CCLFX vs. BBAI
CCLFX (Cliffwater Corporate Lending Fund) is High Yield Bonds fund managed by Cliffwater, while BBAI (BigBear.ai Holdings, Inc.) is a stock. Over the past 3 years, CCLFX returned 10.50%/yr vs 20.46%/yr for BBAI. At a 0.10 correlation, their price movements are largely independent.
Performance
CCLFX vs. BBAI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CCLFX achieves a 2.43% return, which is significantly higher than BBAI's -25.56% return.
CCLFX
- 1D
- 0.10%
- 1M
- 0.38%
- YTD
- 2.43%
- 6M
- 2.94%
- 1Y
- 7.38%
- 3Y*
- 10.50%
- 5Y*
- 8.75%
- 10Y*
- —
BBAI
- 1D
- -2.90%
- 1M
- -4.51%
- YTD
- -25.56%
- 6M
- -36.99%
- 1Y
- 4.96%
- 3Y*
- 20.46%
- 5Y*
- —
- 10Y*
- —
CCLFX vs. BBAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CCLFX Cliffwater Corporate Lending Fund | 2.43% | 8.93% | 12.62% | 12.66% | 2.32% | 0.34% |
BBAI BigBear.ai Holdings, Inc. | -25.56% | 21.35% | 107.94% | 217.65% | -88.10% | -27.90% |
Correlation
The correlation between CCLFX and BBAI is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.10 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CCLFX vs. BBAI — Risk / Return Rank
CCLFX
BBAI
CCLFX vs. BBAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cliffwater Corporate Lending Fund (CCLFX) and BigBear.ai Holdings, Inc. (BBAI). 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.
| CCLFX | BBAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.55 | ||
| Sortino ratioReturn per unit of downside risk | +19.97 | ||
| Omega ratioGain probability vs. loss probability | 7.79 | 1.09 | +6.70 |
| Calmar ratioReturn relative to maximum drawdown | 39.24 | 0.08 | +39.16 |
| Martin ratioReturn relative to average drawdown | 218.88 | 0.13 | +218.76 |
Loading charts...
Drawdowns
CCLFX vs. BBAI - Drawdown Comparison
The maximum CCLFX drawdown since its inception was -3.91%, smaller than the maximum BBAI drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for CCLFX and BBAI.
Loading charts...
Drawdown Indicators
| CCLFX | BBAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.91% | -95.01% | +91.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.19% | -65.88% | +65.69% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -75.56% | +75.10% |
Max Drawdown (5Y)Largest decline over 5 years | -2.25% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -68.32% | +68.32% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -70.80% | +70.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 39.29% | -39.26% |
Volatility
CCLFX vs. BBAI - Volatility Comparison
The current volatility for Cliffwater Corporate Lending Fund (CCLFX) is 0.23%, while BigBear.ai Holdings, Inc. (BBAI) has a volatility of 25.86%. This indicates that CCLFX experiences smaller price fluctuations and is considered to be less risky than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CCLFX | BBAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 25.86% | -25.63% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 56.70% | -56.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.87% | 97.19% | -96.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.73% | 174.65% | -172.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.87% | 174.65% | -172.78% |
Dividends
CCLFX vs. BBAI - Dividend Comparison
CCLFX's dividend yield for the trailing twelve months is around 10.27%, while BBAI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CCLFX Cliffwater Corporate Lending Fund | 10.27% | 10.47% | 11.27% | 10.96% | 3.96% | 7.03% | 6.90% | 0.61% |
Frequently Asked Questions
CCLFX and BBAI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBAI has higher volatility (25.86%) compared to CCLFX (0.23%). In terms of maximum drawdown, CCLFX dropped -3.91% vs BBAI's -95.01%.
CCLFX currently has the higher Sharpe Ratio (8.60 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.
Find the right allocation for CCLFX and BBAI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer