SUSIX vs. SPY
Compare and contrast key facts about State Street Institutional U.S. Equity Fund (SUSIX) and State Street SPDR S&P 500 ETF (SPY).
SUSIX is managed by State Street. It was launched on Nov 25, 1997. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SUSIX vs. SPY - Performance Comparison
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SUSIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUSIX State Street Institutional U.S. Equity Fund | -8.73% | 17.16% | 25.02% | 28.63% | -18.03% | 26.46% | 23.02% | 32.36% | -3.41% | 20.75% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SUSIX achieves a -8.73% return, which is significantly lower than SPY's -4.37% return. Both investments have delivered pretty close results over the past 10 years, with SUSIX having a 14.07% annualized return and SPY not far behind at 13.98%.
SUSIX
- 1D
- -0.16%
- 1M
- -7.97%
- YTD
- -8.73%
- 6M
- -5.95%
- 1Y
- 13.04%
- 3Y*
- 17.23%
- 5Y*
- 10.93%
- 10Y*
- 14.07%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SUSIX vs. SPY - Expense Ratio Comparison
SUSIX has a 0.37% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SUSIX vs. SPY — Risk / Return Rank
SUSIX
SPY
SUSIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Institutional U.S. Equity Fund (SUSIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| SUSIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.93 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.45 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.53 | -0.54 |
Martin ratioReturn relative to average drawdown | 4.05 | 7.30 | -3.25 |
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
| SUSIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.93 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.69 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.78 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.56 | -0.09 |
Correlation
The correlation between SUSIX and SPY 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.
Dividends
SUSIX vs. SPY - Dividend Comparison
SUSIX's dividend yield for the trailing twelve months is around 8.31%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUSIX State Street Institutional U.S. Equity Fund | 8.31% | 7.58% | 15.35% | 1.66% | 57.55% | 13.56% | 4.65% | 6.40% | 16.03% | 26.98% | 6.88% | 21.28% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SUSIX vs. SPY - Drawdown Comparison
The maximum SUSIX drawdown since its inception was -51.69%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SUSIX and SPY.
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Drawdown Indicators
| SUSIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.69% | -55.19% | +3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -12.05% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.45% | -24.50% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.62% | -33.72% | +1.10% |
Current DrawdownCurrent decline from peak | -10.69% | -6.24% | -4.45% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -9.09% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.52% | +0.27% |
Volatility
SUSIX vs. SPY - Volatility Comparison
The current volatility for State Street Institutional U.S. Equity Fund (SUSIX) is 4.36%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SUSIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUSIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 5.31% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | 9.47% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 19.05% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 17.06% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 17.92% | +0.10% |