SSMHX vs. AA
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and Alcoa Corporation (AA).
SSMHX is managed by State Street Global Advisors. It was launched on Aug 11, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSMHX or AA.
Correlation
The correlation between SSMHX and AA is 0.50, 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.
Performance
SSMHX vs. AA - Performance Comparison
Key characteristics
SSMHX:
1.04
AA:
0.90
SSMHX:
1.48
AA:
1.49
SSMHX:
1.19
AA:
1.17
SSMHX:
0.70
AA:
0.57
SSMHX:
4.06
AA:
2.58
SSMHX:
4.63%
AA:
16.23%
SSMHX:
18.06%
AA:
46.28%
SSMHX:
-43.83%
AA:
-90.90%
SSMHX:
-12.70%
AA:
-60.72%
Returns By Period
In the year-to-date period, SSMHX achieves a 5.40% return, which is significantly higher than AA's -4.08% return.
SSMHX
5.40%
1.33%
8.84%
15.49%
5.62%
N/A
AA
-4.08%
-8.32%
6.85%
33.83%
17.61%
N/A
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Risk-Adjusted Performance
SSMHX vs. AA — Risk-Adjusted Performance Rank
SSMHX
AA
SSMHX vs. AA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and Alcoa Corporation (AA). 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.
Dividends
SSMHX vs. AA - Dividend Comparison
SSMHX's dividend yield for the trailing twelve months is around 1.29%, more than AA's 1.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 1.29% | 1.36% | 1.30% | 1.40% | 1.10% | 0.88% | 1.30% | 1.80% | 1.26% | 0.88% | 0.60% |
AA Alcoa Corporation | 1.10% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% |
Drawdowns
SSMHX vs. AA - Drawdown Comparison
The maximum SSMHX drawdown since its inception was -43.83%, smaller than the maximum AA drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for SSMHX and AA. For additional features, visit the drawdowns tool.
Volatility
SSMHX vs. AA - Volatility Comparison
The current volatility for State Street Small/Mid Cap Equity Index Portfolio (SSMHX) is 3.86%, while Alcoa Corporation (AA) has a volatility of 12.39%. This indicates that SSMHX experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.