Correlation
The correlation between SSMHX and SPSM is 0.80, 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.
SSMHX vs. SPSM
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM).
SSMHX is managed by State Street Global Advisors. It was launched on Aug 11, 2015. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSMHX or SPSM.
Performance
SSMHX vs. SPSM - Performance Comparison
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Key characteristics
SSMHX:
0.26
SPSM:
0.03
SSMHX:
0.44
SPSM:
0.14
SSMHX:
1.06
SPSM:
1.02
SSMHX:
0.14
SPSM:
-0.02
SSMHX:
0.44
SPSM:
-0.06
SSMHX:
10.56%
SPSM:
10.16%
SSMHX:
24.96%
SPSM:
24.20%
SSMHX:
-43.83%
SPSM:
-42.89%
SSMHX:
-19.03%
SPSM:
-15.86%
Returns By Period
In the year-to-date period, SSMHX achieves a -2.24% return, which is significantly higher than SPSM's -7.76% return.
SSMHX
-2.24%
6.87%
-12.98%
6.46%
7.60%
7.15%
N/A
SPSM
-7.76%
5.01%
-15.10%
0.83%
2.86%
11.68%
7.08%
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SSMHX vs. SPSM - Expense Ratio Comparison
SSMHX has a 0.02% expense ratio, which is lower than SPSM's 0.05% 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%.
Risk-Adjusted Performance
SSMHX vs. SPSM — Risk-Adjusted Performance Rank
SSMHX
SPSM
SSMHX vs. SPSM - 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 SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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.
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Dividends
SSMHX vs. SPSM - Dividend Comparison
SSMHX's dividend yield for the trailing twelve months is around 6.04%, more than SPSM's 2.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 6.04% | 5.91% | 1.56% | 2.31% | 16.30% | 2.91% | 3.64% | 6.43% | 4.01% | 1.71% | 0.73% | 0.00% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 2.03% | 1.85% | 1.61% | 1.38% | 1.41% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% |
Drawdowns
SSMHX vs. SPSM - Drawdown Comparison
The maximum SSMHX drawdown since its inception was -43.83%, roughly equal to the maximum SPSM drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for SSMHX and SPSM.
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Volatility
SSMHX vs. SPSM - Volatility Comparison
The current volatility for State Street Small/Mid Cap Equity Index Portfolio (SSMHX) is 6.20%, while SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has a volatility of 6.64%. This indicates that SSMHX experiences smaller price fluctuations and is considered to be less risky than SPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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