SIVIX vs. ELFTX
Compare and contrast key facts about State Street Institutional Small-Cap Equity Fund (SIVIX) and Elfun Tax Exempt Income Fund (ELFTX).
SIVIX is managed by State Street. It was launched on Aug 3, 1998. ELFTX is managed by State Street. It was launched on Jan 1, 1980.
Performance
SIVIX vs. ELFTX - Performance Comparison
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SIVIX vs. ELFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVIX State Street Institutional Small-Cap Equity Fund | -3.53% | 0.64% | 10.83% | 14.23% | -14.99% | 21.48% | 15.19% | 26.69% | -10.13% | 13.22% |
ELFTX Elfun Tax Exempt Income Fund | -0.77% | 3.29% | -0.14% | 4.27% | -8.97% | 0.87% | 4.50% | 7.13% | 0.91% | 4.72% |
Returns By Period
In the year-to-date period, SIVIX achieves a -3.53% return, which is significantly lower than ELFTX's -0.77% return. Over the past 10 years, SIVIX has outperformed ELFTX with an annualized return of 8.69%, while ELFTX has yielded a comparatively lower 1.37% annualized return.
SIVIX
- 1D
- -0.63%
- 1M
- -8.80%
- YTD
- -3.53%
- 6M
- -3.97%
- 1Y
- 5.91%
- 3Y*
- 5.96%
- 5Y*
- 2.39%
- 10Y*
- 8.69%
ELFTX
- 1D
- 0.21%
- 1M
- -2.59%
- YTD
- -0.77%
- 6M
- 0.94%
- 1Y
- 3.35%
- 3Y*
- 1.40%
- 5Y*
- -0.22%
- 10Y*
- 1.37%
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SIVIX vs. ELFTX - Expense Ratio Comparison
SIVIX has a 0.75% expense ratio, which is higher than ELFTX's 0.21% expense ratio.
Return for Risk
SIVIX vs. ELFTX — Risk / Return Rank
SIVIX
ELFTX
SIVIX vs. ELFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Institutional Small-Cap Equity Fund (SIVIX) and Elfun Tax Exempt Income Fund (ELFTX). 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.
| SIVIX | ELFTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 0.79 | -0.53 |
Sortino ratioReturn per unit of downside risk | 0.54 | 1.08 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.85 | -0.60 |
Martin ratioReturn relative to average drawdown | 0.89 | 2.58 | -1.69 |
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
| SIVIX | ELFTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.79 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.06 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.36 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.71 | -0.29 |
Correlation
The correlation between SIVIX and ELFTX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SIVIX vs. ELFTX - Dividend Comparison
SIVIX's dividend yield for the trailing twelve months is around 18.23%, more than ELFTX's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIVIX State Street Institutional Small-Cap Equity Fund | 18.23% | 17.59% | 10.99% | 7.77% | 4.87% | 16.56% | 3.16% | 6.27% | 19.92% | 9.35% | 3.38% | 13.07% |
ELFTX Elfun Tax Exempt Income Fund | 3.70% | 3.99% | 2.66% | 2.88% | 3.09% | 2.61% | 3.24% | 3.78% | 4.09% | 4.00% | 4.00% | 3.82% |
Drawdowns
SIVIX vs. ELFTX - Drawdown Comparison
The maximum SIVIX drawdown since its inception was -56.52%, which is greater than ELFTX's maximum drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for SIVIX and ELFTX.
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Drawdown Indicators
| SIVIX | ELFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.52% | -19.15% | -37.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -5.23% | -8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -26.51% | -13.59% | -12.92% |
Max Drawdown (10Y)Largest decline over 10 years | -43.92% | -13.59% | -30.33% |
Current DrawdownCurrent decline from peak | -10.92% | -3.44% | -7.48% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -3.42% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 1.73% | +2.25% |
Volatility
SIVIX vs. ELFTX - Volatility Comparison
State Street Institutional Small-Cap Equity Fund (SIVIX) has a higher volatility of 5.42% compared to Elfun Tax Exempt Income Fund (ELFTX) at 1.04%. This indicates that SIVIX's price experiences larger fluctuations and is considered to be riskier than ELFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVIX | ELFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 1.04% | +4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 1.66% | +10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.99% | 5.12% | +16.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 3.86% | +16.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.09% | 3.84% | +17.25% |