BINC vs. CRDT
BINC (iShares Flexible Income Active ETF) and CRDT (Simplify Opportunistic Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, BINC returned 6.72%/yr vs 3.97%/yr for CRDT. At a 0.42 correlation, their price movements are largely independent. BINC charges 0.40%/yr vs 0.50%/yr for CRDT.
Performance
BINC vs. CRDT - Performance Comparison
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Returns By Period
In the year-to-date period, BINC achieves a 1.40% return, which is significantly lower than CRDT's 2.76% return.
BINC
- 1D
- -0.06%
- 1M
- 0.17%
- 6M
- 1.02%
- YTD
- 1.40%
- 1Y
- 5.20%
- 3Y*
- 6.72%
- 5Y*
- —
- 10Y*
- —
CRDT
- 1D
- -0.34%
- 1M
- 0.92%
- 6M
- 0.73%
- YTD
- 2.76%
- 1Y
- 3.31%
- 3Y*
- 3.97%
- 5Y*
- —
- 10Y*
- —
BINC vs. CRDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 1.40% | 7.57% | 5.76% | 6.67% |
CRDT Simplify Opportunistic Income ETF | 2.76% | -0.67% | 5.19% | 5.20% |
Correlation
The correlation between BINC and CRDT is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.42 |
The correlation between BINC and CRDT has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
BINC vs. CRDT — Risk / Return Rank
BINC
CRDT
BINC vs. CRDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Income Active ETF (BINC) and Simplify Opportunistic Income ETF (CRDT). 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.
| BINC | CRDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.07 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 0.46 | +1.48 |
| Martin ratioReturn relative to average drawdown | 7.57 | 1.59 | +5.98 |
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Drawdowns
BINC vs. CRDT - Drawdown Comparison
The maximum BINC drawdown since its inception was -2.69%, smaller than the maximum CRDT drawdown of -9.80%. Use the drawdown chart below to compare losses from any high point for BINC and CRDT.
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Drawdown Indicators
| BINC | CRDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.69% | -9.80% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -7.18% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -2.69% | -9.80% | +7.11% |
Current DrawdownCurrent decline from peak | -0.21% | -2.48% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -2.32% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.09% | -1.40% |
Volatility
BINC vs. CRDT - Volatility Comparison
The current volatility for iShares Flexible Income Active ETF (BINC) is 0.70%, while Simplify Opportunistic Income ETF (CRDT) has a volatility of 3.76%. This indicates that BINC experiences smaller price fluctuations and is considered to be less risky than CRDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BINC | CRDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 3.76% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 8.84% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.33% | 9.50% | -7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 7.40% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 7.40% | -4.42% |
BINC vs. CRDT - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is lower than CRDT's 0.50% expense ratio.
Dividends
BINC vs. CRDT - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.84%, less than CRDT's 6.13% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.84% | 5.86% | 6.14% | 3.13% |
CRDT Simplify Opportunistic Income ETF | 6.13% | 7.04% | 7.29% | 2.59% |
Frequently Asked Questions
BINC and CRDT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRDT has higher volatility (3.76%) compared to BINC (0.70%). In terms of maximum drawdown, BINC dropped -2.69% vs CRDT's -9.80%.
On 3-year performance, BINC leads with 6.72% vs 3.97% for CRDT. On fees, BINC is cheaper at 0.40% per year. On volatility, BINC has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BINC has performed better with a 6.72% return vs 3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BINC is cheaper with a 0.40% expense ratio, compared with 0.50% for CRDT.
CRDT has the higher dividend yield at 6.13%, compared with 5.84% for BINC.
They also come from different issuers: iShares and Simplify. Their fees differ too: 0.40% for BINC and 0.50% for CRDT.
BINC currently has the higher Sharpe Ratio (2.24 vs 0.35), 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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