SSGVX vs. SSCNX
SSGVX (State Street Global All Cap Equity ex-U.S.Index Portfolio) and SSCNX (State Street Target Retirement 2040 Fund) are both mutual funds - SSGVX is a Foreign Large Cap Equities fund managed by State Street, while SSCNX is a Target Retirement Date fund managed by State Street. Over the past 10 years, SSGVX returned 38.32%/yr vs 10.26%/yr for SSCNX. Their correlation of 0.87 suggests significant overlap in exposure. SSGVX charges 0.05%/yr vs 0.20%/yr for SSCNX.
Performance
SSGVX vs. SSCNX - Performance Comparison
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Returns By Period
In the year-to-date period, SSGVX achieves a 14.99% return, which is significantly higher than SSCNX's 10.08% return. Over the past 10 years, SSGVX has outperformed SSCNX with an annualized return of 38.32%, while SSCNX has yielded a comparatively lower 10.26% annualized return.
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%
SSCNX
- 1D
- 0.41%
- 1M
- 4.29%
- YTD
- 10.08%
- 6M
- 10.69%
- 1Y
- 24.06%
- 3Y*
- 16.53%
- 5Y*
- 7.69%
- 10Y*
- 10.26%
SSGVX vs. SSCNX - 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 | 14.99% | 32.69% | 5.01% | 15.71% | -16.42% | 8.42% | 1,010.40% | 21.71% | -14.01% | 27.18% |
SSCNX State Street Target Retirement 2040 Fund | 10.08% | 19.00% | 11.21% | 17.68% | -18.55% | 11.75% | 18.72% | 24.61% | -7.45% | 18.32% |
Correlation
The correlation between SSGVX and SSCNX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.87 |
The correlation between SSGVX and SSCNX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
SSGVX vs. SSCNX — Risk / Return Rank
SSGVX
SSCNX
SSGVX 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 Portfolio (SSGVX) 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.
| SSGVX | SSCNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.49 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.07 | -0.17 |
| Martin ratioReturn relative to average drawdown | 11.24 | 13.19 | -1.95 |
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
| SSGVX | SSCNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.54 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.61 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.76 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.69 | -0.57 |
Drawdowns
SSGVX vs. SSCNX - Drawdown Comparison
The maximum SSGVX drawdown since its inception was -35.79%, which is greater than SSCNX's maximum drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for SSGVX and SSCNX.
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Drawdown Indicators
| SSGVX | SSCNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.79% | -27.49% | -8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -7.96% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -12.72% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | -26.14% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -27.49% | -8.30% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -4.77% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.85% | +1.03% |
Volatility
SSGVX vs. SSCNX - Volatility Comparison
State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX) has a higher volatility of 4.55% compared to State Street Target Retirement 2040 Fund (SSCNX) at 3.08%. This indicates that SSGVX'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
| SSGVX | SSCNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 3.08% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 7.75% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.55% | 9.63% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 12.73% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 282.29% | 13.47% | +268.82% |
SSGVX vs. SSCNX - Expense Ratio Comparison
SSGVX has a 0.05% 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
SSGVX vs. SSCNX - Dividend Comparison
SSGVX's dividend yield for the trailing twelve months is around 2.89%, less than SSCNX's 6.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSCNX State Street Target Retirement 2040 Fund | 6.55% | 7.21% | 4.97% | 3.78% | 5.39% | 5.58% | 4.63% | 6.31% | 5.11% | 0.38% | 1.77% | 1.96% |
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
SSGVX and SSCNX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGVX has higher volatility (4.55%) compared to SSCNX (3.08%). In terms of maximum drawdown, SSGVX dropped -35.79% vs SSCNX's -27.49%.
SSCNX currently has the higher Sharpe Ratio (2.54 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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