SSGJX vs. SSHQX
SSGJX (State Street Global All Cap Equity ex-U.S. Index Fund) and SSHQX (State Street Hedged International Developed Equity Index Fund) are both Foreign Large Cap Equities funds from State Street. Over the past 10 years, SSGJX returned -12.87%/yr vs -10.86%/yr for SSHQX. Their correlation of 0.84 suggests significant overlap in exposure. SSGJX charges 0.27%/yr vs 0.20%/yr for SSHQX.
Performance
SSGJX vs. SSHQX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SSGJX achieves a 14.94% return, which is significantly higher than SSHQX's 10.20% return. Over the past 10 years, SSGJX has underperformed SSHQX with an annualized return of -12.87%, while SSHQX has yielded a comparatively higher -10.86% annualized return.
SSGJX
- 1D
- 0.68%
- 1M
- 4.88%
- YTD
- 14.94%
- 6M
- 18.01%
- 1Y
- 32.61%
- 3Y*
- 19.58%
- 5Y*
- 8.53%
- 10Y*
- -12.87%
SSHQX
- 1D
- 0.43%
- 1M
- 4.39%
- YTD
- 10.20%
- 6M
- 12.92%
- 1Y
- 24.83%
- 3Y*
- 18.08%
- 5Y*
- 13.32%
- 10Y*
- -10.86%
SSGJX vs. SSHQX - 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 | 14.94% | 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 | 10.20% | 23.42% | 13.71% | 19.74% | -4.73% | 19.32% | -89.75% | 24.83% | -9.27% | 16.85% |
Correlation
The correlation between SSGJX and SSHQX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.84 |
The correlation between SSGJX and SSHQX has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SSGJX vs. SSHQX — Risk / Return Rank
SSGJX
SSHQX
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.
| SSGJX | SSHQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.56 | +0.32 |
| Martin ratioReturn relative to average drawdown | 11.16 | 10.66 | +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. | |||
Loading charts...
Sharpe Ratios by Period
| SSGJX | SSHQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.09 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.00 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.40 | -0.34 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | -0.34 | -0.06 |
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.
Loading charts...
Drawdown Indicators
| SSGJX | SSHQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.55% | -92.12% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.23% | -9.69% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -13.61% | -13.99% | +0.38% |
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 DrawdownCurrent decline from peak | -82.09% | -78.98% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -50.62% | -52.29% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.32% | +0.57% |
Volatility
SSGJX vs. SSHQX - Volatility Comparison
State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) has a higher volatility of 4.56% compared to State Street Hedged International Developed Equity Index Fund (SSHQX) at 3.49%. 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.
Loading charts...
Volatility by Period
| SSGJX | SSHQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 3.49% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 9.73% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 11.84% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 13.42% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.57% | 32.24% | +0.33% |
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%.
Dividends
SSGJX vs. SSHQX - Dividend Comparison
SSGJX's dividend yield for the trailing twelve months is around 3.78%, more than SSHQX's 3.27% 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 | 3.78% | 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 | 3.27% | 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
SSGJX and SSHQX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGJX has higher volatility (4.56%) compared to SSHQX (3.49%). In terms of maximum drawdown, SSGJX dropped -92.55% vs SSHQX's -92.12%.
SSGJX currently has the higher Sharpe Ratio (2.39 vs 2.09), 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.
Find the right allocation for SSGJX and SSHQX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer