PRCPX vs. CRDOX
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and Six Circles Credit Opportunities Fund (CRDOX).
PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014. CRDOX is managed by Six Circles. It was launched on Nov 22, 2020.
Performance
PRCPX vs. CRDOX - Performance Comparison
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PRCPX vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 2.52% |
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, PRCPX achieves a -0.13% return, which is significantly higher than CRDOX's -1.78% return.
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
CRDOX
- 1D
- -0.45%
- 1M
- -3.08%
- YTD
- -1.78%
- 6M
- -0.13%
- 1Y
- 6.28%
- 3Y*
- 6.44%
- 5Y*
- 2.67%
- 10Y*
- —
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PRCPX vs. CRDOX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Return for Risk
PRCPX vs. CRDOX — Risk / Return Rank
PRCPX
CRDOX
PRCPX vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) 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.
| PRCPX | CRDOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 1.90 | +1.57 |
Sortino ratioReturn per unit of downside risk | 5.52 | 2.60 | +2.92 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.44 | +0.49 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 1.51 | +3.02 |
Martin ratioReturn relative to average drawdown | 21.08 | 6.42 | +14.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRCPX | CRDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 1.90 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.66 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.70 | +0.18 |
Correlation
The correlation between PRCPX and CRDOX is 0.75, 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
PRCPX vs. CRDOX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.89%, more than CRDOX's 6.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
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
PRCPX vs. CRDOX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for PRCPX and CRDOX.
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Drawdown Indicators
| PRCPX | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -15.92% | -7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.14% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -15.92% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -3.14% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -3.63% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.79% | -0.14% |
Volatility
PRCPX vs. CRDOX - Volatility Comparison
The current volatility for T. Rowe Price Credit Opportunities Fund (PRCPX) is 1.10%, while Six Circles Credit Opportunities Fund (CRDOX) has a volatility of 1.37%. This indicates that PRCPX 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.
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Volatility by Period
| PRCPX | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.37% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.16% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 3.27% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 4.11% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 4.04% | +1.41% |