SSASX vs. SAVYX
SSASX (State Street Income Fund) and SAVYX (Virtus Newfleet Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, SSASX returned -0.82%/yr vs 0.86%/yr for SAVYX. With a 0.96 correlation, they move nearly in lockstep. SSASX charges 0.20%/yr vs 0.55%/yr for SAVYX.
Performance
SSASX vs. SAVYX - Performance Comparison
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Returns By Period
SSASX
- 1D
- 0.20%
- 1M
- 0.97%
- YTD
- -0.00%
- 6M
- 0.42%
- 1Y
- 4.47%
- 3Y*
- 2.98%
- 5Y*
- -0.82%
- 10Y*
- —
SAVYX
- 1D
- 0.20%
- 1M
- 1.00%
- YTD
- 0.82%
- 6M
- 1.25%
- 1Y
- 5.44%
- 3Y*
- 4.75%
- 5Y*
- 0.86%
- 10Y*
- 2.61%
SSASX vs. SAVYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SSASX State Street Income Fund | -0.00% | 7.49% | -0.95% | 4.83% | -13.74% | 0.59% |
SAVYX Virtus Newfleet Core Plus Bond Fund | 0.82% | 7.28% | 2.55% | 6.65% | -11.94% | 1.31% |
Correlation
The correlation between SSASX and SAVYX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 24, 2021 | 0.96 |
The correlation between SSASX and SAVYX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
SSASX vs. SAVYX — Risk / Return Rank
SSASX
SAVYX
SSASX vs. SAVYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Income Fund (SSASX) and Virtus Newfleet Core Plus Bond Fund (SAVYX). 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 | SAVYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.27 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.96 | -0.62 |
| Martin ratioReturn relative to average drawdown | 3.76 | 6.11 | -2.36 |
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Drawdowns
SSASX vs. SAVYX - Drawdown Comparison
The maximum SSASX drawdown since its inception was -19.65%, which is greater than SAVYX's maximum drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for SSASX and SAVYX.
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Drawdown Indicators
| SSASX | SAVYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -16.46% | -3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -2.78% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -7.97% | -5.79% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -16.46% | -3.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.46% | — |
Current DrawdownCurrent decline from peak | -5.26% | -0.92% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -9.63% | -1.74% | -7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.89% | +0.33% |
Volatility
SSASX vs. SAVYX - Volatility Comparison
State Street Income Fund (SSASX) has a higher volatility of 1.26% compared to Virtus Newfleet Core Plus Bond Fund (SAVYX) at 1.06%. This indicates that SSASX's price experiences larger fluctuations and is considered to be riskier than SAVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSASX | SAVYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.06% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.65% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 3.57% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.50% | 5.07% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 4.31% | +2.16% |
SSASX vs. SAVYX - Expense Ratio Comparison
SSASX has a 0.20% expense ratio, which is lower than SAVYX's 0.55% expense ratio.
Dividends
SSASX vs. SAVYX - Dividend Comparison
SSASX's dividend yield for the trailing twelve months is around 4.00%, less than SAVYX's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAVYX Virtus Newfleet Core Plus Bond Fund | 4.93% | 5.03% | 4.42% | 4.00% | 3.10% | 3.11% | 2.62% | 3.23% | 3.67% | 3.47% | 3.19% | 3.50% |
SSASX State Street Income Fund | 4.00% | 4.01% | 2.76% | 2.86% | 2.48% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, SSASX and SAVYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SSASX has higher volatility (1.26%) compared to SAVYX (1.06%). In terms of maximum drawdown, SSASX dropped -19.65% vs SAVYX's -16.46%.
SAVYX currently has the higher Sharpe Ratio (1.53 vs 1.11), 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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