SSASX vs. ELFTX
Compare and contrast key facts about State Street Income Fund (SSASX) and Elfun Tax Exempt Income Fund (ELFTX).
SSASX is managed by State Street. It was launched on Jan 2, 1980. ELFTX is managed by State Street. It was launched on Jan 1, 1980.
Performance
SSASX vs. ELFTX - Performance Comparison
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SSASX vs. ELFTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SSASX State Street Income Fund | -0.41% | 7.49% | -0.95% | 4.83% | -13.74% | 0.59% |
ELFTX Elfun Tax Exempt Income Fund | -0.57% | 3.29% | -0.14% | 4.27% | -8.97% | 0.84% |
Returns By Period
In the year-to-date period, SSASX achieves a -0.41% return, which is significantly higher than ELFTX's -0.57% return.
SSASX
- 1D
- 0.20%
- 1M
- -1.79%
- YTD
- -0.41%
- 6M
- 0.27%
- 1Y
- 3.60%
- 3Y*
- 2.48%
- 5Y*
- —
- 10Y*
- —
ELFTX
- 1D
- 0.20%
- 1M
- -2.20%
- YTD
- -0.57%
- 6M
- 1.05%
- 1Y
- 3.14%
- 3Y*
- 1.47%
- 5Y*
- -0.19%
- 10Y*
- 1.40%
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SSASX vs. ELFTX - Expense Ratio Comparison
SSASX has a 0.20% expense ratio, which is lower than ELFTX's 0.21% 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%.
Return for Risk
SSASX vs. ELFTX — Risk / Return Rank
SSASX
ELFTX
SSASX vs. ELFTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Income Fund (SSASX) and Elfun Tax Exempt Income Fund (ELFTX). 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.
| SSASX | ELFTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.71 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.18 | 0.96 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.81 | +0.64 |
Martin ratioReturn relative to average drawdown | 3.96 | 2.44 | +1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSASX | ELFTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.71 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.71 | -0.82 |
Correlation
The correlation between SSASX and ELFTX is 0.56, 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.
Dividends
SSASX vs. ELFTX - Dividend Comparison
SSASX's dividend yield for the trailing twelve months is around 3.65%, less than ELFTX's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSASX State Street Income Fund | 3.65% | 4.01% | 2.76% | 2.86% | 2.48% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ELFTX Elfun Tax Exempt Income Fund | 3.70% | 3.99% | 2.66% | 2.88% | 3.09% | 2.61% | 3.24% | 3.78% | 4.09% | 4.00% | 4.00% | 3.82% |
Drawdowns
SSASX vs. ELFTX - Drawdown Comparison
The maximum SSASX drawdown since its inception was -19.65%, roughly equal to the maximum ELFTX drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for SSASX and ELFTX.
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Drawdown Indicators
| SSASX | ELFTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -19.15% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -5.23% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.59% | — |
Current DrawdownCurrent decline from peak | -5.65% | -3.24% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -3.42% | -6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.74% | -0.60% |
Volatility
SSASX vs. ELFTX - Volatility Comparison
State Street Income Fund (SSASX) has a higher volatility of 1.58% compared to Elfun Tax Exempt Income Fund (ELFTX) at 1.09%. This indicates that SSASX's price experiences larger fluctuations and is considered to be riskier than ELFTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSASX | ELFTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.09% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.66% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 5.11% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 3.86% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 3.84% | +2.72% |