PortfoliosLab logo
SSMKX vs. IWM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SSMKX and IWM is 0.82, 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.


Performance

SSMKX vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Small/Mid Cap Equity Index Fund (SSMKX) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

SSMKX:

0.37

IWM:

0.06

Sortino Ratio

SSMKX:

0.72

IWM:

0.28

Omega Ratio

SSMKX:

1.10

IWM:

1.03

Calmar Ratio

SSMKX:

0.28

IWM:

0.06

Martin Ratio

SSMKX:

1.14

IWM:

0.18

Ulcer Index

SSMKX:

8.31%

IWM:

9.63%

Daily Std Dev

SSMKX:

24.37%

IWM:

24.25%

Max Drawdown

SSMKX:

-45.04%

IWM:

-59.05%

Current Drawdown

SSMKX:

-19.00%

IWM:

-13.30%

Returns By Period

In the year-to-date period, SSMKX achieves a -0.96% return, which is significantly higher than IWM's -5.16% return.


SSMKX

YTD

-0.96%

1M

14.81%

6M

-3.90%

1Y

9.02%

3Y*

6.82%

5Y*

8.26%

10Y*

N/A

IWM

YTD

-5.16%

1M

12.12%

6M

-8.87%

1Y

1.41%

3Y*

7.35%

5Y*

10.65%

10Y*

6.73%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


iShares Russell 2000 ETF

SSMKX vs. IWM - Expense Ratio Comparison

SSMKX has a 0.05% expense ratio, which is lower than IWM's 0.19% 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

SSMKX vs. IWM — Risk-Adjusted Performance Rank

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

SSMKX
The Risk-Adjusted Performance Rank of SSMKX is 4343
Overall Rank
The Sharpe Ratio Rank of SSMKX is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of SSMKX is 4646
Sortino Ratio Rank
The Omega Ratio Rank of SSMKX is 4444
Omega Ratio Rank
The Calmar Ratio Rank of SSMKX is 4242
Calmar Ratio Rank
The Martin Ratio Rank of SSMKX is 4242
Martin Ratio Rank

IWM
The Risk-Adjusted Performance Rank of IWM is 2020
Overall Rank
The Sharpe Ratio Rank of IWM is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of IWM is 2121
Sortino Ratio Rank
The Omega Ratio Rank of IWM is 2121
Omega Ratio Rank
The Calmar Ratio Rank of IWM is 2020
Calmar Ratio Rank
The Martin Ratio Rank of IWM is 1919
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SSMKX vs. IWM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Small/Mid Cap Equity Index Fund (SSMKX) and iShares Russell 2000 ETF (IWM). 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.


The current SSMKX Sharpe Ratio is 0.37, which is higher than the IWM Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of SSMKX and IWM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Loading data...

Dividends

SSMKX vs. IWM - Dividend Comparison

SSMKX's dividend yield for the trailing twelve months is around 2.14%, more than IWM's 1.18% yield.


TTM20242023202220212020201920182017201620152014
SSMKX
State Street Small/Mid Cap Equity Index Fund
2.14%2.12%2.56%17.09%9.69%1.47%5.75%3.68%7.90%1.30%0.68%0.00%
IWM
iShares Russell 2000 ETF
1.18%1.15%1.35%1.48%0.94%1.04%1.26%1.40%1.26%1.38%1.54%1.26%

Drawdowns

SSMKX vs. IWM - Drawdown Comparison

The maximum SSMKX drawdown since its inception was -45.04%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for SSMKX and IWM. For additional features, visit the drawdowns tool.


Loading data...

Volatility

SSMKX vs. IWM - Volatility Comparison

State Street Small/Mid Cap Equity Index Fund (SSMKX) and iShares Russell 2000 ETF (IWM) have volatilities of 5.69% and 5.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


Loading data...