CRDBX vs. ^GSPC
CRDBX (Potomac Defensive Bull Fund) is Tactical Allocation fund managed by Potomac Fund Management Inc., while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, CRDBX returned 15.31%/yr vs 11.44%/yr for ^GSPC. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
CRDBX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, CRDBX achieves a 16.81% return, which is significantly higher than ^GSPC's 7.48% return.
CRDBX
- 1D
- -0.18%
- 1M
- 0.30%
- YTD
- 16.81%
- 6M
- 14.40%
- 1Y
- 37.68%
- 3Y*
- 19.21%
- 5Y*
- 15.31%
- 10Y*
- —
^GSPC
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
CRDBX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRDBX Potomac Defensive Bull Fund | 16.81% | 25.36% | 19.91% | 18.44% | -8.21% | 28.08% | 24.03% |
^GSPC S&P 500 Index | 7.48% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 21.15% |
Correlation
The correlation between CRDBX and ^GSPC is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.62 |
The correlation between CRDBX and ^GSPC shifts across timeframes, from 0.62 (5 years) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CRDBX vs. ^GSPC — Risk / Return Rank
CRDBX
^GSPC
CRDBX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Potomac Defensive Bull Fund (CRDBX) and S&P 500 Index (^GSPC). 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.
| CRDBX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.30 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | 2.29 | +3.02 |
| Martin ratioReturn relative to average drawdown | 16.95 | 10.09 | +6.86 |
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Drawdowns
CRDBX vs. ^GSPC - Drawdown Comparison
The maximum CRDBX drawdown since its inception was -28.12%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CRDBX and ^GSPC.
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Drawdown Indicators
| CRDBX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.12% | -56.78% | +28.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -9.10% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -17.77% | -18.90% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -28.12% | -25.43% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.39% | -3.32% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -10.71% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.06% | +0.17% |
Volatility
CRDBX vs. ^GSPC - Volatility Comparison
Potomac Defensive Bull Fund (CRDBX) has a higher volatility of 6.58% compared to S&P 500 Index (^GSPC) at 4.82%. This indicates that CRDBX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRDBX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 4.82% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 9.88% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.46% | 12.50% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.91% | 17.00% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 18.07% | +2.35% |
Frequently Asked Questions
CRDBX and ^GSPC have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRDBX has higher volatility (6.58%) compared to ^GSPC (4.82%). In terms of maximum drawdown, CRDBX dropped -28.12% vs ^GSPC's -56.78%.
CRDBX currently has the higher Sharpe Ratio (2.46 vs 1.67), 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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