CADUX vs. ECSIX

Last updated Jun 3, 2026

CADUX (CION Ares Diversified Credit Fund Class I) and ECSIX (Eaton Vance Short Duration Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, CADUX returned 5.92%/yr vs 4.07%/yr for ECSIX. At a 0.34 correlation, their price movements are largely independent.

Performance

CADUX vs. ECSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CION Ares Diversified Credit Fund Class I (CADUX) and Eaton Vance Short Duration Strategic Income Fund (ECSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CADUX achieves a 0.13% return, which is significantly lower than ECSIX's 1.76% return.

CADUX

• 1D: -0.04%
• 1M: 0.46%
• YTD: 0.13%
• 6M: 0.62%
• 1Y: 4.72%
• 3Y*: 8.44%
• 5Y*: 5.92%
• 10Y*: —

ECSIX

• 1D: 0.00%
• 1M: 0.04%
• YTD: 1.76%
• 6M: 2.53%
• 1Y: 9.05%
• 3Y*: 7.54%
• 5Y*: 4.07%
• 10Y*: 3.96%

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

CADUX vs. ECSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CADUX CION Ares Diversified Credit Fund Class I	0.13%	7.50%	9.70%	11.32%	-2.85%	8.22%	2.79%	2.93%
ECSIX Eaton Vance Short Duration Strategic Income Fund	1.76%	10.19%	5.71%	7.31%	-3.31%	0.69%	6.60%	-0.03%

Correlation

The correlation between CADUX and ECSIX 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	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jul 12, 2019	0.34

Return for Risk

CADUX vs. ECSIX — Risk / Return Rank

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

CADUX

CADUX Risk / Return Rank: 56
CADUX Sharpe Ratio Rank: 30
CADUX Sortino Ratio Rank: 95
CADUX Omega Ratio Rank: 87
CADUX Calmar Ratio Rank: 38
CADUX Martin Ratio Rank: 31

ECSIX

ECSIX Risk / Return Rank: 86
ECSIX Sharpe Ratio Rank: 94
ECSIX Sortino Ratio Rank: 94
ECSIX Omega Ratio Rank: 93
ECSIX Calmar Ratio Rank: 81
ECSIX Martin Ratio Rank: 69

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.

CADUX vs. ECSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CION Ares Diversified Credit Fund Class I (CADUX) and Eaton Vance Short Duration Strategic Income Fund (ECSIX). 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.

	CADUX	ECSIX	Difference
Sharpe ratio Return per unit of total volatility	1.57	3.21	-1.65
Sortino ratio Return per unit of downside risk	5.02	4.94	+0.08
Omega ratio Gain probability vs. loss probability	1.60	1.70	-0.10
Calmar ratio Return relative to maximum drawdown	2.35	3.73	-1.38
Martin ratio Return relative to average drawdown	7.24	13.37	-6.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CADUX vs. ECSIX - Sharpe Ratio Comparison

The current CADUX Sharpe Ratio is 1.57, which is lower than the ECSIX Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of CADUX and ECSIX, 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

	CADUX	ECSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	3.21	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.19	1.28	+0.91
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	1.47	-0.08

Drawdowns

CADUX vs. ECSIX - Drawdown Comparison

The maximum CADUX drawdown since its inception was -18.59%, which is greater than ECSIX's maximum drawdown of -12.95%. Use the drawdown chart below to compare losses from any high point for CADUX and ECSIX.

Drawdown Indicators

	CADUX	ECSIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-12.95%	-5.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.47%	-2.43%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-2.47%	-2.64%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-5.39%	-7.19%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-12.53%	—
Current Drawdown Current decline from peak	-0.04%	-0.78%	+0.74%
Average Drawdown Average peak-to-trough decline	-1.49%	-1.34%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.80%	0.68%	+0.12%

Volatility

CADUX vs. ECSIX - Volatility Comparison

The current volatility for CION Ares Diversified Credit Fund Class I (CADUX) is 0.89%, while Eaton Vance Short Duration Strategic Income Fund (ECSIX) has a volatility of 1.13%. This indicates that CADUX experiences smaller price fluctuations and is considered to be less risky than ECSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CADUX	ECSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	1.13%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	2.32%	2.21%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.05%	2.83%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.72%	3.21%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.12%	3.19%	+0.93%

Dividends

CADUX vs. ECSIX - Dividend Comparison

CADUX's dividend yield for the trailing twelve months is around 8.78%, more than ECSIX's 6.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CADUX CION Ares Diversified Credit Fund Class I	8.78%	8.48%	8.42%	6.84%	4.08%	4.46%	5.56%	2.71%	0.00%	0.00%	0.00%	0.00%
ECSIX Eaton Vance Short Duration Strategic Income Fund	6.33%	5.07%	6.21%	6.18%	4.78%	3.54%	3.47%	3.53%	3.19%	2.96%	3.20%	3.54%

Frequently Asked Questions

Can I hold both CADUX and ECSIX in my portfolio?

CADUX and ECSIX 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.

Which is riskier, CADUX or ECSIX?

ECSIX has higher volatility (1.13%) compared to CADUX (0.89%). In terms of maximum drawdown, CADUX dropped -18.59% vs ECSIX's -12.95%.

Which has better risk-adjusted returns?

ECSIX currently has the higher Sharpe Ratio (3.21 vs 1.57), 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.