FIJEX vs. FCFAX
FIJEX (Frost Total Return Bond Fund) and FCFAX (Frost Credit Fund) are both Short-Term Bond funds from Frost. Over the past 10 years, FIJEX returned 3.29%/yr vs 4.66%/yr for FCFAX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FIJEX charges 0.46%/yr vs 0.96%/yr for FCFAX.
Performance
FIJEX vs. FCFAX - Performance Comparison
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Returns By Period
In the year-to-date period, FIJEX achieves a 0.63% return, which is significantly lower than FCFAX's 1.05% return. Over the past 10 years, FIJEX has underperformed FCFAX with an annualized return of 3.29%, while FCFAX has yielded a comparatively higher 4.66% annualized return.
FIJEX
- 1D
- 0.06%
- 1M
- -0.67%
- 6M
- 0.18%
- YTD
- 0.63%
- 1Y
- 2.62%
- 3Y*
- 5.57%
- 5Y*
- 3.03%
- 10Y*
- 3.29%
- ALL TIME*
- 3.35%
FCFAX
- 1D
- 0.01%
- 1M
- -0.65%
- 6M
- 0.37%
- YTD
- 1.05%
- 1Y
- 2.87%
- 3Y*
- 6.45%
- 5Y*
- 3.50%
- 10Y*
- 4.66%
- ALL TIME*
- 4.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FCFAX Frost Credit Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FIJEX vs. FCFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIJEX Frost Total Return Bond Fund | 0.63% | 4.83% | 6.44% | 8.64% | -5.30% | 3.45% | 3.49% | 5.38% | 1.38% | 4.43% |
FCFAX Frost Credit Fund | 1.05% | 5.21% | 8.01% | 11.23% | -7.83% | 5.07% | 6.22% | 6.95% | 0.89% | 7.95% |
Correlation
The correlation between FIJEX and FCFAX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.67 |
Over the past year, FIJEX and FCFAX have become more correlated (0.88) than their long-term average of 0.67, meaning their price movements have been converging.
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Return for Risk
FIJEX vs. FCFAX — Risk / Return Rank
FIJEX
FCFAX
FIJEX vs. FCFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frost Total Return Bond Fund (FIJEX) and Frost Credit Fund (FCFAX). 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.
| FIJEX | FCFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.77 | -0.31 |
| Martin ratioReturn relative to average drawdown | 4.10 | 6.26 | -2.15 |
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Drawdowns
FIJEX vs. FCFAX - Drawdown Comparison
The maximum FIJEX drawdown since its inception was -16.82%, roughly equal to the maximum FCFAX drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for FIJEX and FCFAX.
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Drawdown Indicators
| FIJEX | FCFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -16.33% | -0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.25% | -1.82% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -2.82% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -7.52% | -10.49% | +2.97% |
Max Drawdown (10Y)Largest decline over 10 years | -11.60% | -16.33% | +4.73% |
Current DrawdownCurrent decline from peak | -1.25% | -0.86% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -1.51% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.51% | +0.29% |
Volatility
FIJEX vs. FCFAX - Volatility Comparison
Frost Total Return Bond Fund (FIJEX) has a higher volatility of 0.83% compared to Frost Credit Fund (FCFAX) at 0.66%. This indicates that FIJEX's price experiences larger fluctuations and is considered to be riskier than FCFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIJEX | FCFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.66% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 1.81% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 2.27% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 2.79% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 3.20% | +0.04% |
FIJEX vs. FCFAX - Expense Ratio Comparison
FIJEX has a 0.46% expense ratio, which is lower than FCFAX's 0.96% expense ratio.
Dividends
FIJEX vs. FCFAX - Dividend Comparison
FIJEX's dividend yield for the trailing twelve months is around 5.87%, less than FCFAX's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFAX Frost Credit Fund | 6.35% | 6.10% | 5.76% | 5.93% | 5.00% | 3.65% | 3.69% | 4.62% | 5.05% | 5.85% | 4.84% | 4.95% |
FIJEX Frost Total Return Bond Fund | 5.87% | 4.64% | 5.23% | 5.53% | 4.69% | 3.31% | 3.82% | 3.79% | 3.63% | 3.68% | 4.03% | 4.14% |
Frequently Asked Questions
FIJEX and FCFAX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIJEX has higher volatility (0.83%) compared to FCFAX (0.66%). In terms of maximum drawdown, FIJEX dropped -16.82% vs FCFAX's -16.33%.
FCFAX currently has the higher Sharpe Ratio (1.42 vs 1.07), 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.
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