CRNSX vs. CRQSX

Last updated Jun 3, 2026

CRNSX (Catholic Responsible Investments International Small-Cap Fund) and CRQSX (Catholic Responsible Investments Equity Index Fund) are both mutual funds - CRNSX is a Foreign Small & Mid Cap Equities fund managed by Catholic Responsible Investments Funds, while CRQSX is a Large Cap Blend Equities fund managed by Catholic Responsible Investments Funds. Over the past 3 years, CRNSX returned 17.46%/yr vs 22.42%/yr for CRQSX. A 0.67 correlation means they provide meaningful diversification when combined. CRNSX charges 1.15%/yr vs 0.09%/yr for CRQSX.

Performance

CRNSX vs. CRQSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catholic Responsible Investments International Small-Cap Fund (CRNSX) and Catholic Responsible Investments Equity Index Fund (CRQSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRNSX achieves a 9.96% return, which is significantly lower than CRQSX's 11.91% return.

CRNSX

• 1D: -0.49%
• 1M: 2.35%
• YTD: 9.96%
• 6M: 12.95%
• 1Y: 21.93%
• 3Y*: 17.46%
• 5Y*: —
• 10Y*: —

CRQSX

• 1D: 0.19%
• 1M: 5.27%
• YTD: 11.91%
• 6M: 11.74%
• 1Y: 27.55%
• 3Y*: 22.42%
• 5Y*: —
• 10Y*: —

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

CRNSX vs. CRQSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CRNSX Catholic Responsible Investments International Small-Cap Fund	9.96%	27.12%	7.72%	12.24%	-12.42%
CRQSX Catholic Responsible Investments Equity Index Fund	11.91%	16.83%	24.70%	27.55%	-11.69%

Correlation

The correlation between CRNSX and CRQSX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.67

The correlation between CRNSX and CRQSX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Return for Risk

CRNSX vs. CRQSX — Risk / Return Rank

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

CRNSX

CRNSX Risk / Return Rank: 36
CRNSX Sharpe Ratio Rank: 38
CRNSX Sortino Ratio Rank: 38
CRNSX Omega Ratio Rank: 39
CRNSX Calmar Ratio Rank: 29
CRNSX Martin Ratio Rank: 33

CRQSX

CRQSX Risk / Return Rank: 67
CRQSX Sharpe Ratio Rank: 66
CRQSX Sortino Ratio Rank: 60
CRQSX Omega Ratio Rank: 60
CRQSX Calmar Ratio Rank: 71
CRQSX Martin Ratio Rank: 80

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.

CRNSX vs. CRQSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catholic Responsible Investments International Small-Cap Fund (CRNSX) and Catholic Responsible Investments Equity Index Fund (CRQSX). 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.

	CRNSX	CRQSX	Difference
Sharpe ratio Return per unit of total volatility	1.79	2.39	-0.60
Sortino ratio Return per unit of downside risk	2.60	3.25	-0.66
Omega ratio Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio Return relative to maximum drawdown	2.05	3.27	-1.22
Martin ratio Return relative to average drawdown	7.58	15.04	-7.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRNSX vs. CRQSX - Sharpe Ratio Comparison

The current CRNSX Sharpe Ratio is 1.79, which is comparable to the CRQSX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of CRNSX and CRQSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRNSX	CRQSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.39	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.85	-0.22

Drawdowns

CRNSX vs. CRQSX - Drawdown Comparison

The maximum CRNSX drawdown since its inception was -28.68%, which is greater than CRQSX's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for CRNSX and CRQSX.

Drawdown Indicators

	CRNSX	CRQSX	Difference
Max Drawdown Largest peak-to-trough decline	-28.68%	-22.96%	-5.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-8.71%	-2.74%
Max Drawdown (3Y) Largest decline over 3 years	-12.91%	-18.95%	+6.04%
Current Drawdown Current decline from peak	-0.55%	0.00%	-0.55%
Average Drawdown Average peak-to-trough decline	-7.21%	-5.27%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	1.89%	+1.21%

Volatility

CRNSX vs. CRQSX - Volatility Comparison

Catholic Responsible Investments International Small-Cap Fund (CRNSX) has a higher volatility of 3.75% compared to Catholic Responsible Investments Equity Index Fund (CRQSX) at 2.88%. This indicates that CRNSX's price experiences larger fluctuations and is considered to be riskier than CRQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRNSX	CRQSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	2.88%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	9.03%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	11.92%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	17.85%	-2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	17.85%	-2.65%

CRNSX vs. CRQSX - Expense Ratio Comparison

CRNSX has a 1.15% expense ratio, which is higher than CRQSX's 0.09% expense ratio.

Dividends

CRNSX vs. CRQSX - Dividend Comparison

CRNSX's dividend yield for the trailing twelve months is around 9.64%, more than CRQSX's 3.30% yield.

Position	TTM	2025	2024	2023	2022
CRNSX Catholic Responsible Investments International Small-Cap Fund	9.64%	10.39%	2.63%	2.37%	1.94%
CRQSX Catholic Responsible Investments Equity Index Fund	3.30%	3.66%	2.09%	1.34%	1.56%

Frequently Asked Questions

Can I hold both CRNSX and CRQSX in my portfolio?

CRNSX and CRQSX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRNSX or CRQSX?

CRNSX has higher volatility (3.75%) compared to CRQSX (2.88%). In terms of maximum drawdown, CRNSX dropped -28.68% vs CRQSX's -22.96%.

Which has better risk-adjusted returns?

CRQSX currently has the higher Sharpe Ratio (2.39 vs 1.79), 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.