SSGLX vs. SSCNX
SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) and SSCNX (State Street Target Retirement 2040 Fund) are both mutual funds - SSGLX is a Global Equities fund tracking the MSCI ACWI ex USA Investable Market Index, while SSCNX is a Target Retirement Date fund managed by State Street. Over the past 10 years, SSGLX returned 9.34%/yr vs 9.68%/yr for SSCNX. Their correlation of 0.87 means they have usually moved in the same direction. SSGLX charges 0.07%/yr vs 0.20%/yr for SSCNX.
Performance
SSGLX vs. SSCNX - Performance Comparison
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Returns By Period
In the year-to-date period, SSGLX achieves a 12.81% return, which is significantly higher than SSCNX's 8.10% return. Both investments have delivered pretty close results over the past 10 years, with SSGLX having a 9.34% annualized return and SSCNX not far ahead at 9.68%.
SSGLX
- 1D
- 2.99%
- 1M
- -0.39%
- 6M
- 6.33%
- YTD
- 12.81%
- 1Y
- 28.04%
- 3Y*
- 16.85%
- 5Y*
- 8.76%
- 10Y*
- 9.34%
- ALL TIME*
- 6.91%
SSCNX
- 1D
- 1.62%
- 1M
- -0.94%
- 6M
- 5.28%
- YTD
- 8.10%
- 1Y
- 18.03%
- 3Y*
- 13.83%
- 5Y*
- 6.89%
- 10Y*
- 9.68%
- ALL TIME*
- 8.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SSGLX vs. SSCNX - 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 | 12.81% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
SSCNX State Street Target Retirement 2040 Fund | 8.10% | 19.00% | 11.21% | 17.68% | -18.55% | 11.75% | 18.72% | 24.61% | -7.45% | 18.32% |
Correlation
The correlation between SSGLX and SSCNX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.87 |
The correlation between SSGLX and SSCNX has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
SSGLX vs. SSCNX — Risk / Return Rank
SSGLX
SSCNX
SSGLX vs. SSCNX - 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 State Street Target Retirement 2040 Fund (SSCNX). 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 | SSCNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.08 | +0.22 |
| Martin ratioReturn relative to average drawdown | 8.47 | 8.50 | -0.03 |
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Drawdowns
SSGLX vs. SSCNX - Drawdown Comparison
The maximum SSGLX drawdown since its inception was -35.88%, which is greater than SSCNX's maximum drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for SSGLX and SSCNX.
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Drawdown Indicators
| SSGLX | SSCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.88% | -27.49% | -8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -7.96% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.56% | -12.72% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -30.08% | -26.14% | -3.94% |
Max Drawdown (10Y)Largest decline over 10 years | -35.88% | -27.49% | -8.39% |
Current DrawdownCurrent decline from peak | -2.45% | -1.80% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -4.72% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.95% | +1.09% |
Volatility
SSGLX vs. SSCNX - Volatility Comparison
State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a higher volatility of 4.87% compared to State Street Target Retirement 2040 Fund (SSCNX) at 3.06%. This indicates that SSGLX's price experiences larger fluctuations and is considered to be riskier than SSCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSGLX | SSCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 3.06% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 8.90% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 10.63% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 12.87% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 13.43% | +2.68% |
SSGLX vs. SSCNX - Expense Ratio Comparison
SSGLX has a 0.07% expense ratio, which is lower than SSCNX'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
SSGLX vs. SSCNX - Dividend Comparison
SSGLX's dividend yield for the trailing twelve months is around 3.91%, less than SSCNX's 6.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSCNX State Street Target Retirement 2040 Fund | 6.67% | 7.21% | 4.97% | 3.78% | 5.39% | 5.58% | 4.63% | 6.31% | 5.11% | 0.38% | 1.77% | 1.96% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 3.91% | 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
SSGLX and SSCNX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGLX has higher volatility (4.87%) compared to SSCNX (3.06%). In terms of maximum drawdown, SSGLX dropped -35.88% vs SSCNX's -27.49%.
SSGLX currently has the higher Sharpe Ratio (1.70 vs 1.56), 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.
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