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Relative Intelligence · Banks

How State Street (STT) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on STT alone. It places STT (State Street Corporation) against 19 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where STT stands in the market, and of the alternatives worth a closer look.

Period covered: STT's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against STT →Chart STT vs. 19 alternatives →
On this page12 sections

Key findings

How much would $10,000 in STT have grown?

This chart tracks a hypothetical $10,000 investment in STT over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of STT over the same span and STT's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 545 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of STT; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000199720022007201220172022$10,000$100,00019972004201120182025
  • SEIC$491,181+4,812% total · +14.4% a year
  • SPGI$384,837+3,748% total · +13.4% a year
  • JPM$189,407+1,794% total · +10.7% a year
  • SCHW$171,783+1,618% total · +10.3% a year
  • AB$152,318+1,423% total · +9.8% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • BNY$121,131+1,111% total · +9.0% a year
  • STT$96,326+863% total · +8.1% a year
  • BEN$44,732+347% total · +5.3% a year
  • C$11,853+18.5% total · +0.6% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 552 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of STT; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000202120222023202420252026$0$20,000$40,000$60,000202120222023202420252026
  • CAH$49,682+397% total · +37.8% a year
  • MFG$46,041+360% total · +35.7% a year
  • SMFG$44,827+348% total · +35.0% a year
  • BNY$31,954+220% total · +26.2% a year
  • CM$25,433+154% total · +20.5% a year
  • AMG$24,224+142% total · +19.4% a year
  • STT$23,984+140% total · +19.1% a year
  • JPM$22,905+129% total · +18.0% a year
  • C$21,876+119% total · +16.9% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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STT at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$46B
Industry
Asset Management
Price history from
October 1986

Returns

Past 1 year
+47.9%total return
Past 3 years
+181%+41.1% a year
Past 5 years
+96.2%+14.4% a year
Past 10 years
+212%+12.1% a year
Best calendar year
+81.6%1997
Worst calendar year
−50.7%2008
Losing years
9 of 29full calendar years

Risk

Volatility
29.9%typical yearly swing, 5 years
Sharpe ratio
0.60return per unit of risk, 5 years
Worst decline ever
−82.3%Jan 2008 to Jan 2009
From its all-time high
−13.8%below the peak

STT against the whole market

Where STT ranks among every stock and fund, and what across the market has done better.

How does STT rank among all stocks?

This section ranks STT on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how STT stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureSTTRankStanding
1-year return+47.9%588 of 3,287top 18%
3-year return+181%463 of 3,017top 15%
5-year return+96.2%704 of 2,893top 24%
10-year return+212%818 of 2,202top 37%
Volatility, 5 years29.9%705 of 2,893top 24%
Sharpe ratio, 5 years0.60664 of 2,893top 23%
Worst decline, past 10 years−59.6%862 of 2,187top 39%

What has beaten STT on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). STT sits where the dashed lines cross. Anything in the green box above and to the left earned more than STT with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to STT; faint dots are 89 more of the 145 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%15.0%20.0%25.0%30.0%35.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than STTMCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%AMGN: +19.6% a year, volatility 24.9%TRV: +22.4% a year, volatility 22.3%GWW: +26.3% a year, volatility 24.9%MNST: +17.2% a year, volatility 24.9%ALL: +17.0% a year, volatility 26.2%FAST: +15.8% a year, volatility 24.6%IX: +17.9% a year, volatility 25.4%AAPL: +18.5% a year, volatility 28.0%RS: +24.8% a year, volatility 28.1%EHC: +18.4% a year, volatility 26.8%VLUE: +15.9% a year, volatility 18.4%RSPT: +16.9% a year, volatility 25.1%CHCO: +15.9% a year, volatility 22.8%NXTG: +16.2% a year, volatility 19.1%CTAS: +16.5% a year, volatility 23.1%CCEP: +19.7% a year, volatility 23.2%WMT: +20.8% a year, volatility 22.6%DXJ: +26.6% a year, volatility 19.1%COST: +17.4% a year, volatility 22.9%NVS: +17.1% a year, volatility 20.7%MSGS: +18.4% a year, volatility 25.6%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%FLTW: +21.8% a year, volatility 24.3%PGR: +21.3% a year, volatility 25.6%CB: +15.7% a year, volatility 20.4%TT: +22.7% a year, volatility 27.7%COR: +24.2% a year, volatility 22.8%ORLY: +15.9% a year, volatility 23.4%ETR: +19.2% a year, volatility 22.4%PCAR: +17.9% a year, volatility 26.1%CVX: +19.5% a year, volatility 25.2%RNR: +20.1% a year, volatility 27.8%SHEL: +21.0% a year, volatility 24.8%IOO: +15.7% a year, volatility 17.2%WELL: +26.0% a year, volatility 23.8%PPA: +16.3% a year, volatility 18.9%AIRR: +18.3% a year, volatility 25.9%TTE: +18.0% a year, volatility 25.8%CBOE: +21.5% a year, volatility 25.1%TDIV: +16.2% a year, volatility 21.3%E: +23.0% a year, volatility 25.6%EUFN: +18.5% a year, volatility 21.8%MFC: +22.6% a year, volatility 24.0%LVHI: +17.0% a year, volatility 11.1%RTX: +18.6% a year, volatility 24.3%GILD: +22.8% a year, volatility 24.9%BFC: +19.0% a year, volatility 27.3%DBJP: +20.9% a year, volatility 19.2%IHG: +21.4% a year, volatility 26.6%MO: +17.8% a year, volatility 21.4%EPU: +29.5% a year, volatility 24.9%HLT: +21.0% a year, volatility 26.8%ACGL: +20.1% a year, volatility 24.5%SDCI: +20.6% a year, volatility 18.4%WRB: +18.9% a year, volatility 22.9%SPMO: +18.7% a year, volatility 20.8%CNO: +18.8% a year, volatility 28.1%PVAL: +16.1% a year, volatility 15.1%DTM: +24.5% a year, volatility 25.2%ORI: +17.0% a year, volatility 22.2%NEU: +21.0% a year, volatility 26.8%ACT: +20.5% a year, volatility 24.3%HSBC: +33.1% a year, volatility 25.9%AXS: +16.7% a year, volatility 25.2%QTUM: +22.8% a year, volatility 28.1%CRAK: +19.8% a year, volatility 20.9%PSMT: +18.6% a year, volatility 28.2%MPLX: +23.5% a year, volatility 18.8%GARP: +17.5% a year, volatility 22.5%FRDM: +17.3% a year, volatility 22.8%FFLC: +15.7% a year, volatility 16.8%XOM: +27.1% a year, volatility 26.5%TPYP: +16.9% a year, volatility 17.3%CTBI: +16.0% a year, volatility 26.0%NANR: +17.4% a year, volatility 22.6%VLGEA: +17.8% a year, volatility 28.3%BTI: +18.7% a year, volatility 22.0%WMB: +24.6% a year, volatility 24.0%EPD: +16.4% a year, volatility 17.1%CCBG: +15.9% a year, volatility 27.5%KMI: +18.7% a year, volatility 22.5%AFL: +19.0% a year, volatility 20.8%WAB: +25.6% a year, volatility 26.2%XLE: +22.6% a year, volatility 25.5%TDG: +16.4% a year, volatility 28.0%HEI: +17.3% a year, volatility 27.8%STT: +14.4% a year, volatility 29.9%SPY (S&P 500): +12.7% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%BNY: +22.7% a year, volatility 24.4%AMG: +18.8% a year, volatility 31.9%CME: +11.2% a year, volatility 20.8%ICE: +5.4% a year, volatility 21.8%SPGI: +0.7% a year, volatility 25.6%TD: +15.8% a year, volatility 20.0%RY: +17.3% a year, volatility 18.2%CM: +19.2% a year, volatility 21.6%MFG: +33.6% a year, volatility 30.6%SMFG: +33.7% a year, volatility 29.4%BMO: +13.6% a year, volatility 21.4%CAH: +42.1% a year, volatility 24.7%ABBV: +26.1% a year, volatility 23.4%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%VGT: +18.4% a year, volatility 26.0%LLY: +40.7% a year, volatility 32.8%EWT: +20.4% a year, volatility 24.2%BRK-B: +13.4% a year, volatility 17.1%STTSPY (S&P 500)JPMBNYAMGCMEICESPGITDRYCMMFGSMFGBMOCAHABBVPMCSCOLLYEWTBRK-B10.0%15.0%20.0%25.0%30.0%35.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than STTMCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%AMGN: +19.6% a year, volatility 24.9%TRV: +22.4% a year, volatility 22.3%GWW: +26.3% a year, volatility 24.9%MNST: +17.2% a year, volatility 24.9%ALL: +17.0% a year, volatility 26.2%FAST: +15.8% a year, volatility 24.6%IX: +17.9% a year, volatility 25.4%AAPL: +18.5% a year, volatility 28.0%RS: +24.8% a year, volatility 28.1%EHC: +18.4% a year, volatility 26.8%VLUE: +15.9% a year, volatility 18.4%RSPT: +16.9% a year, volatility 25.1%CHCO: +15.9% a year, volatility 22.8%NXTG: +16.2% a year, volatility 19.1%CTAS: +16.5% a year, volatility 23.1%CCEP: +19.7% a year, volatility 23.2%WMT: +20.8% a year, volatility 22.6%DXJ: +26.6% a year, volatility 19.1%COST: +17.4% a year, volatility 22.9%NVS: +17.1% a year, volatility 20.7%MSGS: +18.4% a year, volatility 25.6%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%FLTW: +21.8% a year, volatility 24.3%PGR: +21.3% a year, volatility 25.6%CB: +15.7% a year, volatility 20.4%TT: +22.7% a year, volatility 27.7%COR: +24.2% a year, volatility 22.8%ORLY: +15.9% a year, volatility 23.4%ETR: +19.2% a year, volatility 22.4%PCAR: +17.9% a year, volatility 26.1%CVX: +19.5% a year, volatility 25.2%RNR: +20.1% a year, volatility 27.8%SHEL: +21.0% a year, volatility 24.8%IOO: +15.7% a year, volatility 17.2%WELL: +26.0% a year, volatility 23.8%PPA: +16.3% a year, volatility 18.9%AIRR: +18.3% a year, volatility 25.9%TTE: +18.0% a year, volatility 25.8%CBOE: +21.5% a year, volatility 25.1%TDIV: +16.2% a year, volatility 21.3%E: +23.0% a year, volatility 25.6%EUFN: +18.5% a year, volatility 21.8%MFC: +22.6% a year, volatility 24.0%LVHI: +17.0% a year, volatility 11.1%RTX: +18.6% a year, volatility 24.3%GILD: +22.8% a year, volatility 24.9%BFC: +19.0% a year, volatility 27.3%DBJP: +20.9% a year, volatility 19.2%IHG: +21.4% a year, volatility 26.6%MO: +17.8% a year, volatility 21.4%EPU: +29.5% a year, volatility 24.9%HLT: +21.0% a year, volatility 26.8%ACGL: +20.1% a year, volatility 24.5%SDCI: +20.6% a year, volatility 18.4%WRB: +18.9% a year, volatility 22.9%SPMO: +18.7% a year, volatility 20.8%CNO: +18.8% a year, volatility 28.1%PVAL: +16.1% a year, volatility 15.1%DTM: +24.5% a year, volatility 25.2%ORI: +17.0% a year, volatility 22.2%NEU: +21.0% a year, volatility 26.8%ACT: +20.5% a year, volatility 24.3%HSBC: +33.1% a year, volatility 25.9%AXS: +16.7% a year, volatility 25.2%QTUM: +22.8% a year, volatility 28.1%CRAK: +19.8% a year, volatility 20.9%PSMT: +18.6% a year, volatility 28.2%MPLX: +23.5% a year, volatility 18.8%GARP: +17.5% a year, volatility 22.5%FRDM: +17.3% a year, volatility 22.8%FFLC: +15.7% a year, volatility 16.8%XOM: +27.1% a year, volatility 26.5%TPYP: +16.9% a year, volatility 17.3%CTBI: +16.0% a year, volatility 26.0%NANR: +17.4% a year, volatility 22.6%VLGEA: +17.8% a year, volatility 28.3%BTI: +18.7% a year, volatility 22.0%WMB: +24.6% a year, volatility 24.0%EPD: +16.4% a year, volatility 17.1%CCBG: +15.9% a year, volatility 27.5%KMI: +18.7% a year, volatility 22.5%AFL: +19.0% a year, volatility 20.8%WAB: +25.6% a year, volatility 26.2%XLE: +22.6% a year, volatility 25.5%TDG: +16.4% a year, volatility 28.0%HEI: +17.3% a year, volatility 27.8%STT: +14.4% a year, volatility 29.9%SPY (S&P 500): +12.7% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%BNY: +22.7% a year, volatility 24.4%AMG: +18.8% a year, volatility 31.9%CME: +11.2% a year, volatility 20.8%ICE: +5.4% a year, volatility 21.8%SPGI: +0.7% a year, volatility 25.6%TD: +15.8% a year, volatility 20.0%RY: +17.3% a year, volatility 18.2%CM: +19.2% a year, volatility 21.6%MFG: +33.6% a year, volatility 30.6%SMFG: +33.7% a year, volatility 29.4%BMO: +13.6% a year, volatility 21.4%CAH: +42.1% a year, volatility 24.7%ABBV: +26.1% a year, volatility 23.4%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%VGT: +18.4% a year, volatility 26.0%LLY: +40.7% a year, volatility 32.8%EWT: +20.4% a year, volatility 24.2%BRK-B: +13.4% a year, volatility 17.1%STTSPY (S&P 500)JPMBNYAMGICESPGITDRYCMMFGSMFGCAHABBVCSCOLLYBRK-B
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than STT?

Investments that beat STT over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat STT over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks STT's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than STT follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than STT's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× STT's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than STT's.

Screen the whole market against STT for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with STT?lower diversifies moreExpenseper year
STTState Street Corporation · this page
+14.4%29.9%0.60−59.6%+212%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.730.09%
Popular alternativesbest 6 shownThe investments people most often weigh against STT. 7 of 19 passed at least one test.
JPMJPMorgan Chase & Co. · Banks
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+17.3%24.3%0.78−43.6%+537%0.77—
BNYBank of New York Mellon Corp · Banks
Higher return, lower volatilityHigher Sharpe, smaller worst decline+22.7%24.4%0.97−50.5%+341%0.86—
AMGAffiliated Managers Group, Inc. · Asset Management
Higher return, similar volatilityHigher return in most periods+18.8%31.9%0.70−78.5%+185%0.72—
CMECME Group Inc. · Capital Markets
Smaller losses in recent crashes+11.2%20.8%0.62−37.4%+319%0.10—
ICEIntercontinental Exchange, Inc. · Capital Markets
Smaller losses in recent crashes+5.4%21.8%0.35−34.3%+240%0.48—
SPGIS&P Global Inc. · Financial Data
Smaller losses in recent crashes+0.7%25.6%0.16−39.8%+293%0.58—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Banks and the categories next to it (Regional Banks, Capital Markets, Payment Processing, Asset Management), plus STT's specific themes. 31 of 128 passed at least one test.
TDThe Toronto-Dominion Bank · Banks
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+15.8%20.0%0.84−42.0%+310%0.68—
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+17.3%18.2%0.97−40.0%+352%0.69—
CMCanadian Imperial Bank of Commerce · Banks
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+19.2%21.6%0.93−47.3%+395%0.70—
MFGMizuho Financial Group, Inc. · Banks
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+33.6%30.6%1.10−45.7%+345%0.38—
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+33.7%29.4%1.14−47.6%+474%0.35—
BMOBank of Montreal · Banks
Similar return, lower volatilityHigher Sharpe, smaller worst decline+13.6%21.4%0.71−51.0%+295%0.72—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 630 of 3,486 passed at least one test.
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+42.1%24.7%1.55−46.1%+349%0.21—
ABBVAbbVie Inc. · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+26.1%23.4%1.11−45.1%+603%0.16—
PMPhilip Morris International Inc. · Tobacco
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+21.0%23.4%0.94−42.9%+242%0.31—
CSCOCisco Systems, Inc. · Communications Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+16.8%26.1%0.73−42.0%+374%0.42—
VGTVanguard Information Technology ETF · Technology Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+18.4%26.0%0.78−35.1%+779%0.550.09%
LLYEli Lilly and Company · Pharmaceuticals
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%-0.06—
EWTiShares MSCI Taiwan ETF · International Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+20.4%24.2%0.89−38.9%+468%0.470.59%
BRK-BBerkshire Hathaway Inc. · Insurance
Similar return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+13.4%17.1%0.82−29.6%+274%0.42—
What these numbers mean for STT
Annual return
STT returned 14.4% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $19,600. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
STT's volatility over the past 5 years was 29.9%, 1.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, STT's return lands within 29.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
STT's Sharpe ratio over the past 5 years was 0.60, against 0.79 for the S&P 500, so STT earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
STT's worst fall from a peak to a low over the past 10 years was 59.6%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 59.6% fall takes a 147% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, STT's monthly returns had a correlation of 0.73 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against STT instead: the lower it is, the more that option would diversify a STT holding. Guide: Correlation and diversification →
Show all 145 stocks and funds worth at least $500 million that earned more than STT with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with STTExpense
1
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.21—
2
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.16—
3
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.31—
4
CSCOCisco Systems, Inc. · Communications Equipment
Whole market+16.8%26.1%0.73−42.0%+374%0.42—
5
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.11—
6
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.3%24.8%0.74−43.4%+241%0.13—
7
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.27—
8
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.550.09%
9
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.52—
10
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.56—
11
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.18—
12
ALLThe Allstate Corporation · Property & Casualty Insurance
Whole market+17.0%26.2%0.73−41.4%+356%0.31—
13
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+576%0.40—
14
IXORIX Corporation · Diversified Financials
Whole market+17.9%25.4%0.78−42.5%+284%0.53—
15
AAPLApple Inc. · Computer Hardware
Whole market+18.5%28.0%0.75−38.5%+1,168%0.39—
16
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.93−40.8%+626%0.39—
17
TDThe Toronto-Dominion Bank · Banks
Same or nearby category+15.8%20.0%0.84−42.0%+310%0.68—
18
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%0.470.59%
19
EHCEncompass Health Corporation · Health Care Facilities
Whole market+18.4%26.8%0.77−39.5%+340%0.30—
20
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Whole market+15.9%18.4%0.90−39.5%+286%0.690.15%
21
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Whole market+16.9%25.1%0.75−33.7%+572%0.610.40%
22
CHCOCity Holding Company · Banks - Regional
Whole market+15.9%22.8%0.77−32.3%+286%0.57—
23
NXTGFirst Trust Indxx NextG ETF · Technology
Whole market+16.2%19.1%0.89−33.6%+330%0.530.70%
24
CTASCintas Corporation · Business Services
Whole market+16.5%23.1%0.78−48.4%+808%0.48—
25
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.29—
26
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.26—
27
RYRoyal Bank of Canada · Banks
Same or nearby category+17.3%18.2%0.97−40.0%+352%0.69—
28
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.290.48%
29
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.30—
30
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.19—
31
MSGSMadison Square Garden Sports Corp. · Entertainment
Whole market+18.4%25.6%0.79−41.6%+432%0.43—
32
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.30—
33
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%0.020.40%
34
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.450.19%
35
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.25—
36
CBChubb Limited · Property & Casualty Insurance
Whole market+15.7%20.4%0.82−42.6%+248%0.46—
37
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.47—
38
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.32—
39
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.9%23.4%0.75−42.0%+393%0.33—
40
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.34—
41
PCARPACCAR Inc · Commercial Vehicles
Whole market+17.9%26.1%0.76−37.9%+314%0.63—
42
CVXChevron Corporation · Integrated Oil & Gas
Whole market+19.5%25.2%0.84−55.8%+238%0.36—
43
RNRRenaissanceRe Holdings Ltd. · Insurance
Whole market+20.1%27.8%0.80−40.7%+215%0.17—
44
SHELShell plc · Integrated Oil & Gas
Whole market+21.0%24.8%0.90−67.2%+233%0.30—
45
CMCanadian Imperial Bank of Commerce · Banks
Same or nearby category+19.2%21.6%0.93−47.3%+395%0.70—
46
IOOiShares Global 100 ETF · Global Equity
Whole market+15.7%17.2%0.94−31.4%+361%0.670.40%
47
JPMJPMorgan Chase & Co. · Banks
Popular alternative+17.3%24.3%0.78−43.6%+537%0.77—
48
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.40—
49
PPAInvesco Aerospace & Defense ETF · Aerospace & Defense
Whole market+16.3%18.9%0.90−43.9%+344%0.550.58%
50
AIRRFirst Trust RBA American Industrial RenaissanceTM ETF · US Industrials
Whole market+18.3%25.9%0.78−42.4%+407%0.650.69%
51
TTETotalEnergies SE · Integrated Oil & Gas
Whole market+18.0%25.8%0.78−59.6%+234%0.33—
52
CBOECboe Global Markets, Inc. · Capital Markets
Same or nearby category+21.5%25.1%0.91−43.2%+463%0.17—
53
TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity
Whole market+16.2%21.3%0.81−32.0%+388%0.580.50%
54
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.43—
55
EUFNiShares MSCI Europe Financials ETF · Financial Sector Equity
Whole market+18.5%21.8%0.89−53.2%+233%0.740.49%
56
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.61—
57
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.540.40%
58
RTXRTX Corporation · Aerospace & Defense
Whole market+18.6%24.3%0.83−52.0%+317%0.33—
59
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.22—
60
BFCBank First Corporation · Banks - Regional
Whole market+19.0%27.3%0.78−39.8%+496%0.35—
61
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.360.45%
62
IHGInterContinental Hotels Group PLC · Hotels & Resorts
Whole market+21.4%26.6%0.86−59.3%+383%0.61—
63
MOAltria Group, Inc. · Tobacco
Whole market+17.8%21.4%0.88−53.7%+140%0.33—
64
EPUiShares MSCI Peru and Global Exposure ETF · International
Whole market+29.5%24.9%1.17−51.0%+275%0.440.59%
65
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+694%0.56—
66
ACGLArch Capital Group Ltd. · Property & Casualty Insurance
Whole market+20.1%24.5%0.87−53.8%+309%0.24—
67
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—0.150.80%
68
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.22—
69
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.590.13%
70
CNOCNO Financial Group, Inc. · Life Insurance
Whole market+18.8%28.1%0.76−63.8%+342%0.66—
71
PVALPutnam Focused Large Cap Value ETF · US Large-Cap Value
Whole market+16.1%15.1%1.07−41.3%—0.780.56%
72
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.50—
73
ORIOld Republic International Corporation · Property & Casualty Insurance
Whole market+17.0%22.2%0.82−47.8%+349%0.58—
74
NEUNewMarket Corporation · Specialty Chemicals
Whole market+21.0%26.8%0.85−40.7%+165%0.24—
75
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.50—
76
HSBCHSBC Holdings plc · Banks
Same or nearby category+33.1%25.9%1.24−62.3%+319%0.54—
77
BNYBank of New York Mellon Corp · Banks
Popular alternative+22.7%24.4%0.97−50.5%+341%0.86—
78
AXSAXIS Capital Holdings Limited · Property & Casualty Insurance
Whole market+16.7%25.2%0.74−49.3%+137%0.42—
79
QTUMDefiance Quantum ETF · Technology
Whole market+22.8%28.1%0.87−38.5%—0.500.40%
80
CRAKVanEck Oil Refiners ETF · Energy
Whole market+19.8%20.9%0.97−58.8%+336%0.430.61%
81
PSMTPriceSmart, Inc. · Discount Retail
Whole market+18.6%28.2%0.75−53.2%+124%0.32—
82
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.45—
83
GARPiShares MSCI USA Quality GARP ETF · Broad Market
Whole market+17.5%22.5%0.83−31.4%—0.610.15%
84
FRDMFreedom 100 Emerging Markets ETF · International
Whole market+17.3%22.8%0.82−40.5%—0.520.49%
85
FFLCFidelity Fundamental Large Cap Core ETF · Broad Market
Whole market+15.7%16.8%0.95−19.7%—0.750.38%
86
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%0.30—
87
TPYPTortoise North American Pipeline ETF · Energy
Whole market+16.9%17.3%0.99−51.9%+184%0.560.40%
88
CTBICommunity Trust Bancorp, Inc. · Banks - Regional
Whole market+16.0%26.0%0.70−43.0%+192%0.62—
89
NANRState Street SPDR S&P North American Natural Resources ETF · Broad Market
Whole market+17.4%22.6%0.83−49.1%+241%0.450.35%
90
VLGEAVillage Super Market, Inc. · Grocery Stores
Whole market+17.8%28.3%0.72−46.8%+96.3%0.30—
91
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+18.7%22.0%0.90−56.1%+98.2%0.31—
92
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Whole market+24.6%24.0%1.04−68.1%+288%0.42—
93
EPDEnterprise Products Partners L.P. · Oil & Gas Midstream
Whole market+16.4%17.1%0.98−58.1%+178%0.44—
94
CCBGCapital City Bank Group, Inc. · Banks - Regional
Whole market+15.9%27.5%0.68−45.2%+300%0.53—
95
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Whole market+18.7%22.5%0.88−55.1%+163%0.50—
96
AFLAflac Incorporated · Life Insurance
Whole market+19.0%20.8%0.95−54.9%+335%0.51—
97
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Whole market+25.6%26.2%1.00−64.1%+264%0.58—
98
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Whole market+22.6%25.5%0.93−66.8%+189%0.430.08%
99
TDGTransDigm Group Incorporated · Aerospace & Defense
Whole market+16.4%28.0%0.69−62.6%+543%0.48—
100
HEIHEICO Corporation · Aerospace & Defense
Whole market+17.3%27.8%0.71−57.7%+809%0.45—

STT against its popular alternatives

The investments people most often weigh against STT, compared period by period and year by year.

How do STT's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at STT, which divides the map into what did better or worse on each measure.

Green points earned more than STT with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

15.0%17.5%20.0%22.5%25.0%27.5%30.0%32.5%35.0%37.5%−20.0%−10.0%0.0%10.0%20.0%30.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilitySTT: 14.4% a year, volatility 29.9%SPY (S&P 500): 12.7% a year, volatility 17.1%BNY: 22.7% a year, volatility 24.4%C: 15.1% a year, volatility 29.4%JPM: 17.3% a year, volatility 24.3%MSCI: 0.1% a year, volatility 31.3%SCHW: 3.6% a year, volatility 31.9%BEN: 5.6% a year, volatility 31.7%IVZ: 6.9% a year, volatility 36.4%TROW: −8.9% a year, volatility 30.5%FIS: −19.7% a year, volatility 33.9%APAM: 0.9% a year, volatility 31.1%AMG: 18.8% a year, volatility 31.9%CME: 11.2% a year, volatility 20.8%BLK: 7.1% a year, volatility 27.1%SPGI: 0.7% a year, volatility 25.6%AB: 0.0% a year, volatility 27.6%ICE: 5.4% a year, volatility 21.8%SSNC: 4.7% a year, volatility 25.2%SEIC: 12.7% a year, volatility 22.3%NTRS: 8.9% a year, volatility 29.3%STTSPY (S&P 500)BNYCJPMMSCISCHWBENIVZTROWFISAPAMAMGCMEBLKSPGIABICESSNCSEICNTRS15.0%20.0%25.0%30.0%35.0%40.0%−20.0%−10.0%0.0%10.0%20.0%30.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilitySTT: 14.4% a year, volatility 29.9%SPY (S&P 500): 12.7% a year, volatility 17.1%BNY: 22.7% a year, volatility 24.4%C: 15.1% a year, volatility 29.4%JPM: 17.3% a year, volatility 24.3%MSCI: 0.1% a year, volatility 31.3%SCHW: 3.6% a year, volatility 31.9%BEN: 5.6% a year, volatility 31.7%IVZ: 6.9% a year, volatility 36.4%TROW: −8.9% a year, volatility 30.5%FIS: −19.7% a year, volatility 33.9%APAM: 0.9% a year, volatility 31.1%AMG: 18.8% a year, volatility 31.9%CME: 11.2% a year, volatility 20.8%BLK: 7.1% a year, volatility 27.1%SPGI: 0.7% a year, volatility 25.6%AB: 0.0% a year, volatility 27.6%ICE: 5.4% a year, volatility 21.8%SSNC: 4.7% a year, volatility 25.2%SEIC: 12.7% a year, volatility 22.3%NTRS: 8.9% a year, volatility 29.3%STTSPY (S&P 500)BNYCJPMMSCISCHWBENIVZTROWFISAPAMAMGBLKSPGIABICESSNCNTRS
All figures
InvestmentAnnual returnVolatility
BNY Bank of New York Mellon Corp+22.7%24.4%
AMG Affiliated Managers Group, Inc.+18.8%31.9%
JPM JPMorgan Chase & Co.+17.3%24.3%
C Citigroup Inc.+15.1%29.4%
STT This pageState Street Corporation+14.4%29.9%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
SEIC SEI Investments Company+12.7%22.3%
CME CME Group Inc.+11.2%20.8%
NTRS Northern Trust Corporation+8.9%29.3%
BLK BlackRock, Inc.+7.1%27.1%
IVZ Invesco Ltd.+6.9%36.4%
BEN Franklin Resources, Inc.+5.6%31.7%
ICE Intercontinental Exchange, Inc.+5.4%21.8%
SSNC SS&C Technologies Holdings, Inc.+4.7%25.2%
SCHW The Charles Schwab Corporation+3.6%31.9%
APAM Artisan Partners Asset Management Inc.+0.9%31.1%
SPGI S&P Global Inc.+0.7%25.6%
MSCI MSCI Inc.+0.1%31.3%
AB AllianceBernstein Holding L.P.0.0%27.6%
TROW T. Rowe Price Group, Inc.−8.9%30.5%
FIS Fidelity National Information Services, Inc.−19.7%33.9%
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Has STT consistently beaten its popular alternatives?

This section compares STT with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than STT helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than STT over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
STT State Street Corporation (this page)—−9.2%−8.3%+12.1%+31.3%+47.9%+181%+96.2%+212%29.9%0.60−59.6%—$46B—
AMG QualifiedAffiliated Managers Group, Inc.5/5 short2/3 long+6.6%+6.2%+29.2%+34.6%+59.9%+214%+137%+185%31.9%0.70−78.5%—$10B—
BNY Investment - Banking & Investment ServicesBank of New York Mellon Corp2/5 short3/3 long−6.3%−7.7%+7.4%+24.8%+35.3%+272%+179%+341%24.4%0.97−50.5%—$98B—
C Banks - DiversifiedCitigroup Inc.1/5 short3/3 long−9.3%−4.3%−7.0%+4.8%+26.0%+238%+102%+234%29.4%0.63−56.5%—$206B—
JPM Banks - DiversifiedJPMorgan Chase & Co.2/5 short2/3 long−4.3%−0.6%+6.8%+5.0%+13.0%+150%+122%+537%24.3%0.78−43.6%—$891B—
MSCI Financial - Data & Stock ExchangesMSCI Inc.2/5 short1/3 long+5.9%−5.0%+5.1%+5.8%+11.8%+25.5%+0.5%+702%31.3%0.16−43.7%—$43B—
CME Financial - Data & Stock ExchangesCME Group Inc.2/5 short1/3 long+7.2%+21.0%+3.8%+13.2%+14.6%+57.7%+70.1%+319%20.8%0.62−37.4%—$106B—
BLK Asset ManagementBlackRock, Inc.2/5 short1/3 long+3.5%+7.6%+8.8%+5.7%−0.6%+96.3%+41.1%+313%27.1%0.39−43.9%—$175B—
SPGI Financial - Data & Stock ExchangesS&P Global Inc.2/5 short1/3 long+8.3%−2.1%−0.6%−13.9%−7.4%+28.2%+3.7%+293%25.6%0.16−39.8%—$129B—
AB Asset ManagementAllianceBernstein Holding L.P.2/5 short1/3 long−4.1%−6.1%−6.3%−3.5%−3.7%+56.6%−0.1%+281%27.6%0.14−58.1%—$3.2B—
ICE Financial - Data & Stock ExchangesIntercontinental Exchange, Inc.2/5 short1/3 long+2.1%+12.4%−0.6%+0.1%+3.5%+52.4%+30.0%+240%21.8%0.35−34.3%—$89B—
SCHW Financial - Capital MarketsThe Charles Schwab Corporation0/5 short1/3 long−15.0%−11.1%−1.8%−9.6%−3.1%+86.2%+19.1%+221%31.9%0.27−51.1%—$157B—
BEN Asset ManagementFranklin Resources, Inc.4/5 short0/3 long−6.2%−2.1%+14.9%+35.9%+44.8%+62.4%+31.5%+49.2%31.7%0.33−62.1%—$16B—
SSNC Software - ApplicationSS&C Technologies Holdings, Inc.3/5 short0/3 long+8.1%+25.5%+22.8%+2.5%+8.3%+81.0%+26.0%+200%25.2%0.31−48.9%—$20B—
SEIC Asset ManagementSEI Investments Company3/5 short0/3 long+1.7%+7.8%+32.4%+29.8%+32.7%+102%+81.6%+168%22.3%0.65−51.8%—$13B—
IVZ Asset ManagementInvesco Ltd.3/5 short0/3 long−8.3%−2.3%+17.0%+9.3%+30.0%+158%+39.8%+50.9%36.4%0.37−79.8%—$13B—
NTRS Asset ManagementNorthern Trust Corporation1/5 short0/3 long−7.5%−9.1%+5.0%+20.6%+31.1%+180%+52.9%+205%29.3%0.44−50.0%—$30B—
TROW Asset ManagementT. Rowe Price Group, Inc.1/5 short0/3 long−2.4%−11.2%+6.7%+1.5%+3.1%+22.7%−37.4%+126%30.5%-0.16−58.2%—$22B—
FIS Information Technology ServicesFidelity National Information Services, Inc.1/5 short0/3 long+3.5%−12.8%−22.9%−42.7%−44.3%−21.6%−66.6%−41.3%33.9%-0.47−76.0%—$19B—
APAM Asset ManagementArtisan Partners Asset Management Inc.0/5 short0/3 long−10.4%−12.7%−8.8%−14.1%−16.8%+26.9%+4.6%+200%31.1%0.18−51.1%—$2.3B—
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How did STT do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where STT ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with STT and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of STT; gray means the two finished within a fraction of a point. The rank row places STT among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of STT20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
STT This pageState Street Corporation—+35.5%+30.2%+3.5%−13.8%+31.0%−4.8%+29.3%−34.0%+27.8%+19.8%−13.9%+8.7%+58.6%+19.2%−11.4%+6.6%+10.8%−50.7%+21.9%+23.2%+14.5%−4.4%+35.4%−24.5%−15.2%+71.1%+5.0%+21.5%+81.6%
Rank among alternativesTop quarter in 1 of 298 of 207 of 2014 of 205 of 2011 of 2014 of 2012 of 2016 of 2011 of 206 of 2017 of 2014 of 206 of 1915 of 198 of 1910 of 1815 of 1810 of 188 of 1712 of 1710 of 1615 of 1610 of 166 of 157 of 145 of 1411 of 138 of 136 of 12
SPY S&P 500State Street SPDR S&P 500 ETF15 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
AMG Affiliated Managers Group, Inc.16 of 28+55.9%+22.2%−4.4%−3.7%+61.8%+20.5%−11.8%−52.1%+41.9%−9.0%−24.7%−2.1%+66.6%+35.6%−3.3%+47.3%+60.7%−64.3%+11.7%+31.0%+18.5%+46.0%+38.4%−28.6%+28.5%+35.7%+35.4%+3.0%—
BNY Bank of New York Mellon Corp14 of 29+54.4%+51.9%+18.5%−19.1%+40.6%−12.9%+9.6%−10.8%+15.7%+17.1%+3.3%+18.3%+38.6%+32.1%−32.8%+9.3%+0.9%−40.4%+20.0%+26.8%−1.2%+4.8%+45.2%−38.9%−23.4%+42.7%+1.6%+41.6%+75.3%
C Citigroup Inc.13 of 29+70.4%+41.9%+19.0%−22.1%+0.9%−19.7%+57.9%−28.5%+27.0%+15.9%−4.1%+3.9%+31.8%+50.5%−44.3%+42.9%−50.6%−75.9%−44.8%+19.6%+4.6%+2.8%+41.6%−20.4%+0.1%+23.6%+70.2%−6.8%+79.9%
JPM JPMorgan Chase & Co.17 of 29+37.3%+44.3%+30.6%−12.6%+27.8%−5.5%+47.3%−6.6%+26.8%+34.5%+8.4%+9.9%+36.7%+36.2%−19.9%+2.3%+34.4%−25.1%−6.9%+25.7%+5.7%+10.0%+60.5%−30.7%−17.4%−10.1%+11.7%+32.9%+25.5%
MSCI MSCI Inc.9 of 18−3.2%+7.3%+22.9%−23.3%+38.1%+74.4%+77.2%+18.0%+62.6%+10.6%+54.0%+9.0%+41.0%−5.9%−15.5%+22.5%+79.1%−53.8%———————————
CME CME Group Inc.13 of 23+19.8%+15.4%+31.3%−22.9%+29.5%−6.3%+9.7%+32.1%+32.4%+33.9%+4.4%+18.3%+64.0%+11.4%−22.7%−2.7%+64.3%−68.8%+35.3%+39.5%+61.8%+219%+67.5%——————
BLK BlackRock, Inc.18 of 26+6.6%+29.3%+17.9%−20.4%+29.4%+47.2%+31.9%−21.6%+38.2%+14.6%−2.4%+15.7%+57.0%+19.8%−3.6%−15.9%+76.6%−37.0%+45.1%+41.8%+42.4%+47.6%+35.9%−5.5%−0.7%+144%———
SPGI S&P Global Inc.19 of 29+5.7%+13.9%+32.8%−28.4%+44.7%+21.4%+62.3%+1.4%+59.3%+10.5%+12.3%+15.5%+45.9%+30.1%+26.6%+12.0%+49.3%−45.5%−34.7%+33.5%+14.2%+33.0%+17.8%+0.8%+5.7%−3.2%+22.8%+41.1%+64.4%
AB AllianceBernstein Holding L.P.14 of 29+13.4%+30.4%−2.3%−23.4%+56.3%+23.0%+19.9%+21.0%+16.9%+7.0%−1.1%+30.3%+31.2%+42.6%−39.4%−12.2%+44.2%−70.1%−1.2%+50.2%+42.7%+28.7%+16.1%−31.8%+0.9%+82.0%+25.2%+37.5%+63.2%
ICE Intercontinental Exchange, Inc.9 of 20+9.9%+17.5%+27.1%−23.9%+19.9%+26.2%+24.5%+8.1%+26.6%+11.5%+18.3%−1.3%+82.2%+2.7%+1.2%+6.1%+36.2%−57.2%+78.4%+197%—————————
SCHW The Charles Schwab Corporation20 of 29+36.6%+9.2%−16.0%+0.1%+60.2%+13.6%+16.4%−18.4%+31.1%+21.0%+9.9%+17.2%+83.3%+29.8%−33.1%−7.8%+18.1%−36.1%+40.0%+32.8%+23.5%+1.7%+9.5%−29.5%−45.4%+11.4%+36.3%+102%+97.6%
BEN Franklin Resources, Inc.14 of 29+24.8%−27.2%+16.9%−17.5%+39.0%+1.4%−9.2%−23.4%+11.6%+9.8%−32.5%−2.3%+38.9%+35.2%−10.9%+6.5%+71.8%−43.7%+4.4%+17.8%+39.8%+34.6%+53.3%−2.5%−6.7%+19.6%+0.8%−26.1%+91.7%
SSNC SS&C Technologies Holdings, Inc.9 of 15+16.8%+25.8%+19.2%−35.7%+13.7%+19.5%+37.2%+12.1%+42.5%−15.6%+17.7%+32.5%+91.6%+27.9%−11.9%——————————————
SEIC SEI Investments Company16 of 29+0.6%+31.5%+10.6%−2.9%+7.4%−11.1%+43.4%−34.9%+46.2%−4.8%+32.1%+16.8%+50.8%+38.5%−26.0%+37.0%+13.2%−50.9%+8.3%+61.7%−11.2%+38.8%+12.4%−39.4%−19.3%+183%+20.1%+137%+90.7%
IVZ Invesco Ltd.14 of 29+56.9%+3.0%+4.2%−18.7%+35.5%+3.0%+14.9%−52.0%+24.6%−5.9%−12.1%+11.5%+43.4%+33.4%−14.6%+4.8%+66.6%−52.6%+442%+72.6%+35.5%−6.8%+36.2%−52.8%−30.3%+101%+57.5%−6.0%+103%
NTRS Northern Trust Corporation14 of 29+36.9%+25.6%−1.0%−23.8%+31.6%−9.3%+30.6%−14.7%+14.2%+26.1%+9.1%+11.1%+26.1%+29.9%−26.5%+8.1%+2.7%−30.8%+28.2%+19.1%+8.6%+6.7%+34.5%−40.9%−25.4%+55.1%+22.5%+26.7%+95.2%
TROW T. Rowe Price Group, Inc.16 of 29−4.7%+9.7%+3.4%−42.2%+34.9%+28.1%+35.6%−9.8%+43.4%+8.5%−12.2%+4.7%+31.3%+18.1%−9.8%+23.8%+54.2%−40.6%+41.1%+23.0%+17.6%+33.2%+77.2%−19.8%−16.3%+15.8%+9.3%+10.1%+46.0%
FIS Fidelity National Information Services, Inc.14 of 24−15.8%+37.0%−8.2%−36.5%−21.9%+2.7%+37.2%+10.3%+26.1%+26.6%−1.0%+17.8%+57.4%+34.1%−2.2%+17.7%+45.4%+282%+4.7%+19.1%+15.6%+9.6%+34.5%−28.1%—————
APAM Artisan Partners Asset Management Inc.4 of 12+2.8%+4.9%+60.3%−31.3%+2.8%+71.0%+67.1%−38.2%+45.2%−10.1%−23.1%−17.1%—————————————————
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Risk and diversification

How STT has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were STT's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents STT's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means STT fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringSTT fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−82.3%−43.0%Jan 2008Jan 200912 monthsDec 20145.9 years
Late-2018 sell-off−59.6%−17.8%Jan 2018Mar 20202.2 yearsJan 202222 months
Dot-com bust−51.7%−35.5%Nov 2000Mar 20032.3 yearsFeb 20062.9 years
No named crash−51.6%—Mar 1987Dec 19879 monthsAug 198920 months
No named crash−47.0%—Jun 1990Nov 19905 monthsFeb 19913 months

How did STT do in stock market crashes?

This section measures how far STT, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than STT.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
STT This pageState Street Corporation—−14.6%−41.4%−45.1%−32.3%−8.3%−34.1%−28.3%−1.9%−82.3%−50.7%
SPY S&P 500State Street SPDR S&P 500 ETF9 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
AMG Affiliated Managers Group, Inc.3 of 10−12.8%−32.9%−49.1%−38.7%−9.0%−44.4%−31.8%−4.8%−85.9%−46.4%
BNY Bank of New York Mellon Corp8 of 10−11.4%−40.5%−40.1%−16.2%−5.4%−27.0%−30.9%−0.5%−62.4%−62.6%
C Citigroup Inc.4 of 10−11.7%−39.2%−54.8%−33.1%−6.7%−40.3%−42.6%−1.0%−97.7%−52.7%
JPM JPMorgan Chase & Co.8 of 10−5.4%−37.9%−42.5%−21.3%−5.6%−22.0%−32.1%−0.1%−67.7%−74.0%
MSCI MSCI Inc.7 of 8−2.5%−35.8%−32.2%−24.6%−6.1%−13.3%−26.3%−1.7%——
CME CME Group Inc.8 of 9−3.4%−31.7%−37.4%−9.4%−4.3%−17.3%−18.0%−1.9%−77.5%—
BLK BlackRock, Inc.10 of 10−7.2%−40.8%−42.3%−25.2%−7.1%−19.9%−23.9%0.0%−60.4%−33.0%
SPGI S&P Global Inc.10 of 10−4.2%−36.3%−38.1%−24.6%−6.2%−21.3%−20.8%−0.4%−66.4%−29.5%
AB AllianceBernstein Holding L.P.5 of 10−4.1%−32.5%−58.1%−23.3%−7.5%−40.9%−28.1%0.0%−87.5%−54.7%
ICE Intercontinental Exchange, Inc.7 of 9−7.0%−33.8%−33.0%−13.3%−9.4%−12.7%−19.3%−2.0%−73.9%—
SCHW The Charles Schwab Corporation4 of 10−31.9%−36.9%−41.5%−26.5%−8.2%−37.0%−28.9%−5.5%−56.0%−83.1%
BEN Franklin Resources, Inc.8 of 10−5.5%−39.2%−40.4%−19.0%−7.1%−29.3%−32.1%−2.5%−72.5%−40.3%
SSNC SS&C Technologies Holdings, Inc.5 of 8−7.1%−44.3%−47.2%−26.7%−3.3%−26.4%−30.9%−0.9%——
SEIC SEI Investments Company5 of 10−6.9%−24.7%−47.2%−31.1%−7.3%−38.4%−31.1%−2.8%−71.2%−69.0%
IVZ Invesco Ltd.2 of 10−7.5%−43.4%−57.8%−34.4%−9.2%−33.1%−35.1%−3.6%−85.0%−82.0%
NTRS Northern Trust Corporation8 of 10−10.7%−36.0%−39.0%−27.2%−8.1%−29.9%−25.4%0.0%−60.5%−65.2%
TROW T. Rowe Price Group, Inc.7 of 10−6.8%−48.2%−38.0%−23.4%−7.2%−15.0%−23.4%−1.7%−67.4%−54.1%
FIS Fidelity National Information Services, Inc.7 of 9−20.2%−38.5%−34.7%−13.1%−8.0%−23.4%−23.3%0.0%−46.4%—
APAM Artisan Partners Asset Management Inc.2 of 6−6.8%−39.4%−49.7%−38.0%−10.1%−46.5%————
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How closely does STT move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares STT with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than STT's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
STT This pageState Street Corporation128%166%0.771.48
CME CME Group Inc.50%11%4.480.33
JPM JPMorgan Chase & Co.117%103%1.141.09
MSCI MSCI Inc.131%121%1.081.12
SCHW The Charles Schwab Corporation89%90%0.990.91
BNY Bank of New York Mellon Corp115%120%0.961.08
ICE Intercontinental Exchange, Inc.88%94%0.940.84
AB AllianceBernstein Holding L.P.102%112%0.911.10
SPGI S&P Global Inc.107%125%0.851.04
NTRS Northern Trust Corporation111%136%0.821.18
BLK BlackRock, Inc.127%157%0.811.30
C Citigroup Inc.131%165%0.801.49
AMG Affiliated Managers Group, Inc.103%137%0.761.22
SEIC SEI Investments Company97%127%0.761.03
SSNC SS&C Technologies Holdings, Inc.113%153%0.741.32
APAM Artisan Partners Asset Management Inc.160%224%0.721.79
TROW T. Rowe Price Group, Inc.118%172%0.681.35
BEN Franklin Resources, Inc.102%170%0.601.39
IVZ Invesco Ltd.119%201%0.591.46
FIS Fidelity National Information Services, Inc.54%150%0.360.82
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What diversifies STT?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with STT's. Because such investments tend not to fall at the same time, pairing STT with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which STT lost money. The last two columns show a portfolio that is 80% STT and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20222020201820152011200820042002200180/20 mix volatility80/20 mix annual return
STT State Street Corporation (this page)1.00+96.2%0.60−13.8%−4.8%−34.0%−13.9%−11.4%−50.7%−4.4%−24.5%−15.2%30.3%+19.1%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.29+225%1.34+6.0%+3.9%−19.8%+7.7%−16.1%−20.8%———25.1%+21.4%
SMH TechnologyVanEck Semiconductor ETF0.47+323%0.97−33.5%+55.5%−9.1%−0.3%+6.8%−44.7%−19.3%−47.0%−14.6%28.1%+23.6%
GLD CommoditiesSPDR Gold Shares0.02+126%0.96−0.8%+24.8%−1.9%−10.7%+9.6%+4.9%———24.5%+20.1%
XLE EnergyState Street Energy Select Sector SPDR ETF0.43+177%0.93+64.4%−32.7%−18.2%−21.5%+2.8%−39.0%+33.8%−14.8%−18.2%26.8%+20.8%
EWT TechnologyiShares MSCI Taiwan ETF0.47+153%0.89−28.9%+31.5%−9.9%−12.9%−21.8%−45.3%+8.0%−24.4%+2.1%27.0%+20.4%
EDIV InternationalState Street SPDR S&P Emerging Markets Dividend ETF0.36+69.9%0.84−15.3%−10.0%−6.2%−27.4%—————25.3%+18.2%
PTLC Broad MarketPacer Trendpilot US Large Cap ETF0.43+57.4%0.83−8.6%−1.2%+1.5%——————25.3%+18.0%
DBMF AlternativesiMGP DBi Managed Futures Strategy ETF-0.29+59.7%0.82+21.6%+1.8%———————23.6%+18.5%

Stocks

InvestmentCorrelation5Y returnSharpe20222020201820152011200820042002200180/20 mix volatility80/20 mix annual return
STT State Street Corporation (this page)1.00+96.2%0.60−13.8%−4.8%−34.0%−13.9%−11.4%−50.7%−4.4%−24.5%−15.2%30.3%+19.1%
CAH Medical - DistributionCardinal Health, Inc.0.21+479%1.55+54.1%+10.1%−24.5%+12.6%+8.1%−39.6%−4.7%−8.3%−2.5%25.8%+23.9%
CLS Hardware, Equipment & PartsCelestica Inc.0.39+3,143%1.47+1.3%−2.4%−16.3%−6.0%−24.4%−20.5%−6.4%−65.1%−25.6%30.7%+36.4%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.44+1,636%1.46+17.0%+6.7%+0.8%+67.7%−17.0%−15.2%+40.0%−9.4%+73.7%29.3%+32.4%
MCK Medical - DistributionMcKesson Corporation0.11+413%1.44+51.8%+27.1%−28.4%−4.5%+11.8%−40.4%−1.4%−27.2%+4.9%25.3%+23.4%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.29+690%1.41+86.6%−27.4%−8.2%+17.4%—————26.8%+25.8%
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Common questions

What was STT's worst drawdown?

STT's deepest decline since it began trading in 1986 was 82.3%, from January 2008 to January 2009. It took about six years from the low to climb back to its old high.

What were STT's best and worst years?

Over 29 full calendar years, STT's best year was 1997, when it returned 81.6%. Its worst was 2008, with a return of -50.7%.

Is there a better investment than STT?

Among STT's popular alternatives, JPM and BNY earned more than STT with less volatility over the past 5 years. JPM returned 17.3% a year at 24.3% volatility, against 14.4% a year at 29.9%. Looking beyond its popular alternatives, TD (banks) and RY (banks) earned more than STT with less volatility over the past 5 years. TD returned 15.8% a year at 20.0% volatility, against 14.4% a year at 29.9%.

Is STT more volatile than the S&P 500?

Yes. STT's volatility over the past 5 years was 29.9%, 1.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, STT's return lands within 29.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is STT's Sharpe ratio?

STT's Sharpe ratio over the past 5 years was 0.60, against 0.79 for the S&P 500, so STT earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is STT with the S&P 500?

Over the past 5 years, STT's monthly returns had a correlation of 0.73 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against STT instead: the lower it is, the more that option would diversify a STT holding.

What are the best alternatives to STT?

Of the 19 popular alternatives we compared, one outperformed STT in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: AMG.

Did STT outperform the S&P 500?

STT finished ahead of the S&P 500 (SPY) in 14 of 29 full calendar years. In 2025, it returned +35.5%, against +17.7% for the index.

How did STT do in stock market crashes?

STT fell less than the S&P 500 (SPY) in none of the ten major crashes it has traded through, and further in nine. The clearest case was the 2008 financial crisis, when STT fell 82.3% and the S&P 500 fell 55.2%.

What diversifies STT?

These had a low correlation with STT over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.29), SMH (correlation 0.47) and GLD (correlation 0.02); among large stocks, CAH (correlation 0.21), CLS (correlation 0.39) and FIX (correlation 0.44). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to STT

Other stocks and ETFs