CCIF vs. SSAFX
CCIF (Carlyle Credit Income Fund) and SSAFX (State Street Aggregate Bond Index Portfolio) are both Intermediate Core Bond funds. Over the past 5 years, CCIF returned -8.20%/yr vs -0.52%/yr for SSAFX. Their 0.05 correlation means their historical movements had little consistent relationship.
Performance
CCIF vs. SSAFX - Performance Comparison
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Returns By Period
In the year-to-date period, CCIF achieves a -27.17% return, which is significantly lower than SSAFX's -0.61% return.
CCIF
- 1D
- 0.36%
- 1M
- 2.58%
- 6M
- -17.85%
- YTD
- -27.17%
- 1Y
- -31.96%
- 3Y*
- -12.92%
- 5Y*
- -8.20%
- 10Y*
- —
- ALL TIME*
- -5.84%
SSAFX
- 1D
- -0.27%
- 1M
- -1.14%
- 6M
- -0.69%
- YTD
- -0.61%
- 1Y
- 1.86%
- 3Y*
- 3.79%
- 5Y*
- -0.52%
- 10Y*
- 27.53%
- ALL TIME*
- 23.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $330.80K | $292.70K | $351.18K | |
| $0.00 | $0.00 | $0.00 |
CCIF vs. SSAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | -27.17% | -27.64% | 16.37% | 14.50% | -6.37% | 12.67% | 0.51% | -12.85% |
SSAFX State Street Aggregate Bond Index Portfolio | -0.61% | 6.81% | 1.34% | 5.61% | -13.30% | -1.72% | 978.57% | 4.62% |
Correlation
The correlation between CCIF and SSAFX is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 28, 2019 | 0.05 |
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Return for Risk
CCIF vs. SSAFX — Risk / Return Rank
CCIF
SSAFX
CCIF vs. SSAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlyle Credit Income Fund (CCIF) and State Street Aggregate Bond Index Portfolio (SSAFX). 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.
| CCIF | SSAFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.13 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.98 | -1.75 |
| Martin ratioReturn relative to average drawdown | -1.22 | 2.46 | -3.68 |
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Drawdowns
CCIF vs. SSAFX - Drawdown Comparison
The maximum CCIF drawdown since its inception was -53.23%, which is greater than SSAFX's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for CCIF and SSAFX.
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Drawdown Indicators
| CCIF | SSAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -18.74% | -34.49% |
Max Drawdown (1Y)Largest decline over 1 year | -41.95% | -2.74% | -39.21% |
Max Drawdown (3Y)Largest decline over 3 years | -53.23% | -4.97% | -48.26% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | -17.99% | -35.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.74% | — |
Current DrawdownCurrent decline from peak | -49.69% | -3.62% | -46.07% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -4.39% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.14% | 1.10% | +25.04% |
Volatility
CCIF vs. SSAFX - Volatility Comparison
Carlyle Credit Income Fund (CCIF) has a higher volatility of 5.45% compared to State Street Aggregate Bond Index Portfolio (SSAFX) at 0.98%. This indicates that CCIF's price experiences larger fluctuations and is considered to be riskier than SSAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCIF | SSAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 0.98% | +4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 26.25% | 2.88% | +23.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.67% | 3.67% | +26.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 5.95% | +14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.38% | 277.46% | -252.08% |
Dividends
CCIF vs. SSAFX - Dividend Comparison
CCIF's dividend yield for the trailing twelve months is around 42.30%, more than SSAFX's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | 42.30% | 26.87% | 15.73% | 23.58% | 9.96% | 8.55% | 6.09% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% |
SSAFX State Street Aggregate Bond Index Portfolio | 3.88% | 3.70% | 3.76% | 3.16% | 2.49% | 1.90% | 2.41% | 2.88% | 2.82% | 2.42% | 2.21% | 3.21% |
Frequently Asked Questions
CCIF and SSAFX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCIF has higher volatility (5.45%) compared to SSAFX (0.98%). In terms of maximum drawdown, CCIF dropped -53.23% vs SSAFX's -18.74%.
SSAFX currently has the higher Sharpe Ratio (0.73 vs -1.08), 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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