SVSPX vs. SSHQX
SVSPX (State Street S&P 500 Index Fund Class N) and SSHQX (State Street Hedged International Developed Equity Index Fund) are both mutual funds - SVSPX is a Large Cap Blend Equities fund tracking the S&P 500 Index, while SSHQX is a Foreign Large Cap Equities fund managed by State Street. Over the past 10 years, SVSPX returned 15.42%/yr vs -10.86%/yr for SSHQX. A 0.68 correlation means they provide meaningful diversification when combined. SVSPX charges 0.16%/yr vs 0.20%/yr for SSHQX.
Performance
SVSPX vs. SSHQX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SVSPX having a 10.81% return and SSHQX slightly lower at 10.27%. Over the past 10 years, SVSPX has outperformed SSHQX with an annualized return of 15.42%, while SSHQX has yielded a comparatively lower -10.86% annualized return.
SVSPX
- 1D
- -0.74%
- 1M
- 4.16%
- YTD
- 10.81%
- 6M
- 10.84%
- 1Y
- 28.00%
- 3Y*
- 22.42%
- 5Y*
- 13.79%
- 10Y*
- 15.42%
SSHQX
- 1D
- 0.06%
- 1M
- 3.92%
- YTD
- 10.27%
- 6M
- 12.09%
- 1Y
- 24.68%
- 3Y*
- 18.10%
- 5Y*
- 13.24%
- 10Y*
- -10.86%
SVSPX vs. SSHQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVSPX State Street S&P 500 Index Fund Class N | 10.81% | 17.83% | 25.07% | 26.21% | -18.31% | 28.38% | 18.48% | 31.27% | -4.87% | 21.71% |
SSHQX State Street Hedged International Developed Equity Index Fund | 10.27% | 23.42% | 13.71% | 19.74% | -4.73% | 19.32% | -89.75% | 24.83% | -9.27% | 16.85% |
Correlation
The correlation between SVSPX and SSHQX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.68 |
Over the past year, the correlation between SVSPX and SSHQX has dropped to 0.46 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
SVSPX vs. SSHQX — Risk / Return Rank
SVSPX
SSHQX
SVSPX vs. SSHQX - 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 State Street Hedged International Developed Equity Index Fund (SSHQX). 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 | SSHQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.42 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 2.58 | +1.41 |
| Martin ratioReturn relative to average drawdown | 18.92 | 10.76 | +8.16 |
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 | SSHQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 2.11 | +0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.99 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | -0.34 | +1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | -0.34 | +0.92 |
Drawdowns
SVSPX vs. SSHQX - Drawdown Comparison
The maximum SVSPX drawdown since its inception was -55.76%, smaller than the maximum SSHQX drawdown of -92.12%. Use the drawdown chart below to compare losses from any high point for SVSPX and SSHQX.
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Drawdown Indicators
| SVSPX | SSHQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.76% | -92.12% | +36.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -9.69% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -13.99% | -5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.59% | -14.79% | -9.80% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -92.12% | +58.43% |
Current DrawdownCurrent decline from peak | -0.74% | -78.96% | +78.22% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -52.30% | +43.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.32% | +0.56% |
Volatility
SVSPX vs. SSHQX - Volatility Comparison
The current volatility for State Street S&P 500 Index Fund Class N (SVSPX) is 3.20%, while State Street Hedged International Developed Equity Index Fund (SSHQX) has a volatility of 3.37%. This indicates that SVSPX experiences smaller price fluctuations and is considered to be less risky than SSHQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SVSPX | SSHQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 3.37% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 9.72% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 11.84% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 13.42% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 32.23% | -13.89% |
SVSPX vs. SSHQX - Expense Ratio Comparison
SVSPX has a 0.16% expense ratio, which is lower than SSHQX's 0.20% 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
SVSPX vs. SSHQX - Dividend Comparison
SVSPX's dividend yield for the trailing twelve months is around 7.49%, more than SSHQX's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHQX State Street Hedged International Developed Equity Index Fund | 3.27% | 3.60% | 3.11% | 3.77% | 22.27% | 2.93% | 2.03% | 5.14% | 7.33% | 3.12% | 4.30% | 0.00% |
SVSPX State Street S&P 500 Index Fund Class N | 7.49% | 8.28% | 9.39% | 12.38% | 10.53% | 11.65% | 15.98% | 6.40% | 13.29% | 4.94% | 8.63% | 4.05% |
Frequently Asked Questions
SVSPX and SSHQX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSHQX has higher volatility (3.37%) compared to SVSPX (3.20%). In terms of maximum drawdown, SVSPX dropped -55.76% vs SSHQX's -92.12%.
SVSPX currently has the higher Sharpe Ratio (2.81 vs 2.11), 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.
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