SSMKX vs. WAMFX

Last updated Jun 24, 2026

SSMKX (State Street Small/Mid Cap Equity Index Fund) and WAMFX (Boston Trust Walden Midcap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, SSMKX returned 12.92%/yr vs 10.54%/yr for WAMFX. Their correlation of 0.86 suggests significant overlap in exposure. SSMKX charges 0.04%/yr vs 0.99%/yr for WAMFX.

Performance

SSMKX vs. WAMFX - 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 Boston Trust Walden Midcap Fund (WAMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSMKX achieves a 15.04% return, which is significantly higher than WAMFX's 2.40% return. Over the past 10 years, SSMKX has outperformed WAMFX with an annualized return of 12.92%, while WAMFX has yielded a comparatively lower 10.54% annualized return.

SSMKX

• 1D: 0.09%
• 1M: 4.28%
• YTD: 15.04%
• 6M: 12.75%
• 1Y: 29.43%
• 3Y*: 20.59%
• 5Y*: 7.00%
• 10Y*: 12.92%

WAMFX

• 1D: 0.00%
• 1M: 0.83%
• YTD: 2.40%
• 6M: 1.19%
• 1Y: 7.06%
• 3Y*: 9.45%
• 5Y*: 6.29%
• 10Y*: 10.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSMKX vs. WAMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSMKX State Street Small/Mid Cap Equity Index Fund	15.04%	12.77%	17.20%	25.20%	-25.49%	12.38%	32.41%	27.82%	-9.02%	18.16%
WAMFX Boston Trust Walden Midcap Fund	2.40%	4.82%	10.39%	13.90%	-10.87%	24.85%	9.56%	36.98%	-3.59%	16.21%

Correlation

The correlation between SSMKX and WAMFX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.86

The correlation between SSMKX and WAMFX has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

Return for Risk

SSMKX vs. WAMFX — Risk / Return Rank

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

SSMKX

SSMKX Risk / Return Rank: 49
SSMKX Sharpe Ratio Rank: 42
SSMKX Sortino Ratio Rank: 40
SSMKX Omega Ratio Rank: 37
SSMKX Calmar Ratio Rank: 69
SSMKX Martin Ratio Rank: 58

WAMFX

WAMFX Risk / Return Rank: 10
WAMFX Sharpe Ratio Rank: 9
WAMFX Sortino Ratio Rank: 10
WAMFX Omega Ratio Rank: 9
WAMFX Calmar Ratio Rank: 11
WAMFX Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSMKX vs. WAMFX - 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 Boston Trust Walden Midcap Fund (WAMFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SSMKX	WAMFX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	0.71	+1.05
Sortino ratio: Return per unit of downside risk	2.46	1.13	+1.32
Omega ratio: Gain probability vs. loss probability	1.30	1.13	+0.17
Calmar ratio: Return relative to maximum drawdown	3.06	1.01	+2.05
Martin ratio: Return relative to average drawdown	11.03	2.92	+8.11

SSMKX vs. WAMFX - Sharpe Ratio Comparison

The current SSMKX Sharpe Ratio is 1.75, which is higher than the WAMFX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of SSMKX and WAMFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSMKX vs. WAMFX - Drawdown Comparison

The maximum SSMKX drawdown since its inception was -41.65%, which is greater than WAMFX's maximum drawdown of -36.81%. Use the drawdown chart below to compare losses from any high point for SSMKX and WAMFX.

Drawdown Indicators

	SSMKX	WAMFX	Difference
Max Drawdown Largest peak-to-trough decline	-41.65%	-36.81%	-4.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	-8.38%	-1.65%
Max Drawdown (3Y) Largest decline over 3 years	-26.31%	-17.51%	-8.80%
Max Drawdown (5Y) Largest decline over 5 years	-35.19%	-20.82%	-14.37%
Max Drawdown (10Y) Largest decline over 10 years	-41.65%	-36.81%	-4.84%
Current Drawdown Current decline from peak	-0.11%	-2.17%	+2.06%
Average Drawdown Average peak-to-trough decline	-8.66%	-3.93%	-4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.91%	-0.13%

Volatility

SSMKX vs. WAMFX - Volatility Comparison

State Street Small/Mid Cap Equity Index Fund (SSMKX) has a higher volatility of 5.97% compared to Boston Trust Walden Midcap Fund (WAMFX) at 3.26%. This indicates that SSMKX's price experiences larger fluctuations and is considered to be riskier than WAMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSMKX	WAMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.97%	3.26%	+2.71%
Volatility (6M) Calculated over the trailing 6-month period	13.15%	8.36%	+4.79%
Volatility (1Y) Calculated over the trailing 1-year period	17.55%	12.04%	+5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.36%	15.81%	+6.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.31%	17.49%	+4.82%

SSMKX vs. WAMFX - Expense Ratio Comparison

SSMKX has a 0.05% expense ratio, which is lower than WAMFX's 0.99% expense ratio.

Dividends

SSMKX vs. WAMFX - Dividend Comparison

SSMKX's dividend yield for the trailing twelve months is around 4.43%, less than WAMFX's 7.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSMKX State Street Small/Mid Cap Equity Index Fund	4.43%	5.10%	2.12%	2.56%	17.09%	9.69%	1.47%	5.75%	3.68%	5.52%	1.30%	0.00%
WAMFX Boston Trust Walden Midcap Fund	7.06%	7.23%	3.49%	4.84%	5.55%	4.82%	3.87%	12.83%	7.08%	0.45%	5.06%	5.54%

Frequently Asked Questions

Can I hold both SSMKX and WAMFX in my portfolio?

SSMKX and WAMFX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSMKX or WAMFX?

SSMKX has higher volatility (5.97%) compared to WAMFX (3.26%). In terms of maximum drawdown, SSMKX dropped -41.65% vs WAMFX's -36.81%.

Which has better risk-adjusted returns?

SSMKX currently has the higher Sharpe Ratio (1.75 vs 0.71), 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.