- Issuer
- State Street
- Inception Date
- Jan 2, 1980
- Category
- Intermediate Core-Plus Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
SSASX Performance Chart
State Street Income Fund (SSASX) is up 0.0% since the beginning of the year. SSASX is currently trading at $10 per share. Investors who bought $1,000 worth of SSASX shares 5 years ago would now be looking at an investment worth $960.
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Returns By Period
State Street Income Fund (SSASX) has returned -0.00% so far this year and 4.47% over the past 12 months.
State Street Income Fund
- 1D
- 0.20%
- 1M
- 0.97%
- YTD
- -0.00%
- 6M
- 0.42%
- 1Y
- 4.47%
- 3Y*
- 2.98%
- 5Y*
- -0.82%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SSASX Monthly Returns History
Based on dividend-adjusted daily data since May 24, 2021, SSASX's average daily return is 0.00%, while the average monthly return is -0.03%.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +5.3%, while the worst month was Sep 2022 at -4.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SSASX closed higher 45% of trading days. The best single day was Nov 11, 2022 with a return of +2.2%, while the worst single day was Jun 13, 2022 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | 1.71% | -1.95% | 0.03% | 0.15% | -0.10% | 0.00% | ||||||
| 2025 | 0.55% | 2.39% | 0.06% | 0.44% | -0.87% | 1.58% | -0.27% | 1.48% | 0.94% | 0.64% | 0.63% | -0.28% | 7.49% |
| 2024 | -0.25% | -1.79% | 0.62% | -3.13% | 1.59% | 0.83% | 2.42% | 1.76% | 1.43% | -3.13% | 1.15% | -2.23% | -0.95% |
| 2023 | 3.34% | -2.67% | 2.68% | 0.65% | -1.30% | -0.48% | 0.02% | -1.02% | -3.40% | -2.45% | 5.27% | 4.53% | 4.83% |
| 2022 | -2.30% | -1.32% | -2.76% | -3.83% | 0.51% | -2.01% | 2.24% | -2.81% | -4.47% | -1.16% | 4.07% | -0.50% | -13.74% |
| 2021 | 0.00% | 0.83% | 1.11% | -0.15% | -0.88% | -0.25% | 0.18% | -0.24% | 0.59% |
Benchmark Metrics
State Street Income Fund has an annualized alpha of -1.15%, beta of 0.06, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since May 24, 2021.
- This fund participated in 44.82% of S&P 500 Index downside but only 17.70% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -1.15%
- Beta
- 0.06
- R²
- 0.02
- Upside Capture
- 17.70%
- Downside Capture
- 44.82%
Expense Ratio
SSASX has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
SSASX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street Income Fund (SSASX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SSASX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.78 | -1.44 |
| Martin ratioReturn relative to average drawdown | 3.76 | 12.44 | -8.68 |
Dividends
Dividend History
State Street Income Fund provided a 4.00% dividend yield over the last twelve months, with an annual payout of $0.39 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.40 | $0.27 | $0.29 | $0.24 | $0.44 |
Dividend yield | 4.00% | 4.01% | 2.76% | 2.86% | 2.48% | 3.77% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2024 | $0.04 | $0.03 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.27 |
| 2023 | $0.02 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | $0.04 | $0.29 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.24 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.00 | $0.02 | $0.35 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street Income Fund was 19.65%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current State Street Income Fund drawdown is 5.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -19.65%Oct 2023 | 2y 2mo | — | 4y 10moAug 2021 - now |
2021 pullback2021 | -0.58%Jun 2021 | 5d | 2d | 7dJun 2021 - Jun 2021 |
2021 pullback2021 | -0.57%Jul 2021 | 4d | 2d | 6dJul 2021 - Jul 2021 |
2021 pullback2021 | -0.49%Jun 2021 | 4d | 7d | 11dJun 2021 - Jul 2021 |
2021 pullback2021 | -0.41%Jul 2021 | 1d | 9d | 10dJul 2021 - Jul 2021 |
Drawdown Indicators
| SSASX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -56.78% | +37.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -9.10% | +5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -7.97% | -18.90% | +10.93% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -25.43% | +5.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.26% | -1.80% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -10.71% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.03% | -0.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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