CDOFX vs. CMALX

Last updated Jun 3, 2026

CDOFX (Crawford Small Cap Dividend Fund) and CMALX (Crawford Multi-Asset Income Fund) are both mutual funds - CDOFX is a Small Cap Blend Equities fund managed by Crawford, while CMALX is a Diversified Portfolio fund managed by Crawford. Over the past 5 years, CDOFX returned 4.23%/yr vs 5.72%/yr for CMALX. A 0.76 correlation means they provide meaningful diversification when combined. CDOFX charges 0.99%/yr vs 1.00%/yr for CMALX.

Performance

CDOFX vs. CMALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Crawford Small Cap Dividend Fund (CDOFX) and Crawford Multi-Asset Income Fund (CMALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDOFX achieves a 9.96% return, which is significantly higher than CMALX's 5.12% return.

CDOFX

• 1D: -0.66%
• 1M: -1.62%
• YTD: 9.96%
• 6M: 9.92%
• 1Y: 17.36%
• 3Y*: 10.17%
• 5Y*: 4.23%
• 10Y*: 8.68%

CMALX

• 1D: -0.56%
• 1M: -0.53%
• YTD: 5.12%
• 6M: 5.73%
• 1Y: 8.35%
• 3Y*: 9.87%
• 5Y*: 5.72%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDOFX vs. CMALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDOFX Crawford Small Cap Dividend Fund	9.96%	0.44%	10.43%	14.63%	-14.07%	22.03%	3.51%	22.04%	-7.60%	9.14%
CMALX Crawford Multi-Asset Income Fund	5.12%	5.26%	11.36%	6.42%	-0.99%	15.89%	-7.01%	20.24%	-4.85%	0.14%

Correlation

The correlation between CDOFX and CMALX is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017	0.76

The correlation between CDOFX and CMALX shifts across timeframes, from 0.60 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CDOFX vs. CMALX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDOFX

CDOFX Risk / Return Rank: 15
CDOFX Sharpe Ratio Rank: 13
CDOFX Sortino Ratio Rank: 14
CDOFX Omega Ratio Rank: 13
CDOFX Calmar Ratio Rank: 17
CDOFX Martin Ratio Rank: 17

CMALX

CMALX Risk / Return Rank: 26
CMALX Sharpe Ratio Rank: 27
CMALX Sortino Ratio Rank: 26
CMALX Omega Ratio Rank: 25
CMALX Calmar Ratio Rank: 25
CMALX Martin Ratio Rank: 24

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.

CDOFX vs. CMALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Crawford Small Cap Dividend Fund (CDOFX) and Crawford Multi-Asset Income Fund (CMALX). 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.

	CDOFX	CMALX	Difference
Sharpe ratio Return per unit of total volatility	1.01	1.50	-0.50
Sortino ratio Return per unit of downside risk	1.57	2.15	-0.59
Omega ratio Gain probability vs. loss probability	1.18	1.26	-0.08
Calmar ratio Return relative to maximum drawdown	1.51	1.89	-0.38
Martin ratio Return relative to average drawdown	4.74	6.07	-1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDOFX vs. CMALX - Sharpe Ratio Comparison

The current CDOFX Sharpe Ratio is 1.01, which is lower than the CMALX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CDOFX and CMALX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CDOFX	CMALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.50	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.64	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.44	+0.07

Drawdowns

CDOFX vs. CMALX - Drawdown Comparison

The maximum CDOFX drawdown since its inception was -39.92%, roughly equal to the maximum CMALX drawdown of -39.04%. Use the drawdown chart below to compare losses from any high point for CDOFX and CMALX.

Drawdown Indicators

	CDOFX	CMALX	Difference
Max Drawdown Largest peak-to-trough decline	-39.92%	-39.04%	-0.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.95%	-4.49%	-6.46%
Max Drawdown (3Y) Largest decline over 3 years	-24.11%	-7.66%	-16.45%
Max Drawdown (5Y) Largest decline over 5 years	-24.11%	-12.68%	-11.43%
Max Drawdown (10Y) Largest decline over 10 years	-39.92%	—	—
Current Drawdown Current decline from peak	-3.45%	-1.91%	-1.54%
Average Drawdown Average peak-to-trough decline	-6.13%	-3.76%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	1.39%	+2.09%

Volatility

CDOFX vs. CMALX - Volatility Comparison

Crawford Small Cap Dividend Fund (CDOFX) has a higher volatility of 4.37% compared to Crawford Multi-Asset Income Fund (CMALX) at 1.67%. This indicates that CDOFX's price experiences larger fluctuations and is considered to be riskier than CMALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDOFX	CMALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	1.67%	+2.70%
Volatility (6M) Calculated over the trailing 6-month period	11.29%	4.15%	+7.14%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	5.75%	+11.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	8.99%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.60%	12.65%	+7.95%

CDOFX vs. CMALX - Expense Ratio Comparison

CDOFX has a 0.99% expense ratio, which is lower than CMALX's 1.00% expense ratio.

Dividends

CDOFX vs. CMALX - Dividend Comparison

CDOFX's dividend yield for the trailing twelve months is around 3.22%, less than CMALX's 7.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDOFX Crawford Small Cap Dividend Fund	3.22%	3.54%	4.09%	1.14%	4.17%	7.23%	1.99%	5.68%	7.70%	5.58%	1.31%	7.46%
CMALX Crawford Multi-Asset Income Fund	7.42%	7.61%	3.94%	4.66%	4.93%	3.21%	3.67%	5.07%	4.87%	0.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CDOFX and CMALX in my portfolio?

CDOFX and CMALX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDOFX or CMALX?

CDOFX has higher volatility (4.37%) compared to CMALX (1.67%). In terms of maximum drawdown, CDOFX dropped -39.92% vs CMALX's -39.04%.

Which has better risk-adjusted returns?

CMALX currently has the higher Sharpe Ratio (1.50 vs 1.01), 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.