SIVIX vs. SVSPX
Compare and contrast key facts about State Street Institutional Small-Cap Equity Fund (SIVIX) and State Street S&P 500 Index Fund Class N (SVSPX).
SIVIX is managed by State Street. It was launched on Aug 3, 1998. SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992.
Performance
SIVIX vs. SVSPX - Performance Comparison
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SIVIX vs. SVSPX - 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% |
SVSPX State Street S&P 500 Index Fund Class N | -7.09% | 17.83% | 25.07% | 26.21% | -18.31% | 28.38% | 18.48% | 31.27% | -4.87% | 21.71% |
Returns By Period
In the year-to-date period, SIVIX achieves a -3.53% return, which is significantly higher than SVSPX's -7.09% return. Over the past 10 years, SIVIX has underperformed SVSPX with an annualized return of 8.69%, while SVSPX has yielded a comparatively higher 13.59% 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%
SVSPX
- 1D
- -2.06%
- 1M
- -8.10%
- YTD
- -7.09%
- 6M
- -4.55%
- 1Y
- 14.41%
- 3Y*
- 17.15%
- 5Y*
- 11.29%
- 10Y*
- 13.59%
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SIVIX vs. SVSPX - Expense Ratio Comparison
SIVIX has a 0.75% expense ratio, which is higher than SVSPX's 0.16% expense ratio.
Return for Risk
SIVIX vs. SVSPX — Risk / Return Rank
SIVIX
SVSPX
SIVIX vs. SVSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Institutional Small-Cap Equity Fund (SIVIX) and State Street S&P 500 Index Fund Class N (SVSPX). 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 | SVSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 0.77 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.54 | 1.29 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 0.30 | -0.05 |
Martin ratioReturn relative to average drawdown | 0.89 | 1.15 | -0.26 |
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 | SVSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.77 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.68 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.76 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.55 | -0.14 |
Correlation
The correlation between SIVIX and SVSPX is 0.82, 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
SIVIX vs. SVSPX - Dividend Comparison
SIVIX's dividend yield for the trailing twelve months is around 18.23%, more than SVSPX's 8.93% 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% |
SVSPX State Street S&P 500 Index Fund Class N | 8.93% | 8.28% | 9.39% | 12.38% | 10.53% | 11.65% | 15.98% | 6.40% | 13.29% | 4.94% | 8.63% | 4.05% |
Drawdowns
SIVIX vs. SVSPX - Drawdown Comparison
The maximum SIVIX drawdown since its inception was -56.52%, roughly equal to the maximum SVSPX drawdown of -55.76%. Use the drawdown chart below to compare losses from any high point for SIVIX and SVSPX.
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Drawdown Indicators
| SIVIX | SVSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.52% | -55.76% | -0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -12.15% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.51% | -24.59% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -43.92% | -33.69% | -10.23% |
Current DrawdownCurrent decline from peak | -10.92% | -8.93% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -9.28% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 4.99% | -1.01% |
Volatility
SIVIX vs. SVSPX - Volatility Comparison
State Street Institutional Small-Cap Equity Fund (SIVIX) has a higher volatility of 5.42% compared to State Street S&P 500 Index Fund Class N (SVSPX) at 3.96%. This indicates that SIVIX's price experiences larger fluctuations and is considered to be riskier than SVSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVIX | SVSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 3.96% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 9.32% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.99% | 20.53% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 17.36% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.09% | 18.28% | +2.81% |