SSMKX vs. VO
Compare and contrast key facts about State Street Small/Mid Cap Equity Index Fund (SSMKX) and Vanguard Mid-Cap ETF (VO).
SSMKX is managed by State Street Global Advisors. It was launched on Aug 12, 2015. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSMKX or VO.
Correlation
The correlation between SSMKX and VO 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.
Performance
SSMKX vs. VO - Performance Comparison
Key characteristics
SSMKX:
0.94
VO:
1.54
SSMKX:
1.38
VO:
2.15
SSMKX:
1.17
VO:
1.27
SSMKX:
0.54
VO:
2.57
SSMKX:
4.50
VO:
6.88
SSMKX:
3.69%
VO:
2.74%
SSMKX:
17.70%
VO:
12.26%
SSMKX:
-45.04%
VO:
-58.88%
SSMKX:
-17.70%
VO:
-2.72%
Returns By Period
In the year-to-date period, SSMKX achieves a 0.64% return, which is significantly lower than VO's 4.40% return.
SSMKX
0.64%
-4.55%
6.59%
15.62%
4.80%
N/A
VO
4.40%
-0.58%
9.68%
19.22%
10.13%
9.61%
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SSMKX vs. VO - Expense Ratio Comparison
SSMKX has a 0.05% expense ratio, which is higher than VO's 0.04% expense ratio. However, 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. VO — Risk-Adjusted Performance Rank
SSMKX
VO
SSMKX vs. VO - 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 Vanguard Mid-Cap ETF (VO). 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. VO - Dividend Comparison
SSMKX's dividend yield for the trailing twelve months is around 2.10%, more than VO's 1.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSMKX State Street Small/Mid Cap Equity Index Fund | 2.10% | 2.12% | 1.67% | 1.73% | 3.63% | 0.67% | 2.29% | 1.73% | 4.77% | 1.29% | 0.68% | 0.00% |
VO Vanguard Mid-Cap ETF | 1.43% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% | 1.29% |
Drawdowns
SSMKX vs. VO - Drawdown Comparison
The maximum SSMKX drawdown since its inception was -45.04%, smaller than the maximum VO drawdown of -58.88%. Use the drawdown chart below to compare losses from any high point for SSMKX and VO. For additional features, visit the drawdowns tool.
Volatility
SSMKX vs. VO - Volatility Comparison
State Street Small/Mid Cap Equity Index Fund (SSMKX) has a higher volatility of 4.86% compared to Vanguard Mid-Cap ETF (VO) at 2.51%. This indicates that SSMKX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.