CGIB vs. CRDOX
CGIB (Capital Group International Bond ETF (USD-Hedged)) and CRDOX (Six Circles Credit Opportunities Fund) are both funds - CGIB is a Global Bonds fund actively managed by Capital Group, while CRDOX is a High Yield Bonds fund managed by Six Circles. Over the past year, CGIB returned 3.21% vs 7.53% for CRDOX. At a 0.35 correlation, their price movements are largely independent. CGIB charges 0.45%/yr vs 0.29%/yr for CRDOX.
Performance
CGIB vs. CRDOX - Performance Comparison
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Returns By Period
In the year-to-date period, CGIB achieves a 1.53% return, which is significantly lower than CRDOX's 2.37% return.
CGIB
- 1D
- 0.51%
- 1M
- 1.61%
- YTD
- 1.53%
- 6M
- 1.47%
- 1Y
- 3.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRDOX
- 1D
- 0.00%
- 1M
- 1.05%
- YTD
- 2.37%
- 6M
- 2.49%
- 1Y
- 7.53%
- 3Y*
- 8.11%
- 5Y*
- 3.22%
- 10Y*
- —
CGIB vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGIB Capital Group International Bond ETF (USD-Hedged) | 1.53% | 4.72% | 2.44% |
CRDOX Six Circles Credit Opportunities Fund | 2.37% | 7.48% | 4.86% |
Correlation
The correlation between CGIB and CRDOX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024 | 0.35 |
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Return for Risk
CGIB vs. CRDOX — Risk / Return Rank
CGIB
CRDOX
CGIB vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group International Bond ETF (USD-Hedged) (CGIB) and Six Circles Credit Opportunities Fund (CRDOX). 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.
| CGIB | CRDOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.66 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.90 | -1.70 |
| Martin ratioReturn relative to average drawdown | 3.02 | 12.81 | -9.80 |
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Drawdowns
CGIB vs. CRDOX - Drawdown Comparison
The maximum CGIB drawdown since its inception was -2.68%, smaller than the maximum CRDOX drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for CGIB and CRDOX.
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Drawdown Indicators
| CGIB | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.68% | -15.92% | +13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -2.70% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.92% | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.11% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -3.49% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.61% | +0.46% |
Volatility
CGIB vs. CRDOX - Volatility Comparison
Capital Group International Bond ETF (USD-Hedged) (CGIB) has a higher volatility of 1.09% compared to Six Circles Credit Opportunities Fund (CRDOX) at 0.64%. This indicates that CGIB's price experiences larger fluctuations and is considered to be riskier than CRDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGIB | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.64% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 2.31% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 2.86% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 4.15% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 4.01% | -0.24% |
CGIB vs. CRDOX - Expense Ratio Comparison
CGIB has a 0.45% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Dividends
CGIB vs. CRDOX - Dividend Comparison
CGIB's dividend yield for the trailing twelve months is around 4.21%, less than CRDOX's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CGIB Capital Group International Bond ETF (USD-Hedged) | 4.21% | 4.26% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% |
CRDOX Six Circles Credit Opportunities Fund | 6.59% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% |
Frequently Asked Questions
CGIB and CRDOX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGIB has higher volatility (1.09%) compared to CRDOX (0.64%). In terms of maximum drawdown, CGIB dropped -2.68% vs CRDOX's -15.92%.
CRDOX currently has the higher Sharpe Ratio (2.74 vs 0.79), 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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