SSMHX vs. SSAFX
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and State Street Aggregate Bond Index Portfolio (SSAFX).
SSMHX is managed by State Street. It was launched on Aug 11, 2015. SSAFX is managed by State Street. It was launched on Sep 19, 2014.
Performance
SSMHX vs. SSAFX - Performance Comparison
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SSMHX vs. SSAFX - 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% |
SSAFX State Street Aggregate Bond Index Portfolio | -0.18% | 6.81% | 1.34% | 5.61% | -13.30% | -1.72% | 978.57% | 8.69% | -0.12% | 3.38% |
Returns By Period
In the year-to-date period, SSMHX achieves a -4.45% return, which is significantly lower than SSAFX's -0.18% return. Over the past 10 years, SSMHX has underperformed SSAFX with an annualized return of 10.38%, while SSAFX has yielded a comparatively higher 27.88% 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%
SSAFX
- 1D
- 0.53%
- 1M
- -1.96%
- YTD
- -0.18%
- 6M
- 0.82%
- 1Y
- 4.12%
- 3Y*
- 3.42%
- 5Y*
- 0.15%
- 10Y*
- 27.88%
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SSMHX vs. SSAFX - Expense Ratio Comparison
SSMHX has a 0.02% expense ratio, which is lower than SSAFX's 0.02% 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. SSAFX — Risk / Return Rank
SSMHX
SSAFX
SSMHX vs. SSAFX - 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 State Street Aggregate Bond Index Portfolio (SSAFX). 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 | SSAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.04 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.49 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.96 | -0.94 |
Martin ratioReturn relative to average drawdown | 4.33 | 5.43 | -1.10 |
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 | SSAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.04 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.02 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.10 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.09 | +0.31 |
Correlation
The correlation between SSMHX and SSAFX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SSMHX vs. SSAFX - Dividend Comparison
SSMHX's dividend yield for the trailing twelve months is around 7.46%, more than SSAFX's 4.08% 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% |
SSAFX State Street Aggregate Bond Index Portfolio | 4.08% | 3.70% | 3.76% | 3.16% | 2.49% | 1.90% | 2.41% | 2.88% | 2.82% | 2.42% | 2.21% | 3.21% |
Drawdowns
SSMHX vs. SSAFX - Drawdown Comparison
The maximum SSMHX drawdown since its inception was -41.61%, which is greater than SSAFX's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for SSMHX and SSAFX.
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Drawdown Indicators
| SSMHX | SSAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.61% | -18.74% | -22.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -2.52% | -11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -18.10% | -16.74% |
Max Drawdown (10Y)Largest decline over 10 years | -41.61% | -18.74% | -22.87% |
Current DrawdownCurrent decline from peak | -10.03% | -3.20% | -6.83% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -4.44% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 0.91% | +2.50% |
Volatility
SSMHX vs. SSAFX - Volatility Comparison
State Street Small/Mid Cap Equity Index Portfolio (SSMHX) has a higher volatility of 5.96% compared to State Street Aggregate Bond Index Portfolio (SSAFX) at 1.60%. This indicates that SSMHX's price experiences larger fluctuations and is considered to be riskier than SSAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSMHX | SSAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 1.60% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 2.50% | +10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 4.20% | +18.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 5.92% | +16.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 277.46% | -255.13% |