SSASX vs. PTKIX
SSASX (State Street Income Fund) and PTKIX (T. Rowe Price Total Return Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, SSASX returned -1.23%/yr vs -1.05%/yr for PTKIX. Their correlation of 0.93 means they have usually moved in the same direction. SSASX charges 0.20%/yr vs 0.33%/yr for PTKIX.
Performance
SSASX vs. PTKIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SSASX having a -1.02% return and PTKIX slightly lower at -1.04%.
SSASX
- 1D
- 0.00%
- 1M
- -1.12%
- 6M
- -1.22%
- YTD
- -1.02%
- 1Y
- 1.46%
- 3Y*
- 2.65%
- 5Y*
- -1.23%
- 10Y*
- —
- ALL TIME*
- -0.82%
PTKIX
- 1D
- 0.00%
- 1M
- -1.33%
- 6M
- -1.46%
- YTD
- -1.04%
- 1Y
- 1.67%
- 3Y*
- 3.92%
- 5Y*
- -1.05%
- 10Y*
- —
- ALL TIME*
- 2.14%
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 |
SSASX vs. PTKIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SSASX State Street Income Fund | -1.02% | 7.49% | -0.95% | 4.83% | -13.74% | 0.59% |
PTKIX T. Rowe Price Total Return Fund | -1.04% | 7.50% | 2.46% | 4.95% | -16.52% | 1.84% |
Correlation
The correlation between SSASX and PTKIX is 0.83, 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. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 24, 2021 | 0.93 |
The correlation between SSASX and PTKIX shifts across timeframes, from 0.83 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SSASX vs. PTKIX — Risk / Return Rank
SSASX
PTKIX
SSASX vs. PTKIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Income Fund (SSASX) and T. Rowe Price Total Return Fund (PTKIX). 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 | PTKIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.84 | -0.03 |
| Martin ratioReturn relative to average drawdown | 1.93 | 1.94 | -0.01 |
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Drawdowns
SSASX vs. PTKIX - Drawdown Comparison
The maximum SSASX drawdown since its inception was -19.65%, smaller than the maximum PTKIX drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for SSASX and PTKIX.
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Drawdown Indicators
| SSASX | PTKIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -20.91% | +1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -2.96% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | -5.14% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -20.91% | +1.26% |
Current DrawdownCurrent decline from peak | -6.22% | -5.60% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -5.78% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.26% | +0.16% |
Volatility
SSASX vs. PTKIX - Volatility Comparison
State Street Income Fund (SSASX) and T. Rowe Price Total Return Fund (PTKIX) have volatilities of 0.92% and 0.94%, 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
| SSASX | PTKIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.94% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 3.05% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 3.88% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 5.89% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 5.04% | +1.38% |
SSASX vs. PTKIX - Expense Ratio Comparison
SSASX has a 0.20% expense ratio, which is lower than PTKIX's 0.33% expense ratio.
Dividends
SSASX vs. PTKIX - Dividend Comparison
SSASX's dividend yield for the trailing twelve months is around 3.68%, less than PTKIX's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PTKIX T. Rowe Price Total Return Fund | 4.43% | 5.27% | 5.22% | 4.19% | 2.87% | 3.28% | 3.38% | 6.78% | 3.41% | 3.35% |
SSASX State Street Income Fund | 3.68% | 4.01% | 2.76% | 2.86% | 2.48% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SSASX and PTKIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTKIX has higher volatility (0.94%) compared to SSASX (0.92%). In terms of maximum drawdown, SSASX dropped -19.65% vs PTKIX's -20.91%.
SSASX currently has the higher Sharpe Ratio (0.69 vs 0.64), 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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