CRDOX vs. CUTAX
CRDOX (Six Circles Credit Opportunities Fund) and CUTAX (Six Circles Tax Aware Ultra Short Duration Fund) are both mutual funds - CRDOX is a High Yield Bonds fund managed by Six Circles, while CUTAX is a Ultrashort Bond fund managed by Six Circles. Over the past 5 years, CRDOX returned 3.02%/yr vs 2.16%/yr for CUTAX. Their 0.22 correlation means their historical movements had little consistent relationship. CRDOX charges 0.29%/yr vs 0.15%/yr for CUTAX.
Performance
CRDOX vs. CUTAX - Performance Comparison
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Returns By Period
In the year-to-date period, CRDOX achieves a 1.94% return, which is significantly higher than CUTAX's 0.50% return.
CRDOX
- 1D
- 0.00%
- 1M
- -0.61%
- 6M
- 1.19%
- YTD
- 1.94%
- 1Y
- 5.75%
- 3Y*
- 7.57%
- 5Y*
- 3.02%
- 10Y*
- —
- ALL TIME*
- 3.27%
CUTAX
- 1D
- -0.10%
- 1M
- -1.43%
- 6M
- 0.16%
- YTD
- 0.50%
- 1Y
- 1.82%
- 3Y*
- 3.34%
- 5Y*
- 2.16%
- 10Y*
- —
- ALL TIME*
- 1.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CRDOX vs. CUTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CRDOX Six Circles Credit Opportunities Fund | 1.94% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 0.50% | 3.69% | 3.74% | 3.86% | -0.79% | 0.02% | 0.15% |
Correlation
The correlation between CRDOX and CUTAX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.22 |
The correlation between CRDOX and CUTAX shifts across timeframes, from 0.22 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CRDOX vs. CUTAX — Risk / Return Rank
CRDOX
CUTAX
CRDOX vs. CUTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Six Circles Credit Opportunities Fund (CRDOX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX). 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.
| CRDOX | CUTAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.21 | +0.89 |
| Martin ratioReturn relative to average drawdown | 9.02 | 7.00 | +2.01 |
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Drawdowns
CRDOX vs. CUTAX - Drawdown Comparison
The maximum CRDOX drawdown since its inception was -15.92%, which is greater than CUTAX's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for CRDOX and CUTAX.
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Drawdown Indicators
| CRDOX | CUTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.92% | -1.79% | -14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -1.60% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -1.60% | -3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -15.92% | -1.73% | -14.19% |
Current DrawdownCurrent decline from peak | -0.83% | -1.43% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -0.22% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.28% | +0.35% |
Volatility
CRDOX vs. CUTAX - Volatility Comparison
The current volatility for Six Circles Credit Opportunities Fund (CRDOX) is 0.58%, while Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) has a volatility of 0.74%. This indicates that CRDOX experiences smaller price fluctuations and is considered to be less risky than CUTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRDOX | CUTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.74% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 1.16% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.88% | 1.29% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 1.13% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.98% | 0.99% | +2.99% |
CRDOX vs. CUTAX - Expense Ratio Comparison
CRDOX has a 0.29% expense ratio, which is higher than CUTAX's 0.15% expense ratio.
Dividends
CRDOX vs. CUTAX - Dividend Comparison
CRDOX's dividend yield for the trailing twelve months is around 6.57%, more than CUTAX's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CRDOX Six Circles Credit Opportunities Fund | 6.57% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 3.05% | 3.22% | 3.47% | 2.86% | 1.14% | 0.52% | 1.38% | 0.48% |
Frequently Asked Questions
CRDOX and CUTAX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CUTAX has higher volatility (0.74%) compared to CRDOX (0.58%). In terms of maximum drawdown, CRDOX dropped -15.92% vs CUTAX's -1.79%.
CRDOX currently has the higher Sharpe Ratio (1.97 vs 1.50), 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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