SSMKX vs. IWM
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Fund (SSMKX) and iShares Russell 2000 ETF (IWM).
SSMKX is managed by State Street Global Advisors. It was launched on Aug 12, 2015. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSMKX or IWM.
Correlation
The correlation between SSMKX and IWM is 0.96, 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
Key characteristics
SSMKX:
1.09
IWM:
0.64
SSMKX:
1.58
IWM:
1.04
SSMKX:
1.20
IWM:
1.12
SSMKX:
0.62
IWM:
0.71
SSMKX:
5.19
IWM:
2.78
SSMKX:
3.66%
IWM:
4.51%
SSMKX:
17.41%
IWM:
19.63%
SSMKX:
-45.04%
IWM:
-59.05%
SSMKX:
-15.02%
IWM:
-7.21%
Returns By Period
In the year-to-date period, SSMKX achieves a 3.91% return, which is significantly higher than IWM's 1.49% return.
SSMKX
3.91%
-1.67%
12.86%
21.01%
5.48%
N/A
IWM
1.49%
-2.41%
5.68%
14.63%
7.46%
7.67%
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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
SSMKX
IWM
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.
Dividends
SSMKX vs. IWM - Dividend Comparison
SSMKX's dividend yield for the trailing twelve months is around 2.04%, more than IWM's 1.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSMKX State Street Small/Mid Cap Equity Index Fund | 2.04% | 2.12% | 1.67% | 1.73% | 3.63% | 0.67% | 2.29% | 1.73% | 4.77% | 1.29% | 0.68% | 0.00% |
IWM iShares Russell 2000 ETF | 1.13% | 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.
Volatility
SSMKX vs. IWM - Volatility Comparison
State Street Small/Mid Cap Equity Index Fund (SSMKX) and iShares Russell 2000 ETF (IWM) have volatilities of 3.73% and 3.72%, 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.