- Issuer
- Six Circles
- Inception Date
- Nov 22, 2020
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
CRDOX Performance Chart
Six Circles Credit Opportunities Fund (CRDOX) is up 1.9% since the beginning of the year. CRDOX is currently trading at $9 per share. Investors who bought $1,000 worth of CRDOX shares 5 years ago would now be looking at an investment worth $1,160.
Loading charts...
Compare this symbol against anything
Returns By Period
Six Circles Credit Opportunities Fund (CRDOX) has returned 1.94% so far this year and 5.75% over the past 12 months.
Six Circles Credit Opportunities Fund
- 1D
- -0.05%
- 1M
- -0.61%
- 6M
- 1.19%
- YTD
- 1.94%
- 1Y
- 5.75%
- 3Y*
- 7.49%
- 5Y*
- 3.02%
- 10Y*
- —
- ALL TIME*
- 3.27%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CRDOX Monthly Returns History
Based on dividend-adjusted daily data since Nov 23, 2020, CRDOX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Jun 2022 at -6.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CRDOX closed higher 42% of trading days. The best single day was Nov 10, 2022 with a return of +1.3%, while the worst single day was Jun 13, 2022 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | 0.59% | -2.21% | 2.12% | 0.71% | 0.63% | -0.61% | 1.94% | |||||
| 2025 | 0.68% | 0.34% | -1.67% | 0.37% | 1.50% | 1.60% | 0.90% | 1.12% | 0.78% | 0.66% | 0.46% | 0.56% | 7.48% |
| 2024 | 0.56% | 0.43% | 1.17% | -0.77% | 1.42% | 0.94% | 1.55% | 1.48% | 1.25% | -0.47% | 1.04% | -0.20% | 8.69% |
| 2023 | 4.13% | -1.62% | 0.36% | -0.23% | -1.57% | 1.78% | 0.83% | -0.87% | -0.61% | -1.55% | 4.23% | 3.15% | 8.06% |
| 2022 | -2.15% | -1.58% | -0.94% | -1.79% | -1.23% | -5.99% | 3.70% | -0.96% | -5.20% | 0.67% | 3.92% | 0.85% | -10.62% |
| 2021 | 0.00% | 0.19% | -0.47% | 0.76% | -0.10% | 1.07% | 0.28% | 0.37% | -0.01% | -0.20% | -0.78% | 1.55% | 2.66% |
Benchmark Metrics
Six Circles Credit Opportunities Fund has an annualized alpha of 1.93%, beta of 0.11, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since November 23, 2020.
- This fund participated in 34.15% of S&P 500 Index downside but only 24.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R2 of 0.20 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.20 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.93%
- Beta
- 0.11
- R²
- 0.20
- Upside Capture
- 24.14%
- Downside Capture
- 34.15%
Expense Ratio
CRDOX has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CRDOX ranks 77 for risk / return — above 77% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Six Circles Credit Opportunities Fund (CRDOX) and compare them to S&P 500 Index.
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.
| CRDOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.25 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.00 | +0.14 |
| Martin ratioReturn relative to average drawdown | 9.24 | 8.49 | +0.74 |
Dividends
Dividend History
Six Circles Credit Opportunities Fund provided a 6.57% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.47 | $0.62 | $0.60 | $0.51 | $0.28 | $0.03 |
Dividend yield | 6.57% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Six Circles Credit Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.32 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.02 | $0.07 | $0.07 | $0.47 |
| 2024 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.03 | $0.08 | $0.06 | $0.62 |
| 2023 | $0.06 | $0.07 | $0.05 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.60 |
| 2022 | $0.03 | $0.04 | $0.05 | $0.05 | $0.04 | $0.03 | $0.05 | $0.05 | $0.00 | $0.05 | $0.06 | $0.05 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Six Circles Credit Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Six Circles Credit Opportunities Fund was 15.92%, occurring on Oct 21, 2022. Recovery took 411 trading sessions.
The current Six Circles Credit Opportunities Fund drawdown is 0.83%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.92%Oct 2022 | 9mo 26d | 1y 7mo | 2y 5moDec 2021 - Jun 2024 | Bear market2022 |
-4.66%Apr 2025 | 1mo 11d | 2mo 2d | 3mo 13dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-2.70%Mar 2026 | 1mo 1d | 21d | 1mo 22dFeb 2026 - Apr 2026 | — |
-1.64%Mar 2021 | 1mo | 1mo 20d | 2mo 20dFeb 2021 - May 2021 | — |
-1.47%Nov 2021 | 2mo 3d | 1mo 1d | 3mo 4dSep 2021 - Dec 2021 | — |
Drawdown Indicators
| CRDOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.92% | -56.78% | +40.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -9.10% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -18.90% | +14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.92% | -25.43% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.83% | -1.58% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -10.70% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 2.14% | -1.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with CRDOX
Add Six Circles Credit Opportunities Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with CRDOX