SVSPX vs. MUHLX
Compare and contrast key facts about State Street S&P 500 Index Fund Class N (SVSPX) and Muhlenkamp Fund (MUHLX).
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. MUHLX is managed by Muhlenkamp. It was launched on Nov 1, 1988.
Performance
SVSPX vs. MUHLX - Performance Comparison
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SVSPX vs. MUHLX - 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% |
MUHLX Muhlenkamp Fund | 9.11% | 17.82% | 3.38% | 13.92% | 2.89% | 28.98% | 11.96% | 14.39% | -13.29% | 18.78% |
Returns By Period
In the year-to-date period, SVSPX achieves a -4.37% return, which is significantly lower than MUHLX's 9.11% return. Over the past 10 years, SVSPX has outperformed MUHLX with an annualized return of 13.92%, while MUHLX has yielded a comparatively lower 10.68% 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%
MUHLX
- 1D
- 2.42%
- 1M
- -5.65%
- YTD
- 9.11%
- 6M
- 10.37%
- 1Y
- 22.96%
- 3Y*
- 14.41%
- 5Y*
- 12.05%
- 10Y*
- 10.68%
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SVSPX vs. MUHLX - Expense Ratio Comparison
SVSPX has a 0.16% expense ratio, which is lower than MUHLX's 1.14% expense ratio.
Return for Risk
SVSPX vs. MUHLX — Risk / Return Rank
SVSPX
MUHLX
SVSPX vs. MUHLX - 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 Muhlenkamp Fund (MUHLX). 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 | MUHLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.42 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.97 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.37 | -1.94 |
Martin ratioReturn relative to average drawdown | 1.65 | 8.57 | -6.93 |
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 | MUHLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.42 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.82 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.63 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.51 | +0.04 |
Correlation
The correlation between SVSPX and MUHLX is 0.83, 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
SVSPX vs. MUHLX - Dividend Comparison
SVSPX's dividend yield for the trailing twelve months is around 8.68%, more than MUHLX's 3.06% 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% |
MUHLX Muhlenkamp Fund | 3.06% | 3.34% | 0.58% | 0.89% | 6.80% | 7.77% | 10.28% | 1.26% | 14.70% | 4.30% | 0.00% | 11.02% |
Drawdowns
SVSPX vs. MUHLX - Drawdown Comparison
The maximum SVSPX drawdown since its inception was -55.76%, smaller than the maximum MUHLX drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for SVSPX and MUHLX.
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Drawdown Indicators
| SVSPX | MUHLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.76% | -62.05% | +6.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -10.23% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -18.63% | -5.96% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -40.85% | +7.16% |
Current DrawdownCurrent decline from peak | -6.26% | -5.65% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -10.81% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 2.83% | +2.18% |
Volatility
SVSPX vs. MUHLX - Volatility Comparison
The current volatility for State Street S&P 500 Index Fund Class N (SVSPX) is 5.01%, while Muhlenkamp Fund (MUHLX) has a volatility of 6.01%. This indicates that SVSPX experiences smaller price fluctuations and is considered to be less risky than MUHLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVSPX | MUHLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 6.01% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 12.06% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.72% | 16.85% | +3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 14.77% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 17.04% | +1.26% |