FPIOX vs. CRDOX
Compare and contrast key facts about Strategic Advisers Income Opportunities Fund (FPIOX) and Six Circles Credit Opportunities Fund (CRDOX).
FPIOX is managed by Fidelity. It was launched on Sep 27, 2007. CRDOX is managed by Six Circles. It was launched on Nov 22, 2020.
Performance
FPIOX vs. CRDOX - Performance Comparison
Loading graphics...
FPIOX vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FPIOX Strategic Advisers Income Opportunities Fund | -2.22% | 8.47% | 7.89% | 11.85% | -11.84% | 5.35% | 3.04% |
CRDOX Six Circles Credit Opportunities Fund | -1.78% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Returns By Period
In the year-to-date period, FPIOX achieves a -2.22% return, which is significantly lower than CRDOX's -1.78% return.
FPIOX
- 1D
- -0.34%
- 1M
- -2.44%
- YTD
- -2.22%
- 6M
- -1.31%
- 1Y
- 5.22%
- 3Y*
- 7.29%
- 5Y*
- 3.37%
- 10Y*
- 5.31%
CRDOX
- 1D
- -0.45%
- 1M
- -3.08%
- YTD
- -1.78%
- 6M
- -0.13%
- 1Y
- 6.28%
- 3Y*
- 6.44%
- 5Y*
- 2.67%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FPIOX vs. CRDOX - Expense Ratio Comparison
FPIOX has a 0.49% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Return for Risk
FPIOX vs. CRDOX — Risk / Return Rank
FPIOX
CRDOX
FPIOX vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Income Opportunities Fund (FPIOX) and Six Circles Credit Opportunities Fund (CRDOX). 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.
| FPIOX | CRDOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.90 | -0.25 |
Sortino ratioReturn per unit of downside risk | 2.39 | 2.60 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.51 | -0.31 |
Martin ratioReturn relative to average drawdown | 5.01 | 6.42 | -1.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FPIOX | CRDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.90 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.66 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.70 | +0.22 |
Correlation
The correlation between FPIOX and CRDOX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FPIOX vs. CRDOX - Dividend Comparison
FPIOX's dividend yield for the trailing twelve months is around 3.99%, less than CRDOX's 6.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIOX Strategic Advisers Income Opportunities Fund | 3.99% | 5.34% | 5.81% | 5.52% | 4.34% | 4.70% | 5.20% | 5.53% | 5.48% | 5.02% | 5.88% | 6.58% |
CRDOX Six Circles Credit Opportunities Fund | 6.36% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPIOX vs. CRDOX - Drawdown Comparison
The maximum FPIOX drawdown since its inception was -36.95%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for FPIOX and CRDOX.
Loading graphics...
Drawdown Indicators
| FPIOX | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -15.92% | -21.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -3.14% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.14% | -15.92% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -21.77% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -3.14% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -3.63% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.79% | +0.15% |
Volatility
FPIOX vs. CRDOX - Volatility Comparison
The current volatility for Strategic Advisers Income Opportunities Fund (FPIOX) is 1.11%, while Six Circles Credit Opportunities Fund (CRDOX) has a volatility of 1.37%. This indicates that FPIOX experiences smaller price fluctuations and is considered to be less risky than CRDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FPIOX | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.37% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.16% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.27% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 4.11% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 4.04% | +1.48% |