SSMKX vs. IJH
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Fund (SSMKX) and iShares Core S&P Mid-Cap ETF (IJH).
SSMKX is managed by State Street. It was launched on Aug 12, 2015. IJH is a passively managed fund by iShares that tracks the performance of the S&P MidCap 400 Index. It was launched on May 22, 2000.
Performance
SSMKX vs. IJH - Performance Comparison
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SSMKX vs. IJH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSMKX State Street Small/Mid Cap Equity Index Fund | -1.19% | 12.77% | 17.20% | 25.20% | -25.49% | 12.38% | 32.41% | 27.82% | -9.02% | 18.16% |
IJH iShares Core S&P Mid-Cap ETF | 3.42% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 16.26% |
Returns By Period
In the year-to-date period, SSMKX achieves a -1.19% return, which is significantly lower than IJH's 3.42% return. Over the past 10 years, SSMKX has outperformed IJH with an annualized return of 11.29%, while IJH has yielded a comparatively lower 10.57% annualized return.
SSMKX
- 1D
- 3.42%
- 1M
- -5.59%
- YTD
- -1.19%
- 6M
- -0.97%
- 1Y
- 20.97%
- 3Y*
- 15.57%
- 5Y*
- 4.63%
- 10Y*
- 11.29%
IJH
- 1D
- 0.84%
- 1M
- -5.33%
- YTD
- 3.42%
- 6M
- 4.74%
- 1Y
- 17.69%
- 3Y*
- 12.37%
- 5Y*
- 6.75%
- 10Y*
- 10.57%
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SSMKX vs. IJH - Expense Ratio Comparison
SSMKX has a 0.05% expense ratio, which is lower than IJH'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%.
Return for Risk
SSMKX vs. IJH — Risk / Return Rank
SSMKX
IJH
SSMKX vs. IJH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Small/Mid Cap Equity Index Fund (SSMKX) and iShares Core S&P Mid-Cap ETF (IJH). 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.
| SSMKX | IJH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.84 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.32 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.29 | +0.17 |
Martin ratioReturn relative to average drawdown | 6.15 | 5.56 | +0.59 |
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
| SSMKX | IJH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.84 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.34 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.50 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.44 | +0.06 |
Correlation
The correlation between SSMKX and IJH is 0.95, 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
SSMKX vs. IJH - Dividend Comparison
SSMKX's dividend yield for the trailing twelve months is around 5.16%, more than IJH's 1.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSMKX State Street Small/Mid Cap Equity Index Fund | 5.16% | 5.10% | 2.12% | 2.56% | 17.09% | 9.69% | 1.47% | 5.75% | 3.68% | 5.52% | 1.30% | 0.00% |
IJH iShares Core S&P Mid-Cap ETF | 1.30% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
Drawdowns
SSMKX vs. IJH - Drawdown Comparison
The maximum SSMKX drawdown since its inception was -41.65%, smaller than the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for SSMKX and IJH.
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Drawdown Indicators
| SSMKX | IJH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.65% | -55.07% | +13.42% |
Max Drawdown (1Y)Largest decline over 1 year | -14.48% | -14.16% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -35.19% | -24.10% | -11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -41.65% | -42.18% | +0.53% |
Current DrawdownCurrent decline from peak | -6.96% | -5.34% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -7.61% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.29% | +0.15% |
Volatility
SSMKX vs. IJH - Volatility Comparison
State Street Small/Mid Cap Equity Index Fund (SSMKX) has a higher volatility of 6.97% compared to iShares Core S&P Mid-Cap ETF (IJH) at 6.40%. This indicates that SSMKX's price experiences larger fluctuations and is considered to be riskier than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSMKX | IJH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 6.40% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 11.93% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.65% | 21.08% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.27% | 19.74% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 21.16% | +1.07% |