SSGJX vs. SSGVX

Last updated Jun 24, 2026

SSGJX (State Street Global All Cap Equity ex-U.S. Index Fund) and SSGVX (State Street Global All Cap Equity ex-U.S.Index Portfolio) are both Foreign Large Cap Equities funds from State Street. Over the past 10 years, SSGJX returned 10.34%/yr vs 39.13%/yr for SSGVX. With a 1.00 correlation, they move nearly in lockstep. SSGJX charges 0.27%/yr vs 0.05%/yr for SSGVX.

Performance

SSGJX vs. SSGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) and State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SSGJX having a 15.59% return and SSGVX slightly higher at 15.66%. Over the past 10 years, SSGJX has underperformed SSGVX with an annualized return of 10.34%, while SSGVX has yielded a comparatively higher 39.13% annualized return.

SSGJX

• 1D: 0.18%
• 1M: 3.06%
• YTD: 15.59%
• 6M: 15.86%
• 1Y: 33.36%
• 3Y*: 19.87%
• 5Y*: 8.89%
• 10Y*: 10.34%

SSGVX

• 1D: 0.18%
• 1M: 3.07%
• YTD: 15.66%
• 6M: 15.95%
• 1Y: 33.56%
• 3Y*: 20.01%
• 5Y*: 9.04%
• 10Y*: 39.13%

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

SSGJX vs. SSGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSGJX State Street Global All Cap Equity ex-U.S. Index Fund	15.59%	32.51%	4.92%	15.59%	-16.57%	8.21%	10.93%	21.27%	-14.19%	27.00%
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio	15.66%	32.69%	5.01%	15.71%	-16.42%	8.42%	1,010.40%	21.71%	-14.01%	27.18%

Correlation

The correlation between SSGJX and SSGVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014	1.00

The correlation between SSGJX and SSGVX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

SSGJX vs. SSGVX — Risk / Return Rank

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

SSGJX

SSGJX Risk / Return Rank: 70
SSGJX Sharpe Ratio Rank: 76
SSGJX Sortino Ratio Rank: 72
SSGJX Omega Ratio Rank: 76
SSGJX Calmar Ratio Rank: 67
SSGJX Martin Ratio Rank: 61

SSGVX

SSGVX Risk / Return Rank: 71
SSGVX Sharpe Ratio Rank: 77
SSGVX Sortino Ratio Rank: 72
SSGVX Omega Ratio Rank: 77
SSGVX Calmar Ratio Rank: 67
SSGVX Martin Ratio Rank: 62

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.

SSGJX vs. SSGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) and State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX). 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.

	SSGJX	SSGVX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.35	-0.01
Sortino ratio: Return per unit of downside risk	3.21	3.23	-0.02
Omega ratio: Gain probability vs. loss probability	1.45	1.45	0.00
Calmar ratio: Return relative to maximum drawdown	2.99	3.02	-0.02
Martin ratio: Return relative to average drawdown	11.46	11.55	-0.09

SSGJX vs. SSGVX - Sharpe Ratio Comparison

The current SSGJX Sharpe Ratio is 2.34, which is comparable to the SSGVX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of SSGJX and SSGVX, 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

SSGJX vs. SSGVX - Drawdown Comparison

The maximum SSGJX drawdown since its inception was -36.15%, roughly equal to the maximum SSGVX drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for SSGJX and SSGVX.

Drawdown Indicators

	SSGJX	SSGVX	Difference
Max Drawdown Largest peak-to-trough decline	-36.15%	-35.79%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	-11.23%	-11.22%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-13.61%	-13.54%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-30.19%	-30.03%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	-36.15%	-35.79%	-0.36%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.29%	-7.72%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.92%	+0.01%

Volatility

SSGJX vs. SSGVX - Volatility Comparison

State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) and State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX) have volatilities of 5.69% and 5.69%, 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

	SSGJX	SSGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.69%	5.69%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	12.37%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	14.39%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	14.96%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	282.35%	-266.48%

SSGJX vs. SSGVX - Expense Ratio Comparison

SSGJX has a 0.27% expense ratio, which is higher than SSGVX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SSGJX vs. SSGVX - Dividend Comparison

SSGJX's dividend yield for the trailing twelve months is around 3.76%, more than SSGVX's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSGJX State Street Global All Cap Equity ex-U.S. Index Fund	3.76%	4.34%	4.43%	2.93%	2.73%	4.07%	1.57%	4.69%	8.03%	3.98%	1.52%	2.09%
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio	2.88%	3.33%	3.09%	2.96%	2.35%	2.58%	1.66%	2.96%	3.02%	2.77%	1.56%	2.16%

Frequently Asked Questions

Can I hold both SSGJX and SSGVX in my portfolio?

With a correlation of 1.00, SSGJX and SSGVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SSGJX or SSGVX?

SSGVX has higher volatility (5.69%) compared to SSGJX (5.69%). In terms of maximum drawdown, SSGJX dropped -36.15% vs SSGVX's -35.79%.

Which has better risk-adjusted returns?

SSGVX currently has the higher Sharpe Ratio (2.35 vs 2.34), 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.