EBSIX vs. CGFIX

Last updated Jun 26, 2026

EBSIX (Campbell Systematic Macro Fund Class I Shares) and CGFIX (abrdn Global Absolute Return Strategies Fund) are both Macro Trading funds. Over the past 5 years, EBSIX returned 8.78%/yr vs 0.35%/yr for CGFIX. At a correlation of -0.03, they often move in opposite directions. EBSIX charges 1.75%/yr vs 0.78%/yr for CGFIX.

Performance

EBSIX vs. CGFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Campbell Systematic Macro Fund Class I Shares (EBSIX) and abrdn Global Absolute Return Strategies Fund (CGFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBSIX achieves a 8.23% return, which is significantly higher than CGFIX's 2.10% return.

EBSIX

• 1D: -0.10%
• 1M: -0.69%
• YTD: 8.23%
• 6M: 8.57%
• 1Y: 7.00%
• 3Y*: 4.38%
• 5Y*: 8.78%
• 10Y*: —

CGFIX

• 1D: 0.35%
• 1M: 1.30%
• YTD: 2.10%
• 6M: 2.05%
• 1Y: 5.90%
• 3Y*: 5.60%
• 5Y*: 0.35%
• 10Y*: 1.91%

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

EBSIX vs. CGFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EBSIX Campbell Systematic Macro Fund Class I Shares	8.23%	-1.14%	11.63%	-1.83%	30.91%	9.05%	4.94%
CGFIX abrdn Global Absolute Return Strategies Fund	2.10%	5.79%	4.85%	-2.54%	-9.99%	1.39%	3.31%

Correlation

The correlation between EBSIX and CGFIX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.17
Correlation (5Y) Calculated over the trailing 5-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020	-0.03

The correlation between EBSIX and CGFIX shifts across timeframes, from -0.17 (3 years) to -0.01 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EBSIX vs. CGFIX — Risk / Return Rank

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

EBSIX

EBSIX Risk / Return Rank: 16
EBSIX Sharpe Ratio Rank: 16
EBSIX Sortino Ratio Rank: 17
EBSIX Omega Ratio Rank: 15
EBSIX Calmar Ratio Rank: 18
EBSIX Martin Ratio Rank: 13

CGFIX

CGFIX Risk / Return Rank: 56
CGFIX Sharpe Ratio Rank: 64
CGFIX Sortino Ratio Rank: 65
CGFIX Omega Ratio Rank: 67
CGFIX Calmar Ratio Rank: 42
CGFIX Martin Ratio Rank: 41

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.

EBSIX vs. CGFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Campbell Systematic Macro Fund Class I Shares (EBSIX) and abrdn Global Absolute Return Strategies Fund (CGFIX). 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.

	EBSIX	CGFIX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.92	-0.98
Sortino ratio: Return per unit of downside risk	1.40	2.74	-1.34
Omega ratio: Gain probability vs. loss probability	1.16	1.37	-0.21
Calmar ratio: Return relative to maximum drawdown	1.27	2.13	-0.86
Martin ratio: Return relative to average drawdown	2.95	7.54	-4.59

EBSIX vs. CGFIX - Sharpe Ratio Comparison

The current EBSIX Sharpe Ratio is 0.93, which is lower than the CGFIX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of EBSIX and CGFIX, 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

EBSIX vs. CGFIX - Drawdown Comparison

The maximum EBSIX drawdown since its inception was -10.96%, smaller than the maximum CGFIX drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for EBSIX and CGFIX.

Drawdown Indicators

	EBSIX	CGFIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.96%	-20.28%	+9.32%
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	-2.78%	-3.10%
Max Drawdown (3Y) Largest decline over 3 years	-10.26%	-5.57%	-4.69%
Max Drawdown (5Y) Largest decline over 5 years	-10.96%	-20.28%	+9.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.28%	—
Current Drawdown Current decline from peak	-2.22%	-0.94%	-1.28%
Average Drawdown Average peak-to-trough decline	-3.04%	-3.19%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	0.78%	+1.75%

Volatility

EBSIX vs. CGFIX - Volatility Comparison

Campbell Systematic Macro Fund Class I Shares (EBSIX) has a higher volatility of 2.00% compared to abrdn Global Absolute Return Strategies Fund (CGFIX) at 0.73%. This indicates that EBSIX's price experiences larger fluctuations and is considered to be riskier than CGFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBSIX	CGFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	0.73%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	5.93%	2.37%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	8.00%	3.11%	+4.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.52%	5.76%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.43%	4.71%	+4.72%

EBSIX vs. CGFIX - Expense Ratio Comparison

EBSIX has a 1.75% expense ratio, which is higher than CGFIX's 0.78% expense ratio.

Dividends

EBSIX vs. CGFIX - Dividend Comparison

EBSIX's dividend yield for the trailing twelve months is around 2.92%, less than CGFIX's 6.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGFIX abrdn Global Absolute Return Strategies Fund	6.10%	5.51%	6.43%	2.08%	0.00%	7.49%	0.23%	3.29%	6.05%	0.33%	1.12%	0.35%
EBSIX Campbell Systematic Macro Fund Class I Shares	2.92%	3.16%	2.90%	1.82%	15.10%	7.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EBSIX and CGFIX in my portfolio?

EBSIX and CGFIX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBSIX or CGFIX?

EBSIX has higher volatility (2.00%) compared to CGFIX (0.73%). In terms of maximum drawdown, EBSIX dropped -10.96% vs CGFIX's -20.28%.

Which has better risk-adjusted returns?

CGFIX currently has the higher Sharpe Ratio (1.92 vs 0.93), 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.