PTKIX vs. SSASX
PTKIX (T. Rowe Price Total Return Fund) and SSASX (State Street Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, PTKIX returned -0.51%/yr vs -0.82%/yr for SSASX. Their correlation of 0.93 suggests significant overlap in exposure. PTKIX charges 0.33%/yr vs 0.20%/yr for SSASX.
Performance
PTKIX vs. SSASX - Performance Comparison
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Returns By Period
In the year-to-date period, PTKIX achieves a 0.18% return, which is significantly higher than SSASX's -0.31% return.
PTKIX
- 1D
- -0.36%
- 1M
- 0.67%
- YTD
- 0.18%
- 6M
- 0.65%
- 1Y
- 4.69%
- 3Y*
- 4.32%
- 5Y*
- -0.51%
- 10Y*
- —
SSASX
- 1D
- -0.31%
- 1M
- 0.66%
- YTD
- -0.31%
- 6M
- 0.11%
- 1Y
- 3.94%
- 3Y*
- 2.87%
- 5Y*
- -0.82%
- 10Y*
- —
PTKIX vs. SSASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PTKIX T. Rowe Price Total Return Fund | 0.18% | 7.50% | 2.46% | 4.95% | -16.52% | 1.84% |
SSASX State Street Income Fund | -0.31% | 7.49% | -0.95% | 4.83% | -13.74% | 0.59% |
Correlation
The correlation between PTKIX and SSASX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 24, 2021 | 0.93 |
The correlation between PTKIX and SSASX shifts across timeframes, from 0.82 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PTKIX vs. SSASX — Risk / Return Rank
PTKIX
SSASX
PTKIX vs. SSASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund (PTKIX) 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.
| PTKIX | SSASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.22 | +0.48 |
| Martin ratioReturn relative to average drawdown | 4.80 | 3.38 | +1.41 |
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Drawdowns
PTKIX vs. SSASX - Drawdown Comparison
The maximum PTKIX drawdown since its inception was -20.91%, which is greater than SSASX's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for PTKIX and SSASX.
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Drawdown Indicators
| PTKIX | SSASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -19.65% | -1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.42% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -6.19% | -7.97% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.91% | -19.65% | -1.26% |
Current DrawdownCurrent decline from peak | -4.44% | -5.55% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -9.63% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.23% | -0.21% |
Volatility
PTKIX vs. SSASX - Volatility Comparison
T. Rowe Price Total Return Fund (PTKIX) has a higher volatility of 1.31% compared to State Street Income Fund (SSASX) at 1.18%. This indicates that PTKIX'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
| PTKIX | SSASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.18% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 3.00% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.14% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 6.50% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 6.47% | -1.41% |
PTKIX vs. SSASX - Expense Ratio Comparison
PTKIX has a 0.33% expense ratio, which is higher than SSASX's 0.20% expense ratio.
Dividends
PTKIX vs. SSASX - Dividend Comparison
PTKIX's dividend yield for the trailing twelve months is around 5.25%, more than SSASX's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PTKIX T. Rowe Price Total Return Fund | 5.25% | 5.27% | 5.22% | 4.19% | 2.87% | 3.28% | 3.38% | 6.78% | 3.41% | 3.35% |
SSASX State Street Income Fund | 4.02% | 4.01% | 2.76% | 2.86% | 2.48% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTKIX and SSASX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTKIX has higher volatility (1.31%) compared to SSASX (1.18%). In terms of maximum drawdown, PTKIX dropped -20.91% vs SSASX's -19.65%.
PTKIX currently has the higher Sharpe Ratio (1.28 vs 1.01), 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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