SSEYX vs. SSHQX

Last updated Jun 26, 2026

SSEYX (State Street Equity 500 Index II Portfolio) and SSHQX (State Street Hedged International Developed Equity Index Fund) are both mutual funds - SSEYX is a Large Cap Blend Equities fund managed by State Street, while SSHQX is a Foreign Large Cap Equities fund managed by State Street. Over the past 10 years, SSEYX returned 15.52%/yr vs 13.10%/yr for SSHQX. A 0.71 correlation means they provide meaningful diversification when combined. SSEYX charges 0.02%/yr vs 0.20%/yr for SSHQX.

Performance

SSEYX vs. SSHQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Equity 500 Index II Portfolio (SSEYX) and State Street Hedged International Developed Equity Index Fund (SSHQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSEYX achieves a 8.10% return, which is significantly lower than SSHQX's 11.96% return. Over the past 10 years, SSEYX has outperformed SSHQX with an annualized return of 15.52%, while SSHQX has yielded a comparatively lower 13.10% annualized return.

SSEYX

• 1D: -0.10%
• 1M: -2.03%
• YTD: 8.10%
• 6M: 6.78%
• 1Y: 21.90%
• 3Y*: 20.66%
• 5Y*: 12.97%
• 10Y*: 15.52%

SSHQX

• 1D: -0.04%
• 1M: 1.59%
• YTD: 11.96%
• 6M: 12.39%
• 1Y: 28.16%
• 3Y*: 18.93%
• 5Y*: 13.41%
• 10Y*: 13.10%

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

SSEYX vs. SSHQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSEYX State Street Equity 500 Index II Portfolio	8.10%	17.52%	25.01%	26.29%	-18.18%	28.58%	18.28%	31.42%	-4.54%	21.72%
SSHQX State Street Hedged International Developed Equity Index Fund	11.96%	23.42%	13.71%	19.74%	-4.73%	19.32%	2.47%	24.83%	-9.27%	16.85%

Correlation

The correlation between SSEYX and SSHQX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.71

The correlation between SSEYX and SSHQX has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

Return for Risk

SSEYX vs. SSHQX — Risk / Return Rank

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

SSEYX

SSEYX Risk / Return Rank: 54
SSEYX Sharpe Ratio Rank: 52
SSEYX Sortino Ratio Rank: 48
SSEYX Omega Ratio Rank: 49
SSEYX Calmar Ratio Rank: 54
SSEYX Martin Ratio Rank: 67

SSHQX

SSHQX Risk / Return Rank: 77
SSHQX Sharpe Ratio Rank: 80
SSHQX Sortino Ratio Rank: 78
SSHQX Omega Ratio Rank: 80
SSHQX Calmar Ratio Rank: 72
SSHQX Martin Ratio Rank: 76

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.

SSEYX vs. SSHQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Equity 500 Index II Portfolio (SSEYX) and State Street Hedged International Developed Equity Index Fund (SSHQX). 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.

	SSEYX	SSHQX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.24	-0.48
Sortino ratio: Return per unit of downside risk	2.41	3.13	-0.72
Omega ratio: Gain probability vs. loss probability	1.32	1.44	-0.12
Calmar ratio: Return relative to maximum drawdown	2.48	2.86	-0.38
Martin ratio: Return relative to average drawdown	11.06	11.93	-0.87

SSEYX vs. SSHQX - Sharpe Ratio Comparison

The current SSEYX Sharpe Ratio is 1.76, which is comparable to the SSHQX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of SSEYX and SSHQX, 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

SSEYX vs. SSHQX - Drawdown Comparison

The maximum SSEYX drawdown since its inception was -33.75%, which is greater than SSHQX's maximum drawdown of -31.84%. Use the drawdown chart below to compare losses from any high point for SSEYX and SSHQX.

Drawdown Indicators

	SSEYX	SSHQX	Difference
Max Drawdown Largest peak-to-trough decline	-33.75%	-31.84%	-1.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-9.69%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-18.74%	-13.99%	-4.75%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-14.79%	-9.73%
Max Drawdown (10Y) Largest decline over 10 years	-33.75%	-31.84%	-1.91%
Current Drawdown Current decline from peak	-3.22%	-1.30%	-1.92%
Average Drawdown Average peak-to-trough decline	-4.08%	-3.34%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.32%	-0.34%

Volatility

SSEYX vs. SSHQX - Volatility Comparison

State Street Equity 500 Index II Portfolio (SSEYX) has a higher volatility of 4.87% compared to State Street Hedged International Developed Equity Index Fund (SSHQX) at 4.09%. This indicates that SSEYX's price experiences larger fluctuations and is considered to be riskier than SSHQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSEYX	SSHQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	4.09%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	10.26%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	12.35%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	13.50%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	15.02%	+3.06%

SSEYX vs. SSHQX - Expense Ratio Comparison

SSEYX has a 0.02% expense ratio, which is lower than SSHQX's 0.20% 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%.

Dividends

SSEYX vs. SSHQX - Dividend Comparison

SSEYX's dividend yield for the trailing twelve months is around 1.28%, less than SSHQX's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSEYX State Street Equity 500 Index II Portfolio	1.28%	1.38%	1.93%	1.46%	1.57%	2.48%	3.63%	2.36%	5.91%	5.37%	2.29%	3.47%
SSHQX State Street Hedged International Developed Equity Index Fund	3.22%	3.60%	3.11%	3.77%	22.27%	2.93%	2.03%	5.14%	7.33%	3.12%	4.30%	0.00%

Frequently Asked Questions

Can I hold both SSEYX and SSHQX in my portfolio?

SSEYX and SSHQX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSEYX or SSHQX?

SSEYX has higher volatility (4.87%) compared to SSHQX (4.09%). In terms of maximum drawdown, SSEYX dropped -33.75% vs SSHQX's -31.84%.

Which has better risk-adjusted returns?

SSHQX currently has the higher Sharpe Ratio (2.24 vs 1.76), 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.