CADUX vs. VMSAX
CADUX (CION Ares Diversified Credit Fund Class I) and VMSAX (Vanguard Multi-Sector Income Bond Fund Admiral Shares) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, CADUX returned 8.06%/yr vs 7.80%/yr for VMSAX. At a 0.41 correlation, their price movements are largely independent.
Performance
CADUX vs. VMSAX - Performance Comparison
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Returns By Period
In the year-to-date period, CADUX achieves a -0.45% return, which is significantly lower than VMSAX's 1.30% return.
CADUX
- 1D
- 0.00%
- 1M
- 0.17%
- YTD
- -0.45%
- 6M
- 0.28%
- 1Y
- 4.15%
- 3Y*
- 8.06%
- 5Y*
- 5.79%
- 10Y*
- —
VMSAX
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 1.30%
- 6M
- 1.52%
- 1Y
- 6.48%
- 3Y*
- 7.80%
- 5Y*
- —
- 10Y*
- —
CADUX vs. VMSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CADUX CION Ares Diversified Credit Fund Class I | -0.45% | 7.50% | 9.70% | 11.32% | -3.29% |
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | 1.30% | 9.08% | 6.86% | 10.53% | -8.42% |
Correlation
The correlation between CADUX and VMSAX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.41 |
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Return for Risk
CADUX vs. VMSAX — Risk / Return Rank
CADUX
VMSAX
CADUX vs. VMSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CION Ares Diversified Credit Fund Class I (CADUX) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX). 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.
| CADUX | VMSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 2.10 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.12 | +1.58 |
| Martin ratioReturn relative to average drawdown | 5.17 | 1.90 | +3.27 |
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Drawdowns
CADUX vs. VMSAX - Drawdown Comparison
The maximum CADUX drawdown since its inception was -18.59%, smaller than the maximum VMSAX drawdown of -54.84%. Use the drawdown chart below to compare losses from any high point for CADUX and VMSAX.
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Drawdown Indicators
| CADUX | VMSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -54.84% | +36.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.47% | -54.84% | +52.37% |
Max Drawdown (3Y)Largest decline over 3 years | -2.47% | -54.84% | +52.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.39% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.16% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -3.06% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 3.49% | -2.68% |
Volatility
CADUX vs. VMSAX - Volatility Comparison
CION Ares Diversified Credit Fund Class I (CADUX) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) have volatilities of 0.81% and 0.83%, 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
| CADUX | VMSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.83% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 2.05% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 133.32% | -130.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 63.93% | -61.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.11% | 63.93% | -59.82% |
Dividends
CADUX vs. VMSAX - Dividend Comparison
CADUX's dividend yield for the trailing twelve months is around 8.83%, more than VMSAX's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CADUX CION Ares Diversified Credit Fund Class I | 8.83% | 8.48% | 8.42% | 6.84% | 4.08% | 4.46% | 5.56% | 2.71% |
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | 5.54% | 5.66% | 6.48% | 5.52% | 3.76% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CADUX and VMSAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMSAX has higher volatility (0.83%) compared to CADUX (0.81%). In terms of maximum drawdown, CADUX dropped -18.59% vs VMSAX's -54.84%.
CADUX currently has the higher Sharpe Ratio (1.38 vs 0.05), 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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