SSGLX vs. VSGAX

Last updated Apr 1, 2026

Compare and contrast key facts about State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) and Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX).

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. VSGAX is managed by Vanguard. It was launched on Sep 27, 2011.

Performance

SSGLX vs. VSGAX - 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 Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX). The values are adjusted to include any dividend payments, if applicable.

SSGLX vs. VSGAX - 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	-0.64%	32.64%	4.98%	15.67%	-16.44%	8.36%	11.11%	21.52%	-14.05%	27.12%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	-3.92%	8.44%	14.94%	23.04%	-28.39%	5.70%	35.26%	32.76%	-5.69%	21.92%

Returns By Period

In the year-to-date period, SSGLX achieves a -0.64% return, which is significantly higher than VSGAX's -3.92% return. Over the past 10 years, SSGLX has underperformed VSGAX with an annualized return of 8.58%, while VSGAX has yielded a comparatively higher 9.98% annualized return.

SSGLX

• 1D: 0.39%
• 1M: -10.87%
• YTD: -0.64%
• 6M: 4.10%
• 1Y: 24.88%
• 3Y*: 14.40%
• 5Y*: 6.92%
• 10Y*: 8.58%

VSGAX

• 1D: -1.76%
• 1M: -9.44%
• YTD: -3.92%
• 6M: -2.46%
• 1Y: 15.66%
• 3Y*: 10.85%
• 5Y*: 1.69%
• 10Y*: 9.98%

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

SSGLX vs. VSGAX - Expense Ratio Comparison

SSGLX has a 0.07% expense ratio, which is lower than VSGAX's 0.07% 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%.

VSGAX

Vanguard Small-Cap Growth Index Fund Admiral Shares

SSGLX

State Street Global All Cap Equity ex-U.S. Index Fund Class K

Return for Risk

SSGLX vs. VSGAX — Risk / Return Rank

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

SSGLX

SSGLX Risk / Return Rank: 81
SSGLX Sharpe Ratio Rank: 82
SSGLX Sortino Ratio Rank: 82
SSGLX Omega Ratio Rank: 81
SSGLX Calmar Ratio Rank: 82
SSGLX Martin Ratio Rank: 80

VSGAX

VSGAX Risk / Return Rank: 30
VSGAX Sharpe Ratio Rank: 27
VSGAX Sortino Ratio Rank: 30
VSGAX Omega Ratio Rank: 26
VSGAX Calmar Ratio Rank: 32
VSGAX Martin Ratio Rank: 33

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. VSGAX - 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 Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX). 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	VSGAX	Difference
Sharpe ratio Return per unit of total volatility	1.56	0.63	+0.93
Sortino ratio Return per unit of downside risk	2.12	1.04	+1.08
Omega ratio Gain probability vs. loss probability	1.32	1.14	+0.19
Calmar ratio Return relative to maximum drawdown	2.00	0.87	+1.13
Martin ratio Return relative to average drawdown	7.90	3.51	+4.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSGLX vs. VSGAX - Sharpe Ratio Comparison

The current SSGLX Sharpe Ratio is 1.56, which is higher than the VSGAX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of SSGLX and VSGAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SSGLX	VSGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.63	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.07	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.44	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.51	-0.14

Correlation

The correlation between SSGLX and VSGAX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SSGLX vs. VSGAX - Dividend Comparison

SSGLX's dividend yield for the trailing twelve months is around 4.44%, more than VSGAX's 0.54% 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	4.44%	4.41%	4.46%	2.98%	2.85%	4.20%	1.72%	4.80%	8.32%	3.98%	1.52%	2.09%
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares	0.54%	0.54%	0.54%	0.67%	0.55%	0.36%	0.44%	0.57%	0.79%	0.81%	1.08%	0.98%

Drawdowns

SSGLX vs. VSGAX - Drawdown Comparison

The maximum SSGLX drawdown since its inception was -35.88%, smaller than the maximum VSGAX drawdown of -38.70%. Use the drawdown chart below to compare losses from any high point for SSGLX and VSGAX.

Drawdown Indicators

	SSGLX	VSGAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.88%	-38.70%	+2.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.22%	-14.50%	+3.28%
Max Drawdown (5Y) Largest decline over 5 years	-30.08%	-38.36%	+8.28%
Max Drawdown (10Y) Largest decline over 10 years	-35.88%	-38.70%	+2.82%
Current Drawdown Current decline from peak	-10.87%	-11.37%	+0.50%
Average Drawdown Average peak-to-trough decline	-8.32%	-8.64%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.59%	-0.75%

Volatility

SSGLX vs. VSGAX - Volatility Comparison

The current volatility for State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) is 6.44%, while Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) has a volatility of 7.60%. This indicates that SSGLX experiences smaller price fluctuations and is considered to be less risky than VSGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSGLX	VSGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	7.60%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	15.11%	-5.09%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	24.20%	-8.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	23.49%	-9.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	22.90%	-6.75%