SSGVX vs. BTMKX
SSGVX (State Street Global All Cap Equity ex-U.S.Index Portfolio) and BTMKX (iShares MSCI EAFE International Index Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, SSGVX returned 38.45%/yr vs 9.67%/yr for BTMKX. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
SSGVX vs. BTMKX - Performance Comparison
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Returns By Period
In the year-to-date period, SSGVX achieves a 15.45% return, which is significantly higher than BTMKX's 10.68% return. Over the past 10 years, SSGVX has outperformed BTMKX with an annualized return of 38.45%, while BTMKX has yielded a comparatively lower 9.67% annualized return.
SSGVX
- 1D
- 0.60%
- 1M
- 2.88%
- YTD
- 15.45%
- 6M
- 16.31%
- 1Y
- 33.42%
- 3Y*
- 18.56%
- 5Y*
- 9.22%
- 10Y*
- 38.45%
BTMKX
- 1D
- 0.80%
- 1M
- 2.00%
- YTD
- 10.68%
- 6M
- 11.08%
- 1Y
- 25.47%
- 3Y*
- 16.39%
- 5Y*
- 9.52%
- 10Y*
- 9.67%
SSGVX vs. BTMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio | 15.45% | 32.69% | 5.01% | 15.71% | -16.42% | 8.42% | 1,010.40% | 21.71% | -14.01% | 27.18% |
BTMKX iShares MSCI EAFE International Index Fund | 10.68% | 31.70% | 3.70% | 18.37% | -14.04% | 11.30% | 8.07% | 21.96% | -13.38% | 25.17% |
Correlation
The correlation between SSGVX and BTMKX is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014 | 0.88 |
The correlation between SSGVX and BTMKX shifts across timeframes, from 0.78 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSGVX vs. BTMKX — Risk / Return Rank
SSGVX
BTMKX
SSGVX vs. BTMKX - 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 Portfolio (SSGVX) and iShares MSCI EAFE International Index Fund (BTMKX). 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.
| SSGVX | BTMKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.17 | +0.73 |
| Martin ratioReturn relative to average drawdown | 11.10 | 8.11 | +2.99 |
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Drawdowns
SSGVX vs. BTMKX - Drawdown Comparison
The maximum SSGVX drawdown since its inception was -35.79%, which is greater than BTMKX's maximum drawdown of -33.92%. Use the drawdown chart below to compare losses from any high point for SSGVX and BTMKX.
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Drawdown Indicators
| SSGVX | BTMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.79% | -33.92% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -11.30% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -13.66% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | -29.23% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -33.92% | -1.87% |
Current DrawdownCurrent decline from peak | -0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -7.74% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.02% | -0.10% |
Volatility
SSGVX vs. BTMKX - Volatility Comparison
State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX) has a higher volatility of 5.79% compared to iShares MSCI EAFE International Index Fund (BTMKX) at 4.99%. This indicates that SSGVX's price experiences larger fluctuations and is considered to be riskier than BTMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSGVX | BTMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 4.99% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 12.94% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 15.58% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 16.25% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 282.18% | 16.67% | +265.51% |
SSGVX vs. BTMKX - Expense Ratio Comparison
Both SSGVX and BTMKX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SSGVX vs. BTMKX - Dividend Comparison
SSGVX's dividend yield for the trailing twelve months is around 2.88%, less than BTMKX's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTMKX iShares MSCI EAFE International Index Fund | 3.38% | 3.74% | 3.43% | 3.19% | 2.80% | 3.06% | 1.99% | 3.34% | 4.58% | 2.45% | 2.85% | 2.42% |
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio | 2.88% | 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
SSGVX and BTMKX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGVX has higher volatility (5.79%) compared to BTMKX (4.99%). In terms of maximum drawdown, SSGVX dropped -35.79% vs BTMKX's -33.92%.
SSGVX currently has the higher Sharpe Ratio (2.26 vs 1.57), 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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