SRVEX vs. SSSYX

Last updated Jun 24, 2026

SRVEX (Victory Diversified Stock Fund) and SSSYX (State Street Equity 500 Index Fund Class K) are both mutual funds - SRVEX is a Large Cap Blend Equities fund managed by Victory, while SSSYX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SRVEX returned 15.00%/yr vs 45.70%/yr for SSSYX. Their correlation of 0.95 suggests significant overlap in exposure. SRVEX charges 1.07%/yr vs 0.02%/yr for SSSYX.

Performance

SRVEX vs. SSSYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Diversified Stock Fund (SRVEX) and State Street Equity 500 Index Fund Class K (SSSYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SRVEX having a 10.09% return and SSSYX slightly lower at 9.78%. Over the past 10 years, SRVEX has underperformed SSSYX with an annualized return of 15.00%, while SSSYX has yielded a comparatively higher 45.70% annualized return.

SRVEX

• 1D: 0.08%
• 1M: 0.88%
• YTD: 10.09%
• 6M: 8.92%
• 1Y: 30.79%
• 3Y*: 23.48%
• 5Y*: 15.57%
• 10Y*: 15.00%

SSSYX

• 1D: -0.36%
• 1M: 0.10%
• YTD: 9.78%
• 6M: 8.78%
• 1Y: 25.47%
• 3Y*: 21.36%
• 5Y*: 13.57%
• 10Y*: 45.70%

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

SRVEX vs. SSSYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRVEX Victory Diversified Stock Fund	10.09%	23.27%	26.33%	24.85%	-18.72%	35.54%	13.60%	29.26%	-13.53%	27.38%
SSSYX State Street Equity 500 Index Fund Class K	9.78%	17.81%	24.99%	26.27%	-18.16%	28.51%	1,083.11%	31.38%	-4.38%	21.61%

Correlation

The correlation between SRVEX and SSSYX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014	0.95

The correlation between SRVEX and SSSYX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

SRVEX vs. SSSYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRVEX

SRVEX Risk / Return Rank: 79
SRVEX Sharpe Ratio Rank: 79
SRVEX Sortino Ratio Rank: 75
SRVEX Omega Ratio Rank: 71
SRVEX Calmar Ratio Rank: 82
SRVEX Martin Ratio Rank: 89

SSSYX

SSSYX Risk / Return Rank: 65
SSSYX Sharpe Ratio Rank: 63
SSSYX Sortino Ratio Rank: 57
SSSYX Omega Ratio Rank: 59
SSSYX Calmar Ratio Rank: 68
SSSYX Martin Ratio Rank: 78

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.

SRVEX vs. SSSYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Diversified Stock Fund (SRVEX) and State Street Equity 500 Index Fund Class K (SSSYX). 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.

	SRVEX	SSSYX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.15	+0.27
Sortino ratio: Return per unit of downside risk	3.29	2.91	+0.39
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.04
Calmar ratio: Return relative to maximum drawdown	3.58	3.02	+0.56
Martin ratio: Return relative to average drawdown	16.25	13.62	+2.63

SRVEX vs. SSSYX - Sharpe Ratio Comparison

The current SRVEX Sharpe Ratio is 2.42, which is comparable to the SSSYX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of SRVEX and SSSYX, 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

SRVEX vs. SSSYX - Drawdown Comparison

The maximum SRVEX drawdown since its inception was -52.63%, which is greater than SSSYX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for SRVEX and SSSYX.

Drawdown Indicators

	SRVEX	SSSYX	Difference
Max Drawdown Largest peak-to-trough decline	-52.63%	-33.77%	-18.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-8.88%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-19.24%	-18.74%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-32.52%	-24.49%	-8.03%
Max Drawdown (10Y) Largest decline over 10 years	-37.30%	-33.77%	-3.53%
Current Drawdown Current decline from peak	-0.49%	-1.72%	+1.23%
Average Drawdown Average peak-to-trough decline	-7.74%	-3.91%	-3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.96%	-0.01%

Volatility

SRVEX vs. SSSYX - Volatility Comparison

The current volatility for Victory Diversified Stock Fund (SRVEX) is 4.43%, while State Street Equity 500 Index Fund Class K (SSSYX) has a volatility of 4.67%. This indicates that SRVEX experiences smaller price fluctuations and is considered to be less risky than SSSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRVEX	SSSYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.67%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	9.83%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	12.49%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.80%	16.98%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.60%	121.18%	-100.58%

SRVEX vs. SSSYX - Expense Ratio Comparison

SRVEX has a 1.07% expense ratio, which is higher than SSSYX's 0.02% expense ratio.

Dividends

SRVEX vs. SSSYX - Dividend Comparison

SRVEX's dividend yield for the trailing twelve months is around 10.55%, more than SSSYX's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SRVEX Victory Diversified Stock Fund	10.55%	11.62%	10.70%	10.44%	10.35%	14.74%	2.59%	6.95%	13.60%	23.17%	2.02%	10.19%
SSSYX State Street Equity 500 Index Fund Class K	1.31%	1.44%	1.63%	1.78%	2.16%	2.76%	1.86%	4.44%	5.18%	5.94%	2.07%	1.84%

Frequently Asked Questions

Can I hold both SRVEX and SSSYX in my portfolio?

With a correlation of 0.96, SRVEX and SSSYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SRVEX or SSSYX?

SSSYX has higher volatility (4.67%) compared to SRVEX (4.43%). In terms of maximum drawdown, SRVEX dropped -52.63% vs SSSYX's -33.77%.

Which has better risk-adjusted returns?

SRVEX currently has the higher Sharpe Ratio (2.42 vs 2.15), 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.