SSSYX vs. SPYG

Last updated Aug 1, 2026

SSSYX (State Street Equity 500 Index Fund Class K) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both S&P 500 funds from State Street - SSSYX tracks the S&P 500 Index while SPYG tracks the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, SSSYX returned 44.70%/yr vs 17.38%/yr for SPYG. Their correlation of 0.94 means they have usually moved in the same direction. SSSYX charges 0.02%/yr vs 0.04%/yr for SPYG.

Performance

SSSYX vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Equity 500 Index Fund Class K (SSSYX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSSYX achieves a 9.34% return, which is significantly lower than SPYG's 10.06% return. Over the past 10 years, SSSYX has outperformed SPYG with an annualized return of 44.70%, while SPYG has yielded a comparatively lower 17.38% annualized return.

SSSYX

• 1D: 1.66%
• 1M: -0.55%
• 6M: 7.79%
• YTD: 9.34%
• 1Y: 20.60%
• 3Y*: 19.01%
• 5Y*: 12.65%
• 10Y*: 44.70%
• ALL TIME*: 37.64%

SPYG

• 1D: 1.45%
• 1M: -0.05%
• 6M: 9.50%
• YTD: 10.06%
• 1Y: 21.72%
• 3Y*: 24.04%
• 5Y*: 13.28%
• 10Y*: 17.38%
• ALL TIME*: 7.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	$321.11M	$273.47M	$308.09M
SSSYX State Street Equity 500 Index Fund Class K	$0.00	$0.00	$0.00

SSSYX vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSSYX State Street Equity 500 Index Fund Class K	9.34%	17.81%	24.99%	26.27%	-18.16%	28.51%	1,083.11%	31.38%	-4.38%	21.61%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	10.06%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	30.84%	-0.12%	27.24%

Correlation

The correlation between SSSYX and SPYG is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Sep 18, 2014	0.94

The correlation between SSSYX and SPYG has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

SSSYX vs. SPYG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SSSYX

SSSYX Risk / Return Rank: 63
SSSYX Sharpe Ratio Rank: 60
SSSYX Sortino Ratio Rank: 57
SSSYX Omega Ratio Rank: 58
SSSYX Calmar Ratio Rank: 64
SSSYX Martin Ratio Rank: 76

SPYG

SPYG Risk / Return Rank: 43
SPYG Sharpe Ratio Rank: 44
SPYG Sortino Ratio Rank: 44
SPYG Omega Ratio Rank: 41
SPYG Calmar Ratio Rank: 40
SPYG Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SSSYX vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Equity 500 Index Fund Class K (SSSYX) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.

	SSSYX	SPYG	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.08	+0.35
Sortino ratio: Return per unit of downside risk	1.99	1.58	+0.41
Omega ratio: Gain probability vs. loss probability	1.26	1.19	+0.06
Calmar ratio: Return relative to maximum drawdown	2.06	1.42	+0.64
Martin ratio: Return relative to average drawdown	8.86	5.17	+3.69

SSSYX vs. SPYG - Sharpe Ratio Comparison

The current SSSYX Sharpe Ratio is 1.43, which is higher than the SPYG Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of SSSYX and SPYG, 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

SSSYX vs. SPYG - Drawdown Comparison

The maximum SSSYX drawdown since its inception was -33.77%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for SSSYX and SPYG.

Drawdown Indicators

	SSSYX	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-33.77%	-67.63%	+33.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-13.76%	+4.88%
Max Drawdown (3Y) Largest decline over 3 years	-18.74%	-22.14%	+3.40%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	-32.67%	+8.18%
Max Drawdown (10Y) Largest decline over 10 years	-33.77%	-32.67%	-1.10%
Current Drawdown Current decline from peak	-2.11%	-4.33%	+2.22%
Average Drawdown Average peak-to-trough decline	-3.89%	-24.20%	+20.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	3.78%	-1.71%

Volatility

SSSYX vs. SPYG - Volatility Comparison

The current volatility for State Street Equity 500 Index Fund Class K (SSSYX) is 3.45%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 6.08%. This indicates that SSSYX experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSSYX	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	6.08%	-2.63%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	14.85%	-4.76%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	18.18%	-5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	21.50%	-4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.13%	20.79%	+100.34%

SSSYX vs. SPYG - Expense Ratio Comparison

SSSYX has a 0.02% expense ratio, which is lower than SPYG's 0.04% 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

SSSYX vs. SPYG - Dividend Comparison

SSSYX's dividend yield for the trailing twelve months is around 1.32%, more than SPYG's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.49%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%
SSSYX State Street Equity 500 Index Fund Class K	1.32%	1.44%	1.63%	1.78%	2.16%	2.76%	1.86%	4.44%	5.18%	5.94%	2.07%	1.84%

Frequently Asked Questions

Can I hold both SSSYX and SPYG in my portfolio?

With a correlation of 0.93, SSSYX and SPYG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SSSYX or SPYG?

SPYG has higher volatility (6.08%) compared to SSSYX (3.45%). In terms of maximum drawdown, SSSYX dropped -33.77% vs SPYG's -67.63%.

Which has better risk-adjusted returns?

SSSYX currently has the higher Sharpe Ratio (1.43 vs 1.08), 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.