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 0.68%/yr vs -1.29%/yr for SSASX. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
RCS vs. SSASX - Performance Comparison
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Returns By Period
In the year-to-date period, RCS achieves a -0.92% return, which is significantly higher than SSASX's -1.33% return.
RCS
- 1D
- 1.55%
- 1M
- -4.00%
- 6M
- -8.30%
- YTD
- -0.92%
- 1Y
- -19.96%
- 3Y*
- 6.69%
- 5Y*
- 0.68%
- 10Y*
- 2.85%
- ALL TIME*
- 6.17%
SSASX
- 1D
- -0.31%
- 1M
- -1.43%
- 6M
- -1.33%
- YTD
- -1.33%
- 1Y
- 1.14%
- 3Y*
- 2.75%
- 5Y*
- -1.29%
- 10Y*
- —
- ALL TIME*
- -0.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $707.45K | $672.81K | $742.33K | |
| $0.00 | $0.00 | $0.00 |
RCS vs. SSASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -0.92% | -21.48% | 37.47% | 37.60% | -18.72% | -7.10% |
SSASX State Street Income Fund | -1.33% | 7.49% | -0.95% | 4.83% | -13.74% | 0.59% |
Correlation
The correlation between RCS and SSASX is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 24, 2021 | 0.19 |
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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 | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.09 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 0.61 | -1.22 |
| Martin ratioReturn relative to average drawdown | -0.92 | 1.44 | -2.36 |
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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% | -6.86% | -26.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -19.54% | -16.64% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | — | — |
Current DrawdownCurrent decline from peak | -29.32% | -6.51% | -22.81% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -9.54% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.75% | 1.44% | +20.31% |
Volatility
RCS vs. SSASX - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 3.44% compared to State Street Income Fund (SSASX) at 0.95%. 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 | 3.44% | 0.95% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 3.09% | +13.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.32% | 4.03% | +20.29% |
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 | 25.81% | 6.42% | +19.39% |
Dividends
RCS vs. SSASX - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.14%, more than SSASX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | 9.14% | 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 | 3.69% | 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 (3.44%) compared to SSASX (0.95%). In terms of maximum drawdown, RCS dropped -46.69% vs SSASX's -19.65%.
SSASX currently has the higher Sharpe Ratio (0.52 vs -0.83), 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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