SSMHX vs. SECUX

Last updated Jun 5, 2026

SSMHX (State Street Small/Mid Cap Equity Index Portfolio) and SECUX (Guggenheim StylePlus - Mid Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, SSMHX returned 11.83%/yr vs 11.28%/yr for SECUX. Their correlation of 0.94 suggests significant overlap in exposure. SSMHX charges 0.02%/yr vs 1.42%/yr for SECUX.

Performance

SSMHX vs. SECUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and Guggenheim StylePlus - Mid Growth Fund (SECUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSMHX achieves a 13.05% return, which is significantly lower than SECUX's 15.63% return. Both investments have delivered pretty close results over the past 10 years, with SSMHX having a 11.83% annualized return and SECUX not far behind at 11.28%.

SSMHX

• 1D: -0.99%
• 1M: 3.42%
• YTD: 13.05%
• 6M: 11.48%
• 1Y: 28.53%
• 3Y*: 17.77%
• 5Y*: 6.02%
• 10Y*: 11.83%

SECUX

• 1D: -0.45%
• 1M: 3.77%
• YTD: 15.63%
• 6M: 15.18%
• 1Y: 17.59%
• 3Y*: 15.45%
• 5Y*: 5.70%
• 10Y*: 11.28%

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

SSMHX vs. SECUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSMHX State Street Small/Mid Cap Equity Index Portfolio	13.05%	12.90%	10.73%	25.21%	-25.43%	13.08%	32.46%	28.00%	-9.21%	18.26%
SECUX Guggenheim StylePlus - Mid Growth Fund	15.63%	1.86%	14.29%	26.43%	-28.33%	13.39%	31.95%	32.44%	-7.76%	24.15%

Correlation

The correlation between SSMHX and SECUX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 18, 2015	0.94

The correlation between SSMHX and SECUX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

SSMHX vs. SECUX — Risk / Return Rank

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

SSMHX

SSMHX Risk / Return Rank: 42
SSMHX Sharpe Ratio Rank: 35
SSMHX Sortino Ratio Rank: 34
SSMHX Omega Ratio Rank: 32
SSMHX Calmar Ratio Rank: 57
SSMHX Martin Ratio Rank: 52

SECUX

SECUX Risk / Return Rank: 21
SECUX Sharpe Ratio Rank: 16
SECUX Sortino Ratio Rank: 17
SECUX Omega Ratio Rank: 15
SECUX Calmar Ratio Rank: 28
SECUX Martin Ratio Rank: 29

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.

SSMHX vs. SECUX - 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 Guggenheim StylePlus - Mid Growth Fund (SECUX). 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	SECUX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.12	+0.59
Sortino ratio: Return per unit of downside risk	2.42	1.68	+0.74
Omega ratio: Gain probability vs. loss probability	1.29	1.20	+0.09
Calmar ratio: Return relative to maximum drawdown	2.87	1.93	+0.94
Martin ratio: Return relative to average drawdown	10.43	6.55	+3.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSMHX vs. SECUX - Sharpe Ratio Comparison

The current SSMHX Sharpe Ratio is 1.71, which is higher than the SECUX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of SSMHX and SECUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SSMHX	SECUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.12	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.27	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.53	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.27	+0.21

Drawdowns

SSMHX vs. SECUX - Drawdown Comparison

The maximum SSMHX drawdown since its inception was -41.61%, smaller than the maximum SECUX drawdown of -71.68%. Use the drawdown chart below to compare losses from any high point for SSMHX and SECUX.

Drawdown Indicators

	SSMHX	SECUX	Difference
Max Drawdown Largest peak-to-trough decline	-41.61%	-71.68%	+30.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	-9.17%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-30.38%	-25.43%	-4.95%
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	-37.80%	+2.96%
Max Drawdown (10Y) Largest decline over 10 years	-41.61%	-38.56%	-3.05%
Current Drawdown Current decline from peak	-0.99%	-0.45%	-0.54%
Average Drawdown Average peak-to-trough decline	-9.14%	-18.41%	+9.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.70%	+0.06%

Volatility

SSMHX vs. SECUX - Volatility Comparison

State Street Small/Mid Cap Equity Index Portfolio (SSMHX) has a higher volatility of 4.82% compared to Guggenheim StylePlus - Mid Growth Fund (SECUX) at 4.46%. This indicates that SSMHX's price experiences larger fluctuations and is considered to be riskier than SECUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSMHX	SECUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.46%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	12.55%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	15.84%	+1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	21.43%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	21.18%	+1.21%

SSMHX vs. SECUX - Expense Ratio Comparison

SSMHX has a 0.02% expense ratio, which is lower than SECUX's 1.42% expense ratio.

Dividends

SSMHX vs. SECUX - Dividend Comparison

SSMHX's dividend yield for the trailing twelve months is around 6.30%, while SECUX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SECUX Guggenheim StylePlus - Mid Growth Fund	0.00%	0.00%	0.00%	2.31%	41.48%	6.54%	14.34%	2.18%	27.68%	12.89%	0.59%	14.34%
SSMHX State Street Small/Mid Cap Equity Index Portfolio	6.30%	7.12%	0.00%	1.56%	2.31%	16.30%	2.91%	3.65%	6.43%	4.01%	1.71%	0.73%

Frequently Asked Questions

Can I hold both SSMHX and SECUX in my portfolio?

With a correlation of 0.92, SSMHX and SECUX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SSMHX or SECUX?

SSMHX has higher volatility (4.82%) compared to SECUX (4.46%). In terms of maximum drawdown, SSMHX dropped -41.61% vs SECUX's -71.68%.

Which has better risk-adjusted returns?

SSMHX currently has the higher Sharpe Ratio (1.71 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.