CIK vs. PSHNX
CIK (Credit Suisse Asset Management Income Fund) and PSHNX (Penn Capital Short Duration High Income Fund) are both High Yield Bonds funds. Over the past 5 years, CIK returned 2.18%/yr vs 4.79%/yr for PSHNX. At a 0.35 correlation, their price movements are largely independent. CIK charges 1.50%/yr vs 1.01%/yr for PSHNX.
Performance
CIK vs. PSHNX - Performance Comparison
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Returns By Period
In the year-to-date period, CIK achieves a -9.23% return, which is significantly lower than PSHNX's 1.84% return.
CIK
- 1D
- 0.00%
- 1M
- -2.19%
- YTD
- -9.23%
- 6M
- -8.91%
- 1Y
- -7.21%
- 3Y*
- 2.80%
- 5Y*
- 2.18%
- 10Y*
- 7.36%
PSHNX
- 1D
- 0.00%
- 1M
- 0.68%
- YTD
- 1.84%
- 6M
- 2.05%
- 1Y
- 5.78%
- 3Y*
- 7.32%
- 5Y*
- 4.79%
- 10Y*
- —
CIK vs. PSHNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIK Credit Suisse Asset Management Income Fund | -9.23% | 7.53% | 1.01% | 36.79% | -19.19% | 17.88% | 7.39% | 26.82% | -8.94% | -0.27% |
PSHNX Penn Capital Short Duration High Income Fund | 1.84% | 7.72% | 7.19% | 8.72% | -2.26% | 3.43% | 0.88% | 7.40% | 0.61% | 0.65% |
Correlation
The correlation between CIK and PSHNX 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 (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017 | 0.35 |
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Return for Risk
CIK vs. PSHNX — Risk / Return Rank
CIK
PSHNX
CIK vs. PSHNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Asset Management Income Fund (CIK) and Penn Capital Short Duration High Income Fund (PSHNX). 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.
| CIK | PSHNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -5.99 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.75 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 5.17 | -5.64 |
| Martin ratioReturn relative to average drawdown | -0.99 | 26.23 | -27.22 |
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Drawdowns
CIK vs. PSHNX - Drawdown Comparison
The maximum CIK drawdown since its inception was -54.81%, which is greater than PSHNX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for CIK and PSHNX.
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Drawdown Indicators
| CIK | PSHNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -14.53% | -40.28% |
Max Drawdown (1Y)Largest decline over 1 year | -15.49% | -1.14% | -14.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -2.83% | -12.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.22% | -6.02% | -20.20% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | — | — |
Current DrawdownCurrent decline from peak | -13.46% | 0.00% | -13.46% |
Average DrawdownAverage peak-to-trough decline | -13.32% | -0.88% | -12.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.29% | 0.23% | +7.06% |
Volatility
CIK vs. PSHNX - Volatility Comparison
Credit Suisse Asset Management Income Fund (CIK) has a higher volatility of 3.26% compared to Penn Capital Short Duration High Income Fund (PSHNX) at 0.43%. This indicates that CIK's price experiences larger fluctuations and is considered to be riskier than PSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIK | PSHNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 0.43% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 1.47% | +7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 1.89% | +9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 2.65% | +13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 3.15% | +14.13% |
CIK vs. PSHNX - Expense Ratio Comparison
CIK has a 1.50% expense ratio, which is higher than PSHNX's 1.01% expense ratio.
Dividends
CIK vs. PSHNX - Dividend Comparison
CIK's dividend yield for the trailing twelve months is around 10.61%, more than PSHNX's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIK Credit Suisse Asset Management Income Fund | 10.61% | 9.54% | 9.34% | 8.63% | 10.71% | 7.87% | 8.57% | 8.39% | 9.64% | 7.98% | 8.35% | 9.50% |
PSHNX Penn Capital Short Duration High Income Fund | 6.06% | 6.27% | 6.43% | 4.95% | 3.47% | 3.17% | 3.95% | 3.65% | 3.13% | 1.46% | 0.00% | 0.00% |
Frequently Asked Questions
CIK and PSHNX 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.
CIK has higher volatility (3.26%) compared to PSHNX (0.43%). In terms of maximum drawdown, CIK dropped -54.81% vs PSHNX's -14.53%.
PSHNX currently has the higher Sharpe Ratio (3.15 vs -0.64), 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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