SHYAX vs. CRDOX
Compare and contrast key facts about SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) and Six Circles Credit Opportunities Fund (CRDOX).
SHYAX is managed by BlackRock. It was launched on Jan 11, 1995. CRDOX is managed by Six Circles. It was launched on Nov 22, 2020.
Performance
SHYAX vs. CRDOX - Performance Comparison
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SHYAX vs. CRDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SHYAX SEI Institutional Managed Trust High Yield Bond Fund | -1.46% | 7.59% | 7.60% | 10.70% | -13.31% | 9.07% | 3.89% |
CRDOX Six Circles Credit Opportunities Fund | -1.45% | 7.48% | 8.69% | 8.06% | -10.62% | 2.66% | 1.71% |
Returns By Period
The year-to-date returns for both investments are quite close, with SHYAX having a -1.46% return and CRDOX slightly higher at -1.45%.
SHYAX
- 1D
- 0.39%
- 1M
- -1.90%
- YTD
- -1.46%
- 6M
- -0.61%
- 1Y
- 5.08%
- 3Y*
- 6.98%
- 5Y*
- 2.94%
- 10Y*
- 5.58%
CRDOX
- 1D
- 0.34%
- 1M
- -2.43%
- YTD
- -1.45%
- 6M
- 0.10%
- 1Y
- 6.40%
- 3Y*
- 6.56%
- 5Y*
- 2.70%
- 10Y*
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SHYAX vs. CRDOX - Expense Ratio Comparison
SHYAX has a 0.89% expense ratio, which is higher than CRDOX's 0.29% expense ratio.
Return for Risk
SHYAX vs. CRDOX — Risk / Return Rank
SHYAX
CRDOX
SHYAX vs. CRDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) 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.
| SHYAX | CRDOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 2.04 | -0.67 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.80 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.81 | -0.12 |
Martin ratioReturn relative to average drawdown | 6.33 | 8.08 | -1.75 |
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
| SHYAX | CRDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.04 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.66 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.72 | +0.53 |
Correlation
The correlation between SHYAX and CRDOX is 0.70, 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
SHYAX vs. CRDOX - Dividend Comparison
SHYAX's dividend yield for the trailing twelve months is around 8.07%, more than CRDOX's 6.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYAX SEI Institutional Managed Trust High Yield Bond Fund | 8.07% | 8.69% | 7.48% | 10.58% | 12.96% | 5.19% | 7.50% | 6.05% | 7.51% | 6.90% | 7.06% | 7.34% |
CRDOX Six Circles Credit Opportunities Fund | 6.34% | 5.18% | 6.96% | 6.86% | 5.82% | 2.73% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHYAX vs. CRDOX - Drawdown Comparison
The maximum SHYAX drawdown since its inception was -38.15%, which is greater than CRDOX's maximum drawdown of -15.92%. Use the drawdown chart below to compare losses from any high point for SHYAX and CRDOX.
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Drawdown Indicators
| SHYAX | CRDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.15% | -15.92% | -22.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -3.14% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -15.92% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -2.28% | -2.81% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -3.63% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.70% | +0.15% |
Volatility
SHYAX vs. CRDOX - Volatility Comparison
SEI Institutional Managed Trust High Yield Bond Fund (SHYAX) and Six Circles Credit Opportunities Fund (CRDOX) have volatilities of 1.44% and 1.44%, 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
| SHYAX | CRDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.44% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 2.19% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 3.28% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 4.11% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 4.04% | +1.30% |