CHIAX vs. DDFLX

Last updated Jun 5, 2026

CHIAX (Credit Suisse Floating Rate High Income Fund) and DDFLX (Delaware Floating Rate Fund) are both Bank Loan funds. Over the past 10 years, CHIAX returned 4.34%/yr vs 5.41%/yr for DDFLX. At a 0.46 correlation, their price movements are largely independent. CHIAX charges 0.95%/yr vs 0.67%/yr for DDFLX.

Performance

CHIAX vs. DDFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credit Suisse Floating Rate High Income Fund (CHIAX) and Delaware Floating Rate Fund (DDFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHIAX achieves a 1.46% return, which is significantly lower than DDFLX's 1.89% return. Over the past 10 years, CHIAX has underperformed DDFLX with an annualized return of 4.34%, while DDFLX has yielded a comparatively higher 5.41% annualized return.

CHIAX

• 1D: 0.00%
• 1M: 0.74%
• YTD: 1.46%
• 6M: 1.76%
• 1Y: 4.34%
• 3Y*: 6.27%
• 5Y*: 4.32%
• 10Y*: 4.34%

DDFLX

• 1D: 0.00%
• 1M: 0.54%
• YTD: 1.89%
• 6M: 2.59%
• 1Y: 6.06%
• 3Y*: 8.22%
• 5Y*: 5.79%
• 10Y*: 5.41%

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

CHIAX vs. DDFLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHIAX Credit Suisse Floating Rate High Income Fund	1.46%	4.25%	6.85%	11.03%	-3.14%	5.03%	2.32%	6.67%	-0.22%	4.33%
DDFLX Delaware Floating Rate Fund	1.89%	6.01%	8.92%	10.75%	-0.62%	5.46%	3.17%	10.69%	1.26%	4.55%

Correlation

The correlation between CHIAX and DDFLX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 1, 2010	0.46

The correlation between CHIAX and DDFLX shifts across timeframes, from 0.46 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CHIAX vs. DDFLX — Risk / Return Rank

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

CHIAX

CHIAX Risk / Return Rank: 53
CHIAX Sharpe Ratio Rank: 39
CHIAX Sortino Ratio Rank: 78
CHIAX Omega Ratio Rank: 84
CHIAX Calmar Ratio Rank: 34
CHIAX Martin Ratio Rank: 29

DDFLX

DDFLX Risk / Return Rank: 94
DDFLX Sharpe Ratio Rank: 85
DDFLX Sortino Ratio Rank: 98
DDFLX Omega Ratio Rank: 98
DDFLX Calmar Ratio Rank: 94
DDFLX Martin Ratio Rank: 94

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.

CHIAX vs. DDFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Floating Rate High Income Fund (CHIAX) and Delaware Floating Rate Fund (DDFLX). 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.

	CHIAX	DDFLX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.77	-1.00
Sortino ratio: Return per unit of downside risk	3.72	6.81	-3.09
Omega ratio: Gain probability vs. loss probability	1.57	2.22	-0.65
Calmar ratio: Return relative to maximum drawdown	2.16	5.63	-3.47
Martin ratio: Return relative to average drawdown	6.69	20.66	-13.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHIAX vs. DDFLX - Sharpe Ratio Comparison

The current CHIAX Sharpe Ratio is 1.77, which is lower than the DDFLX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of CHIAX and DDFLX, 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

	CHIAX	DDFLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.77	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.58	2.16	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.22	1.55	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	1.37	-0.18

Drawdowns

CHIAX vs. DDFLX - Drawdown Comparison

The maximum CHIAX drawdown since its inception was -37.29%, which is greater than DDFLX's maximum drawdown of -18.09%. Use the drawdown chart below to compare losses from any high point for CHIAX and DDFLX.

Drawdown Indicators

	CHIAX	DDFLX	Difference
Max Drawdown Largest peak-to-trough decline	-37.29%	-18.09%	-19.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.02%	-1.11%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-2.41%	-2.05%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-5.99%	-5.18%	-0.81%
Max Drawdown (10Y) Largest decline over 10 years	-19.94%	-18.09%	-1.85%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.03%	-0.67%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	0.30%	+0.35%

Volatility

CHIAX vs. DDFLX - Volatility Comparison

Credit Suisse Floating Rate High Income Fund (CHIAX) and Delaware Floating Rate Fund (DDFLX) have volatilities of 0.63% and 0.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIAX	DDFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.63%	0.61%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.85%	1.60%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	2.46%	2.26%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.75%	2.70%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.58%	3.50%	+0.08%

CHIAX vs. DDFLX - Expense Ratio Comparison

CHIAX has a 0.95% expense ratio, which is higher than DDFLX's 0.67% expense ratio.

Dividends

CHIAX vs. DDFLX - Dividend Comparison

CHIAX's dividend yield for the trailing twelve months is around 6.57%, less than DDFLX's 6.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHIAX Credit Suisse Floating Rate High Income Fund	6.57%	7.44%	7.25%	7.19%	3.90%	3.38%	4.19%	4.94%	4.38%	3.79%	4.47%	4.26%
DDFLX Delaware Floating Rate Fund	6.79%	7.21%	8.62%	7.17%	5.04%	3.96%	4.89%	6.54%	5.73%	4.33%	2.09%	2.34%

Frequently Asked Questions

Can I hold both CHIAX and DDFLX in my portfolio?

CHIAX and DDFLX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHIAX or DDFLX?

CHIAX has higher volatility (0.63%) compared to DDFLX (0.61%). In terms of maximum drawdown, CHIAX dropped -37.29% vs DDFLX's -18.09%.

Which has better risk-adjusted returns?

DDFLX currently has the higher Sharpe Ratio (2.77 vs 1.77), 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.