SSGVX vs. SSFNX
SSGVX (State Street Global All Cap Equity ex-U.S.Index Portfolio) and SSFNX (State Street Target Retirement Fund) are both mutual funds - SSGVX is a Foreign Large Cap Equities fund managed by State Street, while SSFNX is a Target Retirement Date fund managed by State Street. Over the past 10 years, SSGVX returned 37.71%/yr vs 5.61%/yr for SSFNX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. SSGVX charges 0.05%/yr vs 0.10%/yr for SSFNX.
Performance
SSGVX vs. SSFNX - Performance Comparison
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Returns By Period
In the year-to-date period, SSGVX achieves a 12.83% return, which is significantly higher than SSFNX's 5.13% return. Over the past 10 years, SSGVX has outperformed SSFNX with an annualized return of 37.71%, while SSFNX has yielded a comparatively lower 5.61% annualized return.
SSGVX
- 1D
- 2.99%
- 1M
- -0.39%
- 6M
- 6.34%
- YTD
- 12.83%
- 1Y
- 28.10%
- 3Y*
- 16.90%
- 5Y*
- 8.80%
- 10Y*
- 37.71%
- ALL TIME*
- 29.80%
SSFNX
- 1D
- 0.59%
- 1M
- 0.00%
- 6M
- 3.48%
- YTD
- 5.13%
- 1Y
- 10.22%
- 3Y*
- 8.89%
- 5Y*
- 4.12%
- 10Y*
- 5.61%
- ALL TIME*
- 5.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SSGVX vs. SSFNX - 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 | 12.83% | 32.69% | 5.01% | 15.71% | -16.42% | 8.42% | 1,010.40% | 21.71% | -14.01% | 27.18% |
SSFNX State Street Target Retirement Fund | 5.13% | 10.93% | 7.05% | 10.73% | -12.21% | 6.87% | 10.26% | 13.97% | -2.49% | 8.92% |
Correlation
The correlation between SSGVX and SSFNX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.80 |
The correlation between SSGVX and SSFNX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
SSGVX vs. SSFNX — Risk / Return Rank
SSGVX
SSFNX
SSGVX vs. SSFNX - 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 Fund (SSFNX). 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 | SSFNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.83 | -0.53 |
| Martin ratioReturn relative to average drawdown | 8.49 | 12.28 | -3.79 |
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Drawdowns
SSGVX vs. SSFNX - Drawdown Comparison
The maximum SSGVX drawdown since its inception was -35.79%, which is greater than SSFNX's maximum drawdown of -16.62%. Use the drawdown chart below to compare losses from any high point for SSGVX and SSFNX.
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Drawdown Indicators
| SSGVX | SSFNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.79% | -16.62% | -19.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -3.52% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -5.21% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | -16.62% | -13.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -16.62% | -19.17% |
Current DrawdownCurrent decline from peak | -2.45% | -0.42% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -2.49% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 0.81% | +2.23% |
Volatility
SSGVX vs. SSFNX - Volatility Comparison
State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX) has a higher volatility of 4.87% compared to State Street Target Retirement Fund (SSFNX) at 1.23%. This indicates that SSGVX's price experiences larger fluctuations and is considered to be riskier than SSFNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSGVX | SSFNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 1.23% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 3.97% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 4.78% | +10.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.07% | 6.63% | +8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 282.23% | 6.56% | +275.67% |
SSGVX vs. SSFNX - Expense Ratio Comparison
SSGVX has a 0.05% expense ratio, which is lower than SSFNX's 0.10% 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. SSFNX - Dividend Comparison
SSGVX's dividend yield for the trailing twelve months is around 2.95%, less than SSFNX's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSFNX State Street Target Retirement Fund | 4.63% | 4.86% | 5.78% | 5.26% | 5.12% | 6.69% | 1.61% | 3.35% | 4.40% | 2.72% | 1.84% | 2.05% |
SSGVX State Street Global All Cap Equity ex-U.S.Index Portfolio | 2.95% | 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 SSFNX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSGVX has higher volatility (4.87%) compared to SSFNX (1.23%). In terms of maximum drawdown, SSGVX dropped -35.79% vs SSFNX's -16.62%.
SSFNX currently has the higher Sharpe Ratio (2.09 vs 1.70), 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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