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CDCDX vs. FUTBX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CDCDX vs. FUTBX

Last updated Jun 24, 2026

CDCDX (The Community Development Fund) and FUTBX (Fidelity SAI U.S. Treasury Bond Index Fund) are both Government Bonds funds. Over the past 5 years, CDCDX returned 0.57%/yr vs -0.59%/yr for FUTBX. Their correlation of 0.80 suggests significant overlap in exposure. CDCDX charges 1.00%/yr vs 0.03%/yr for FUTBX.

Performance

CDCDX vs. FUTBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Community Development Fund (CDCDX) and Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CDCDX achieves a 0.41% return, which is significantly higher than FUTBX's -0.16% return.

CDCDX

1D
-0.22%
1M
0.62%
YTD
0.41%
6M
0.57%
1Y
2.66%
3Y*
3.12%
5Y*
0.57%
10Y*
—

FUTBX

1D
-0.34%
1M
0.49%
YTD
-0.16%
6M
0.08%
1Y
2.96%
3Y*
2.87%
5Y*
-0.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CDCDX vs. FUTBX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CDCDX
The Community Development Fund		0.41%4.71%2.41%3.76%-6.68%-1.86%4.39%5.35%-0.30%1.54%
FUTBX
Fidelity SAI U.S. Treasury Bond Index Fund		-0.16%6.12%0.70%4.19%-13.00%-2.54%7.76%7.30%0.95%2.28%

Correlation

The correlation between CDCDX and FUTBX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.80

The correlation between CDCDX and FUTBX has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

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The Community Development Fund

Fidelity SAI U.S. Treasury Bond Index Fund

Often compared with CDCDX:
CDCDX vs. TQQQCDCDX vs. LTUSXCDCDX vs. MDSIXCDCDX vs. FNBGXCDCDX vs. DFFGXCDCDX vs. GUSTXCDCDX vs. FBLTX
Often compared with FUTBX:
FUTBX vs. FSRIXFUTBX vs. VPUFUTBX vs. FTBFXFUTBX vs. SGOVFUTBX vs. GOVTFUTBX vs. FBNDFUTBX vs. FSKAX

Return for Risk

CDCDX vs. FUTBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CDCDX
CDCDX Risk / Return Rank: 1818
Overall Rank
CDCDX Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
CDCDX Sortino Ratio Rank: 1717
Sortino Ratio Rank
CDCDX Omega Ratio Rank: 1818
Omega Ratio Rank
CDCDX Calmar Ratio Rank: 2020
Calmar Ratio Rank
CDCDX Martin Ratio Rank: 1616
Martin Ratio Rank
FUTBX
FUTBX Risk / Return Rank: 1111
Overall Rank
FUTBX Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
FUTBX Sortino Ratio Rank: 1111
Sortino Ratio Rank
FUTBX Omega Ratio Rank: 1010
Omega Ratio Rank
FUTBX Calmar Ratio Rank: 1212
Calmar Ratio Rank
FUTBX Martin Ratio Rank: 1010
Martin Ratio Rank
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.

CDCDX vs. FUTBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Community Development Fund (CDCDX) and Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX). 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.

CDCDXFUTBXDifference
Sharpe ratioReturn per unit of total volatility
1.08
0.84

+0.24

Sortino ratioReturn per unit of downside risk
1.60
1.25

+0.34

Omega ratioGain probability vs. loss probability

1.20

1.15

+0.06

Calmar ratioReturn relative to maximum drawdown

1.47

1.04

+0.42

Martin ratioReturn relative to average drawdown

3.90

2.83

+1.07

CDCDX vs. FUTBX - Sharpe Ratio Comparison

The current CDCDX Sharpe Ratio is 1.08, which is comparable to the FUTBX Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of CDCDX and FUTBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CDCDX vs. FUTBX - Drawdown Comparison

The maximum CDCDX drawdown since its inception was -10.67%, smaller than the maximum FUTBX drawdown of -19.69%. Use the drawdown chart below to compare losses from any high point for CDCDX and FUTBX.

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Drawdown Indicators

CDCDXFUTBXDifference

Max Drawdown

Largest peak-to-trough decline

-10.67%

-19.69%

+9.02%

Max Drawdown (1Y)

Largest decline over 1 year

-2.29%

-3.09%

+0.80%

Max Drawdown (3Y)

Largest decline over 3 years

-3.97%

-5.42%

+1.45%

Max Drawdown (5Y)

Largest decline over 5 years

-10.26%

-17.03%

+6.77%

Current Drawdown

Current decline from peak

-1.35%

-7.83%

+6.48%

Average Drawdown

Average peak-to-trough decline

-2.47%

-6.96%

+4.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.83%

1.13%

-0.30%

Volatility

CDCDX vs. FUTBX - Volatility Comparison

The current volatility for The Community Development Fund (CDCDX) is 0.93%, while Fidelity SAI U.S. Treasury Bond Index Fund (FUTBX) has a volatility of 1.07%. This indicates that CDCDX experiences smaller price fluctuations and is considered to be less risky than FUTBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CDCDXFUTBXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.93%

1.07%

-0.14%

Volatility (6M)

Calculated over the trailing 6-month period

2.15%

2.78%

-0.63%

Volatility (1Y)

Calculated over the trailing 1-year period

3.11%

3.82%

-0.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.60%

5.81%

-2.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.13%

5.15%

-2.02%

CDCDX vs. FUTBX - Expense Ratio Comparison

CDCDX has a 1.00% expense ratio, which is higher than FUTBX's 0.03% expense ratio.

Dividends

CDCDX vs. FUTBX - Dividend Comparison

CDCDX's dividend yield for the trailing twelve months is around 2.53%, less than FUTBX's 3.66% yield.

PositionTTM202520242023202220212020201920182017
CDCDX
The Community Development Fund		2.53%2.12%2.73%3.36%3.19%0.96%1.46%1.86%1.90%1.94%
FUTBX
Fidelity SAI U.S. Treasury Bond Index Fund		3.66%3.43%2.90%2.12%1.12%0.86%4.54%2.75%2.05%1.65%

Frequently Asked Questions

CDCDX and FUTBX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FUTBX has higher volatility (1.07%) compared to CDCDX (0.93%). In terms of maximum drawdown, CDCDX dropped -10.67% vs FUTBX's -19.69%.

CDCDX currently has the higher Sharpe Ratio (1.08 vs 0.84), 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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