SSASX vs. VTI

Last updated Jun 23, 2026

SSASX (State Street Income Fund) and VTI (Vanguard Total Stock Market ETF) are both funds - SSASX is a Intermediate Core-Plus Bond fund managed by State Street, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 5 years, SSASX returned -0.82%/yr vs 12.36%/yr for VTI. At a 0.16 correlation, their price movements are largely independent. SSASX charges 0.20%/yr vs 0.03%/yr for VTI.

Performance

SSASX vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Income Fund (SSASX) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

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*: —

VTI

• 1D: -0.32%
• 1M: 0.55%
• YTD: 10.35%
• 6M: 9.59%
• 1Y: 27.18%
• 3Y*: 21.19%
• 5Y*: 12.36%
• 10Y*: 15.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSASX vs. VTI - 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%
VTI Vanguard Total Stock Market ETF	10.35%	17.10%	23.81%	26.05%	-19.52%	13.42%

Correlation

The correlation between SSASX and VTI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since May 24, 2021	0.16

The correlation between SSASX and VTI shifts across timeframes, from 0.16 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SSASX vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSASX

SSASX Risk / Return Rank: 17
SSASX Sharpe Ratio Rank: 18
SSASX Sortino Ratio Rank: 18
SSASX Omega Ratio Rank: 16
SSASX Calmar Ratio Rank: 16
SSASX Martin Ratio Rank: 14

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 68
VTI Sortino Ratio Rank: 66
VTI Omega Ratio Rank: 67
VTI Calmar Ratio Rank: 64
VTI Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSASX vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Income Fund (SSASX) and Vanguard Total Stock Market ETF (VTI). 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	VTI	Difference
Sharpe ratio: Return per unit of total volatility	1.11	2.14	-1.03
Sortino ratio: Return per unit of downside risk	1.67	2.90	-1.23
Omega ratio: Gain probability vs. loss probability	1.20	1.38	-0.19
Calmar ratio: Return relative to maximum drawdown	1.34	3.06	-1.72
Martin ratio: Return relative to average drawdown	3.76	13.68	-9.92

SSASX vs. VTI - Sharpe Ratio Comparison

The current SSASX Sharpe Ratio is 1.11, which is lower than the VTI Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of SSASX and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSASX vs. VTI - Drawdown Comparison

The maximum SSASX drawdown since its inception was -19.65%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for SSASX and VTI.

Drawdown Indicators

	SSASX	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-19.65%	-55.45%	+35.80%
Max Drawdown (1Y) Largest decline over 1 year	-3.42%	-8.92%	+5.50%
Max Drawdown (3Y) Largest decline over 3 years	-7.97%	-19.30%	+11.33%
Max Drawdown (5Y) Largest decline over 5 years	-19.65%	-25.36%	+5.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-5.26%	-1.48%	-3.78%
Average Drawdown Average peak-to-trough decline	-9.63%	-8.01%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	1.99%	-0.77%

Volatility

SSASX vs. VTI - Volatility Comparison

The current volatility for State Street Income Fund (SSASX) is 1.26%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 4.74%. This indicates that SSASX experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSASX	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	4.74%	-3.48%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	9.96%	-6.98%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	12.76%	-8.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.50%	17.49%	-10.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.47%	18.35%	-11.88%

SSASX vs. VTI - Expense Ratio Comparison

SSASX has a 0.20% expense ratio, which is higher than VTI's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SSASX vs. VTI - Dividend Comparison

SSASX's dividend yield for the trailing twelve months is around 4.00%, more than VTI's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VTI Vanguard Total Stock Market ETF	1.02%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both SSASX and VTI in my portfolio?

SSASX and VTI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSASX or VTI?

VTI has higher volatility (4.74%) compared to SSASX (1.26%). In terms of maximum drawdown, SSASX dropped -19.65% vs VTI's -55.45%.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.14 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.