SSGVX vs. SSGLX
SSGVX (State Street Global All Cap Equity ex-U.S.Index Portfolio) and SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) are both mutual funds - SSGVX is a Foreign Large Cap Equities fund managed by State Street, while SSGLX is a Global Equities fund tracking the MSCI ACWI ex USA Investable Market Index. Over the past 10 years, SSGVX returned 38.32%/yr vs 9.82%/yr for SSGLX. With a 0.99 correlation, they move nearly in lockstep. SSGVX charges 0.05%/yr vs 0.07%/yr for SSGLX.
Performance
SSGVX vs. SSGLX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SSGVX having a 14.99% return and SSGLX slightly lower at 14.98%. Over the past 10 years, SSGVX has outperformed SSGLX with an annualized return of 38.32%, while SSGLX has yielded a comparatively lower 9.82% 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%
SSGLX
- 1D
- 0.67%
- 1M
- 4.89%
- YTD
- 14.98%
- 6M
- 18.09%
- 1Y
- 32.74%
- 3Y*
- 19.68%
- 5Y*
- 8.65%
- 10Y*
- 9.82%
SSGVX vs. SSGLX - 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% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 14.98% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Correlation
The correlation between SSGVX and SSGLX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014 | 0.99 |
The correlation between SSGVX and SSGLX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
SSGVX vs. SSGLX — Risk / Return Rank
SSGVX
SSGLX
SSGVX vs. SSGLX - 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 Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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 | SSGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.46 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.89 | +0.01 |
| Martin ratioReturn relative to average drawdown | 11.24 | 11.22 | +0.02 |
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 | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.40 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.61 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.45 | -0.33 |
Drawdowns
SSGVX vs. SSGLX - Drawdown Comparison
The maximum SSGVX drawdown since its inception was -35.79%, roughly equal to the maximum SSGLX drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for SSGVX and SSGLX.
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Drawdown Indicators
| SSGVX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.79% | -35.88% | +0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.22% | -11.22% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -13.56% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | -30.08% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -35.79% | -35.88% | +0.09% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -8.23% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.88% | 0.00% |
Volatility
SSGVX vs. SSGLX - Volatility Comparison
State Street Global All Cap Equity ex-U.S.Index Portfolio (SSGVX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) have volatilities of 4.55% and 4.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSGVX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 4.55% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 11.38% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.55% | 13.56% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 14.74% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 282.29% | 16.24% | +266.05% |
SSGVX vs. SSGLX - Expense Ratio Comparison
SSGVX has a 0.05% expense ratio, which is lower than SSGLX'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%.
Dividends
SSGVX vs. SSGLX - Dividend Comparison
SSGVX's dividend yield for the trailing twelve months is around 2.89%, less than SSGLX's 3.84% yield.
| Position | 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 | 3.84% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
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
With a correlation of 1.00, SSGVX and SSGLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SSGLX has higher volatility (4.55%) compared to SSGVX (4.55%). In terms of maximum drawdown, SSGVX dropped -35.79% vs SSGLX's -35.88%.
SSGVX currently has the higher Sharpe Ratio (2.40 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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