SSMHX vs. SCHA
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and Schwab U.S. Small-Cap ETF (SCHA).
SSMHX is managed by State Street. It was launched on Aug 11, 2015. SCHA is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Small-Cap Total Stock Market Total Return Index. It was launched on Nov 3, 2009.
Performance
SSMHX vs. SCHA - Performance Comparison
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SSMHX vs. SCHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSMHX State Street Small/Mid Cap Equity Index Portfolio | -4.45% | 12.90% | 10.73% | 25.21% | -25.43% | 13.08% | 32.46% | 28.00% | -9.21% | 18.26% |
SCHA Schwab U.S. Small-Cap ETF | 2.24% | 11.60% | 11.16% | 18.46% | -19.81% | 16.45% | 19.34% | 26.50% | -11.79% | 14.94% |
Returns By Period
In the year-to-date period, SSMHX achieves a -4.45% return, which is significantly lower than SCHA's 2.24% return. Over the past 10 years, SSMHX has outperformed SCHA with an annualized return of 10.38%, while SCHA has yielded a comparatively lower 9.84% annualized return.
SSMHX
- 1D
- -0.92%
- 1M
- -8.01%
- YTD
- -4.45%
- 6M
- -3.94%
- 1Y
- 17.75%
- 3Y*
- 12.19%
- 5Y*
- 3.29%
- 10Y*
- 10.38%
SCHA
- 1D
- 3.56%
- 1M
- -4.59%
- YTD
- 2.24%
- 6M
- 4.84%
- 1Y
- 25.65%
- 3Y*
- 13.10%
- 5Y*
- 4.29%
- 10Y*
- 9.84%
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SSMHX vs. SCHA - Expense Ratio Comparison
SSMHX has a 0.02% expense ratio, which is lower than SCHA's 0.04% 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%.
Return for Risk
SSMHX vs. SCHA — Risk / Return Rank
SSMHX
SCHA
SSMHX vs. SCHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and Schwab U.S. Small-Cap ETF (SCHA). 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.
| SSMHX | SCHA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.13 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.69 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.77 | -0.75 |
Martin ratioReturn relative to average drawdown | 4.33 | 7.39 | -3.06 |
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
| SSMHX | SCHA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.13 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.20 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.44 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.53 | -0.13 |
Correlation
The correlation between SSMHX and SCHA is 0.97, 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
SSMHX vs. SCHA - Dividend Comparison
SSMHX's dividend yield for the trailing twelve months is around 7.46%, more than SCHA's 1.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 7.46% | 7.12% | 0.00% | 1.56% | 2.31% | 16.30% | 2.91% | 3.65% | 6.43% | 4.01% | 1.71% | 0.73% |
SCHA Schwab U.S. Small-Cap ETF | 1.17% | 1.26% | 1.51% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.58% | 1.24% | 1.50% | 1.48% |
Drawdowns
SSMHX vs. SCHA - Drawdown Comparison
The maximum SSMHX drawdown since its inception was -41.61%, roughly equal to the maximum SCHA drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for SSMHX and SCHA.
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Drawdown Indicators
| SSMHX | SCHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.61% | -42.41% | +0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -14.35% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -30.79% | -4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -41.61% | -42.41% | +0.80% |
Current DrawdownCurrent decline from peak | -10.03% | -6.28% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -7.65% | -1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.43% | -0.02% |
Volatility
SSMHX vs. SCHA - Volatility Comparison
The current volatility for State Street Small/Mid Cap Equity Index Portfolio (SSMHX) is 5.96%, while Schwab U.S. Small-Cap ETF (SCHA) has a volatility of 7.40%. This indicates that SSMHX experiences smaller price fluctuations and is considered to be less risky than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSMHX | SCHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 7.40% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 13.69% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 22.89% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 21.95% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 22.67% | -0.34% |