SIVIX vs. SWSSX
Compare and contrast key facts about State Street Institutional Small-Cap Equity Fund (SIVIX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX).
SIVIX is managed by State Street. It was launched on Aug 3, 1998. SWSSX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 2000 Index. It was launched on May 19, 1997.
Performance
SIVIX vs. SWSSX - Performance Comparison
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SIVIX vs. SWSSX - 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | -2.49% | 12.88% | 11.57% | 17.07% | -20.43% | 14.77% | 20.12% | 25.63% | -11.19% | 14.76% |
Returns By Period
In the year-to-date period, SIVIX achieves a -3.53% return, which is significantly lower than SWSSX's -2.49% return. Over the past 10 years, SIVIX has underperformed SWSSX with an annualized return of 8.69%, while SWSSX has yielded a comparatively higher 9.50% 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%
SWSSX
- 1D
- -1.45%
- 1M
- -8.18%
- YTD
- -2.49%
- 6M
- -0.36%
- 1Y
- 21.55%
- 3Y*
- 11.83%
- 5Y*
- 3.10%
- 10Y*
- 9.50%
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SIVIX vs. SWSSX - Expense Ratio Comparison
SIVIX has a 0.75% expense ratio, which is higher than SWSSX's 0.04% expense ratio.
Return for Risk
SIVIX vs. SWSSX — Risk / Return Rank
SIVIX
SWSSX
SIVIX vs. SWSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Institutional Small-Cap Equity Fund (SIVIX) and Schwab Small-Cap Index Fund-Select Shares (SWSSX). 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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.26 | 0.91 | -0.65 |
Sortino ratioReturn per unit of downside risk | 0.54 | 1.40 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.18 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.26 | 1.33 | -1.07 |
Martin ratioReturn relative to average drawdown | 0.89 | 5.02 | -4.13 |
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 | SWSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.91 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.14 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.40 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.33 | +0.08 |
Correlation
The correlation between SIVIX and SWSSX is 0.96, 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. SWSSX - Dividend Comparison
SIVIX's dividend yield for the trailing twelve months is around 18.23%, more than SWSSX's 1.32% 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% |
SWSSX Schwab Small-Cap Index Fund-Select Shares | 1.32% | 1.29% | 1.66% | 1.49% | 1.32% | 8.88% | 2.55% | 6.12% | 10.45% | 5.22% | 4.10% | 6.92% |
Drawdowns
SIVIX vs. SWSSX - Drawdown Comparison
The maximum SIVIX drawdown since its inception was -56.52%, smaller than the maximum SWSSX drawdown of -60.34%. Use the drawdown chart below to compare losses from any high point for SIVIX and SWSSX.
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Drawdown Indicators
| SIVIX | SWSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.52% | -60.34% | +3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -13.90% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.51% | -31.93% | +5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -43.92% | -41.81% | -2.11% |
Current DrawdownCurrent decline from peak | -10.92% | -11.00% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -10.78% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 3.68% | +0.30% |
Volatility
SIVIX vs. SWSSX - Volatility Comparison
The current volatility for State Street Institutional Small-Cap Equity Fund (SIVIX) is 5.42%, while Schwab Small-Cap Index Fund-Select Shares (SWSSX) has a volatility of 6.59%. This indicates that SIVIX experiences smaller price fluctuations and is considered to be less risky than SWSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVIX | SWSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 6.59% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 14.12% | -1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.99% | 23.11% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 22.57% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.09% | 24.03% | -2.94% |