SSCDX vs. SIBAX

Last updated Jun 23, 2026

SSCDX (Sit Small Cap Dividend Growth Fund) and SIBAX (SIT Balanced Fund) are both mutual funds - SSCDX is a Small Cap Blend Equities fund managed by Sit, while SIBAX is a Diversified Portfolio fund managed by Sit. Over the past 10 years, SSCDX returned 11.18%/yr vs 10.53%/yr for SIBAX. A 0.77 correlation means they provide meaningful diversification when combined. SSCDX charges 1.35%/yr vs 0.91%/yr for SIBAX.

Performance

SSCDX vs. SIBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sit Small Cap Dividend Growth Fund (SSCDX) and SIT Balanced Fund (SIBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSCDX achieves a 20.16% return, which is significantly higher than SIBAX's 3.33% return. Over the past 10 years, SSCDX has outperformed SIBAX with an annualized return of 11.18%, while SIBAX has yielded a comparatively lower 10.53% annualized return.

SSCDX

• 1D: 1.72%
• 1M: 3.11%
• YTD: 20.16%
• 6M: 17.28%
• 1Y: 36.42%
• 3Y*: 18.87%
• 5Y*: 10.59%
• 10Y*: 11.18%

SIBAX

• 1D: 0.85%
• 1M: -0.25%
• YTD: 3.33%
• 6M: 3.47%
• 1Y: 16.72%
• 3Y*: 14.69%
• 5Y*: 7.99%
• 10Y*: 10.53%

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

SSCDX vs. SIBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSCDX Sit Small Cap Dividend Growth Fund	20.16%	12.90%	15.50%	15.50%	-17.15%	23.46%	16.21%	27.12%	-17.10%	13.69%
SIBAX SIT Balanced Fund	3.33%	13.57%	18.02%	22.64%	-20.90%	17.10%	20.75%	20.71%	-2.75%	17.73%

Correlation

The correlation between SSCDX and SIBAX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Apr 7, 2015	0.77

The correlation between SSCDX and SIBAX shifts across timeframes, from 0.60 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SSCDX vs. SIBAX — Risk / Return Rank

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

SSCDX

SSCDX Risk / Return Rank: 72
SSCDX Sharpe Ratio Rank: 66
SSCDX Sortino Ratio Rank: 65
SSCDX Omega Ratio Rank: 55
SSCDX Calmar Ratio Rank: 91
SSCDX Martin Ratio Rank: 86

SIBAX

SIBAX Risk / Return Rank: 36
SIBAX Sharpe Ratio Rank: 38
SIBAX Sortino Ratio Rank: 37
SIBAX Omega Ratio Rank: 37
SIBAX Calmar Ratio Rank: 30
SIBAX Martin Ratio Rank: 36

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.

SSCDX vs. SIBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sit Small Cap Dividend Growth Fund (SSCDX) and SIT Balanced Fund (SIBAX). 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.

	SSCDX	SIBAX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.67	+0.51
Sortino ratio: Return per unit of downside risk	3.07	2.37	+0.70
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.07
Calmar ratio: Return relative to maximum drawdown	4.39	1.93	+2.46
Martin ratio: Return relative to average drawdown	15.16	7.61	+7.54

SSCDX vs. SIBAX - Sharpe Ratio Comparison

The current SSCDX Sharpe Ratio is 2.18, which is higher than the SIBAX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of SSCDX and SIBAX, 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

SSCDX vs. SIBAX - Drawdown Comparison

The maximum SSCDX drawdown since its inception was -38.79%, smaller than the maximum SIBAX drawdown of -40.93%. Use the drawdown chart below to compare losses from any high point for SSCDX and SIBAX.

Drawdown Indicators

	SSCDX	SIBAX	Difference
Max Drawdown Largest peak-to-trough decline	-38.79%	-40.93%	+2.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.22%	-8.51%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-23.99%	-13.44%	-10.55%
Max Drawdown (5Y) Largest decline over 5 years	-27.06%	-24.75%	-2.31%
Max Drawdown (10Y) Largest decline over 10 years	-38.79%	-24.75%	-14.04%
Current Drawdown Current decline from peak	0.00%	-2.00%	+2.00%
Average Drawdown Average peak-to-trough decline	-6.98%	-7.74%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	2.15%	+0.23%

Volatility

SSCDX vs. SIBAX - Volatility Comparison

Sit Small Cap Dividend Growth Fund (SSCDX) has a higher volatility of 5.07% compared to SIT Balanced Fund (SIBAX) at 3.56%. This indicates that SSCDX's price experiences larger fluctuations and is considered to be riskier than SIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSCDX	SIBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	3.56%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	7.76%	+4.54%
Volatility (1Y) Calculated over the trailing 1-year period	16.53%	9.82%	+6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.12%	12.55%	+7.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	12.26%	+8.46%

SSCDX vs. SIBAX - Expense Ratio Comparison

SSCDX has a 1.35% expense ratio, which is higher than SIBAX's 0.91% expense ratio.

Dividends

SSCDX vs. SIBAX - Dividend Comparison

SSCDX's dividend yield for the trailing twelve months is around 1.78%, less than SIBAX's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SIBAX SIT Balanced Fund	3.25%	3.39%	2.46%	1.36%	4.93%	4.02%	1.55%	6.37%	2.05%	5.20%	1.62%	6.53%
SSCDX Sit Small Cap Dividend Growth Fund	1.78%	2.21%	1.79%	1.07%	4.26%	8.47%	0.77%	1.33%	2.69%	0.85%	1.16%	0.87%

Frequently Asked Questions

Can I hold both SSCDX and SIBAX in my portfolio?

SSCDX and SIBAX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSCDX or SIBAX?

SSCDX has higher volatility (5.07%) compared to SIBAX (3.56%). In terms of maximum drawdown, SSCDX dropped -38.79% vs SIBAX's -40.93%.

Which has better risk-adjusted returns?

SSCDX currently has the higher Sharpe Ratio (2.18 vs 1.67), 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.