SVSPX vs. ELFTX
Compare and contrast key facts about State Street S&P 500 Index Fund Class N (SVSPX) and Elfun Tax Exempt Income Fund (ELFTX).
SVSPX is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Dec 30, 1992. ELFTX is managed by State Street. It was launched on Jan 1, 1980.
Performance
SVSPX vs. ELFTX - Performance Comparison
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SVSPX vs. ELFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | -4.37% | 17.83% | 25.07% | 26.21% | -18.31% | 28.38% | 18.48% | 31.27% | -4.87% | 21.71% |
ELFTX Elfun Tax Exempt Income Fund | -0.57% | 3.29% | -0.14% | 4.27% | -8.97% | 0.87% | 4.50% | 7.13% | 0.91% | 4.72% |
Returns By Period
In the year-to-date period, SVSPX achieves a -4.37% return, which is significantly lower than ELFTX's -0.57% return. Over the past 10 years, SVSPX has outperformed ELFTX with an annualized return of 13.92%, while ELFTX has yielded a comparatively lower 1.40% annualized return.
SVSPX
- 1D
- 2.93%
- 1M
- -5.04%
- YTD
- -4.37%
- 6M
- -2.09%
- 1Y
- 17.31%
- 3Y*
- 18.28%
- 5Y*
- 11.67%
- 10Y*
- 13.92%
ELFTX
- 1D
- 0.20%
- 1M
- -2.20%
- YTD
- -0.57%
- 6M
- 1.05%
- 1Y
- 3.14%
- 3Y*
- 1.47%
- 5Y*
- -0.19%
- 10Y*
- 1.40%
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SVSPX vs. ELFTX - Expense Ratio Comparison
SVSPX has a 0.16% expense ratio, which is lower than ELFTX's 0.21% 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%.
Return for Risk
SVSPX vs. ELFTX — Risk / Return Rank
SVSPX
ELFTX
SVSPX vs. ELFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street S&P 500 Index Fund Class N (SVSPX) and Elfun Tax Exempt Income Fund (ELFTX). 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.
| SVSPX | ELFTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.71 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.71 | 0.96 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.81 | -0.38 |
Martin ratioReturn relative to average drawdown | 1.65 | 2.44 | -0.80 |
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
| SVSPX | ELFTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.71 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | -0.05 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.36 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.71 | -0.15 |
Correlation
The correlation between SVSPX and ELFTX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SVSPX vs. ELFTX - Dividend Comparison
SVSPX's dividend yield for the trailing twelve months is around 8.68%, more than ELFTX's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | 8.68% | 8.28% | 9.39% | 12.38% | 10.53% | 11.65% | 15.98% | 6.40% | 13.29% | 4.94% | 8.63% | 4.05% |
ELFTX Elfun Tax Exempt Income Fund | 3.70% | 3.99% | 2.66% | 2.88% | 3.09% | 2.61% | 3.24% | 3.78% | 4.09% | 4.00% | 4.00% | 3.82% |
Drawdowns
SVSPX vs. ELFTX - Drawdown Comparison
The maximum SVSPX drawdown since its inception was -55.76%, which is greater than ELFTX's maximum drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for SVSPX and ELFTX.
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Drawdown Indicators
| SVSPX | ELFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.76% | -19.15% | -36.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -5.23% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -13.59% | -11.00% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -13.59% | -20.10% |
Current DrawdownCurrent decline from peak | -6.26% | -3.24% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -3.42% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 1.74% | +3.27% |
Volatility
SVSPX vs. ELFTX - Volatility Comparison
State Street S&P 500 Index Fund Class N (SVSPX) has a higher volatility of 5.01% compared to Elfun Tax Exempt Income Fund (ELFTX) at 1.09%. This indicates that SVSPX's price experiences larger fluctuations and is considered to be riskier than ELFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVSPX | ELFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 1.09% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 1.66% | +8.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.72% | 5.11% | +15.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 3.86% | +13.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 3.84% | +14.46% |