Correlation
The correlation between SSAFX and SPAB is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
SSAFX vs. SPAB
Compare and contrast key facts about State Street Aggregate Bond Index Portfolio (SSAFX) and SPDR Portfolio Aggregate Bond ETF (SPAB).
SSAFX is managed by State Street Global Advisors. It was launched on Sep 19, 2014. SPAB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate. It was launched on May 23, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSAFX or SPAB.
Performance
SSAFX vs. SPAB - Performance Comparison
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Key characteristics
SSAFX:
1.13
SPAB:
1.10
SSAFX:
1.65
SPAB:
1.61
SSAFX:
1.20
SPAB:
1.19
SSAFX:
0.45
SPAB:
0.47
SSAFX:
2.70
SPAB:
2.72
SSAFX:
2.18%
SPAB:
2.16%
SSAFX:
5.22%
SPAB:
5.35%
SSAFX:
-19.19%
SPAB:
-18.56%
SSAFX:
-7.52%
SPAB:
-6.82%
Returns By Period
The year-to-date returns for both investments are quite close, with SSAFX having a 2.43% return and SPAB slightly higher at 2.55%. Over the past 10 years, SSAFX has outperformed SPAB with an annualized return of 1.77%, while SPAB has yielded a comparatively lower 1.51% annualized return.
SSAFX
2.43%
-0.36%
0.70%
5.45%
1.46%
-1.08%
1.77%
SPAB
2.55%
-0.43%
0.70%
5.41%
1.47%
-0.94%
1.51%
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SSAFX vs. SPAB - Expense Ratio Comparison
SSAFX has a 0.02% expense ratio, which is lower than SPAB's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SSAFX vs. SPAB — Risk-Adjusted Performance Rank
SSAFX
SPAB
SSAFX vs. SPAB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Aggregate Bond Index Portfolio (SSAFX) and SPDR Portfolio Aggregate Bond ETF (SPAB). 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.
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Dividends
SSAFX vs. SPAB - Dividend Comparison
SSAFX's dividend yield for the trailing twelve months is around 3.86%, less than SPAB's 3.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSAFX State Street Aggregate Bond Index Portfolio | 3.86% | 3.76% | 3.16% | 2.49% | 1.90% | 7.34% | 2.91% | 2.81% | 2.43% | 2.21% | 3.23% | 0.58% |
SPAB SPDR Portfolio Aggregate Bond ETF | 3.90% | 3.86% | 3.34% | 2.59% | 2.11% | 2.43% | 2.92% | 2.96% | 2.67% | 2.63% | 2.59% | 2.43% |
Drawdowns
SSAFX vs. SPAB - Drawdown Comparison
The maximum SSAFX drawdown since its inception was -19.19%, roughly equal to the maximum SPAB drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for SSAFX and SPAB.
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Volatility
SSAFX vs. SPAB - Volatility Comparison
State Street Aggregate Bond Index Portfolio (SSAFX) and SPDR Portfolio Aggregate Bond ETF (SPAB) have volatilities of 1.39% and 1.45%, 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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