VSGAX vs. SSGLX
VSGAX (Vanguard Small-Cap Growth Index Fund Admiral Shares) and SSGLX (State Street Global All Cap Equity ex-U.S. Index Fund Class K) are both mutual funds - VSGAX is a Small Cap Growth Equities fund managed by Vanguard, while SSGLX is a Global Equities fund tracking the MSCI ACWI ex USA Investable Market Index. Over the past 10 years, VSGAX returned 11.73%/yr vs 9.80%/yr for SSGLX. A 0.66 correlation means they provide meaningful diversification when combined. VSGAX charges 0.07%/yr vs 0.07%/yr for SSGLX.
Performance
VSGAX vs. SSGLX - Performance Comparison
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Returns By Period
In the year-to-date period, VSGAX achieves a 17.46% return, which is significantly higher than SSGLX's 14.68% return. Over the past 10 years, VSGAX has outperformed SSGLX with an annualized return of 11.73%, while SSGLX has yielded a comparatively lower 9.80% annualized return.
VSGAX
- 1D
- -1.07%
- 1M
- 3.64%
- YTD
- 17.46%
- 6M
- 15.68%
- 1Y
- 32.13%
- 3Y*
- 17.71%
- 5Y*
- 5.69%
- 10Y*
- 11.73%
SSGLX
- 1D
- -0.26%
- 1M
- 4.39%
- YTD
- 14.68%
- 6M
- 16.87%
- 1Y
- 31.58%
- 3Y*
- 19.57%
- 5Y*
- 8.44%
- 10Y*
- 9.80%
VSGAX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares | 17.46% | 8.44% | 14.94% | 23.04% | -28.39% | 5.70% | 35.26% | 32.76% | -5.69% | 21.92% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 14.68% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Correlation
The correlation between VSGAX and SSGLX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014 | 0.66 |
The correlation between VSGAX and SSGLX has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
VSGAX vs. SSGLX — Risk / Return Rank
VSGAX
SSGLX
VSGAX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
| VSGAX | SSGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.46 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.90 | -0.02 |
| Martin ratioReturn relative to average drawdown | 10.99 | 11.26 | -0.27 |
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
| VSGAX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.41 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.58 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.61 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.44 | +0.13 |
Drawdowns
VSGAX vs. SSGLX - Drawdown Comparison
The maximum VSGAX drawdown since its inception was -38.70%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for VSGAX and SSGLX.
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Drawdown Indicators
| VSGAX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -35.88% | -2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -11.22% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -27.47% | -13.56% | -13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -38.36% | -30.08% | -8.28% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -35.88% | -2.82% |
Current DrawdownCurrent decline from peak | -1.07% | -0.26% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -8.23% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.88% | +0.10% |
Volatility
VSGAX vs. SSGLX - Volatility Comparison
Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) has a higher volatility of 5.45% compared to State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) at 4.56%. This indicates that VSGAX's price experiences larger fluctuations and is considered to be riskier than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSGAX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 4.56% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 11.39% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 13.54% | +5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.56% | 14.74% | +8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.00% | 16.23% | +6.77% |
VSGAX vs. SSGLX - Expense Ratio Comparison
VSGAX has a 0.07% expense ratio, which is higher than SSGLX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VSGAX vs. SSGLX - Dividend Comparison
VSGAX's dividend yield for the trailing twelve months is around 0.44%, less than SSGLX's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 3.85% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
VSGAX Vanguard Small-Cap Growth Index Fund Admiral Shares | 0.44% | 0.54% | 0.54% | 0.67% | 0.55% | 0.36% | 0.44% | 0.57% | 0.79% | 0.81% | 1.08% | 0.98% |
Frequently Asked Questions
VSGAX and SSGLX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSGAX has higher volatility (5.45%) compared to SSGLX (4.56%). In terms of maximum drawdown, VSGAX dropped -38.70% vs SSGLX's -35.88%.
SSGLX currently has the higher Sharpe Ratio (2.41 vs 1.69), 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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