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MZCSX vs. CBLDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MZCSX vs. CBLDX

Last updated Jun 24, 2026

MZCSX (Muzinich Credit Opportunities Fund) and CBLDX (CrossingBridge Low Duration High Yield Fund) are both Multisector Bonds funds. Over the past 5 years, MZCSX returned 2.14%/yr vs 5.22%/yr for CBLDX. At a 0.25 correlation, their price movements are largely independent. MZCSX charges 0.60%/yr vs 0.88%/yr for CBLDX.

Performance

MZCSX vs. CBLDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Muzinich Credit Opportunities Fund (MZCSX) and CrossingBridge Low Duration High Yield Fund (CBLDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MZCSX achieves a 1.08% return, which is significantly lower than CBLDX's 1.83% return.

MZCSX

1D
-0.10%
1M
0.73%
YTD
1.08%
6M
1.29%
1Y
4.96%
3Y*
5.72%
5Y*
2.14%
10Y*
3.45%

CBLDX

1D
0.00%
1M
0.45%
YTD
1.83%
6M
2.04%
1Y
4.84%
3Y*
6.49%
5Y*
5.22%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MZCSX vs. CBLDX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MZCSX
Muzinich Credit Opportunities Fund		1.08%6.74%4.27%7.48%-8.41%1.11%5.63%10.77%0.12%
CBLDX
CrossingBridge Low Duration High Yield Fund		1.83%6.04%7.11%7.71%0.66%7.44%3.59%3.50%1.67%

Correlation

The correlation between MZCSX and CBLDX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Jan 31, 2018

0.25

Compare stocks, funds, or ETFs

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Muzinich Credit Opportunities Fund

CrossingBridge Low Duration High Yield Fund

Often compared with MZCSX:
MZCSX vs. QQQMZCSX vs. MZHSXMZCSX vs. DBSCXMZCSX vs. MZLSXMZCSX vs. AXSIXMZCSX vs. JSVIXMZCSX vs. CBRDX
Often compared with CBLDX:
CBLDX vs. PIMIXCBLDX vs. ICMUXCBLDX vs. JAAACBLDX vs. CLOZCBLDX vs. SEIXCBLDX vs. SWVXXCBLDX vs. FFRHX

Return for Risk

MZCSX vs. CBLDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MZCSX
MZCSX Risk / Return Rank: 5555
Overall Rank
MZCSX Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
MZCSX Sortino Ratio Rank: 7070
Sortino Ratio Rank
MZCSX Omega Ratio Rank: 6767
Omega Ratio Rank
MZCSX Calmar Ratio Rank: 3636
Calmar Ratio Rank
MZCSX Martin Ratio Rank: 4646
Martin Ratio Rank
CBLDX
CBLDX Risk / Return Rank: 9797
Overall Rank
CBLDX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CBLDX Sortino Ratio Rank: 9797
Sortino Ratio Rank
CBLDX Omega Ratio Rank: 9898
Omega Ratio Rank
CBLDX Calmar Ratio Rank: 9797
Calmar Ratio Rank
CBLDX Martin Ratio Rank: 9898
Martin Ratio Rank
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.

MZCSX vs. CBLDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Muzinich Credit Opportunities Fund (MZCSX) and CrossingBridge Low Duration High Yield Fund (CBLDX). 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.

MZCSXCBLDXDifference
Sharpe ratioReturn per unit of total volatility
2.06
3.56

-1.50

Sortino ratioReturn per unit of downside risk
3.18
5.27

-2.09

Omega ratioGain probability vs. loss probability

1.41

2.07

-0.66

Calmar ratioReturn relative to maximum drawdown

2.14

6.84

-4.71

Martin ratioReturn relative to average drawdown

9.08

27.16

-18.08

MZCSX vs. CBLDX - Sharpe Ratio Comparison

The current MZCSX Sharpe Ratio is 2.06, which is lower than the CBLDX Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of MZCSX and CBLDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MZCSX vs. CBLDX - Drawdown Comparison

The maximum MZCSX drawdown since its inception was -12.56%, which is greater than CBLDX's maximum drawdown of -8.15%. Use the drawdown chart below to compare losses from any high point for MZCSX and CBLDX.

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Drawdown Indicators

MZCSXCBLDXDifference

Max Drawdown

Largest peak-to-trough decline

-12.56%

-8.15%

-4.41%

Max Drawdown (1Y)

Largest decline over 1 year

-2.43%

-0.73%

-1.70%

Max Drawdown (3Y)

Largest decline over 3 years

-3.26%

-1.05%

-2.21%

Max Drawdown (5Y)

Largest decline over 5 years

-12.05%

-1.88%

-10.17%

Max Drawdown (10Y)

Largest decline over 10 years

-12.56%

—

—

Current Drawdown

Current decline from peak

-0.21%

-0.10%

-0.11%

Average Drawdown

Average peak-to-trough decline

-1.60%

-0.31%

-1.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.57%

0.18%

+0.39%

Volatility

MZCSX vs. CBLDX - Volatility Comparison

Muzinich Credit Opportunities Fund (MZCSX) has a higher volatility of 0.66% compared to CrossingBridge Low Duration High Yield Fund (CBLDX) at 0.33%. This indicates that MZCSX's price experiences larger fluctuations and is considered to be riskier than CBLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MZCSXCBLDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.66%

0.33%

+0.33%

Volatility (6M)

Calculated over the trailing 6-month period

2.01%

1.13%

+0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

2.53%

1.40%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.42%

1.59%

+1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.35%

1.82%

+1.53%

MZCSX vs. CBLDX - Expense Ratio Comparison

MZCSX has a 0.60% expense ratio, which is lower than CBLDX's 0.88% expense ratio.

Dividends

MZCSX vs. CBLDX - Dividend Comparison

MZCSX's dividend yield for the trailing twelve months is around 6.57%, more than CBLDX's 6.22% yield.

PositionTTM20252024202320222021202020192018201720162015
CBLDX
CrossingBridge Low Duration High Yield Fund		6.22%6.43%7.12%7.65%5.07%5.13%3.97%2.85%2.18%0.00%0.00%0.00%
MZCSX
Muzinich Credit Opportunities Fund		6.57%5.96%5.19%4.10%1.35%8.02%2.41%6.52%2.11%2.80%3.99%2.56%

Frequently Asked Questions

MZCSX and CBLDX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MZCSX has higher volatility (0.66%) compared to CBLDX (0.33%). In terms of maximum drawdown, MZCSX dropped -12.56% vs CBLDX's -8.15%.

CBLDX currently has the higher Sharpe Ratio (3.56 vs 2.06), 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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