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SSHQX vs. SVSPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SSHQX vs. SVSPX

Last updated Apr 2, 2026

Compare and contrast key facts about State Street Hedged International Developed Equity Index Fund (SSHQX) and State Street S&P 500 Index Fund Class N (SVSPX).

SSHQX is managed by State Street. It was launched on May 29, 2015. SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992.

Performance

SSHQX vs. SVSPX - 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 S&P 500 Index Fund Class N (SVSPX). The values are adjusted to include any dividend payments, if applicable.

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SSHQX vs. SVSPX - 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%
SVSPX
State Street S&P 500 Index Fund Class N		-4.37%17.83%25.07%26.21%-18.31%28.38%18.48%31.27%-4.87%21.71%

Returns By Period

In the year-to-date period, SSHQX achieves a 2.41% return, which is significantly higher than SVSPX's -4.37% return. Over the past 10 years, SSHQX has underperformed SVSPX with an annualized return of -11.24%, while SVSPX has yielded a comparatively higher 13.92% 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%

SVSPX

1D
2.93%
1M
-5.04%
YTD
-4.37%
6M
-2.09%
1Y
17.31%
3Y*
18.28%
5Y*
11.67%
10Y*
13.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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State Street Hedged International Developed Equity Index Fund

State Street S&P 500 Index Fund Class N

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Often compared with SVSPX:
SVSPX vs. FXAIXSVSPX vs. VTSAXSVSPX vs. VOOSVSPX vs. SPYSVSPX vs. VIIIXSVSPX vs. VFIAXSVSPX vs. SSEYX

SSHQX vs. SVSPX - Expense Ratio Comparison

SSHQX has a 0.20% expense ratio, which is higher than SVSPX's 0.16% 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%.

SSHQX
State Street Hedged International Developed Equity Index Fund
SVSPX
State Street S&P 500 Index Fund Class N

Return for Risk

SSHQX vs. SVSPX — 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
SVSPX
SVSPX Risk / Return Rank: 4343
Overall Rank
SVSPX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SVSPX Sortino Ratio Rank: 6666
Sortino Ratio Rank
SVSPX Omega Ratio Rank: 6363
Omega Ratio Rank
SVSPX Calmar Ratio Rank: 1414
Calmar Ratio Rank
SVSPX Martin Ratio Rank: 1616
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. SVSPX - 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 S&P 500 Index Fund Class N (SVSPX). 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.

SSHQXSVSPXDifference

Sharpe ratio

Return per unit of total volatility

1.36

1.06

+0.30

Sortino ratio

Return per unit of downside risk

1.89

1.71

+0.18

Omega ratio

Gain probability vs. loss probability

1.30

1.25

+0.06

Calmar ratio

Return relative to maximum drawdown

1.77

0.43

+1.34

Martin ratio

Return relative to average drawdown

7.39

1.65

+5.74

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. SVSPX - Sharpe Ratio Comparison

The current SSHQX Sharpe Ratio is 1.36, which is comparable to the SVSPX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of SSHQX and SVSPX, 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

SSHQXSVSPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

1.06

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.70

+0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.35

0.78

-1.13

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.36

0.56

-0.92

Correlation

The correlation between SSHQX and SVSPX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SSHQX vs. SVSPX - Dividend Comparison

SSHQX's dividend yield for the trailing twelve months is around 3.52%, less than SVSPX's 8.68% 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%
SVSPX
State Street S&P 500 Index Fund Class N		8.68%8.28%9.39%12.38%10.53%11.65%15.98%6.40%13.29%4.94%8.63%4.05%

Drawdowns

SSHQX vs. SVSPX - Drawdown Comparison

The maximum SSHQX drawdown since its inception was -92.12%, which is greater than SVSPX's maximum drawdown of -55.76%. Use the drawdown chart below to compare losses from any high point for SSHQX and SVSPX.

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Drawdown Indicators

SSHQXSVSPXDifference

Max Drawdown

Largest peak-to-trough decline

-92.12%

-55.76%

-36.36%

Max Drawdown (1Y)

Largest decline over 1 year

-11.15%

-12.15%

+1.00%

Max Drawdown (5Y)

Largest decline over 5 years

-14.79%

-24.59%

+9.80%

Max Drawdown (10Y)

Largest decline over 10 years

-92.12%

-33.69%

-58.43%

Current Drawdown

Current decline from peak

-80.46%

-6.26%

-74.20%

Average Drawdown

Average peak-to-trough decline

-51.83%

-9.28%

-42.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

5.01%

-2.27%

Volatility

SSHQX vs. SVSPX - Volatility Comparison

State Street Hedged International Developed Equity Index Fund (SSHQX) has a higher volatility of 6.05% compared to State Street S&P 500 Index Fund Class N (SVSPX) at 5.01%. This indicates that SSHQX's price experiences larger fluctuations and is considered to be riskier than SVSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SSHQXSVSPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.05%

5.01%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

9.40%

9.75%

-0.35%

Volatility (1Y)

Calculated over the trailing 1-year period

15.69%

20.72%

-5.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.32%

17.41%

-4.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.23%

18.30%

+13.93%