SSHQX vs. RERGX

Last updated Jun 23, 2026

SSHQX (State Street Hedged International Developed Equity Index Fund) and RERGX (American Funds EUPAC Fund Class R-6) are both Foreign Large Cap Equities funds. Over the past 10 years, SSHQX returned 12.74%/yr vs 9.36%/yr for RERGX. Their correlation of 0.81 suggests significant overlap in exposure. SSHQX charges 0.20%/yr vs 0.47%/yr for RERGX.

Performance

SSHQX vs. RERGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Hedged International Developed Equity Index Fund (SSHQX) and American Funds EUPAC Fund Class R-6 (RERGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SSHQX having a 13.04% return and RERGX slightly lower at 12.66%. Over the past 10 years, SSHQX has outperformed RERGX with an annualized return of 12.74%, while RERGX has yielded a comparatively lower 9.36% annualized return.

SSHQX

• 1D: 0.93%
• 1M: 3.19%
• YTD: 13.04%
• 6M: 13.76%
• 1Y: 29.76%
• 3Y*: 18.34%
• 5Y*: 13.93%
• 10Y*: 12.74%

RERGX

• 1D: 0.89%
• 1M: 3.86%
• YTD: 12.66%
• 6M: 13.54%
• 1Y: 30.28%
• 3Y*: 15.20%
• 5Y*: 5.58%
• 10Y*: 9.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSHQX vs. RERGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSHQX State Street Hedged International Developed Equity Index Fund	13.04%	23.42%	13.71%	19.74%	-4.73%	19.32%	2.47%	24.83%	-9.27%	16.85%
RERGX American Funds EUPAC Fund Class R-6	12.66%	29.34%	3.00%	16.11%	-22.77%	2.84%	25.27%	27.40%	-17.33%	31.19%

Correlation

The correlation between SSHQX and RERGX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.81

The correlation between SSHQX and RERGX has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

Return for Risk

SSHQX vs. RERGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSHQX

SSHQX Risk / Return Rank: 72
SSHQX Sharpe Ratio Rank: 76
SSHQX Sortino Ratio Rank: 74
SSHQX Omega Ratio Rank: 78
SSHQX Calmar Ratio Rank: 65
SSHQX Martin Ratio Rank: 69

RERGX

RERGX Risk / Return Rank: 43
RERGX Sharpe Ratio Rank: 43
RERGX Sortino Ratio Rank: 41
RERGX Omega Ratio Rank: 44
RERGX Calmar Ratio Rank: 42
RERGX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSHQX vs. RERGX - 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 American Funds EUPAC Fund Class R-6 (RERGX). 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	RERGX	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.79	+0.56
Sortino ratio: Return per unit of downside risk	3.27	2.51	+0.76
Omega ratio: Gain probability vs. loss probability	1.46	1.33	+0.13
Calmar ratio: Return relative to maximum drawdown	2.98	2.35	+0.63
Martin ratio: Return relative to average drawdown	12.44	8.74	+3.70

SSHQX vs. RERGX - Sharpe Ratio Comparison

The current SSHQX Sharpe Ratio is 2.34, which is higher than the RERGX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of SSHQX and RERGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSHQX vs. RERGX - Drawdown Comparison

The maximum SSHQX drawdown since its inception was -31.84%, smaller than the maximum RERGX drawdown of -37.30%. Use the drawdown chart below to compare losses from any high point for SSHQX and RERGX.

Drawdown Indicators

	SSHQX	RERGX	Difference
Max Drawdown Largest peak-to-trough decline	-31.84%	-37.30%	+5.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-12.52%	+2.83%
Max Drawdown (3Y) Largest decline over 3 years	-13.99%	-15.62%	+1.63%
Max Drawdown (5Y) Largest decline over 5 years	-14.79%	-37.30%	+22.51%
Max Drawdown (10Y) Largest decline over 10 years	-31.84%	-37.30%	+5.46%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.34%	-9.19%	+5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	3.36%	-1.05%

Volatility

SSHQX vs. RERGX - Volatility Comparison

The current volatility for State Street Hedged International Developed Equity Index Fund (SSHQX) is 3.94%, while American Funds EUPAC Fund Class R-6 (RERGX) has a volatility of 6.85%. This indicates that SSHQX experiences smaller price fluctuations and is considered to be less risky than RERGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSHQX	RERGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	6.85%	-2.91%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	14.29%	-4.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	16.47%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	16.88%	-3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	17.01%	-1.85%

SSHQX vs. RERGX - Expense Ratio Comparison

SSHQX has a 0.20% expense ratio, which is lower than RERGX's 0.47% expense ratio.

Dividends

SSHQX vs. RERGX - Dividend Comparison

SSHQX's dividend yield for the trailing twelve months is around 3.19%, less than RERGX's 16.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RERGX American Funds EUPAC Fund Class R-6	16.30%	13.95%	4.96%	3.95%	2.02%	10.19%	0.41%	3.14%	3.17%	4.99%	1.64%	3.43%
SSHQX State Street Hedged International Developed Equity Index Fund	3.19%	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

Can I hold both SSHQX and RERGX in my portfolio?

SSHQX and RERGX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSHQX or RERGX?

RERGX has higher volatility (6.85%) compared to SSHQX (3.94%). In terms of maximum drawdown, SSHQX dropped -31.84% vs RERGX's -37.30%.

Which has better risk-adjusted returns?

SSHQX currently has the higher Sharpe Ratio (2.34 vs 1.79), 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.