APBDX vs. APLIX
Compare and contrast key facts about Cavanal Hill Bond Fund (APBDX) and Cavanal Hill Hedged Income Fund (APLIX).
APBDX is managed by Cavanal Hill funds. It was launched on Sep 28, 1990. APLIX is managed by Cavanal Hill funds. It was launched on Dec 27, 2020.
Performance
APBDX vs. APLIX - Performance Comparison
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APBDX vs. APLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APBDX Cavanal Hill Bond Fund | -0.56% | 6.49% | 1.90% | 5.47% | -13.46% | -1.37% |
APLIX Cavanal Hill Hedged Income Fund | -5.79% | 16.87% | 10.43% | 5.04% | -1.92% | 7.28% |
Returns By Period
In the year-to-date period, APBDX achieves a -0.56% return, which is significantly higher than APLIX's -5.79% return.
APBDX
- 1D
- 0.59%
- 1M
- -2.19%
- YTD
- -0.56%
- 6M
- 0.48%
- 1Y
- 3.26%
- 3Y*
- 3.31%
- 5Y*
- -0.10%
- 10Y*
- 1.09%
APLIX
- 1D
- -0.16%
- 1M
- -6.21%
- YTD
- -5.79%
- 6M
- -4.40%
- 1Y
- 13.32%
- 3Y*
- 8.35%
- 5Y*
- 5.21%
- 10Y*
- —
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APBDX vs. APLIX - Expense Ratio Comparison
APBDX has a 0.72% expense ratio, which is lower than APLIX's 1.35% expense ratio.
Return for Risk
APBDX vs. APLIX — Risk / Return Rank
APBDX
APLIX
APBDX vs. APLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Bond Fund (APBDX) and Cavanal Hill Hedged Income Fund (APLIX). 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.
| APBDX | APLIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 1.00 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.48 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.18 | +0.17 |
Martin ratioReturn relative to average drawdown | 3.64 | 5.12 | -1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APBDX | APLIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 1.00 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.51 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.58 | +0.43 |
Correlation
The correlation between APBDX and APLIX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
APBDX vs. APLIX - Dividend Comparison
APBDX's dividend yield for the trailing twelve months is around 3.34%, more than APLIX's 0.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APBDX Cavanal Hill Bond Fund | 3.34% | 3.54% | 3.45% | 2.65% | 2.41% | 1.85% | 1.79% | 2.24% | 2.16% | 1.62% | 1.97% | 1.79% |
APLIX Cavanal Hill Hedged Income Fund | 0.22% | 0.40% | 0.84% | 2.06% | 2.09% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
APBDX vs. APLIX - Drawdown Comparison
The maximum APBDX drawdown since its inception was -18.21%, which is greater than APLIX's maximum drawdown of -14.52%. Use the drawdown chart below to compare losses from any high point for APBDX and APLIX.
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Drawdown Indicators
| APBDX | APLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.21% | -14.52% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -9.76% | +6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.21% | -14.52% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -18.21% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -7.93% | +4.84% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -2.29% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 2.30% | -1.22% |
Volatility
APBDX vs. APLIX - Volatility Comparison
The current volatility for Cavanal Hill Bond Fund (APBDX) is 1.41%, while Cavanal Hill Hedged Income Fund (APLIX) has a volatility of 3.33%. This indicates that APBDX experiences smaller price fluctuations and is considered to be less risky than APLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APBDX | APLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 3.33% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 7.51% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 14.24% | -9.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 10.18% | -4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 10.13% | -5.41% |