SSHQX vs. GIOTX
SSHQX (State Street Hedged International Developed Equity Index Fund) and GIOTX (GMO International Developed Equity Allocation Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, SSHQX returned 12.55%/yr vs 12.13%/yr for GIOTX. Their correlation of 0.80 means they have usually moved in the same direction. SSHQX charges 0.20%/yr vs 0.00%/yr for GIOTX.
Performance
SSHQX vs. GIOTX - Performance Comparison
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Returns By Period
In the year-to-date period, SSHQX achieves a 14.11% return, which is significantly lower than GIOTX's 20.64% return. Both investments have delivered pretty close results over the past 10 years, with SSHQX having a 12.55% annualized return and GIOTX not far behind at 12.13%.
SSHQX
- 1D
- -0.51%
- 1M
- 0.56%
- 6M
- 9.17%
- YTD
- 14.11%
- 1Y
- 29.34%
- 3Y*
- 18.37%
- 5Y*
- 13.95%
- 10Y*
- 12.55%
- ALL TIME*
- 11.61%
GIOTX
- 1D
- -0.59%
- 1M
- 2.95%
- 6M
- 12.62%
- YTD
- 20.64%
- 1Y
- 40.94%
- 3Y*
- 26.35%
- 5Y*
- 15.19%
- 10Y*
- 12.13%
- ALL TIME*
- 6.50%
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 |
SSHQX vs. GIOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSHQX State Street Hedged International Developed Equity Index Fund | 14.11% | 23.42% | 13.71% | 19.74% | -4.73% | 19.32% | 2.47% | 24.83% | -9.27% | 16.85% |
GIOTX GMO International Developed Equity Allocation Fund | 20.64% | 43.70% | 10.66% | 21.03% | -12.41% | 11.14% | 7.43% | 24.45% | -19.66% | 26.38% |
Correlation
The correlation between SSHQX and GIOTX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.80 |
The correlation between SSHQX and GIOTX has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
SSHQX vs. GIOTX — Risk / Return Rank
SSHQX
GIOTX
SSHQX vs. GIOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Hedged International Developed Equity Index Fund (SSHQX) and GMO International Developed Equity Allocation Fund (GIOTX). 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.
| SSHQX | GIOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.89 | -1.01 |
| Martin ratioReturn relative to average drawdown | 11.97 | 15.11 | -3.14 |
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Drawdowns
SSHQX vs. GIOTX - Drawdown Comparison
The maximum SSHQX drawdown since its inception was -31.84%, smaller than the maximum GIOTX drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for SSHQX and GIOTX.
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Drawdown Indicators
| SSHQX | GIOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.84% | -56.51% | +24.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -10.66% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -13.40% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -28.34% | +13.55% |
Max Drawdown (10Y)Largest decline over 10 years | -31.84% | -39.29% | +7.45% |
Current DrawdownCurrent decline from peak | -0.51% | -0.59% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -14.13% | +10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.74% | -0.41% |
Volatility
SSHQX vs. GIOTX - Volatility Comparison
The current volatility for State Street Hedged International Developed Equity Index Fund (SSHQX) is 3.36%, while GMO International Developed Equity Allocation Fund (GIOTX) has a volatility of 5.03%. This indicates that SSHQX experiences smaller price fluctuations and is considered to be less risky than GIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSHQX | GIOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 5.03% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 13.48% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.59% | 16.21% | -3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 15.55% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 16.18% | -1.22% |
SSHQX vs. GIOTX - Expense Ratio Comparison
SSHQX has a 0.20% expense ratio, which is higher than GIOTX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SSHQX vs. GIOTX - Dividend Comparison
SSHQX's dividend yield for the trailing twelve months is around 3.16%, less than GIOTX's 8.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIOTX GMO International Developed Equity Allocation Fund | 8.44% | 8.04% | 5.07% | 6.54% | 4.45% | 6.67% | 4.48% | 3.74% | 3.90% | 3.15% | 4.04% | 3.39% |
SSHQX State Street Hedged International Developed Equity Index Fund | 3.16% | 3.60% | 3.11% | 3.77% | 22.27% | 2.93% | 2.03% | 5.14% | 7.33% | 3.12% | 4.30% | 0.00% |
Frequently Asked Questions
SSHQX and GIOTX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIOTX has higher volatility (5.03%) compared to SSHQX (3.36%). In terms of maximum drawdown, SSHQX dropped -31.84% vs GIOTX's -56.51%.
GIOTX currently has the higher Sharpe Ratio (2.56 vs 2.22), 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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