ANBAX vs. SSASX
ANBAX (American Funds Strategic Bond Fund) and SSASX (State Street Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, ANBAX returned -1.64%/yr vs -1.23%/yr for SSASX. Their correlation of 0.88 means they have usually moved in the same direction. ANBAX charges 0.71%/yr vs 0.20%/yr for SSASX.
Performance
ANBAX vs. SSASX - Performance Comparison
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Returns By Period
In the year-to-date period, ANBAX achieves a -1.96% return, which is significantly lower than SSASX's -1.02% return.
ANBAX
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -2.27%
- YTD
- -1.96%
- 1Y
- 1.13%
- 3Y*
- 2.12%
- 5Y*
- -1.64%
- 10Y*
- —
- ALL TIME*
- 1.95%
SSASX
- 1D
- 0.00%
- 1M
- -1.12%
- 6M
- -1.22%
- YTD
- -1.02%
- 1Y
- 1.46%
- 3Y*
- 2.65%
- 5Y*
- -1.23%
- 10Y*
- —
- ALL TIME*
- -0.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ANBAX vs. SSASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ANBAX American Funds Strategic Bond Fund | -1.96% | 7.18% | -0.61% | 1.52% | -12.74% | 1.88% |
SSASX State Street Income Fund | -1.02% | 7.49% | -0.95% | 4.83% | -13.74% | 0.59% |
Correlation
The correlation between ANBAX and SSASX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 24, 2021 | 0.88 |
The correlation between ANBAX and SSASX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
ANBAX vs. SSASX — Risk / Return Rank
ANBAX
SSASX
ANBAX vs. SSASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Strategic Bond Fund (ANBAX) and State Street Income Fund (SSASX). 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.
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.
| ANBAX | SSASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.12 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.80 | -0.56 |
| Martin ratioReturn relative to average drawdown | 0.57 | 1.93 | -1.36 |
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Drawdowns
ANBAX vs. SSASX - Drawdown Comparison
The maximum ANBAX drawdown since its inception was -19.33%, roughly equal to the maximum SSASX drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for ANBAX and SSASX.
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Drawdown Indicators
| ANBAX | SSASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -19.65% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -3.42% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -6.02% | -6.86% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -19.65% | +0.32% |
Current DrawdownCurrent decline from peak | -8.77% | -6.22% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -9.54% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.42% | +0.39% |
Volatility
ANBAX vs. SSASX - Volatility Comparison
American Funds Strategic Bond Fund (ANBAX) has a higher volatility of 1.05% compared to State Street Income Fund (SSASX) at 0.92%. This indicates that ANBAX's price experiences larger fluctuations and is considered to be riskier than SSASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANBAX | SSASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.92% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 3.08% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 4.03% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 6.50% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 6.42% | -1.03% |
ANBAX vs. SSASX - Expense Ratio Comparison
ANBAX has a 0.71% expense ratio, which is higher than SSASX's 0.20% expense ratio.
Dividends
ANBAX vs. SSASX - Dividend Comparison
ANBAX's dividend yield for the trailing twelve months is around 4.12%, more than SSASX's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ANBAX American Funds Strategic Bond Fund | 4.12% | 2.78% | 3.07% | 2.91% | 5.31% | 1.74% | 3.87% | 3.09% | 3.51% | 1.76% |
SSASX State Street Income Fund | 3.68% | 4.01% | 2.76% | 2.86% | 2.48% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ANBAX and SSASX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANBAX has higher volatility (1.05%) compared to SSASX (0.92%). In terms of maximum drawdown, ANBAX dropped -19.33% vs SSASX's -19.65%.
SSASX currently has the higher Sharpe Ratio (0.69 vs 0.26), 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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