SSAQX vs. SSAIX

Last updated Aug 1, 2026

SSAQX (State Street U.S. Core Equity Fund) and SSAIX (State Street International Stock Selection Fund) are both mutual funds - SSAQX is a Large Cap Blend Equities fund managed by State Street, while SSAIX is a Foreign Large Cap Equities fund managed by State Street. Over the past 5 years, SSAQX returned 8.13%/yr vs 10.56%/yr for SSAIX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. SSAQX charges 0.16%/yr vs 1.00%/yr for SSAIX.

Performance

SSAQX vs. SSAIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SSAQX achieves a 6.53% return, which is significantly lower than SSAIX's 14.25% return.

SSAQX

• 1D: 2.04%
• 1M: -0.21%
• 6M: 5.25%
• YTD: 6.53%
• 1Y: 16.64%
• 3Y*: 11.79%
• 5Y*: 8.13%
• 10Y*: —
• ALL TIME*: 8.83%

SSAIX

• 1D: 2.63%
• 1M: 2.76%
• 6M: 7.92%
• YTD: 14.25%
• 1Y: 23.01%
• 3Y*: 18.51%
• 5Y*: 10.56%
• 10Y*: 8.61%
• ALL TIME*: 5.18%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SSAIX State Street International Stock Selection Fund	$0.00	$0.00	$0.00
SSAQX State Street U.S. Core Equity Fund	$0.00	$0.00	$0.00

SSAQX vs. SSAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SSAQX State Street U.S. Core Equity Fund	6.53%	17.43%	5.04%	28.87%	-18.27%	12.02%
SSAIX State Street International Stock Selection Fund	14.25%	31.50%	7.90%	17.53%	-13.60%	0.38%

Correlation

The correlation between SSAQX and SSAIX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (All Time) Calculated using the full available price history since May 24, 2021	0.61

The correlation between SSAQX and SSAIX shifts across timeframes, from 0.51 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SSAQX vs. SSAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SSAQX

SSAQX Risk / Return Rank: 35
SSAQX Sharpe Ratio Rank: 37
SSAQX Sortino Ratio Rank: 35
SSAQX Omega Ratio Rank: 35
SSAQX Calmar Ratio Rank: 31
SSAQX Martin Ratio Rank: 39

SSAIX

SSAIX Risk / Return Rank: 59
SSAIX Sharpe Ratio Rank: 58
SSAIX Sortino Ratio Rank: 46
SSAIX Omega Ratio Rank: 67
SSAIX Calmar Ratio Rank: 75
SSAIX Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSAQX vs. SSAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street U.S. Core Equity Fund (SSAQX) and State Street International Stock Selection Fund (SSAIX). 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.

	SSAQX	SSAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.45	-0.34
Sortino ratio: Return per unit of downside risk	1.60	1.87	-0.27
Omega ratio: Gain probability vs. loss probability	1.20	1.30	-0.10
Calmar ratio: Return relative to maximum drawdown	1.35	2.46	-1.11
Martin ratio: Return relative to average drawdown	5.55	6.90	-1.35

SSAQX vs. SSAIX - Sharpe Ratio Comparison

The current SSAQX Sharpe Ratio is 1.11, which is comparable to the SSAIX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of SSAQX and SSAIX, 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

SSAQX vs. SSAIX - Drawdown Comparison

The maximum SSAQX drawdown since its inception was -31.70%, smaller than the maximum SSAIX drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for SSAQX and SSAIX.

Drawdown Indicators

	SSAQX	SSAIX	Difference
Max Drawdown Largest peak-to-trough decline	-31.70%	-61.30%	+29.60%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-10.98%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-31.70%	-13.00%	-18.70%
Max Drawdown (5Y) Largest decline over 5 years	-31.70%	-29.25%	-2.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.34%	—
Current Drawdown Current decline from peak	-1.84%	0.00%	-1.84%
Average Drawdown Average peak-to-trough decline	-7.88%	-15.74%	+7.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	3.61%	-0.99%

Volatility

SSAQX vs. SSAIX - Volatility Comparison

The current volatility for State Street U.S. Core Equity Fund (SSAQX) is 3.77%, while State Street International Stock Selection Fund (SSAIX) has a volatility of 4.52%. This indicates that SSAQX experiences smaller price fluctuations and is considered to be less risky than SSAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSAQX	SSAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	4.52%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	12.59%	-2.27%
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	18.60%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	16.90%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.76%	16.76%	+2.00%

SSAQX vs. SSAIX - Expense Ratio Comparison

SSAQX has a 0.16% expense ratio, which is lower than SSAIX's 1.00% expense ratio.

Dividends

SSAQX vs. SSAIX - Dividend Comparison

SSAQX's dividend yield for the trailing twelve months is around 11.28%, while SSAIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSAIX State Street International Stock Selection Fund	0.00%	0.00%	3.64%	5.68%	3.47%	4.55%	1.88%	3.34%	5.99%	3.63%	2.74%	2.55%
SSAQX State Street U.S. Core Equity Fund	11.28%	12.02%	0.00%	3.83%	9.83%	13.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SSAQX and SSAIX in my portfolio?

SSAQX and SSAIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSAQX or SSAIX?

SSAIX has higher volatility (4.52%) compared to SSAQX (3.77%). In terms of maximum drawdown, SSAQX dropped -31.70% vs SSAIX's -61.30%.

Which has better risk-adjusted returns?

SSAIX currently has the higher Sharpe Ratio (1.45 vs 1.11), 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.