SSASX vs. NPCT
SSASX (State Street Income Fund) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, SSASX returned -0.95%/yr vs -3.39%/yr for NPCT. At a 0.49 correlation, their price movements are largely independent. SSASX charges 0.20%/yr vs 5.08%/yr for NPCT.
Performance
SSASX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, SSASX achieves a -0.41% return, which is significantly lower than NPCT's 3.14% return.
SSASX
- 1D
- -0.10%
- 1M
- -0.30%
- 6M
- -0.41%
- YTD
- -0.41%
- 1Y
- 3.80%
- 3Y*
- 3.22%
- 5Y*
- -0.95%
- 10Y*
- —
NPCT
- 1D
- -0.70%
- 1M
- 0.20%
- 6M
- 2.64%
- YTD
- 3.14%
- 1Y
- -0.92%
- 3Y*
- 11.38%
- 5Y*
- -3.39%
- 10Y*
- —
SSASX vs. NPCT - 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% |
NPCT Nuveen Core Plus Impact Fund | 3.14% | 9.87% | 17.23% | 7.78% | -37.50% | -2.14% |
Correlation
The correlation between SSASX and NPCT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 24, 2021 | 0.49 |
The correlation between SSASX and NPCT has been stable across timeframes, ranging from 0.48 to 0.50 - a consistent structural relationship.
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Return for Risk
SSASX vs. NPCT — Risk / Return Rank
SSASX
NPCT
SSASX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Income Fund (SSASX) and Nuveen Core Plus Impact Fund (NPCT). 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.
| SSASX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.99 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.14 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.56 | -0.31 | +2.87 |
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Drawdowns
SSASX vs. NPCT - Drawdown Comparison
The maximum SSASX drawdown since its inception was -19.65%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for SSASX and NPCT.
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Drawdown Indicators
| SSASX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -46.77% | +27.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -6.79% | +3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.97% | -12.59% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -46.77% | +27.12% |
Current DrawdownCurrent decline from peak | -5.64% | -16.26% | +10.62% |
Average DrawdownAverage peak-to-trough decline | -9.58% | -25.03% | +15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 3.01% | -1.73% |
Volatility
SSASX vs. NPCT - Volatility Comparison
The current volatility for State Street Income Fund (SSASX) is 1.13%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 2.44%. This indicates that SSASX experiences smaller price fluctuations and is considered to be less risky than NPCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSASX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 2.44% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 7.48% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 9.79% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 13.10% | -6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.45% | 13.00% | -6.55% |
SSASX vs. NPCT - Expense Ratio Comparison
SSASX has a 0.20% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
SSASX vs. NPCT - Dividend Comparison
SSASX's dividend yield for the trailing twelve months is around 4.00%, less than NPCT's 12.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NPCT Nuveen Core Plus Impact Fund | 12.31% | 13.15% | 12.20% | 10.28% | 11.93% | 3.94% |
SSASX State Street Income Fund | 4.00% | 4.01% | 2.76% | 2.86% | 2.48% | 3.77% |
Frequently Asked Questions
SSASX and NPCT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPCT has higher volatility (2.44%) compared to SSASX (1.13%). In terms of maximum drawdown, SSASX dropped -19.65% vs NPCT's -46.77%.
SSASX currently has the higher Sharpe Ratio (0.81 vs -0.09), 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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