AXSIX vs. CBRDX
AXSIX (Axonic Strategic Income Fund) and CBRDX (CrossingBridge Responsible Credit Fund) are both Multisector Bonds funds. Over the past 3 years, AXSIX returned 7.21%/yr vs 5.96%/yr for CBRDX. At a 0.11 correlation, their price movements are largely independent. AXSIX charges 1.00%/yr vs 0.89%/yr for CBRDX.
Performance
AXSIX vs. CBRDX - Performance Comparison
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Returns By Period
In the year-to-date period, AXSIX achieves a 1.72% return, which is significantly higher than CBRDX's 0.27% return.
AXSIX
- 1D
- -0.22%
- 1M
- 0.53%
- YTD
- 1.72%
- 6M
- 1.72%
- 1Y
- 5.42%
- 3Y*
- 7.21%
- 5Y*
- 3.70%
- 10Y*
- —
CBRDX
- 1D
- 0.11%
- 1M
- 0.08%
- YTD
- 0.27%
- 6M
- 0.27%
- 1Y
- 3.19%
- 3Y*
- 5.96%
- 5Y*
- —
- 10Y*
- —
AXSIX vs. CBRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 1.72% | 6.71% | 8.30% | 7.54% | -6.81% | 1.82% |
CBRDX CrossingBridge Responsible Credit Fund | 0.27% | 5.01% | 7.21% | 8.00% | 1.49% | 1.14% |
Correlation
The correlation between AXSIX and CBRDX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.11 |
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Return for Risk
AXSIX vs. CBRDX — Risk / Return Rank
AXSIX
CBRDX
AXSIX vs. CBRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) and CrossingBridge Responsible Credit Fund (CBRDX). 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.
| AXSIX | CBRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.48 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | 3.26 | +1.30 |
| Martin ratioReturn relative to average drawdown | 16.65 | 8.47 | +8.18 |
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Drawdowns
AXSIX vs. CBRDX - Drawdown Comparison
The maximum AXSIX drawdown since its inception was -12.55%, which is greater than CBRDX's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for AXSIX and CBRDX.
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Drawdown Indicators
| AXSIX | CBRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.55% | -2.46% | -10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -1.05% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -1.22% | -2.46% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -6.87% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.94% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -0.35% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.40% | -0.07% |
Volatility
AXSIX vs. CBRDX - Volatility Comparison
Axonic Strategic Income Fund (AXSIX) and CrossingBridge Responsible Credit Fund (CBRDX) have volatilities of 0.72% and 0.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXSIX | CBRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.69% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 1.35% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 1.82% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 2.07% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.69% | 2.07% | +1.62% |
AXSIX vs. CBRDX - Expense Ratio Comparison
AXSIX has a 1.00% expense ratio, which is higher than CBRDX's 0.89% expense ratio.
Dividends
AXSIX vs. CBRDX - Dividend Comparison
AXSIX's dividend yield for the trailing twelve months is around 6.22%, less than CBRDX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 6.22% | 6.39% | 6.52% | 6.24% | 3.89% | 6.70% | 2.04% |
CBRDX CrossingBridge Responsible Credit Fund | 6.63% | 7.52% | 8.57% | 8.57% | 6.67% | 1.34% | 0.00% |
Frequently Asked Questions
AXSIX and CBRDX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXSIX has higher volatility (0.72%) compared to CBRDX (0.69%). In terms of maximum drawdown, AXSIX dropped -12.55% vs CBRDX's -2.46%.
AXSIX currently has the higher Sharpe Ratio (2.29 vs 1.88), 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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