CPUIX vs. ASDIX

Last updated Jun 24, 2026

CPUIX (AAM/Insight Select Income Fund) and ASDIX (AAM/HIMCO Short Duration Fund) are both mutual funds - CPUIX is a Corporate Bonds fund managed by AAM, while ASDIX is a Ultrashort Bond fund managed by AAM. Over the past 10 years, CPUIX returned 2.72%/yr vs 2.75%/yr for ASDIX. A 0.54 correlation means they provide meaningful diversification when combined. CPUIX charges 0.57%/yr vs 0.56%/yr for ASDIX.

Performance

CPUIX vs. ASDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM/Insight Select Income Fund (CPUIX) and AAM/HIMCO Short Duration Fund (ASDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPUIX achieves a 0.43% return, which is significantly lower than ASDIX's 1.07% return. Both investments have delivered pretty close results over the past 10 years, with CPUIX having a 2.72% annualized return and ASDIX not far ahead at 2.75%.

CPUIX

• 1D: -0.33%
• 1M: 0.83%
• YTD: 0.43%
• 6M: 0.65%
• 1Y: 4.85%
• 3Y*: 4.90%
• 5Y*: 0.11%
• 10Y*: 2.72%

ASDIX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.07%
• 6M: 1.26%
• 1Y: 3.84%
• 3Y*: 4.55%
• 5Y*: 2.88%
• 10Y*: 2.75%

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

CPUIX vs. ASDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPUIX AAM/Insight Select Income Fund	0.43%	6.59%	2.61%	8.40%	-16.27%	-0.12%	10.20%	14.81%	-3.01%	6.86%
ASDIX AAM/HIMCO Short Duration Fund	1.07%	4.61%	4.82%	5.49%	-1.33%	0.39%	2.15%	5.15%	1.08%	2.70%

Correlation

The correlation between CPUIX and ASDIX 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	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.54

The correlation between CPUIX and ASDIX shifts across timeframes, from 0.54 (all time) to 0.71 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

CPUIX vs. ASDIX — Risk / Return Rank

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

CPUIX

CPUIX Risk / Return Rank: 23
CPUIX Sharpe Ratio Rank: 23
CPUIX Sortino Ratio Rank: 24
CPUIX Omega Ratio Rank: 22
CPUIX Calmar Ratio Rank: 22
CPUIX Martin Ratio Rank: 22

ASDIX

ASDIX Risk / Return Rank: 98
ASDIX Sharpe Ratio Rank: 98
ASDIX Sortino Ratio Rank: 98
ASDIX Omega Ratio Rank: 98
ASDIX Calmar Ratio Rank: 97
ASDIX Martin Ratio Rank: 98

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.

CPUIX vs. ASDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM/Insight Select Income Fund (CPUIX) and AAM/HIMCO Short Duration Fund (ASDIX). 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.

	CPUIX	ASDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	3.59	-2.32
Sortino ratio: Return per unit of downside risk	1.88	6.13	-4.26
Omega ratio: Gain probability vs. loss probability	1.22	2.00	-0.78
Calmar ratio: Return relative to maximum drawdown	1.62	6.89	-5.27
Martin ratio: Return relative to average drawdown	5.03	32.16	-27.12

CPUIX vs. ASDIX - Sharpe Ratio Comparison

The current CPUIX Sharpe Ratio is 1.27, which is lower than the ASDIX Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of CPUIX and ASDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CPUIX vs. ASDIX - Drawdown Comparison

The maximum CPUIX drawdown since its inception was -22.37%, which is greater than ASDIX's maximum drawdown of -7.62%. Use the drawdown chart below to compare losses from any high point for CPUIX and ASDIX.

Drawdown Indicators

	CPUIX	ASDIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-7.62%	-14.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-0.59%	-2.63%
Max Drawdown (3Y) Largest decline over 3 years	-6.03%	-0.89%	-5.14%
Max Drawdown (5Y) Largest decline over 5 years	-22.37%	-2.73%	-19.64%
Max Drawdown (10Y) Largest decline over 10 years	-22.37%	-7.62%	-14.75%
Current Drawdown Current decline from peak	-1.78%	-0.10%	-1.68%
Average Drawdown Average peak-to-trough decline	-4.45%	-0.29%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	0.13%	+0.90%

Volatility

CPUIX vs. ASDIX - Volatility Comparison

AAM/Insight Select Income Fund (CPUIX) has a higher volatility of 1.07% compared to AAM/HIMCO Short Duration Fund (ASDIX) at 0.38%. This indicates that CPUIX's price experiences larger fluctuations and is considered to be riskier than ASDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPUIX	ASDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	0.38%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	0.78%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	4.13%	1.14%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.99%	1.29%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.53%	1.42%	+4.11%

CPUIX vs. ASDIX - Expense Ratio Comparison

CPUIX has a 0.57% expense ratio, which is higher than ASDIX's 0.56% expense ratio.

Dividends

CPUIX vs. ASDIX - Dividend Comparison

CPUIX's dividend yield for the trailing twelve months is around 4.79%, more than ASDIX's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASDIX AAM/HIMCO Short Duration Fund	3.98%	3.11%	3.69%	3.48%	2.01%	0.99%	1.70%	2.80%	2.50%	2.06%	2.40%	2.05%
CPUIX AAM/Insight Select Income Fund	4.79%	3.53%	3.81%	3.61%	3.98%	3.15%	3.83%	3.19%	3.80%	3.12%	3.21%	3.29%

Frequently Asked Questions

Can I hold both CPUIX and ASDIX in my portfolio?

CPUIX and ASDIX 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, CPUIX or ASDIX?

CPUIX has higher volatility (1.07%) compared to ASDIX (0.38%). In terms of maximum drawdown, CPUIX dropped -22.37% vs ASDIX's -7.62%.

Which has better risk-adjusted returns?

ASDIX currently has the higher Sharpe Ratio (3.59 vs 1.27), 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.