SSMHX vs. SVSPX
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Portfolio (SSMHX) and State Street S&P 500 Index Fund Class N (SVSPX).
SSMHX is managed by State Street. It was launched on Aug 11, 2015. SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992.
Performance
SSMHX vs. SVSPX - Performance Comparison
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SSMHX vs. SVSPX - 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% |
SVSPX State Street S&P 500 Index Fund Class N | -4.37% | 17.83% | 25.07% | 26.21% | -18.31% | 28.38% | 18.48% | 31.27% | -4.87% | 21.71% |
Returns By Period
The year-to-date returns for both investments are quite close, with SSMHX having a -4.45% return and SVSPX slightly higher at -4.37%. Over the past 10 years, SSMHX has underperformed SVSPX with an annualized return of 10.38%, while SVSPX has yielded a comparatively higher 13.92% annualized return.
SSMHX
- 1D
- -0.92%
- 1M
- -8.71%
- YTD
- -4.45%
- 6M
- -4.14%
- 1Y
- 17.11%
- 3Y*
- 12.19%
- 5Y*
- 3.29%
- 10Y*
- 10.38%
SVSPX
- 1D
- 2.93%
- 1M
- -5.04%
- YTD
- -4.37%
- 6M
- -2.09%
- 1Y
- 17.31%
- 3Y*
- 18.28%
- 5Y*
- 11.67%
- 10Y*
- 13.92%
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SSMHX vs. SVSPX - Expense Ratio Comparison
SSMHX has a 0.02% expense ratio, which is lower than SVSPX's 0.16% 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. SVSPX — Risk / Return Rank
SSMHX
SVSPX
SSMHX vs. SVSPX - 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 S&P 500 Index Fund Class N (SVSPX). 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 | SVSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.06 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.23 | 1.71 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.43 | +0.59 |
Martin ratioReturn relative to average drawdown | 4.33 | 1.65 | +2.69 |
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 | SVSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.06 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.70 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.78 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.56 | -0.16 |
Correlation
The correlation between SSMHX and SVSPX is 0.83, 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. SVSPX - Dividend Comparison
SSMHX's dividend yield for the trailing twelve months is around 7.46%, less than SVSPX's 8.68% 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% |
SVSPX State Street S&P 500 Index Fund Class N | 8.68% | 8.28% | 9.39% | 12.38% | 10.53% | 11.65% | 15.98% | 6.40% | 13.29% | 4.94% | 8.63% | 4.05% |
Drawdowns
SSMHX vs. SVSPX - Drawdown Comparison
The maximum SSMHX drawdown since its inception was -41.61%, smaller than the maximum SVSPX drawdown of -55.76%. Use the drawdown chart below to compare losses from any high point for SSMHX and SVSPX.
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Drawdown Indicators
| SSMHX | SVSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.61% | -55.76% | +14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -12.15% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -24.59% | -10.25% |
Max Drawdown (10Y)Largest decline over 10 years | -41.61% | -33.69% | -7.92% |
Current DrawdownCurrent decline from peak | -10.03% | -6.26% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -9.28% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 5.01% | -1.60% |
Volatility
SSMHX vs. SVSPX - Volatility Comparison
State Street Small/Mid Cap Equity Index Portfolio (SSMHX) has a higher volatility of 5.96% compared to State Street S&P 500 Index Fund Class N (SVSPX) at 5.01%. This indicates that SSMHX's price experiences larger fluctuations and is considered to be riskier than SVSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSMHX | SVSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 5.01% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 9.75% | +3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 20.72% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 17.41% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 18.30% | +4.03% |