BWDTX vs. CBLDX

Last updated Jun 4, 2026

BWDTX (Boyd Watterson Limited Duration Enhanced Income Fund) and CBLDX (CrossingBridge Low Duration High Yield Fund) are both Multisector Bonds funds. Over the past 5 years, BWDTX returned 4.25%/yr vs 5.22%/yr for CBLDX. At a 0.32 correlation, their price movements are largely independent. BWDTX charges 0.40%/yr vs 0.88%/yr for CBLDX.

Performance

BWDTX vs. CBLDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and CrossingBridge Low Duration High Yield Fund (CBLDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWDTX achieves a 1.58% return, which is significantly lower than CBLDX's 1.83% return.

BWDTX

• 1D: 0.00%
• 1M: 0.50%
• YTD: 1.58%
• 6M: 2.08%
• 1Y: 6.04%
• 3Y*: 6.54%
• 5Y*: 4.25%
• 10Y*: —

CBLDX

• 1D: 0.10%
• 1M: 0.66%
• YTD: 1.83%
• 6M: 2.71%
• 1Y: 5.17%
• 3Y*: 6.63%
• 5Y*: 5.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BWDTX vs. CBLDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund	1.58%	7.14%	4.92%	9.80%	-3.16%	2.32%	4.66%	7.94%	-0.70%
CBLDX CrossingBridge Low Duration High Yield Fund	1.83%	6.04%	7.11%	7.71%	0.66%	7.44%	3.59%	3.50%	1.67%

Correlation

The correlation between BWDTX and CBLDX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Feb 1, 2018	0.32

The correlation between BWDTX and CBLDX shifts across timeframes, from 0.21 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BWDTX vs. CBLDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BWDTX

BWDTX Risk / Return Rank: 98
BWDTX Sharpe Ratio Rank: 99
BWDTX Sortino Ratio Rank: 99
BWDTX Omega Ratio Rank: 98
BWDTX Calmar Ratio Rank: 96
BWDTX Martin Ratio Rank: 98

CBLDX

CBLDX Risk / Return Rank: 97
CBLDX Sharpe Ratio Rank: 98
CBLDX Sortino Ratio Rank: 97
CBLDX Omega Ratio Rank: 98
CBLDX Calmar Ratio Rank: 97
CBLDX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BWDTX vs. CBLDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and CrossingBridge Low Duration High Yield Fund (CBLDX). 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.

	BWDTX	CBLDX	Difference
Sharpe ratio: Return per unit of total volatility	4.78	3.81	+0.97
Sortino ratio: Return per unit of downside risk	8.11	5.67	+2.44
Omega ratio: Gain probability vs. loss probability	2.42	2.20	+0.22
Calmar ratio: Return relative to maximum drawdown	6.19	7.29	-1.10
Martin ratio: Return relative to average drawdown	31.32	29.04	+2.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BWDTX vs. CBLDX - Sharpe Ratio Comparison

The current BWDTX Sharpe Ratio is 4.78, which is comparable to the CBLDX Sharpe Ratio of 3.81. The chart below compares the historical Sharpe Ratios of BWDTX and CBLDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BWDTX	CBLDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.78	3.81	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.93	3.30	-1.37
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	2.60	-0.79

Drawdowns

BWDTX vs. CBLDX - Drawdown Comparison

The maximum BWDTX drawdown since its inception was -10.06%, which is greater than CBLDX's maximum drawdown of -8.15%. Use the drawdown chart below to compare losses from any high point for BWDTX and CBLDX.

Drawdown Indicators

	BWDTX	CBLDX	Difference
Max Drawdown Largest peak-to-trough decline	-10.06%	-8.15%	-1.91%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-0.73%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-2.21%	-1.05%	-1.16%
Max Drawdown (5Y) Largest decline over 5 years	-6.35%	-1.88%	-4.47%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.68%	-0.31%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	0.18%	+0.02%

Volatility

BWDTX vs. CBLDX - Volatility Comparison

Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) has a higher volatility of 0.43% compared to CrossingBridge Low Duration High Yield Fund (CBLDX) at 0.31%. This indicates that BWDTX's price experiences larger fluctuations and is considered to be riskier than CBLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWDTX	CBLDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	0.31%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	1.03%	1.13%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	1.39%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.21%	1.59%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.20%	1.82%	+0.38%

BWDTX vs. CBLDX - Expense Ratio Comparison

BWDTX has a 0.40% expense ratio, which is lower than CBLDX's 0.88% expense ratio.

Dividends

BWDTX vs. CBLDX - Dividend Comparison

BWDTX's dividend yield for the trailing twelve months is around 5.65%, less than CBLDX's 6.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund	5.65%	5.70%	4.13%	5.51%	3.80%	3.20%	3.18%	3.47%	4.18%	2.90%	1.35%
CBLDX CrossingBridge Low Duration High Yield Fund	6.22%	6.43%	7.12%	7.65%	5.07%	5.13%	3.97%	2.85%	2.18%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BWDTX and CBLDX in my portfolio?

BWDTX and CBLDX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWDTX or CBLDX?

BWDTX has higher volatility (0.43%) compared to CBLDX (0.31%). In terms of maximum drawdown, BWDTX dropped -10.06% vs CBLDX's -8.15%.

Which has better risk-adjusted returns?

BWDTX currently has the higher Sharpe Ratio (4.78 vs 3.81), 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.