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SSGJX vs. SSHQX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SSGJX vs. SSHQX

Last updated Apr 2, 2026

Compare and contrast key facts about State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) and State Street Hedged International Developed Equity Index Fund (SSHQX).

SSGJX is managed by State Street. It was launched on Sep 17, 2014. SSHQX is managed by State Street. It was launched on May 29, 2015.

Performance

SSGJX vs. SSHQX - 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 Hedged International Developed Equity Index Fund (SSHQX). The values are adjusted to include any dividend payments, if applicable.

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SSGJX vs. SSHQX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SSGJX
State Street Global All Cap Equity ex-U.S. Index Fund		1.26%32.51%4.92%15.59%-16.57%8.21%-88.91%21.27%-14.19%27.00%
SSHQX
State Street Hedged International Developed Equity Index Fund		2.41%23.42%13.71%19.74%-4.73%19.32%-89.75%24.83%-9.27%16.85%

Returns By Period

In the year-to-date period, SSGJX achieves a 1.26% return, which is significantly lower than SSHQX's 2.41% return. Over the past 10 years, SSGJX has underperformed SSHQX with an annualized return of -13.69%, while SSHQX has yielded a comparatively higher -11.24% annualized return.

SSGJX

1D
1.93%
1M
-7.38%
YTD
1.26%
6M
5.20%
1Y
26.67%
3Y*
15.05%
5Y*
6.95%
10Y*
-13.69%

SSHQX

1D
1.89%
1M
-4.81%
YTD
2.41%
6M
8.34%
1Y
21.02%
3Y*
16.59%
5Y*
12.47%
10Y*
-11.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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State Street Global All Cap Equity ex-U.S. Index Fund

State Street Hedged International Developed Equity Index Fund

Often compared with SSGJX:
SSGJX vs. VXUSSSGJX vs. SCHGSSGJX vs. SCHDSSGJX vs. FITLXSSGJX vs. SCHFSSGJX vs. SSEYXSSGJX vs. FLCH
Often compared with SSHQX:
SSHQX vs. ARTKXSSHQX vs. RERCXSSHQX vs. REREXSSHQX vs. FSPSXSSHQX vs. VOOSSHQX vs. FNDESSHQX vs. RERGX

SSGJX vs. SSHQX - Expense Ratio Comparison

SSGJX has a 0.27% expense ratio, which is higher than SSHQX's 0.20% 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%.

SSGJX
State Street Global All Cap Equity ex-U.S. Index Fund
SSHQX
State Street Hedged International Developed Equity Index Fund

Return for Risk

SSGJX vs. SSHQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SSGJX
SSGJX Risk / Return Rank: 8686
Overall Rank
SSGJX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
SSGJX Sortino Ratio Rank: 8686
Sortino Ratio Rank
SSGJX Omega Ratio Rank: 8585
Omega Ratio Rank
SSGJX Calmar Ratio Rank: 8787
Calmar Ratio Rank
SSGJX Martin Ratio Rank: 8585
Martin Ratio Rank
SSHQX
SSHQX Risk / Return Rank: 7373
Overall Rank
SSHQX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SSHQX Sortino Ratio Rank: 7272
Sortino Ratio Rank
SSHQX Omega Ratio Rank: 7676
Omega Ratio Rank
SSHQX Calmar Ratio Rank: 7171
Calmar Ratio Rank
SSHQX Martin Ratio Rank: 7373
Martin Ratio Rank
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. SSHQX - 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 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.

SSGJXSSHQXDifference

Sharpe ratio

Return per unit of total volatility

1.76

1.36

+0.39

Sortino ratio

Return per unit of downside risk

2.36

1.89

+0.47

Omega ratio

Gain probability vs. loss probability

1.36

1.30

+0.06

Calmar ratio

Return relative to maximum drawdown

2.34

1.77

+0.56

Martin ratio

Return relative to average drawdown

9.12

7.39

+1.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSGJX vs. SSHQX - Sharpe Ratio Comparison

The current SSGJX Sharpe Ratio is 1.76, which is comparable to the SSHQX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of SSGJX and SSHQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SSGJXSSHQXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

1.36

+0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.94

-0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.42

-0.35

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.43

-0.36

-0.07

Correlation

The correlation between SSGJX and SSHQX is 0.84, 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

SSGJX vs. SSHQX - Dividend Comparison

SSGJX's dividend yield for the trailing twelve months is around 4.29%, more than SSHQX's 3.52% yield.

TTM20252024202320222021202020192018201720162015
SSGJX
State Street Global All Cap Equity ex-U.S. Index Fund		4.29%4.34%4.43%2.93%2.73%4.07%1.57%4.69%8.03%3.98%1.52%2.09%
SSHQX
State Street Hedged International Developed Equity Index Fund		3.52%3.60%3.11%3.77%22.27%2.93%2.03%5.14%7.33%3.12%4.30%0.00%

Drawdowns

SSGJX vs. SSHQX - Drawdown Comparison

The maximum SSGJX drawdown since its inception was -92.55%, roughly equal to the maximum SSHQX drawdown of -92.12%. Use the drawdown chart below to compare losses from any high point for SSGJX and SSHQX.

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Drawdown Indicators

SSGJXSSHQXDifference

Max Drawdown

Largest peak-to-trough decline

-92.55%

-92.12%

-0.43%

Max Drawdown (1Y)

Largest decline over 1 year

-11.23%

-11.15%

-0.08%

Max Drawdown (5Y)

Largest decline over 5 years

-30.19%

-14.79%

-15.40%

Max Drawdown (10Y)

Largest decline over 10 years

-92.55%

-92.12%

-0.43%

Current Drawdown

Current decline from peak

-84.22%

-80.46%

-3.76%

Average Drawdown

Average peak-to-trough decline

-50.15%

-51.83%

+1.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

2.74%

+0.14%

Volatility

SSGJX vs. SSHQX - Volatility Comparison

State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) has a higher volatility of 6.71% compared to State Street Hedged International Developed Equity Index Fund (SSHQX) at 6.05%. This indicates that SSGJX'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.

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Volatility by Period

SSGJXSSHQXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.71%

6.05%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

10.18%

9.40%

+0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

15.57%

15.69%

-0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.52%

13.32%

+1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.52%

32.23%

+0.29%