AWF vs. CRDOX
AWF (AllianceBernstein Global High Income Closed Fund) and CRDOX (Six Circles Credit Opportunities Fund) are both High Yield Bonds funds. Over the past 5 years, AWF returned 4.24%/yr vs 3.18%/yr for CRDOX. At a 0.42 correlation, their price movements are largely independent. AWF charges 1.00%/yr vs 0.29%/yr for CRDOX.
Performance
AWF vs. CRDOX - Performance Comparison
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Returns By Period
In the year-to-date period, AWF achieves a -1.51% return, which is significantly lower than CRDOX's 2.56% return.
AWF
- 1D
- -0.30%
- 1M
- 0.64%
- 6M
- -0.17%
- YTD
- -1.51%
- 1Y
- -1.67%
- 3Y*
- 8.80%
- 5Y*
- 4.24%
- 10Y*
- 5.43%
CRDOX
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 2.11%
- YTD
- 2.56%
- 1Y
- 7.11%
- 3Y*
- 7.79%
- 5Y*
- 3.18%
- 10Y*
- —
AWF vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AWF AllianceBernstein Global High Income Closed Fund | -1.51% | 7.54% | 14.30% | 18.37% | -16.62% | 9.95% | 7.32% |
CRDOX Six Circles Credit Opportunities Fund | 2.56% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Correlation
The correlation between AWF and CRDOX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.42 |
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Return for Risk
AWF vs. CRDOX — Risk / Return Rank
AWF
CRDOX
AWF vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianceBernstein Global High Income Closed Fund (AWF) and Six Circles Credit Opportunities Fund (CRDOX). 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.
| AWF | CRDOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -4.32 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.61 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 2.70 | -2.86 |
| Martin ratioReturn relative to average drawdown | -0.36 | 11.90 | -12.26 |
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Drawdowns
AWF vs. CRDOX - Drawdown Comparison
The maximum AWF drawdown since its inception was -55.54%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for AWF and CRDOX.
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Drawdown Indicators
| AWF | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -15.92% | -39.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -2.70% | -7.49% |
Max Drawdown (3Y)Largest decline over 3 years | -11.12% | -4.66% | -6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -15.92% | -9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -40.12% | — | — |
Current DrawdownCurrent decline from peak | -5.62% | -0.22% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -3.45% | -8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 0.61% | +4.05% |
Volatility
AWF vs. CRDOX - Volatility Comparison
AllianceBernstein Global High Income Closed Fund (AWF) has a higher volatility of 2.06% compared to Six Circles Credit Opportunities Fund (CRDOX) at 0.46%. This indicates that AWF's price experiences larger fluctuations and is considered to be riskier than CRDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWF | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 0.46% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 2.31% | +5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 2.86% | +5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 4.16% | +7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 3.99% | +11.19% |
AWF vs. CRDOX - Expense Ratio Comparison
AWF has a 1.00% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Dividends
AWF vs. CRDOX - Dividend Comparison
AWF's dividend yield for the trailing twelve months is around 7.77%, more than CRDOX's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWF AllianceBernstein Global High Income Closed Fund | 7.77% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
CRDOX Six Circles Credit Opportunities Fund | 6.56% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AWF and CRDOX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWF has higher volatility (2.06%) compared to CRDOX (0.46%). In terms of maximum drawdown, AWF dropped -55.54% vs CRDOX's -15.92%.
CRDOX currently has the higher Sharpe Ratio (2.55 vs -0.19), 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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