ACP vs. AXSIX
ACP (abrdn Income Credit Strategies Fund) and AXSIX (Axonic Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, ACP returned -0.18%/yr vs 3.51%/yr for AXSIX. Their 0.19 correlation means their historical movements had little consistent relationship. ACP charges 1.97%/yr vs 1.00%/yr for AXSIX.
Performance
ACP vs. AXSIX - Performance Comparison
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Returns By Period
In the year-to-date period, ACP achieves a 2.65% return, which is significantly higher than AXSIX's 1.73% return.
ACP
- 1D
- -0.79%
- 1M
- -3.51%
- 6M
- -2.71%
- YTD
- 2.65%
- 1Y
- -0.14%
- 3Y*
- 6.94%
- 5Y*
- -0.18%
- 10Y*
- 5.37%
- ALL TIME*
- 3.72%
AXSIX
- 1D
- -0.23%
- 1M
- -0.45%
- 6M
- 0.82%
- YTD
- 1.73%
- 1Y
- 3.95%
- 3Y*
- 6.74%
- 5Y*
- 3.51%
- 10Y*
- —
- ALL TIME*
- 3.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.09M | $2.75M | $2.45M | |
| $0.00 | $0.00 | $0.00 |
ACP vs. AXSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 2.65% | 6.48% | 4.81% | 19.27% | -22.87% | 6.65% | 7.51% |
AXSIX Axonic Strategic Income Fund | 1.73% | 6.71% | 8.30% | 7.54% | -6.81% | 5.91% | -0.16% |
Correlation
The correlation between ACP and AXSIX is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.19 |
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Return for Risk
ACP vs. AXSIX — Risk / Return Rank
ACP
AXSIX
ACP vs. AXSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Income Credit Strategies Fund (ACP) and Axonic Strategic Income Fund (AXSIX). 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.
| ACP | AXSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.51 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.00 | -4.01 |
| Martin ratioReturn relative to average drawdown | -0.04 | 14.64 | -14.68 |
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Drawdowns
ACP vs. AXSIX - Drawdown Comparison
The maximum ACP drawdown since its inception was -51.03%, which is greater than AXSIX's maximum drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for ACP and AXSIX.
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Drawdown Indicators
| ACP | AXSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.03% | -12.55% | -38.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -1.22% | -9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -1.22% | -17.75% |
Max Drawdown (5Y)Largest decline over 5 years | -38.83% | -6.87% | -31.96% |
Max Drawdown (10Y)Largest decline over 10 years | -51.03% | — | — |
Current DrawdownCurrent decline from peak | -7.88% | -0.56% | -7.32% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -1.92% | -9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 0.33% | +3.53% |
Volatility
ACP vs. AXSIX - Volatility Comparison
abrdn Income Credit Strategies Fund (ACP) has a higher volatility of 3.78% compared to Axonic Strategic Income Fund (AXSIX) at 0.56%. This indicates that ACP's price experiences larger fluctuations and is considered to be riskier than AXSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACP | AXSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 0.56% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 1.69% | +8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.30% | 2.40% | +9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 2.19% | +14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.09% | 3.67% | +17.42% |
ACP vs. AXSIX - Expense Ratio Comparison
ACP has a 1.97% expense ratio, which is higher than AXSIX's 1.00% expense ratio.
Dividends
ACP vs. AXSIX - Dividend Comparison
ACP's dividend yield for the trailing twelve months is around 18.53%, more than AXSIX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 18.53% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
AXSIX Axonic Strategic Income Fund | 5.50% | 6.39% | 6.52% | 6.24% | 3.89% | 6.70% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ACP and AXSIX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACP has higher volatility (3.78%) compared to AXSIX (0.56%). In terms of maximum drawdown, ACP dropped -51.03% vs AXSIX's -12.55%.
AXSIX currently has the higher Sharpe Ratio (2.04 vs -0.01), 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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