CROVX vs. FUMBX

Last updated Jun 23, 2026

CROVX (Catholic Responsible Investments Opportunistic Bond Fund) and FUMBX (Fidelity Short-Term Treasury Bond Index Fund) are both Short-Term Bond funds. Over the past 3 years, CROVX returned 5.25%/yr vs 4.07%/yr for FUMBX. Their correlation of 0.83 suggests significant overlap in exposure. CROVX charges 0.56%/yr vs 0.03%/yr for FUMBX.

Performance

CROVX vs. FUMBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catholic Responsible Investments Opportunistic Bond Fund (CROVX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CROVX achieves a 1.21% return, which is significantly higher than FUMBX's -0.01% return.

CROVX

• 1D: 0.00%
• 1M: 0.47%
• YTD: 1.21%
• 6M: 1.31%
• 1Y: 4.38%
• 3Y*: 5.25%
• 5Y*: —
• 10Y*: —

FUMBX

• 1D: 0.10%
• 1M: 0.26%
• YTD: -0.01%
• 6M: 0.34%
• 1Y: 2.99%
• 3Y*: 4.07%
• 5Y*: 1.33%
• 10Y*: —

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

CROVX vs. FUMBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CROVX Catholic Responsible Investments Opportunistic Bond Fund	1.21%	5.81%	5.18%	5.56%	-5.29%
FUMBX Fidelity Short-Term Treasury Bond Index Fund	-0.01%	5.83%	3.25%	4.47%	-4.85%

Correlation

The correlation between CROVX and FUMBX is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.83

The correlation between CROVX and FUMBX shifts across timeframes, from 0.70 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CROVX vs. FUMBX — Risk / Return Rank

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

CROVX

CROVX Risk / Return Rank: 94
CROVX Sharpe Ratio Rank: 92
CROVX Sortino Ratio Rank: 95
CROVX Omega Ratio Rank: 93
CROVX Calmar Ratio Rank: 94
CROVX Martin Ratio Rank: 95

FUMBX

FUMBX Risk / Return Rank: 33
FUMBX Sharpe Ratio Rank: 31
FUMBX Sortino Ratio Rank: 37
FUMBX Omega Ratio Rank: 37
FUMBX Calmar Ratio Rank: 32
FUMBX Martin Ratio Rank: 27

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.

CROVX vs. FUMBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catholic Responsible Investments Opportunistic Bond Fund (CROVX) and Fidelity Short-Term Treasury Bond Index Fund (FUMBX). 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.

	CROVX	FUMBX	Difference
Sharpe ratio: Return per unit of total volatility	2.86	1.49	+1.37
Sortino ratio: Return per unit of downside risk	4.69	2.35	+2.34
Omega ratio: Gain probability vs. loss probability	1.67	1.30	+0.37
Calmar ratio: Return relative to maximum drawdown	5.19	2.02	+3.17
Martin ratio: Return relative to average drawdown	20.92	5.99	+14.93

CROVX vs. FUMBX - Sharpe Ratio Comparison

The current CROVX Sharpe Ratio is 2.86, which is higher than the FUMBX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of CROVX and FUMBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CROVX vs. FUMBX - Drawdown Comparison

The maximum CROVX drawdown since its inception was -7.31%, smaller than the maximum FUMBX drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for CROVX and FUMBX.

Drawdown Indicators

	CROVX	FUMBX	Difference
Max Drawdown Largest peak-to-trough decline	-7.31%	-8.83%	+1.52%
Max Drawdown (1Y) Largest decline over 1 year	-0.85%	-1.54%	+0.69%
Max Drawdown (3Y) Largest decline over 3 years	-2.06%	-1.57%	-0.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-8.60%	—
Current Drawdown Current decline from peak	-0.11%	-0.96%	+0.85%
Average Drawdown Average peak-to-trough decline	-1.71%	-1.85%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	0.52%	-0.31%

Volatility

CROVX vs. FUMBX - Volatility Comparison

The current volatility for Catholic Responsible Investments Opportunistic Bond Fund (CROVX) is 0.41%, while Fidelity Short-Term Treasury Bond Index Fund (FUMBX) has a volatility of 0.72%. This indicates that CROVX experiences smaller price fluctuations and is considered to be less risky than FUMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CROVX	FUMBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.41%	0.72%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	1.02%	1.56%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	1.55%	2.08%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.03%	2.92%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.03%	2.49%	+0.54%

CROVX vs. FUMBX - Expense Ratio Comparison

CROVX has a 0.56% expense ratio, which is higher than FUMBX's 0.03% expense ratio.

Dividends

CROVX vs. FUMBX - Dividend Comparison

CROVX's dividend yield for the trailing twelve months is around 4.42%, more than FUMBX's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CROVX Catholic Responsible Investments Opportunistic Bond Fund	4.42%	4.57%	4.61%	4.39%	2.52%	0.00%	0.00%	0.00%	0.00%	0.00%
FUMBX Fidelity Short-Term Treasury Bond Index Fund	3.77%	3.51%	2.91%	1.64%	0.86%	1.15%	1.41%	1.88%	1.64%	0.34%

Frequently Asked Questions

Can I hold both CROVX and FUMBX in my portfolio?

CROVX and FUMBX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CROVX or FUMBX?

FUMBX has higher volatility (0.72%) compared to CROVX (0.41%). In terms of maximum drawdown, CROVX dropped -7.31% vs FUMBX's -8.83%.

Which has better risk-adjusted returns?

CROVX currently has the higher Sharpe Ratio (2.86 vs 1.49), 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.