SSAQX vs. ELFNX

Last updated Apr 2, 2026

Compare and contrast key facts about State Street U.S. Core Equity Fund (SSAQX) and Elfun Trusts (ELFNX).

SSAQX is managed by State Street. It was launched on Dec 31, 1979. ELFNX is managed by State Street. It was launched on May 27, 1935.

Performance

SSAQX vs. ELFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street U.S. Core Equity Fund (SSAQX) and Elfun Trusts (ELFNX). The values are adjusted to include any dividend payments, if applicable.

SSAQX vs. ELFNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SSAQX State Street U.S. Core Equity Fund	-6.11%	17.43%	5.04%	28.87%	-18.27%	12.02%
ELFNX Elfun Trusts	-6.72%	16.64%	26.91%	34.50%	-19.91%	9.65%

Returns By Period

In the year-to-date period, SSAQX achieves a -6.11% return, which is significantly higher than ELFNX's -6.72% return.

SSAQX

• 1D: 2.95%
• 1M: -5.23%
• YTD: -6.11%
• 6M: -3.50%
• 1Y: 16.29%
• 3Y*: 11.81%
• 5Y*: —
• 10Y*: —

ELFNX

• 1D: 2.96%
• 1M: -5.04%
• YTD: -6.72%
• 6M: -4.01%
• 1Y: 15.73%
• 3Y*: 20.04%
• 5Y*: 11.28%
• 10Y*: 15.18%

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

SSAQX vs. ELFNX - Expense Ratio Comparison

SSAQX has a 0.16% expense ratio, which is lower than ELFNX's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ELFNX

Elfun Trusts

SSAQX

State Street U.S. Core Equity Fund

Return for Risk

SSAQX vs. ELFNX — Risk / Return Rank

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

SSAQX

SSAQX Risk / Return Rank: 51
SSAQX Sharpe Ratio Rank: 42
SSAQX Sortino Ratio Rank: 47
SSAQX Omega Ratio Rank: 47
SSAQX Calmar Ratio Rank: 59
SSAQX Martin Ratio Rank: 60

ELFNX

ELFNX Risk / Return Rank: 47
ELFNX Sharpe Ratio Rank: 39
ELFNX Sortino Ratio Rank: 42
ELFNX Omega Ratio Rank: 42
ELFNX Calmar Ratio Rank: 58
ELFNX Martin Ratio Rank: 52

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.

SSAQX vs. ELFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street U.S. Core Equity Fund (SSAQX) and Elfun Trusts (ELFNX). 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.

	SSAQX	ELFNX	Difference
Sharpe ratio Return per unit of total volatility	0.92	0.87	+0.06
Sortino ratio Return per unit of downside risk	1.43	1.34	+0.08
Omega ratio Gain probability vs. loss probability	1.21	1.20	+0.02
Calmar ratio Return relative to maximum drawdown	1.49	1.43	+0.06
Martin ratio Return relative to average drawdown	6.02	5.34	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSAQX vs. ELFNX - Sharpe Ratio Comparison

The current SSAQX Sharpe Ratio is 0.92, which is comparable to the ELFNX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of SSAQX and ELFNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SSAQX	ELFNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	0.87	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.58	-0.23

Correlation

The correlation between SSAQX and ELFNX is 0.99, 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

SSAQX vs. ELFNX - Dividend Comparison

SSAQX's dividend yield for the trailing twelve months is around 12.80%, more than ELFNX's 10.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSAQX State Street U.S. Core Equity Fund	12.80%	12.02%	0.00%	3.83%	9.83%	13.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ELFNX Elfun Trusts	10.58%	9.87%	10.43%	2.90%	9.01%	11.62%	8.60%	9.39%	16.18%	10.80%	8.85%	8.22%

Drawdowns

SSAQX vs. ELFNX - Drawdown Comparison

The maximum SSAQX drawdown since its inception was -31.70%, smaller than the maximum ELFNX drawdown of -50.28%. Use the drawdown chart below to compare losses from any high point for SSAQX and ELFNX.

Drawdown Indicators

	SSAQX	ELFNX	Difference
Max Drawdown Largest peak-to-trough decline	-31.70%	-50.28%	+18.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-11.48%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.44%	—
Current Drawdown Current decline from peak	-10.84%	-8.78%	-2.06%
Average Drawdown Average peak-to-trough decline	-8.28%	-7.65%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.06%	-0.22%

Volatility

SSAQX vs. ELFNX - Volatility Comparison

State Street U.S. Core Equity Fund (SSAQX) and Elfun Trusts (ELFNX) have volatilities of 5.43% and 5.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSAQX	ELFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	5.49%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	10.01%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	18.56%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.06%	17.92%	+1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	18.38%	+0.68%