SSAFX vs. PBMPX
SSAFX (State Street Aggregate Bond Index Portfolio) and PBMPX (Principal Core Plus Bond Fund) are both mutual funds - SSAFX is a Intermediate Core Bond fund managed by State Street, while PBMPX is a Intermediate Core-Plus Bond fund managed by Principal. Over the past 10 years, SSAFX returned 27.54%/yr vs 1.39%/yr for PBMPX. Their correlation of 0.92 means they have usually moved in the same direction. SSAFX charges 0.02%/yr vs 0.78%/yr for PBMPX.
Performance
SSAFX vs. PBMPX - Performance Comparison
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Returns By Period
In the year-to-date period, SSAFX achieves a -0.34% return, which is significantly higher than PBMPX's -0.69% return. Over the past 10 years, SSAFX has outperformed PBMPX with an annualized return of 27.54%, while PBMPX has yielded a comparatively lower 1.39% annualized return.
SSAFX
- 1D
- 0.06%
- 1M
- -0.87%
- 6M
- -0.53%
- YTD
- -0.34%
- 1Y
- 2.14%
- 3Y*
- 3.68%
- 5Y*
- -0.47%
- 10Y*
- 27.54%
- ALL TIME*
- 23.57%
PBMPX
- 1D
- 0.00%
- 1M
- -1.16%
- 6M
- -1.05%
- YTD
- -0.69%
- 1Y
- 1.78%
- 3Y*
- 3.47%
- 5Y*
- -0.91%
- 10Y*
- 1.39%
- ALL TIME*
- 2.43%
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 |
SSAFX vs. PBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSAFX State Street Aggregate Bond Index Portfolio | -0.34% | 6.81% | 1.34% | 5.61% | -13.30% | -1.72% | 978.57% | 8.69% | -0.12% | 3.38% |
PBMPX Principal Core Plus Bond Fund | -0.69% | 7.15% | 0.71% | 5.23% | -14.62% | -0.84% | 9.33% | 9.64% | -1.93% | 4.66% |
Correlation
The correlation between SSAFX and PBMPX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2014 | 0.92 |
The correlation between SSAFX and PBMPX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
SSAFX vs. PBMPX — Risk / Return Rank
SSAFX
PBMPX
SSAFX vs. PBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Aggregate Bond Index Portfolio (SSAFX) and Principal Core Plus Bond Fund (PBMPX). 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.
| SSAFX | PBMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.82 | +0.28 |
| Martin ratioReturn relative to average drawdown | 2.77 | 2.24 | +0.54 |
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Drawdowns
SSAFX vs. PBMPX - Drawdown Comparison
The maximum SSAFX drawdown since its inception was -18.74%, roughly equal to the maximum PBMPX drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for SSAFX and PBMPX.
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Drawdown Indicators
| SSAFX | PBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -19.69% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -3.16% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.97% | -5.72% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.09% | -19.48% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -19.48% | +0.74% |
Current DrawdownCurrent decline from peak | -3.36% | -4.72% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -3.46% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.15% | -0.06% |
Volatility
SSAFX vs. PBMPX - Volatility Comparison
State Street Aggregate Bond Index Portfolio (SSAFX) and Principal Core Plus Bond Fund (PBMPX) have volatilities of 0.97% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSAFX | PBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.99% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 3.21% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 4.01% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 5.90% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 277.46% | 4.83% | +272.63% |
SSAFX vs. PBMPX - Expense Ratio Comparison
SSAFX has a 0.02% expense ratio, which is lower than PBMPX's 0.78% expense ratio.
Dividends
SSAFX vs. PBMPX - Dividend Comparison
SSAFX's dividend yield for the trailing twelve months is around 4.21%, less than PBMPX's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBMPX Principal Core Plus Bond Fund | 4.34% | 4.42% | 4.10% | 3.04% | 2.06% | 3.12% | 7.16% | 3.44% | 3.36% | 2.78% | 2.30% | 2.21% |
SSAFX State Street Aggregate Bond Index Portfolio | 3.87% | 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
With a correlation of 0.94, SSAFX and PBMPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PBMPX has higher volatility (0.99%) compared to SSAFX (0.97%). In terms of maximum drawdown, SSAFX dropped -18.74% vs PBMPX's -19.69%.
SSAFX currently has the higher Sharpe Ratio (0.82 vs 0.65), 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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