RCS vs. SSASX
RCS (PIMCO Strategic Income Fund) and SSASX (State Street Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, RCS returned 1.88%/yr vs -0.82%/yr for SSASX. At a 0.20 correlation, their price movements are largely independent.
Performance
RCS vs. SSASX - Performance Comparison
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Returns By Period
In the year-to-date period, RCS achieves a -0.34% return, which is significantly lower than SSASX's -0.31% return.
RCS
- 1D
- -1.12%
- 1M
- -0.76%
- YTD
- -0.34%
- 6M
- -11.33%
- 1Y
- -16.21%
- 3Y*
- 9.48%
- 5Y*
- 1.88%
- 10Y*
- 3.31%
SSASX
- 1D
- -0.31%
- 1M
- 0.66%
- YTD
- -0.31%
- 6M
- 0.11%
- 1Y
- 3.94%
- 3Y*
- 2.87%
- 5Y*
- -0.82%
- 10Y*
- —
RCS vs. SSASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -0.34% | -21.48% | 37.47% | 37.60% | -18.72% | -7.10% |
SSASX State Street Income Fund | -0.31% | 7.49% | -0.95% | 4.83% | -13.74% | 0.59% |
Correlation
The correlation between RCS and SSASX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 24, 2021 | 0.20 |
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Return for Risk
RCS vs. SSASX — Risk / Return Rank
RCS
SSASX
RCS vs. SSASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) 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.
| RCS | SSASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.18 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 1.22 | -1.71 |
| Martin ratioReturn relative to average drawdown | -0.83 | 3.38 | -4.22 |
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Drawdowns
RCS vs. SSASX - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, which is greater than SSASX's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for RCS and SSASX.
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Drawdown Indicators
| RCS | SSASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -19.65% | -27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -3.42% | -29.52% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -7.97% | -24.97% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -19.65% | -16.53% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | — | — |
Current DrawdownCurrent decline from peak | -28.91% | -5.55% | -23.36% |
Average DrawdownAverage peak-to-trough decline | -9.41% | -9.63% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.49% | 1.23% | +18.26% |
Volatility
RCS vs. SSASX - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 6.00% compared to State Street Income Fund (SSASX) at 1.18%. This indicates that RCS'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
| RCS | SSASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 1.18% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 20.85% | 3.00% | +17.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 4.14% | +19.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 6.50% | +18.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 6.47% | +19.36% |
Dividends
RCS vs. SSASX - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.02%, more than SSASX's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | 9.02% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
RCS and SSASX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCS has higher volatility (6.00%) compared to SSASX (1.18%). In terms of maximum drawdown, RCS dropped -46.69% vs SSASX's -19.65%.
SSASX currently has the higher Sharpe Ratio (1.01 vs -0.68), 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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