SSCPX vs. SPMAX
Compare and contrast key facts about Saratoga Small Capitalization Portfolio (SSCPX) and Saratoga Mid Capitalization Portfolio (SPMAX).
SSCPX is managed by Saratoga. It was launched on Sep 1, 1994. SPMAX is managed by Saratoga. It was launched on Jun 28, 2002.
Performance
SSCPX vs. SPMAX - Performance Comparison
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SSCPX vs. SPMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSCPX Saratoga Small Capitalization Portfolio | -2.63% | 6.41% | 10.79% | 15.16% | -17.56% | 24.53% | 25.39% | 23.71% | -16.14% | 15.58% |
SPMAX Saratoga Mid Capitalization Portfolio | -2.04% | 9.76% | 17.27% | 15.52% | -11.91% | 19.87% | 9.67% | 29.93% | -16.98% | 12.86% |
Returns By Period
In the year-to-date period, SSCPX achieves a -2.63% return, which is significantly lower than SPMAX's -2.04% return. Over the past 10 years, SSCPX has outperformed SPMAX with an annualized return of 9.16%, while SPMAX has yielded a comparatively lower 8.13% annualized return.
SSCPX
- 1D
- -1.77%
- 1M
- -8.88%
- YTD
- -2.63%
- 6M
- -3.54%
- 1Y
- 16.77%
- 3Y*
- 9.57%
- 5Y*
- 3.88%
- 10Y*
- 9.16%
SPMAX
- 1D
- -2.36%
- 1M
- -11.02%
- YTD
- -2.04%
- 6M
- -0.94%
- 1Y
- 13.05%
- 3Y*
- 12.94%
- 5Y*
- 6.94%
- 10Y*
- 8.13%
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SSCPX vs. SPMAX - Expense Ratio Comparison
SSCPX has a 1.70% expense ratio, which is lower than SPMAX's 2.06% expense ratio.
Return for Risk
SSCPX vs. SPMAX — Risk / Return Rank
SSCPX
SPMAX
SSCPX vs. SPMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saratoga Small Capitalization Portfolio (SSCPX) and Saratoga Mid Capitalization Portfolio (SPMAX). 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.
| SSCPX | SPMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.66 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.14 | 1.04 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.95 | +0.22 |
Martin ratioReturn relative to average drawdown | 3.79 | 3.28 | +0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSCPX | SPMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.66 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.38 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.41 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.39 | -0.02 |
Correlation
The correlation between SSCPX and SPMAX is 0.90, 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
SSCPX vs. SPMAX - Dividend Comparison
SSCPX's dividend yield for the trailing twelve months is around 9.26%, less than SPMAX's 33.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSCPX Saratoga Small Capitalization Portfolio | 9.26% | 9.02% | 11.37% | 0.00% | 10.18% | 24.67% | 0.02% | 0.00% | 17.42% | 0.00% | 0.00% | 58.90% |
SPMAX Saratoga Mid Capitalization Portfolio | 33.57% | 32.89% | 18.90% | 1.28% | 2.11% | 16.31% | 9.56% | 0.01% | 13.58% | 8.25% | 8.08% | 5.04% |
Drawdowns
SSCPX vs. SPMAX - Drawdown Comparison
The maximum SSCPX drawdown since its inception was -53.65%, roughly equal to the maximum SPMAX drawdown of -52.68%. Use the drawdown chart below to compare losses from any high point for SSCPX and SPMAX.
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Drawdown Indicators
| SSCPX | SPMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.65% | -52.68% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -12.82% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -23.42% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -43.59% | -42.83% | -0.76% |
Current DrawdownCurrent decline from peak | -11.54% | -12.39% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -8.65% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 3.72% | -0.06% |
Volatility
SSCPX vs. SPMAX - Volatility Comparison
Saratoga Small Capitalization Portfolio (SSCPX) and Saratoga Mid Capitalization Portfolio (SPMAX) have volatilities of 7.50% and 7.80%, 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.
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Volatility by Period
| SSCPX | SPMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 7.80% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 14.18% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.41% | 21.14% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.10% | 18.16% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.90% | 20.14% | +2.76% |