CCIF vs. FEDUX
CCIF (Carlyle Credit Income Fund) and FEDUX (Fidelity Education Income Fund) are both Intermediate Core Bond funds. Over the past 5 years, CCIF returned -9.18%/yr vs -0.44%/yr for FEDUX. At a 0.07 correlation, their price movements are largely independent.
Performance
CCIF vs. FEDUX - Performance Comparison
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Returns By Period
In the year-to-date period, CCIF achieves a -30.52% return, which is significantly lower than FEDUX's 0.02% return.
CCIF
- 1D
- 2.62%
- 1M
- -7.96%
- YTD
- -30.52%
- 6M
- -29.77%
- 1Y
- -39.08%
- 3Y*
- -17.12%
- 5Y*
- -9.18%
- 10Y*
- —
FEDUX
- 1D
- -0.11%
- 1M
- 0.25%
- YTD
- 0.02%
- 6M
- 0.49%
- 1Y
- 3.31%
- 3Y*
- 2.62%
- 5Y*
- -0.44%
- 10Y*
- —
CCIF vs. FEDUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | -30.52% | -27.64% | 16.37% | 14.50% | -6.37% | -2.14% |
FEDUX Fidelity Education Income Fund | 0.02% | 6.40% | -0.29% | 1.62% | -8.38% | -1.27% |
Correlation
The correlation between CCIF and FEDUX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.07 |
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Return for Risk
CCIF vs. FEDUX — Risk / Return Rank
CCIF
FEDUX
CCIF vs. FEDUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlyle Credit Income Fund (CCIF) and Fidelity Education Income Fund (FEDUX). 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.
| CCIF | FEDUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.04 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.27 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.00 | -2.86 |
| Martin ratioReturn relative to average drawdown | -1.50 | 5.97 | -7.47 |
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Drawdowns
CCIF vs. FEDUX - Drawdown Comparison
The maximum CCIF drawdown since its inception was -53.23%, which is greater than FEDUX's maximum drawdown of -12.00%. Use the drawdown chart below to compare losses from any high point for CCIF and FEDUX.
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Drawdown Indicators
| CCIF | FEDUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -12.00% | -41.23% |
Max Drawdown (1Y)Largest decline over 1 year | -45.20% | -1.72% | -43.48% |
Max Drawdown (3Y)Largest decline over 3 years | -53.23% | -2.80% | -50.43% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | -12.00% | -41.23% |
Current DrawdownCurrent decline from peak | -52.01% | -2.76% | -49.25% |
Average DrawdownAverage peak-to-trough decline | -12.00% | -6.42% | -5.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.05% | 0.57% | +25.48% |
Volatility
CCIF vs. FEDUX - Volatility Comparison
Carlyle Credit Income Fund (CCIF) has a higher volatility of 7.44% compared to Fidelity Education Income Fund (FEDUX) at 0.83%. This indicates that CCIF's price experiences larger fluctuations and is considered to be riskier than FEDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCIF | FEDUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 0.83% | +6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 26.21% | 1.83% | +24.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.52% | 2.50% | +28.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 3.14% | +17.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.48% | 3.12% | +22.36% |
Dividends
CCIF vs. FEDUX - Dividend Comparison
CCIF's dividend yield for the trailing twelve months is around 45.02%, more than FEDUX's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | 45.02% | 26.87% | 15.73% | 23.58% | 9.96% | 8.55% | 6.09% | 3.77% |
FEDUX Fidelity Education Income Fund | 4.40% | 4.43% | 0.36% | 0.71% | 0.00% | 0.13% | 0.00% | 0.00% |
Frequently Asked Questions
CCIF and FEDUX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCIF has higher volatility (7.44%) compared to FEDUX (0.83%). In terms of maximum drawdown, CCIF dropped -53.23% vs FEDUX's -12.00%.
FEDUX currently has the higher Sharpe Ratio (1.38 vs -1.29), 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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