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Issuer
BlackRock
Inception Date
Feb 27, 2019
Category
Bank Loan
Min. Investment
$250,000
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

CREDX Performance Chart

BlackRock Credit Strategies Fund (CREDX) is up 1.8% since the beginning of the year. CREDX is currently trading at $8 per share. Investors who bought $1,000 worth of CREDX shares 5 years ago would now be looking at an investment worth $1,138.


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S&P 500 Index

Returns By Period

BlackRock Credit Strategies Fund (CREDX) has returned 1.80% so far this year and 5.23% over the past 12 months.


BlackRock Credit Strategies Fund

1D
0.00%
1M
0.65%
YTD
1.80%
6M
2.04%
1Y
5.23%
3Y*
7.59%
5Y*
2.62%
10Y*

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CREDX Monthly Returns History

Based on dividend-adjusted daily data since Jan 4, 2021, CREDX's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Jan 2023 with a return of +3.4%, while the worst month was Jun 2022 at -4.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, CREDX closed higher 30% of trading days. The best single day was Jul 31, 2023 with a return of +1.0%, while the worst single day was Jun 13, 2022 at -1.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.52%-0.41%-0.09%1.38%0.53%-0.12%1.80%
20250.57%0.49%-0.20%-0.35%1.60%0.85%0.75%1.23%0.84%-0.21%-0.11%0.00%5.55%
20240.80%0.39%0.45%0.66%1.27%-0.40%1.40%1.04%1.47%0.56%1.00%-0.51%8.41%
20233.37%-0.34%0.46%1.25%0.00%0.61%1.33%0.75%0.96%-0.14%1.82%1.52%12.18%
2022-1.34%-1.43%-0.25%-1.75%-2.09%-4.87%1.98%-0.57%-3.33%-0.12%1.55%-0.38%-12.08%
20210.49%1.02%-0.10%0.38%0.19%0.33%-0.61%1.12%-0.93%-1.11%-0.45%0.73%1.03%

Benchmark Metrics

BlackRock Credit Strategies Fund has an annualized alpha of 1.75%, beta of 0.07, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since January 04, 2021.

  • This fund participated in 18.37% of S&P 500 Index downside but only 14.91% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.07 may look defensive, but with R2 of 0.14 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 0.14 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
1.75%
Beta
0.07
0.14
Upside Capture
14.91%
Downside Capture
18.37%

Expense Ratio

CREDX has a high expense ratio of 2.19%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

CREDX ranks 67 for risk / return — better than 67% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


CREDX Risk / Return Rank: 6767
Overall Rank
CREDX Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
CREDX Sortino Ratio Rank: 7373
Sortino Ratio Rank
CREDX Omega Ratio Rank: 7979
Omega Ratio Rank
CREDX Calmar Ratio Rank: 8787
Calmar Ratio Rank
CREDX Martin Ratio Rank: 5858
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for BlackRock Credit Strategies Fund (CREDX) 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.


CREDXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.40

Sortino ratioReturn per unit of downside risk

+0.50

Omega ratioGain probability vs. loss probability

1.47

1.37

+0.10

Calmar ratioReturn relative to maximum drawdown

3.95

2.78

+1.17

Martin ratioReturn relative to average drawdown

10.84

12.44

-1.60

Dividends

Dividend History

BlackRock Credit Strategies Fund provided a 9.20% dividend yield over the last twelve months, with an annual payout of $0.74 per share.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%10.00%$0.00$0.20$0.40$0.60$0.8020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$0.74$0.75$0.83$0.86$0.29$0.57

Dividend yield

9.20%9.16%9.78%9.98%3.41%5.69%

Monthly Dividends

The table displays the monthly dividend distributions for BlackRock Credit Strategies Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.06$0.06$0.06$0.06$0.06$0.00$0.30
2025$0.07$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.07$0.75
2024$0.07$0.06$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.07$0.10$0.83
2023$0.06$0.05$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.07$0.07$0.19$0.86
2022$0.06$0.05$0.06$0.05$0.06$0.00$0.00$0.00$0.00$0.00$0.00$0.02$0.29
2021$0.05$0.05$0.00$0.00$0.00$0.05$0.06$0.06$0.05$0.06$0.05$0.14$0.57

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.


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Worst Drawdowns

The table below displays the maximum drawdowns of the BlackRock Credit Strategies 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 BlackRock Credit Strategies Fund was 15.13%, occurring on Oct 20, 2022. Recovery took 404 trading sessions.

The current BlackRock Credit Strategies Fund drawdown is 0.25%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-15.13%Oct 2022
1y 1mo1y 7mo
2y 9moSep 2021 - May 2024
2025 selloff2025
-2.47%Apr 2025
1mo 3d1mo 5d
2mo 8dMar 2025 - May 2025
2026 pullback2026
-1.33%Mar 2026
2mo 28d24d
3mo 22dDec 2025 - Apr 2026
2025 pullback2025
-1.17%Nov 2025
1mo 21d1mo 2d
2mo 23dOct 2025 - Dec 2025
2021 pullback2021
-1.05%Jul 2021
26d1mo 4d
2moJul 2021 - Aug 2021

Drawdown Indicators


CREDXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-15.13%

-56.78%

+41.65%

Max Drawdown (1Y)

Largest decline over 1 year

-1.33%

-9.10%

+7.77%

Max Drawdown (3Y)

Largest decline over 3 years

-2.47%

-18.90%

+16.43%

Max Drawdown (5Y)

Largest decline over 5 years

-15.13%

-25.43%

+10.30%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-0.25%

-1.80%

+1.55%

Average Drawdown

Average peak-to-trough decline

-3.75%

-10.71%

+6.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.48%

2.03%

-1.55%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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