SCFIX vs. CPMPX
Compare and contrast key facts about Shenkman Capital Short Duration High Income Fund (SCFIX) and Changing Parameters Fund (CPMPX).
SCFIX is managed by Shenkman Funds. It was launched on Oct 31, 2012. CPMPX is managed by Changing Parameters. It was launched on Oct 2, 2006.
Performance
SCFIX vs. CPMPX - Performance Comparison
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SCFIX vs. CPMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCFIX Shenkman Capital Short Duration High Income Fund | -0.61% | 7.02% | 6.11% | 9.24% | -2.52% | 5.08% | 3.36% | 7.61% | 0.85% | 3.54% |
CPMPX Changing Parameters Fund | 0.09% | 6.65% | -3.47% | 8.13% | -0.22% | 3.86% | 13.43% | 6.82% | -1.19% | 5.29% |
Returns By Period
In the year-to-date period, SCFIX achieves a -0.61% return, which is significantly lower than CPMPX's 0.09% return. Both investments have delivered pretty close results over the past 10 years, with SCFIX having a 4.30% annualized return and CPMPX not far ahead at 4.32%.
SCFIX
- 1D
- 0.10%
- 1M
- -0.81%
- YTD
- -0.61%
- 6M
- 0.92%
- 1Y
- 5.06%
- 3Y*
- 6.27%
- 5Y*
- 4.65%
- 10Y*
- 4.30%
CPMPX
- 1D
- 0.00%
- 1M
- -1.12%
- YTD
- 0.09%
- 6M
- 1.24%
- 1Y
- 6.34%
- 3Y*
- 3.14%
- 5Y*
- 2.65%
- 10Y*
- 4.32%
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SCFIX vs. CPMPX - Expense Ratio Comparison
SCFIX has a 0.67% expense ratio, which is lower than CPMPX's 2.90% expense ratio.
Return for Risk
SCFIX vs. CPMPX — Risk / Return Rank
SCFIX
CPMPX
SCFIX vs. CPMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shenkman Capital Short Duration High Income Fund (SCFIX) and Changing Parameters Fund (CPMPX). 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.
| SCFIX | CPMPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.61 | 3.43 | -0.82 |
Sortino ratioReturn per unit of downside risk | 3.70 | 5.56 | -1.86 |
Omega ratioGain probability vs. loss probability | 1.65 | 1.91 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 3.04 | 4.84 | -1.80 |
Martin ratioReturn relative to average drawdown | 15.96 | 19.28 | -3.32 |
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
| SCFIX | CPMPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 3.43 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.60 | 0.70 | +0.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.32 | 1.38 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 1.10 | +0.20 |
Correlation
The correlation between SCFIX and CPMPX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SCFIX vs. CPMPX - Dividend Comparison
SCFIX's dividend yield for the trailing twelve months is around 5.00%, more than CPMPX's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCFIX Shenkman Capital Short Duration High Income Fund | 5.00% | 5.54% | 5.85% | 5.21% | 3.86% | 4.93% | 3.24% | 3.78% | 3.87% | 3.09% | 3.07% | 3.38% |
CPMPX Changing Parameters Fund | 3.82% | 3.83% | 0.00% | 4.26% | 5.03% | 4.24% | 6.94% | 2.85% | 1.71% | 3.32% | 2.25% | 1.51% |
Drawdowns
SCFIX vs. CPMPX - Drawdown Comparison
The maximum SCFIX drawdown since its inception was -13.08%, which is greater than CPMPX's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for SCFIX and CPMPX.
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Drawdown Indicators
| SCFIX | CPMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.08% | -8.87% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -1.31% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -6.30% | -8.13% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -13.08% | -8.13% | -4.95% |
Current DrawdownCurrent decline from peak | -1.01% | -1.83% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -1.87% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.33% | -0.02% |
Volatility
SCFIX vs. CPMPX - Volatility Comparison
Shenkman Capital Short Duration High Income Fund (SCFIX) and Changing Parameters Fund (CPMPX) have volatilities of 0.79% and 0.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCFIX | CPMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.78% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 1.38% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.96% | 1.90% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.92% | 3.83% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.27% | 3.13% | +0.14% |