SSIAX vs. SPY
Compare and contrast key facts about 1919 Socially Responsive Balanced Fund (SSIAX) and State Street SPDR S&P 500 ETF (SPY).
SSIAX is managed by 1919 Funds. It was launched on Nov 5, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SSIAX vs. SPY - Performance Comparison
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SSIAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSIAX 1919 Socially Responsive Balanced Fund | -6.67% | 9.79% | 15.94% | 19.66% | -20.00% | 17.26% | 20.57% | 24.69% | -1.30% | 16.38% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SSIAX achieves a -6.67% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, SSIAX has underperformed SPY with an annualized return of 9.17%, while SPY has yielded a comparatively higher 13.98% annualized return.
SSIAX
- 1D
- 0.22%
- 1M
- -5.79%
- YTD
- -6.67%
- 6M
- -4.78%
- 1Y
- 6.38%
- 3Y*
- 10.59%
- 5Y*
- 5.78%
- 10Y*
- 9.17%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SSIAX vs. SPY - Expense Ratio Comparison
SSIAX has a 0.97% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SSIAX vs. SPY — Risk / Return Rank
SSIAX
SPY
SSIAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1919 Socially Responsive Balanced Fund (SSIAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| SSIAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.93 | -0.36 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.45 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.53 | -0.84 |
Martin ratioReturn relative to average drawdown | 2.68 | 7.30 | -4.62 |
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
| SSIAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.93 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.69 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.78 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.56 | +0.01 |
Correlation
The correlation between SSIAX and SPY is 0.93, 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
SSIAX vs. SPY - Dividend Comparison
SSIAX's dividend yield for the trailing twelve months is around 1.07%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSIAX 1919 Socially Responsive Balanced Fund | 1.07% | 1.23% | 0.73% | 0.51% | 0.23% | 0.41% | 0.27% | 0.62% | 7.03% | 6.21% | 7.28% | 8.74% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SSIAX vs. SPY - Drawdown Comparison
The maximum SSIAX drawdown since its inception was -40.41%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SSIAX and SPY.
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Drawdown Indicators
| SSIAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.41% | -55.19% | +14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -12.05% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.03% | -24.50% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.03% | -33.72% | +9.69% |
Current DrawdownCurrent decline from peak | -7.57% | -6.24% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -9.09% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.52% | -0.54% |
Volatility
SSIAX vs. SPY - Volatility Comparison
The current volatility for 1919 Socially Responsive Balanced Fund (SSIAX) is 3.01%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SSIAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSIAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 5.31% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 9.47% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.71% | 19.05% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 17.06% | -4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 17.92% | -5.24% |