CCIF vs. PCIFX
CCIF (Carlyle Credit Income Fund) and PCIFX (PACE Intermediate Fixed Income Investments) are both Intermediate Core Bond funds. Over the past 5 years, CCIF returned -7.85%/yr vs 0.44%/yr for PCIFX. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
CCIF vs. PCIFX - Performance Comparison
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Returns By Period
In the year-to-date period, CCIF achieves a -27.42% return, which is significantly lower than PCIFX's -0.35% return.
CCIF
- 1D
- 1.82%
- 1M
- 2.21%
- 6M
- -26.29%
- YTD
- -27.42%
- 1Y
- -32.20%
- 3Y*
- -13.25%
- 5Y*
- -7.85%
- 10Y*
- —
- ALL TIME*
- -5.90%
PCIFX
- 1D
- -0.10%
- 1M
- -0.81%
- 6M
- -0.62%
- YTD
- -0.35%
- 1Y
- 2.89%
- 3Y*
- 5.02%
- 5Y*
- 0.44%
- 10Y*
- 1.87%
- ALL TIME*
- 3.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $341.97K | $279.28K | $351.59K | |
| $0.00 | $0.00 | $0.00 |
CCIF vs. PCIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | -27.42% | -27.64% | 16.37% | 14.50% | -6.37% | 12.67% | 0.51% | -12.85% |
PCIFX PACE Intermediate Fixed Income Investments | -0.35% | 7.03% | 3.84% | 7.82% | -13.38% | -1.83% | 8.04% | 4.28% |
Correlation
The correlation between CCIF and PCIFX is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 28, 2019 | 0.07 |
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Return for Risk
CCIF vs. PCIFX — Risk / Return Rank
CCIF
PCIFX
CCIF vs. PCIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlyle Credit Income Fund (CCIF) and PACE Intermediate Fixed Income Investments (PCIFX). 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 | PCIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.16 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.38 | -2.18 |
| Martin ratioReturn relative to average drawdown | -1.28 | 3.60 | -4.88 |
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Drawdowns
CCIF vs. PCIFX - Drawdown Comparison
The maximum CCIF drawdown since its inception was -53.23%, which is greater than PCIFX's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for CCIF and PCIFX.
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Drawdown Indicators
| CCIF | PCIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -18.54% | -34.69% |
Max Drawdown (1Y)Largest decline over 1 year | -41.95% | -2.30% | -39.65% |
Max Drawdown (3Y)Largest decline over 3 years | -53.23% | -4.55% | -48.68% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | -18.16% | -35.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.54% | — |
Current DrawdownCurrent decline from peak | -49.87% | -1.84% | -48.03% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -1.89% | -10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.03% | 0.86% | +25.17% |
Volatility
CCIF vs. PCIFX - Volatility Comparison
Carlyle Credit Income Fund (CCIF) has a higher volatility of 5.60% compared to PACE Intermediate Fixed Income Investments (PCIFX) at 0.76%. This indicates that CCIF's price experiences larger fluctuations and is considered to be riskier than PCIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCIF | PCIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 0.76% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 26.36% | 2.70% | +23.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.64% | 3.67% | +25.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 5.80% | +14.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 4.71% | +20.68% |
Dividends
CCIF vs. PCIFX - Dividend Comparison
CCIF's dividend yield for the trailing twelve months is around 42.45%, more than PCIFX's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | 42.45% | 26.87% | 15.73% | 23.58% | 9.96% | 8.55% | 6.09% | 3.77% | 0.00% | 0.00% | 0.00% | 0.00% |
PCIFX PACE Intermediate Fixed Income Investments | 5.00% | 5.04% | 6.03% | 5.50% | 2.79% | 2.93% | 4.46% | 2.61% | 2.70% | 1.99% | 1.86% | 2.20% |
Frequently Asked Questions
CCIF and PCIFX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCIF has higher volatility (5.60%) compared to PCIFX (0.76%). In terms of maximum drawdown, CCIF dropped -53.23% vs PCIFX's -18.54%.
PCIFX currently has the higher Sharpe Ratio (0.87 vs -1.13), 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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