SSCPX vs. SLCGX

Last updated Jun 24, 2026

SSCPX (Saratoga Small Capitalization Portfolio) and SLCGX (Saratoga Large Capitalization Growth Portfolio) are both mutual funds - SSCPX is a Small Cap Growth Equities fund managed by Saratoga, while SLCGX is a Large Cap Growth Equities fund managed by Saratoga. Over the past 10 years, SSCPX returned 12.10%/yr vs 19.45%/yr for SLCGX. A 0.75 correlation means they provide meaningful diversification when combined. SSCPX charges 1.70%/yr vs 1.34%/yr for SLCGX.

Performance

SSCPX vs. SLCGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saratoga Small Capitalization Portfolio (SSCPX) and Saratoga Large Capitalization Growth Portfolio (SLCGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSCPX achieves a 27.15% return, which is significantly higher than SLCGX's -1.03% return. Over the past 10 years, SSCPX has underperformed SLCGX with an annualized return of 12.10%, while SLCGX has yielded a comparatively higher 19.45% annualized return.

SSCPX

• 1D: 1.04%
• 1M: 8.20%
• YTD: 27.15%
• 6M: 23.90%
• 1Y: 40.72%
• 3Y*: 19.24%
• 5Y*: 9.19%
• 10Y*: 12.10%

SLCGX

• 1D: -0.74%
• 1M: -0.16%
• YTD: -1.03%
• 6M: -2.59%
• 1Y: 15.32%
• 3Y*: 24.82%
• 5Y*: 14.32%
• 10Y*: 19.45%

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

SSCPX vs. SLCGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSCPX Saratoga Small Capitalization Portfolio	27.15%	6.41%	10.79%	15.16%	-17.56%	24.53%	25.39%	23.71%	-16.14%	15.58%
SLCGX Saratoga Large Capitalization Growth Portfolio	-1.03%	22.74%	40.67%	38.79%	-28.77%	32.60%	28.67%	51.18%	-0.28%	30.32%

Correlation

The correlation between SSCPX and SLCGX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995	0.75

The correlation between SSCPX and SLCGX has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

Return for Risk

SSCPX vs. SLCGX — Risk / Return Rank

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

SSCPX

SSCPX Risk / Return Rank: 63
SSCPX Sharpe Ratio Rank: 60
SSCPX Sortino Ratio Rank: 56
SSCPX Omega Ratio Rank: 49
SSCPX Calmar Ratio Rank: 83
SSCPX Martin Ratio Rank: 69

SLCGX

SLCGX Risk / Return Rank: 12
SLCGX Sharpe Ratio Rank: 14
SLCGX Sortino Ratio Rank: 13
SLCGX Omega Ratio Rank: 13
SLCGX Calmar Ratio Rank: 10
SLCGX Martin Ratio Rank: 11

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.

SSCPX vs. SLCGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Small Capitalization Portfolio (SSCPX) and Saratoga Large Capitalization Growth Portfolio (SLCGX). 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.

	SSCPX	SLCGX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	0.97	+1.12
Sortino ratio: Return per unit of downside risk	2.88	1.38	+1.51
Omega ratio: Gain probability vs. loss probability	1.35	1.17	+0.18
Calmar ratio: Return relative to maximum drawdown	3.67	0.93	+2.75
Martin ratio: Return relative to average drawdown	12.49	2.81	+9.68

SSCPX vs. SLCGX - Sharpe Ratio Comparison

The current SSCPX Sharpe Ratio is 2.09, which is higher than the SLCGX Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of SSCPX and SLCGX, 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

SSCPX vs. SLCGX - Drawdown Comparison

The maximum SSCPX drawdown since its inception was -53.65%, smaller than the maximum SLCGX drawdown of -71.04%. Use the drawdown chart below to compare losses from any high point for SSCPX and SLCGX.

Drawdown Indicators

	SSCPX	SLCGX	Difference
Max Drawdown Largest peak-to-trough decline	-53.65%	-71.04%	+17.39%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-18.18%	+6.64%
Max Drawdown (3Y) Largest decline over 3 years	-27.78%	-24.17%	-3.61%
Max Drawdown (5Y) Largest decline over 5 years	-27.78%	-31.13%	+3.35%
Max Drawdown (10Y) Largest decline over 10 years	-43.59%	-31.16%	-12.43%
Current Drawdown Current decline from peak	0.00%	-4.96%	+4.96%
Average Drawdown Average peak-to-trough decline	-10.23%	-22.88%	+12.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	5.97%	-2.58%

Volatility

SSCPX vs. SLCGX - Volatility Comparison

Saratoga Small Capitalization Portfolio (SSCPX) and Saratoga Large Capitalization Growth Portfolio (SLCGX) have volatilities of 6.15% and 6.09%, 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

	SSCPX	SLCGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	6.09%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	15.17%	13.33%	+1.84%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	17.32%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.22%	21.77%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.05%	22.08%	+0.97%

SSCPX vs. SLCGX - Expense Ratio Comparison

SSCPX has a 1.70% expense ratio, which is higher than SLCGX's 1.34% expense ratio.

Dividends

SSCPX vs. SLCGX - Dividend Comparison

SSCPX's dividend yield for the trailing twelve months is around 7.09%, less than SLCGX's 13.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLCGX Saratoga Large Capitalization Growth Portfolio	13.97%	13.83%	23.77%	7.53%	7.55%	23.16%	8.91%	31.50%	25.22%	5.81%	23.83%	10.21%
SSCPX Saratoga Small Capitalization Portfolio	7.09%	9.02%	11.37%	0.00%	10.18%	24.67%	0.02%	0.00%	17.42%	0.00%	0.00%	58.90%

Frequently Asked Questions

Can I hold both SSCPX and SLCGX in my portfolio?

SSCPX and SLCGX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSCPX or SLCGX?

SSCPX has higher volatility (6.15%) compared to SLCGX (6.09%). In terms of maximum drawdown, SSCPX dropped -53.65% vs SLCGX's -71.04%.

Which has better risk-adjusted returns?

SSCPX currently has the higher Sharpe Ratio (2.09 vs 0.97), 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.