CRMVX vs. CADUX

Last updated Apr 2, 2026

Compare and contrast key facts about Conquer Risk Managed Volatility Fund (CRMVX) and CION Ares Diversified Credit Fund Class I (CADUX).

CRMVX is managed by Potomac Fund Management Inc.. It was launched on Jun 30, 2020. CADUX is an actively managed fund by CION. It was launched on Jan 26, 2017.

Performance

CRMVX vs. CADUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Conquer Risk Managed Volatility Fund (CRMVX) and CION Ares Diversified Credit Fund Class I (CADUX). The values are adjusted to include any dividend payments, if applicable.

CRMVX vs. CADUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CRMVX Conquer Risk Managed Volatility Fund	0.81%	4.91%	1.22%	0.25%	4.76%	0.61%	3.98%
CADUX CION Ares Diversified Credit Fund Class I	-1.91%	7.50%	9.70%	11.32%	-2.85%	8.22%	11.04%

Returns By Period

In the year-to-date period, CRMVX achieves a 0.81% return, which is significantly higher than CADUX's -1.91% return.

CRMVX

• 1D: -0.30%
• 1M: 0.40%
• YTD: 0.81%
• 6M: 1.01%
• 1Y: 6.50%
• 3Y*: 3.99%
• 5Y*: 2.59%
• 10Y*: —

CADUX

• 1D: 0.58%
• 1M: -0.04%
• YTD: -1.91%
• 6M: -1.09%
• 1Y: 4.68%
• 3Y*: 8.02%
• 5Y*: 5.89%
• 10Y*: —

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

CRMVX vs. CADUX - Expense Ratio Comparison

CRMVX

Conquer Risk Managed Volatility Fund

Return for Risk

CRMVX vs. CADUX — Risk / Return Rank

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

CRMVX

CRMVX Risk / Return Rank: 79
CRMVX Sharpe Ratio Rank: 80
CRMVX Sortino Ratio Rank: 80
CRMVX Omega Ratio Rank: 80
CRMVX Calmar Ratio Rank: 85
CRMVX Martin Ratio Rank: 71

CADUX

CADUX Risk / Return Rank: 80
CADUX Sharpe Ratio Rank: 79
CADUX Sortino Ratio Rank: 97
CADUX Omega Ratio Rank: 95
CADUX Calmar Ratio Rank: 75
CADUX Martin Ratio Rank: 54

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.

CRMVX vs. CADUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Conquer Risk Managed Volatility Fund (CRMVX) and CION Ares Diversified Credit Fund Class I (CADUX). 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.

	CRMVX	CADUX	Difference
Sharpe ratio Return per unit of total volatility	1.59	1.56	+0.03
Sortino ratio Return per unit of downside risk	2.17	3.98	-1.81
Omega ratio Gain probability vs. loss probability	1.33	1.54	-0.21
Calmar ratio Return relative to maximum drawdown	2.39	2.03	+0.36
Martin ratio Return relative to average drawdown	7.77	6.37	+1.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRMVX vs. CADUX - Sharpe Ratio Comparison

The current CRMVX Sharpe Ratio is 1.59, which is comparable to the CADUX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of CRMVX and CADUX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CRMVX	CADUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.56	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	2.24	-2.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	1.34	-1.34

Correlation

The correlation between CRMVX and CADUX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRMVX vs. CADUX - Dividend Comparison

CRMVX's dividend yield for the trailing twelve months is around 5.71%, less than CADUX's 8.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
CRMVX Conquer Risk Managed Volatility Fund	5.71%	5.75%	3.75%	2.74%	0.57%	2.59%	0.95%	0.00%
CADUX CION Ares Diversified Credit Fund Class I	8.02%	8.48%	8.42%	6.84%	4.08%	4.46%	5.56%	2.71%

Drawdowns

CRMVX vs. CADUX - Drawdown Comparison

The maximum CRMVX drawdown since its inception was -97.39%, which is greater than CADUX's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for CRMVX and CADUX.

Drawdown Indicators

	CRMVX	CADUX	Difference
Max Drawdown Largest peak-to-trough decline	-97.39%	-18.59%	-78.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-2.47%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	-97.39%	-5.39%	-92.00%
Current Drawdown Current decline from peak	-97.14%	-1.91%	-95.23%
Average Drawdown Average peak-to-trough decline	-22.05%	-1.52%	-20.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	0.79%	+0.07%

Volatility

CRMVX vs. CADUX - Volatility Comparison

Conquer Risk Managed Volatility Fund (CRMVX) has a higher volatility of 1.80% compared to CION Ares Diversified Credit Fund Class I (CADUX) at 0.70%. This indicates that CRMVX's price experiences larger fluctuations and is considered to be riskier than CADUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRMVX	CADUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	0.70%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	2.99%	2.01%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	2.99%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,708.90%	2.65%	+1,706.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,593.93%	4.12%	+1,589.81%