NHS vs. CRDOX
NHS (Neuberger Berman High Yield Strategies Fund) and CRDOX (Six Circles Credit Opportunities Fund) are both High Yield Bonds funds. Over the past 5 years, NHS returned -1.45%/yr vs 3.02%/yr for CRDOX. Their 0.35 correlation means their historical movements had little consistent relationship. NHS charges 4.14%/yr vs 0.29%/yr for CRDOX.
Performance
NHS vs. CRDOX - Performance Comparison
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Returns By Period
In the year-to-date period, NHS achieves a -10.96% return, which is significantly lower than CRDOX's 1.94% return.
NHS
- 1D
- -0.50%
- 1M
- -1.95%
- 6M
- -13.90%
- YTD
- -10.96%
- 1Y
- -4.46%
- 3Y*
- 6.46%
- 5Y*
- -1.45%
- 10Y*
- 4.94%
- ALL TIME*
- 6.78%
CRDOX
- 1D
- -0.05%
- 1M
- -0.61%
- 6M
- 1.19%
- YTD
- 1.94%
- 1Y
- 5.75%
- 3Y*
- 7.49%
- 5Y*
- 3.02%
- 10Y*
- —
- ALL TIME*
- 3.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.10M | $992.56K | $1.32M |
NHS vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NHS Neuberger Berman High Yield Strategies Fund | -10.96% | 14.81% | 11.04% | 6.12% | -22.99% | 15.78% | 3.06% |
CRDOX Six Circles Credit Opportunities Fund | 1.94% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Correlation
The correlation between NHS and CRDOX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.35 |
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Return for Risk
NHS vs. CRDOX — Risk / Return Rank
NHS
CRDOX
NHS vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman High Yield Strategies Fund (NHS) 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.
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.
| NHS | CRDOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.46 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.14 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.54 | 9.24 | -9.77 |
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Drawdowns
NHS vs. CRDOX - Drawdown Comparison
The maximum NHS drawdown since its inception was -64.67%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for NHS and CRDOX.
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Drawdown Indicators
| NHS | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.67% | -15.92% | -48.75% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -2.70% | -14.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.01% | -4.66% | -12.35% |
Max Drawdown (5Y)Largest decline over 5 years | -37.43% | -15.92% | -21.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.97% | — | — |
Current DrawdownCurrent decline from peak | -16.34% | -0.83% | -15.51% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -3.43% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.05% | 0.62% | +8.43% |
Volatility
NHS vs. CRDOX - Volatility Comparison
Neuberger Berman High Yield Strategies Fund (NHS) has a higher volatility of 2.54% compared to Six Circles Credit Opportunities Fund (CRDOX) at 0.58%. This indicates that NHS's price experiences larger fluctuations and is considered to be riskier than CRDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NHS | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.58% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 2.33% | +7.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 2.88% | +10.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 4.15% | +11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 3.98% | +12.71% |
NHS vs. CRDOX - Expense Ratio Comparison
NHS has a 4.14% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Dividends
NHS vs. CRDOX - Dividend Comparison
NHS's dividend yield for the trailing twelve months is around 18.04%, more than CRDOX's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRDOX Six Circles Credit Opportunities Fund | 6.57% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NHS Neuberger Berman High Yield Strategies Fund | 18.04% | 14.60% | 14.50% | 13.94% | 12.75% | 8.74% | 9.29% | 7.99% | 8.37% | 7.59% | 8.23% | 9.81% |
Frequently Asked Questions
NHS and CRDOX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NHS has higher volatility (2.54%) compared to CRDOX (0.58%). In terms of maximum drawdown, NHS dropped -64.67% vs CRDOX's -15.92%.
CRDOX currently has the higher Sharpe Ratio (2.01 vs -0.38), 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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