SSMGX vs. SQIFX

Last updated Apr 2, 2026

Compare and contrast key facts about SIT Small Cap Growth Fund (SSMGX) and Sit Quality Income Fund (SQIFX).

SSMGX is managed by Sit. It was launched on Jul 1, 1994. SQIFX is managed by Sit. It was launched on Dec 31, 2012.

Performance

SSMGX vs. SQIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SIT Small Cap Growth Fund (SSMGX) and Sit Quality Income Fund (SQIFX). The values are adjusted to include any dividend payments, if applicable.

SSMGX vs. SQIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSMGX SIT Small Cap Growth Fund	4.90%	9.40%	13.42%	16.93%	-25.59%	15.80%	35.97%	29.19%	-10.88%	15.69%
SQIFX Sit Quality Income Fund	0.16%	6.32%	3.93%	3.39%	-2.68%	1.24%	2.89%	3.13%	0.90%	1.16%

Returns By Period

In the year-to-date period, SSMGX achieves a 4.90% return, which is significantly higher than SQIFX's 0.16% return. Over the past 10 years, SSMGX has outperformed SQIFX with an annualized return of 9.94%, while SQIFX has yielded a comparatively lower 2.08% annualized return.

SSMGX

• 1D: 3.62%
• 1M: -6.79%
• YTD: 4.90%
• 6M: 6.59%
• 1Y: 27.09%
• 3Y*: 12.73%
• 5Y*: 3.64%
• 10Y*: 9.94%

SQIFX

• 1D: 0.10%
• 1M: -0.83%
• YTD: 0.16%
• 6M: 1.10%
• 1Y: 3.94%
• 3Y*: 4.18%
• 5Y*: 2.35%
• 10Y*: 2.08%

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

SSMGX vs. SQIFX - Expense Ratio Comparison

SSMGX has a 1.50% expense ratio, which is higher than SQIFX's 0.90% expense ratio.

SSMGX

SIT Small Cap Growth Fund

SQIFX

Sit Quality Income Fund

Return for Risk

SSMGX vs. SQIFX — Risk / Return Rank

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

SSMGX

SSMGX Risk / Return Rank: 68
SSMGX Sharpe Ratio Rank: 61
SSMGX Sortino Ratio Rank: 64
SSMGX Omega Ratio Rank: 59
SSMGX Calmar Ratio Rank: 77
SSMGX Martin Ratio Rank: 77

SQIFX

SQIFX Risk / Return Rank: 87
SQIFX Sharpe Ratio Rank: 84
SQIFX Sortino Ratio Rank: 91
SQIFX Omega Ratio Rank: 80
SQIFX Calmar Ratio Rank: 92
SQIFX Martin Ratio Rank: 89

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.

SSMGX vs. SQIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SIT Small Cap Growth Fund (SSMGX) and Sit Quality Income Fund (SQIFX). 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.

	SSMGX	SQIFX	Difference
Sharpe ratio Return per unit of total volatility	1.21	1.70	-0.49
Sortino ratio Return per unit of downside risk	1.80	2.73	-0.93
Omega ratio Gain probability vs. loss probability	1.25	1.34	-0.09
Calmar ratio Return relative to maximum drawdown	2.03	2.93	-0.89
Martin ratio Return relative to average drawdown	8.41	10.48	-2.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSMGX vs. SQIFX - Sharpe Ratio Comparison

The current SSMGX Sharpe Ratio is 1.21, which is comparable to the SQIFX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of SSMGX and SQIFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SSMGX	SQIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.21	1.70	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	1.03	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	1.18	-0.72
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.05	-0.69

Correlation

The correlation between SSMGX and SQIFX is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SSMGX vs. SQIFX - Dividend Comparison

SSMGX's dividend yield for the trailing twelve months is around 5.22%, more than SQIFX's 3.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSMGX SIT Small Cap Growth Fund	5.22%	5.48%	4.69%	3.13%	1.73%	15.89%	3.44%	3.14%	9.80%	6.81%	0.17%	10.68%
SQIFX Sit Quality Income Fund	3.86%	4.21%	3.96%	2.78%	3.42%	1.23%	1.13%	1.95%	1.82%	1.16%	0.89%	0.95%

Drawdowns

SSMGX vs. SQIFX - Drawdown Comparison

The maximum SSMGX drawdown since its inception was -65.75%, which is greater than SQIFX's maximum drawdown of -4.22%. Use the drawdown chart below to compare losses from any high point for SSMGX and SQIFX.

Drawdown Indicators

	SSMGX	SQIFX	Difference
Max Drawdown Largest peak-to-trough decline	-65.75%	-4.22%	-61.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.50%	-1.55%	-11.95%
Max Drawdown (5Y) Largest decline over 5 years	-34.37%	-4.22%	-30.15%
Max Drawdown (10Y) Largest decline over 10 years	-35.72%	-4.22%	-31.50%
Current Drawdown Current decline from peak	-6.79%	-1.03%	-5.76%
Average Drawdown Average peak-to-trough decline	-19.15%	-0.45%	-18.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	0.43%	+2.84%

Volatility

SSMGX vs. SQIFX - Volatility Comparison

SIT Small Cap Growth Fund (SSMGX) has a higher volatility of 8.28% compared to Sit Quality Income Fund (SQIFX) at 0.81%. This indicates that SSMGX's price experiences larger fluctuations and is considered to be riskier than SQIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSMGX	SQIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	0.81%	+7.47%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	1.54%	+12.55%
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	2.47%	+20.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.82%	2.29%	+19.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.54%	1.77%	+19.77%