BGB vs. CRDOX
BGB (Blackstone GSO Strategic Credit Closed Fund) and CRDOX (Six Circles Credit Opportunities Fund) are both High Yield Bonds funds. Over the past 5 years, BGB returned 4.83%/yr vs 3.18%/yr for CRDOX. At a 0.32 correlation, their price movements are largely independent. BGB charges 2.36%/yr vs 0.29%/yr for CRDOX.
Performance
BGB vs. CRDOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BGB achieves a -0.64% return, which is significantly lower than CRDOX's 2.56% return.
BGB
- 1D
- -0.18%
- 1M
- 0.76%
- 6M
- -1.73%
- YTD
- -0.64%
- 1Y
- -0.82%
- 3Y*
- 10.73%
- 5Y*
- 4.83%
- 10Y*
- 6.34%
CRDOX
- 1D
- 0.00%
- 1M
- 0.19%
- 6M
- 2.11%
- YTD
- 2.56%
- 1Y
- 7.11%
- 3Y*
- 7.79%
- 5Y*
- 3.18%
- 10Y*
- —
BGB vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | -0.64% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | 3.20% |
CRDOX Six Circles Credit Opportunities Fund | 2.56% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Correlation
The correlation between BGB and CRDOX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BGB vs. CRDOX — Risk / Return Rank
BGB
CRDOX
BGB vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) 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.
| BGB | CRDOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.21 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.61 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.70 | -2.79 |
| Martin ratioReturn relative to average drawdown | -0.18 | 11.90 | -12.08 |
Loading charts...
Drawdowns
BGB vs. CRDOX - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for BGB and CRDOX.
Loading charts...
Drawdown Indicators
| BGB | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -15.92% | -28.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -2.70% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -4.66% | -8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -15.92% | -5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | — | — |
Current DrawdownCurrent decline from peak | -4.02% | -0.22% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -3.45% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 0.61% | +3.97% |
Volatility
BGB vs. CRDOX - Volatility Comparison
Blackstone GSO Strategic Credit Closed Fund (BGB) has a higher volatility of 0.81% compared to Six Circles Credit Opportunities Fund (CRDOX) at 0.46%. This indicates that BGB'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.
Loading charts...
Volatility by Period
| BGB | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.46% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 5.39% | 2.31% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.53% | 2.86% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.87% | 4.16% | +6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 3.99% | +12.08% |
BGB vs. CRDOX - Expense Ratio Comparison
BGB has a 2.36% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Dividends
BGB vs. CRDOX - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.45%, more than CRDOX's 6.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | 8.45% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
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
BGB and CRDOX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGB has higher volatility (0.81%) compared to CRDOX (0.46%). In terms of maximum drawdown, BGB dropped -44.87% vs CRDOX's -15.92%.
CRDOX currently has the higher Sharpe Ratio (2.55 vs -0.11), 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.
Find the right allocation for BGB and CRDOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer