (SBEMX) and State Street Emerging Markets Equity Index Fund (SSKEX). 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.

	SBEMX	SSKEX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.55	-0.10
Sortino ratio: Return per unit of downside risk	1.92	2.09	-0.17
Omega ratio: Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio: Return relative to maximum drawdown	2.18	2.35	-0.17
Martin ratio: Return relative to average drawdown	7.26	7.62	-0.36

SBEMX vs. SSKEX - Sharpe Ratio Comparison

The current SBEMX Sharpe Ratio is 1.45, which is comparable to the SSKEX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of SBEMX and SSKEX, 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

SBEMX vs. SSKEX - Drawdown Comparison

The maximum SBEMX drawdown since its inception was -41.05%, roughly equal to the maximum SSKEX drawdown of -39.23%. Use the drawdown chart below to compare losses from any high point for SBEMX and SSKEX.

Drawdown Indicators

	SBEMX	SSKEX	Difference
Max Drawdown Largest peak-to-trough decline	-41.05%	-39.23%	-1.82%
Max Drawdown (1Y) Largest decline over 1 year	-15.29%	-13.74%	-1.55%
Max Drawdown (3Y) Largest decline over 3 years	-15.29%	-16.09%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-28.51%	-34.55%	+6.04%
Max Drawdown (10Y) Largest decline over 10 years	-41.05%	-39.23%	-1.82%
Current Drawdown Current decline from peak	-11.50%	-10.46%	-1.04%
Average Drawdown Average peak-to-trough decline	-12.39%	-13.16%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	4.23%	+0.35%

Volatility

SBEMX vs. SSKEX - Volatility Comparison

Segall Bryant & Hamill Emerging Markets Fund (SBEMX) has a higher volatility of 10.67% compared to State Street Emerging Markets Equity Index Fund (SSKEX) at 8.23%. This indicates that SBEMX's price experiences larger fluctuations and is considered to be riskier than SSKEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBEMX	SSKEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.67%	8.23%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	21.52%	18.96%	+2.56%
Volatility (1Y) Calculated over the trailing 1-year period	23.06%	20.90%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	17.34%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	17.64%	-0.54%

SBEMX vs. SSKEX - Expense Ratio Comparison

SBEMX has a 1.23% expense ratio, which is higher than SSKEX's 0.17% expense ratio.

Dividends

SBEMX vs. SSKEX - Dividend Comparison

SBEMX's dividend yield for the trailing twelve months is around 2.36%, less than SSKEX's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBEMX Segall Bryant & Hamill Emerging Markets Fund	2.36%	2.76%	6.69%	5.59%	4.19%	5.38%	1.77%	2.61%	3.32%	4.89%	2.09%	4.06%
SSKEX State Street Emerging Markets Equity Index Fund	2.44%	2.85%	2.90%	3.26%	3.90%	1.95%	1.84%	2.84%	3.01%	2.55%	2.29%	0.00%

Frequently Asked Questions

Can I hold both SBEMX and SSKEX in my portfolio?

SBEMX and SSKEX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBEMX or SSKEX?

SBEMX has higher volatility (10.67%) compared to SSKEX (8.23%). In terms of maximum drawdown, SBEMX dropped -41.05% vs SSKEX's -39.23%.

Which has better risk-adjusted returns?

SSKEX currently has the higher Sharpe Ratio (1.54 vs 1.45), 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.