CRDOX vs. HEFA
Compare and contrast key facts about Six Circles Credit Opportunities Fund (CRDOX) and iShares Currency Hedged MSCI EAFE ETF (HEFA).
CRDOX is managed by Six Circles. It was launched on Nov 22, 2020. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRDOX or HEFA.
Key characteristics
| CRDOX | HEFA | |
|---|---|---|
| YTD Return | 2.90% | 13.81% |
| 1Y Return | 11.02% | 20.63% |
| 3Y Return (Ann) | 0.98% | 12.30% |
| Sharpe Ratio | 2.89 | 2.21 |
| Daily Std Dev | 3.72% | 9.60% |
| Max Drawdown | -15.92% | -32.39% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CRDOX and HEFA is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CRDOX vs. HEFA - Performance Comparison
In the year-to-date period, CRDOX achieves a 2.90% return, which is significantly lower than HEFA's 13.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CRDOX vs. HEFA - Expense Ratio Comparison
CRDOX has a 0.29% expense ratio, which is lower than HEFA's 0.35% expense ratio.
Risk-Adjusted Performance
CRDOX vs. HEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Six Circles Credit Opportunities Fund (CRDOX) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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.
Dividends
CRDOX vs. HEFA - Dividend Comparison
CRDOX's dividend yield for the trailing twelve months is around 7.51%, more than HEFA's 2.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CRDOX Six Circles Credit Opportunities Fund | 7.51% | 8.22% | 5.82% | 3.20% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.65% | 3.02% | 25.14% | 3.06% | 2.10% | 5.37% | 4.59% | 2.55% | 3.17% | 3.54% | 3.39% |
Drawdowns
CRDOX vs. HEFA - Drawdown Comparison
The maximum CRDOX drawdown since its inception was -15.92%, smaller than the maximum HEFA drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for CRDOX and HEFA. For additional features, visit the drawdowns tool.
Volatility
CRDOX vs. HEFA - Volatility Comparison
The current volatility for Six Circles Credit Opportunities Fund (CRDOX) is 1.28%, while iShares Currency Hedged MSCI EAFE ETF (HEFA) has a volatility of 2.38%. This indicates that CRDOX experiences smaller price fluctuations and is considered to be less risky than HEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.