SSMKX vs. SSGJX
SSMKX (State Street Small/Mid Cap Equity Index Fund) and SSGJX (State Street Global All Cap Equity ex-U.S. Index Fund) are both mutual funds - SSMKX is a Mid Cap Blend Equities fund managed by State Street, while SSGJX is a Foreign Large Cap Equities fund managed by State Street. Over the past 10 years, SSMKX returned 12.48%/yr vs -12.87%/yr for SSGJX. A 0.67 correlation means they provide meaningful diversification when combined. SSMKX charges 0.04%/yr vs 0.27%/yr for SSGJX.
Performance
SSMKX vs. SSGJX - Performance Comparison
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Returns By Period
In the year-to-date period, SSMKX achieves a 14.17% return, which is significantly lower than SSGJX's 14.94% return. Over the past 10 years, SSMKX has outperformed SSGJX with an annualized return of 12.48%, while SSGJX has yielded a comparatively lower -12.87% annualized return.
SSMKX
- 1D
- 1.00%
- 1M
- 5.71%
- YTD
- 14.17%
- 6M
- 13.00%
- 1Y
- 29.82%
- 3Y*
- 20.36%
- 5Y*
- 7.43%
- 10Y*
- 12.48%
SSGJX
- 1D
- 0.68%
- 1M
- 4.88%
- YTD
- 14.94%
- 6M
- 18.01%
- 1Y
- 32.61%
- 3Y*
- 19.58%
- 5Y*
- 8.53%
- 10Y*
- -12.87%
SSMKX vs. SSGJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSMKX State Street Small/Mid Cap Equity Index Fund | 14.17% | 12.77% | 17.20% | 25.20% | -25.49% | 12.38% | 32.41% | 27.82% | -9.02% | 18.16% |
SSGJX State Street Global All Cap Equity ex-U.S. Index Fund | 14.94% | 32.51% | 4.92% | 15.59% | -16.57% | 8.21% | -88.91% | 21.27% | -14.19% | 27.00% |
Correlation
The correlation between SSMKX and SSGJX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.67 |
The correlation between SSMKX and SSGJX has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
SSMKX vs. SSGJX — Risk / Return Rank
SSMKX
SSGJX
SSMKX vs. SSGJX - 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 State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX). 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 | SSGJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.46 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 2.88 | +0.29 |
| Martin ratioReturn relative to average drawdown | 11.48 | 11.16 | +0.32 |
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 | SSGJX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.39 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.58 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | -0.40 | +0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | -0.39 | +0.96 |
Drawdowns
SSMKX vs. SSGJX - Drawdown Comparison
The maximum SSMKX drawdown since its inception was -41.65%, smaller than the maximum SSGJX drawdown of -92.55%. Use the drawdown chart below to compare losses from any high point for SSMKX and SSGJX.
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Drawdown Indicators
| SSMKX | SSGJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.65% | -92.55% | +50.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -11.23% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -26.31% | -13.61% | -12.70% |
Max Drawdown (5Y)Largest decline over 5 years | -35.19% | -30.19% | -5.00% |
Max Drawdown (10Y)Largest decline over 10 years | -41.65% | -92.55% | +50.90% |
Current DrawdownCurrent decline from peak | 0.00% | -82.09% | +82.09% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -50.62% | +41.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.89% | -0.13% |
Volatility
SSMKX vs. SSGJX - Volatility Comparison
State Street Small/Mid Cap Equity Index Fund (SSMKX) and State Street Global All Cap Equity ex-U.S. Index Fund (SSGJX) have volatilities of 4.70% and 4.56%, 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.
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Volatility by Period
| SSMKX | SSGJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.56% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 11.38% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 13.56% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.25% | 14.74% | +7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 32.57% | -10.31% |
SSMKX vs. SSGJX - Expense Ratio Comparison
SSMKX has a 0.05% expense ratio, which is lower than SSGJX's 0.27% 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%.
Dividends
SSMKX vs. SSGJX - Dividend Comparison
SSMKX's dividend yield for the trailing twelve months is around 4.47%, more than SSGJX's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSGJX State Street Global All Cap Equity ex-U.S. Index Fund | 3.78% | 4.34% | 4.43% | 2.93% | 2.73% | 4.07% | 1.57% | 4.69% | 8.03% | 3.98% | 1.52% | 2.09% |
SSMKX State Street Small/Mid Cap Equity Index Fund | 4.47% | 5.10% | 2.12% | 2.56% | 17.09% | 9.69% | 1.47% | 5.75% | 3.68% | 5.52% | 1.30% | 0.00% |
Frequently Asked Questions
SSMKX and SSGJX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSMKX has higher volatility (4.70%) compared to SSGJX (4.56%). In terms of maximum drawdown, SSMKX dropped -41.65% vs SSGJX's -92.55%.
SSGJX currently has the higher Sharpe Ratio (2.39 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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