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FS Credit Income Fund Class I (FCRIX) Sharpe Ratio: 2.81

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

FS Credit Income Fund is an alternative credit strategy that seeks to provide attractive total returns, including an attractive level of current income and capital appreciation, by investing in semi-liquid and event-driven credit.

FCRIX's Sharpe Ratio of 2.81 indicates that for each unit of volatility, it generates 2.81 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FCRIX Sharpe Ratio Rank

FCRIX Sharpe Ratio Rank: 91.491
Exceptional

FCRIX ranks above 91.4% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

FCRIX Sharpe Ratio Market Positioning

The chart shows FCRIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.32+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares FS Credit Income Fund Class I's Sharpe Ratio with other mutual funds in the Multistrategy category across multiple time periods, showing how FCRIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
SRRIXStone Ridge Reinsurance Risk Premium Interval Fund14.20
ARBIXAbsolute Convertible Arbitrage Fund Institutional Shares7.92
FSLTXStrategic Advisers Alternatives Fund5.54
SHRIXStone Ridge High Yield Reinsurance Risk Premium Fund Class I5.19
BXMIXBlackstone Alternative Multi-Strategy Fund4.79
ADAIXAQR Diversified Arbitrage Fund Class I4.55
ADANXAQR Diversified Arbitrage Fund Class N4.33
RMDFXAspiriant Defensive Allocation Fund3.88
PSMIXPrincipal Global Multi-Strategy Fund3.52
SPATXSymmetry Panoramic Alternatives Fund3.47
FCRIXFS Credit Income Fund Class I2.81

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FCRIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FCRIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FCRIX fit in your portfolio?

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