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SSHQX vs. SSGJX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SSHQX vs. SSGJX

Last updated Apr 2, 2026

Compare and contrast key facts about State Street Hedged International Developed Equity Index Fund (SSHQX) and State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX).

SSHQX is managed by State Street. It was launched on May 29, 2015. SSGJX is managed by State Street. It was launched on Sep 17, 2014.

Performance

SSHQX vs. SSGJX - 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 State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX). The values are adjusted to include any dividend payments, if applicable.

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SSHQX vs. SSGJX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SSHQX
State Street Hedged International Developed Equity Index Fund		2.41%23.42%13.71%19.74%-4.73%19.32%-89.75%24.83%-9.27%16.85%
SSGJX
State Street Global All Cap Equity ex-U.S. Index Fund		1.26%32.51%4.92%15.59%-16.57%8.21%-88.91%21.27%-14.19%27.00%

Returns By Period

In the year-to-date period, SSHQX achieves a 2.41% return, which is significantly higher than SSGJX's 1.26% return. Over the past 10 years, SSHQX has outperformed SSGJX with an annualized return of -11.24%, while SSGJX has yielded a comparatively lower -13.69% annualized return.

SSHQX

1D
1.89%
1M
-4.81%
YTD
2.41%
6M
8.34%
1Y
21.02%
3Y*
16.59%
5Y*
12.47%
10Y*
-11.24%

SSGJX

1D
1.93%
1M
-7.38%
YTD
1.26%
6M
5.20%
1Y
26.67%
3Y*
15.05%
5Y*
6.95%
10Y*
-13.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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State Street Hedged International Developed Equity Index Fund

State Street Global All Cap Equity ex-U.S. Index Fund

Often compared with SSHQX:
SSHQX vs. ARTKXSSHQX vs. RERCXSSHQX vs. REREXSSHQX vs. FSPSXSSHQX vs. VOOSSHQX vs. FNDESSHQX vs. RERGX
Often compared with SSGJX:
SSGJX vs. VXUSSSGJX vs. SCHGSSGJX vs. SCHDSSGJX vs. FITLXSSGJX vs. SCHFSSGJX vs. SSEYXSSGJX vs. FLCH

SSHQX vs. SSGJX - Expense Ratio Comparison

SSHQX has a 0.20% expense ratio, which is lower than SSGJX's 0.27% 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%.

SSGJX
State Street Global All Cap Equity ex-U.S. Index Fund
SSHQX
State Street Hedged International Developed Equity Index Fund

Return for Risk

SSHQX vs. SSGJX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SSHQX
SSHQX Risk / Return Rank: 7373
Overall Rank
SSHQX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
SSHQX Sortino Ratio Rank: 7272
Sortino Ratio Rank
SSHQX Omega Ratio Rank: 7676
Omega Ratio Rank
SSHQX Calmar Ratio Rank: 7171
Calmar Ratio Rank
SSHQX Martin Ratio Rank: 7373
Martin Ratio Rank
SSGJX
SSGJX Risk / Return Rank: 8686
Overall Rank
SSGJX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
SSGJX Sortino Ratio Rank: 8686
Sortino Ratio Rank
SSGJX Omega Ratio Rank: 8585
Omega Ratio Rank
SSGJX Calmar Ratio Rank: 8787
Calmar Ratio Rank
SSGJX Martin Ratio Rank: 8585
Martin Ratio Rank
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. SSGJX - 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 State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX). 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.

SSHQXSSGJXDifference

Sharpe ratio

Return per unit of total volatility

1.36

1.76

-0.39

Sortino ratio

Return per unit of downside risk

1.89

2.36

-0.47

Omega ratio

Gain probability vs. loss probability

1.30

1.36

-0.06

Calmar ratio

Return relative to maximum drawdown

1.77

2.34

-0.56

Martin ratio

Return relative to average drawdown

7.39

9.12

-1.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSHQX vs. SSGJX - Sharpe Ratio Comparison

The current SSHQX Sharpe Ratio is 1.36, which is comparable to the SSGJX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of SSHQX and SSGJX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SSHQXSSGJXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

1.76

-0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.48

+0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.35

-0.42

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.36

-0.43

+0.07

Correlation

The correlation between SSHQX and SSGJX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SSHQX vs. SSGJX - Dividend Comparison

SSHQX's dividend yield for the trailing twelve months is around 3.52%, less than SSGJX's 4.29% yield.

TTM20252024202320222021202020192018201720162015
SSHQX
State Street Hedged International Developed Equity Index Fund		3.52%3.60%3.11%3.77%22.27%2.93%2.03%5.14%7.33%3.12%4.30%0.00%
SSGJX
State Street Global All Cap Equity ex-U.S. Index Fund		4.29%4.34%4.43%2.93%2.73%4.07%1.57%4.69%8.03%3.98%1.52%2.09%

Drawdowns

SSHQX vs. SSGJX - Drawdown Comparison

The maximum SSHQX drawdown since its inception was -92.12%, roughly equal to the maximum SSGJX drawdown of -92.55%. Use the drawdown chart below to compare losses from any high point for SSHQX and SSGJX.

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Drawdown Indicators

SSHQXSSGJXDifference

Max Drawdown

Largest peak-to-trough decline

-92.12%

-92.55%

+0.43%

Max Drawdown (1Y)

Largest decline over 1 year

-11.15%

-11.23%

+0.08%

Max Drawdown (5Y)

Largest decline over 5 years

-14.79%

-30.19%

+15.40%

Max Drawdown (10Y)

Largest decline over 10 years

-92.12%

-92.55%

+0.43%

Current Drawdown

Current decline from peak

-80.46%

-84.22%

+3.76%

Average Drawdown

Average peak-to-trough decline

-51.83%

-50.15%

-1.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

2.88%

-0.14%

Volatility

SSHQX vs. SSGJX - Volatility Comparison

The current volatility for State Street Hedged International Developed Equity Index Fund (SSHQX) is 6.05%, while State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) has a volatility of 6.71%. This indicates that SSHQX experiences smaller price fluctuations and is considered to be less risky than SSGJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SSHQXSSGJXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.05%

6.71%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

9.40%

10.18%

-0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

15.69%

15.57%

+0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.32%

14.52%

-1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.23%

32.52%

-0.29%