SSGLX vs. SSGVX
SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) and SSGVX (State Street Global All Cap Equity ex-U.S.Index Portfolio) are both mutual funds - SSGLX is a Global Equities fund tracking the MSCI ACWI ex USA Investable Market Index, while SSGVX is a Foreign Large Cap Equities fund managed by State Street. Over the past 10 years, SSGLX returned 9.82%/yr vs 38.32%/yr for SSGVX. With a 0.99 correlation, they move nearly in lockstep. SSGLX charges 0.07%/yr vs 0.05%/yr for SSGVX.
Performance
SSGLX vs. SSGVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SSGLX having a 14.98% return and SSGVX slightly higher at 14.99%. Over the past 10 years, SSGLX has underperformed SSGVX with an annualized return of 9.82%, while SSGVX has yielded a comparatively higher 38.32% annualized return.
SSGLX
- 1D
- 0.67%
- 1M
- 4.89%
- YTD
- 14.98%
- 6M
- 18.09%
- 1Y
- 32.74%
- 3Y*
- 19.68%
- 5Y*
- 8.65%
- 10Y*
- 9.82%
SSGVX
- 1D
- 0.67%
- 1M
- 4.89%
- YTD
- 14.99%
- 6M
- 18.12%
- 1Y
- 32.80%
- 3Y*
- 19.72%
- 5Y*
- 8.69%
- 10Y*
- 38.32%
SSGLX vs. SSGVX - 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 | 14.98% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio | 14.99% | 32.69% | 5.01% | 15.71% | -16.42% | 8.42% | 1,010.40% | 21.71% | -14.01% | 27.18% |
Correlation
The correlation between SSGLX 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 | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014 | 0.99 |
The correlation between SSGLX and SSGVX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
SSGLX vs. SSGVX — Risk / Return Rank
SSGLX
SSGVX
SSGLX 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 Class K (SSGLX) 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.
| SSGLX | SSGVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.46 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.90 | -0.01 |
| Martin ratioReturn relative to average drawdown | 11.22 | 11.24 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSGLX | SSGVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.40 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.14 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.12 | +0.33 |
Drawdowns
SSGLX vs. SSGVX - Drawdown Comparison
The maximum SSGLX drawdown since its inception was -35.88%, roughly equal to the maximum SSGVX drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for SSGLX and SSGVX.
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Drawdown Indicators
| SSGLX | SSGVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.88% | -35.79% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -11.22% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.56% | -13.54% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.08% | -30.03% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -35.88% | -35.79% | -0.09% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -7.75% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.88% | 0.00% |
Volatility
SSGLX vs. SSGVX - Volatility Comparison
State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) and State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX) have volatilities of 4.55% and 4.55%, 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.
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Volatility by Period
| SSGLX | SSGVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 4.55% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 11.38% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 13.55% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 14.80% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 282.29% | -266.05% |
SSGLX vs. SSGVX - Expense Ratio Comparison
SSGLX has a 0.07% 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
SSGLX vs. SSGVX - Dividend Comparison
SSGLX's dividend yield for the trailing twelve months is around 3.84%, more than SSGVX's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 3.84% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio | 2.89% | 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
With a correlation of 1.00, SSGLX 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.
SSGVX has higher volatility (4.55%) compared to SSGLX (4.55%). In terms of maximum drawdown, SSGLX dropped -35.88% vs SSGVX's -35.79%.
SSGVX currently has the higher Sharpe Ratio (2.40 vs 2.40), 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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