SSGLX vs. UCEQX
Compare and contrast key facts about State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) and USAA Cornerstone Equity Fund (UCEQX).
SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014. UCEQX is managed by Victory. It was launched on Jun 7, 2012.
Performance
SSGLX vs. UCEQX - Performance Comparison
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SSGLX vs. UCEQX - 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 | 1.29% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
UCEQX USAA Cornerstone Equity Fund | -0.78% | 23.71% | 14.50% | 19.36% | -16.25% | 19.68% | 10.76% | 22.49% | -12.06% | 22.59% |
Returns By Period
In the year-to-date period, SSGLX achieves a 1.29% return, which is significantly higher than UCEQX's -0.78% return. Over the past 10 years, SSGLX has underperformed UCEQX with an annualized return of 8.79%, while UCEQX has yielded a comparatively higher 10.39% annualized return.
SSGLX
- 1D
- 1.94%
- 1M
- -7.37%
- YTD
- 1.29%
- 6M
- 5.27%
- 1Y
- 26.80%
- 3Y*
- 15.14%
- 5Y*
- 7.06%
- 10Y*
- 8.79%
UCEQX
- 1D
- 2.88%
- 1M
- -5.43%
- YTD
- -0.78%
- 6M
- 2.20%
- 1Y
- 22.46%
- 3Y*
- 16.90%
- 5Y*
- 9.25%
- 10Y*
- 10.39%
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SSGLX vs. UCEQX - Expense Ratio Comparison
SSGLX has a 0.07% expense ratio, which is lower than UCEQX's 0.09% 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%.
Return for Risk
SSGLX vs. UCEQX — Risk / Return Rank
SSGLX
UCEQX
SSGLX vs. UCEQX - 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 USAA Cornerstone Equity Fund (UCEQX). 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 | UCEQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.38 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.37 | 1.99 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.95 | +0.40 |
Martin ratioReturn relative to average drawdown | 9.17 | 9.45 | -0.28 |
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 | UCEQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.38 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.61 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.63 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.63 | -0.25 |
Correlation
The correlation between SSGLX and UCEQX is 0.83, 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
SSGLX vs. UCEQX - Dividend Comparison
SSGLX's dividend yield for the trailing twelve months is around 4.36%, less than UCEQX's 5.12% yield.
| 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 | 4.36% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
UCEQX USAA Cornerstone Equity Fund | 5.12% | 5.08% | 2.56% | 5.10% | 6.80% | 4.61% | 8.25% | 4.79% | 6.73% | 1.91% | 3.16% | 3.63% |
Drawdowns
SSGLX vs. UCEQX - Drawdown Comparison
The maximum SSGLX drawdown since its inception was -35.88%, roughly equal to the maximum UCEQX drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for SSGLX and UCEQX.
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Drawdown Indicators
| SSGLX | UCEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.88% | -35.33% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -11.75% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -30.08% | -25.24% | -4.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.88% | -35.33% | -0.55% |
Current DrawdownCurrent decline from peak | -9.15% | -6.34% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -4.92% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.43% | +0.44% |
Volatility
SSGLX vs. UCEQX - Volatility Comparison
State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a higher volatility of 6.71% compared to USAA Cornerstone Equity Fund (UCEQX) at 5.93%. This indicates that SSGLX's price experiences larger fluctuations and is considered to be riskier than UCEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSGLX | UCEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 5.93% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 9.65% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 16.60% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.51% | 15.22% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 16.46% | -0.31% |