SSAFX vs. PIMIX
Compare and contrast key facts about State Street Aggregate Bond Index Portfolio (SSAFX) and PIMCO Income Fund Institutional Class (PIMIX).
SSAFX is managed by State Street Global Advisors. It was launched on Sep 19, 2014. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSAFX or PIMIX.
Correlation
The correlation between SSAFX and PIMIX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SSAFX vs. PIMIX - Performance Comparison
Key characteristics
SSAFX:
0.85
PIMIX:
1.98
SSAFX:
1.24
PIMIX:
2.98
SSAFX:
1.15
PIMIX:
1.39
SSAFX:
0.31
PIMIX:
3.38
SSAFX:
2.04
PIMIX:
8.42
SSAFX:
2.14%
PIMIX:
0.95%
SSAFX:
5.16%
PIMIX:
4.03%
SSAFX:
-19.19%
PIMIX:
-13.39%
SSAFX:
-8.80%
PIMIX:
-0.00%
Returns By Period
In the year-to-date period, SSAFX achieves a 1.01% return, which is significantly lower than PIMIX's 1.76% return. Over the past 10 years, SSAFX has underperformed PIMIX with an annualized return of 1.58%, while PIMIX has yielded a comparatively higher 4.46% annualized return.
SSAFX
1.01%
0.72%
-0.87%
4.56%
0.13%
1.58%
PIMIX
1.76%
1.57%
2.77%
8.08%
3.10%
4.46%
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SSAFX vs. PIMIX - Expense Ratio Comparison
SSAFX has a 0.02% expense ratio, which is lower than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
SSAFX vs. PIMIX — Risk-Adjusted Performance Rank
SSAFX
PIMIX
SSAFX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Aggregate Bond Index Portfolio (SSAFX) and PIMCO Income Fund Institutional Class (PIMIX). 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.
Dividends
SSAFX vs. PIMIX - Dividend Comparison
SSAFX's dividend yield for the trailing twelve months is around 3.77%, less than PIMIX's 6.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSAFX State Street Aggregate Bond Index Portfolio | 3.77% | 3.76% | 3.16% | 2.49% | 1.90% | 6.77% | 2.91% | 2.81% | 2.43% | 2.09% | 2.07% | 0.37% |
PIMIX PIMCO Income Fund Institutional Class | 6.20% | 6.27% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% |
Drawdowns
SSAFX vs. PIMIX - Drawdown Comparison
The maximum SSAFX drawdown since its inception was -19.19%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for SSAFX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
SSAFX vs. PIMIX - Volatility Comparison
State Street Aggregate Bond Index Portfolio (SSAFX) has a higher volatility of 1.35% compared to PIMCO Income Fund Institutional Class (PIMIX) at 0.94%. This indicates that SSAFX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.