SSGLX vs. GIDGX

Last updated Jun 23, 2026

SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) and GIDGX (Goldman Sachs Enhanced Dividend Global Equity Portfolio) are both Global Equities funds. Over the past 10 years, SSGLX returned 9.93%/yr vs 10.98%/yr for GIDGX. A 0.77 correlation means they provide meaningful diversification when combined. SSGLX charges 0.07%/yr vs 0.17%/yr for GIDGX.

Performance

SSGLX vs. GIDGX - 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 Class K (SSGLX) and Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSGLX achieves a 15.44% return, which is significantly higher than GIDGX's 11.86% return. Over the past 10 years, SSGLX has underperformed GIDGX with an annualized return of 9.93%, while GIDGX has yielded a comparatively higher 10.98% annualized return.

SSGLX

• 1D: 0.60%
• 1M: 2.88%
• YTD: 15.44%
• 6M: 16.30%
• 1Y: 33.37%
• 3Y*: 18.52%
• 5Y*: 9.18%
• 10Y*: 9.93%

GIDGX

• 1D: 1.10%
• 1M: 1.78%
• YTD: 11.86%
• 6M: 11.51%
• 1Y: 25.59%
• 3Y*: 18.37%
• 5Y*: 11.40%
• 10Y*: 10.98%

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

SSGLX vs. GIDGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	15.44%	32.64%	4.98%	15.67%	-16.44%	8.36%	11.11%	21.52%	-14.05%	27.12%
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	11.86%	15.74%	20.59%	17.92%	-12.75%	18.46%	8.41%	19.97%	-8.26%	15.18%

Correlation

The correlation between SSGLX and GIDGX is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014	0.77

The correlation between SSGLX and GIDGX has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

Return for Risk

SSGLX vs. GIDGX — Risk / Return Rank

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

SSGLX

SSGLX Risk / Return Rank: 66
SSGLX Sharpe Ratio Rank: 71
SSGLX Sortino Ratio Rank: 67
SSGLX Omega Ratio Rank: 72
SSGLX Calmar Ratio Rank: 62
SSGLX Martin Ratio Rank: 59

GIDGX

GIDGX Risk / Return Rank: 83
GIDGX Sharpe Ratio Rank: 84
GIDGX Sortino Ratio Rank: 81
GIDGX Omega Ratio Rank: 79
GIDGX Calmar Ratio Rank: 82
GIDGX Martin Ratio Rank: 91

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.

SSGLX vs. GIDGX - 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 Class K (SSGLX) and Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX). 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.

	SSGLX	GIDGX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.51	-0.26
Sortino ratio: Return per unit of downside risk	3.10	3.51	-0.40
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.04
Calmar ratio: Return relative to maximum drawdown	2.89	3.56	-0.67
Martin ratio: Return relative to average drawdown	11.08	16.80	-5.72

SSGLX vs. GIDGX - Sharpe Ratio Comparison

The current SSGLX Sharpe Ratio is 2.25, which is comparable to the GIDGX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of SSGLX and GIDGX, 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

SSGLX vs. GIDGX - Drawdown Comparison

The maximum SSGLX drawdown since its inception was -35.88%, which is greater than GIDGX's maximum drawdown of -31.63%. Use the drawdown chart below to compare losses from any high point for SSGLX and GIDGX.

Drawdown Indicators

	SSGLX	GIDGX	Difference
Max Drawdown Largest peak-to-trough decline	-35.88%	-31.63%	-4.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.22%	-7.14%	-4.08%
Max Drawdown (3Y) Largest decline over 3 years	-13.56%	-14.69%	+1.13%
Max Drawdown (5Y) Largest decline over 5 years	-30.08%	-20.39%	-9.69%
Max Drawdown (10Y) Largest decline over 10 years	-35.88%	-31.63%	-4.25%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.20%	-3.86%	-4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	1.51%	+1.41%

Volatility

SSGLX vs. GIDGX - Volatility Comparison

State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a higher volatility of 5.80% compared to Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX) at 3.79%. This indicates that SSGLX's price experiences larger fluctuations and is considered to be riskier than GIDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSGLX	GIDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	3.79%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	12.40%	8.35%	+4.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	10.14%	+4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	13.06%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	14.19%	+2.07%

SSGLX vs. GIDGX - Expense Ratio Comparison

SSGLX has a 0.07% expense ratio, which is lower than GIDGX's 0.17% 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

SSGLX vs. GIDGX - Dividend Comparison

SSGLX's dividend yield for the trailing twelve months is around 3.82%, less than GIDGX's 5.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	5.52%	5.92%	12.06%	4.32%	8.89%	8.41%	1.99%	4.85%	5.67%	3.35%	2.97%	3.21%
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	3.82%	4.41%	4.46%	2.98%	2.85%	4.20%	1.72%	4.80%	8.32%	3.98%	1.52%	2.09%

Frequently Asked Questions

Can I hold both SSGLX and GIDGX in my portfolio?

SSGLX and GIDGX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSGLX or GIDGX?

SSGLX has higher volatility (5.80%) compared to GIDGX (3.79%). In terms of maximum drawdown, SSGLX dropped -35.88% vs GIDGX's -31.63%.

Which has better risk-adjusted returns?

GIDGX currently has the higher Sharpe Ratio (2.51 vs 2.25), 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.