SNTH vs. CRDBX
SNTH (MRP SynthEquity ETF) and CRDBX (Potomac Defensive Bull Fund) are both funds - SNTH is a Equity Hedged fund actively managed by MRP, while CRDBX is a Tactical Allocation fund managed by Potomac Fund Management Inc.. Over the past year, SNTH returned 22.32% vs 37.68% for CRDBX. A 0.63 correlation means they provide meaningful diversification when combined. SNTH charges 0.95%/yr vs 1.24%/yr for CRDBX.
Performance
SNTH vs. CRDBX - Performance Comparison
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Returns By Period
In the year-to-date period, SNTH achieves a 6.56% return, which is significantly lower than CRDBX's 16.81% return.
SNTH
- 1D
- -0.02%
- 1M
- -2.76%
- YTD
- 6.56%
- 6M
- 4.86%
- 1Y
- 22.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRDBX
- 1D
- -0.18%
- 1M
- 0.30%
- YTD
- 16.81%
- 6M
- 14.40%
- 1Y
- 37.68%
- 3Y*
- 19.21%
- 5Y*
- 15.31%
- 10Y*
- —
SNTH vs. CRDBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SNTH MRP SynthEquity ETF | 6.56% | 24.27% |
CRDBX Potomac Defensive Bull Fund | 16.81% | 36.65% |
Correlation
The correlation between SNTH and CRDBX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025 | 0.63 |
The correlation between SNTH and CRDBX shifts across timeframes, from 0.63 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SNTH vs. CRDBX — Risk / Return Rank
SNTH
CRDBX
SNTH vs. CRDBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MRP SynthEquity ETF (SNTH) and Potomac Defensive Bull Fund (CRDBX). 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.
| SNTH | CRDBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.54 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 5.31 | -2.82 |
| Martin ratioReturn relative to average drawdown | 8.37 | 16.95 | -8.58 |
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Drawdowns
SNTH vs. CRDBX - Drawdown Comparison
The maximum SNTH drawdown since its inception was -9.79%, smaller than the maximum CRDBX drawdown of -28.12%. Use the drawdown chart below to compare losses from any high point for SNTH and CRDBX.
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Drawdown Indicators
| SNTH | CRDBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.79% | -28.12% | +18.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -7.13% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.12% | — |
Current DrawdownCurrent decline from peak | -4.05% | -4.39% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -6.52% | +4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.23% | +0.44% |
Volatility
SNTH vs. CRDBX - Volatility Comparison
The current volatility for MRP SynthEquity ETF (SNTH) is 5.18%, while Potomac Defensive Bull Fund (CRDBX) has a volatility of 6.58%. This indicates that SNTH experiences smaller price fluctuations and is considered to be less risky than CRDBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNTH | CRDBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 6.58% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 11.94% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.04% | 15.46% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 19.91% | -4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 20.42% | -4.63% |
SNTH vs. CRDBX - Expense Ratio Comparison
SNTH has a 0.95% expense ratio, which is lower than CRDBX's 1.24% expense ratio.
Dividends
SNTH vs. CRDBX - Dividend Comparison
SNTH's dividend yield for the trailing twelve months is around 11.29%, less than CRDBX's 13.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CRDBX Potomac Defensive Bull Fund | 13.15% | 15.36% | 12.58% | 9.91% | 0.18% | 25.05% | 1.65% |
SNTH MRP SynthEquity ETF | 11.29% | 11.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNTH and CRDBX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRDBX has higher volatility (6.58%) compared to SNTH (5.18%). In terms of maximum drawdown, SNTH dropped -9.79% vs CRDBX's -28.12%.
CRDBX currently has the higher Sharpe Ratio (2.46 vs 1.72), 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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