STBNX vs. SUBFX
STBNX (Ocean Park Tactical Bond Fund) and SUBFX (Carillon Reams Unconstrained Bond Fund) are both Nontraditional Bonds funds. Over the past 5 years, STBNX returned 1.34%/yr vs 3.62%/yr for SUBFX. Their 0.47 correlation means their historical movements had little consistent relationship. STBNX charges 1.63%/yr vs 0.50%/yr for SUBFX.
Performance
STBNX vs. SUBFX - Performance Comparison
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Returns By Period
In the year-to-date period, STBNX achieves a 0.83% return, which is significantly higher than SUBFX's 0.50% return.
STBNX
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 0.32%
- YTD
- 0.83%
- 1Y
- 3.57%
- 3Y*
- 3.40%
- 5Y*
- 1.34%
- 10Y*
- —
- ALL TIME*
- 3.96%
SUBFX
- 1D
- -0.32%
- 1M
- -0.79%
- 6M
- 0.16%
- YTD
- 0.50%
- 1Y
- 3.21%
- 3Y*
- 6.56%
- 5Y*
- 3.62%
- 10Y*
- 3.81%
- ALL TIME*
- 4.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
STBNX vs. SUBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
STBNX Ocean Park Tactical Bond Fund | 0.83% | -0.37% | 6.36% | 6.76% | -4.47% | 1.11% | 15.56% | 2.41% |
SUBFX Carillon Reams Unconstrained Bond Fund | 0.50% | 10.61% | 4.22% | 8.53% | -4.74% | -0.32% | 11.18% | 0.75% |
Correlation
The correlation between STBNX and SUBFX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2019 | 0.47 |
The correlation between STBNX and SUBFX shifts across timeframes, from 0.47 (all time) to 0.64 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
STBNX vs. SUBFX — Risk / Return Rank
STBNX
SUBFX
STBNX vs. SUBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ocean Park Tactical Bond Fund (STBNX) and Carillon Reams Unconstrained Bond Fund (SUBFX). 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.
| STBNX | SUBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.61 | -0.16 |
| Martin ratioReturn relative to average drawdown | 6.45 | 5.25 | +1.21 |
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Drawdowns
STBNX vs. SUBFX - Drawdown Comparison
The maximum STBNX drawdown since its inception was -8.04%, smaller than the maximum SUBFX drawdown of -11.22%. Use the drawdown chart below to compare losses from any high point for STBNX and SUBFX.
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Drawdown Indicators
| STBNX | SUBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.04% | -11.22% | +3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.34% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.96% | -3.83% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -8.04% | -10.55% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.22% | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.32% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -1.46% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.72% | -0.17% |
Volatility
STBNX vs. SUBFX - Volatility Comparison
The current volatility for Ocean Park Tactical Bond Fund (STBNX) is 0.70%, while Carillon Reams Unconstrained Bond Fund (SUBFX) has a volatility of 0.93%. This indicates that STBNX experiences smaller price fluctuations and is considered to be less risky than SUBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STBNX | SUBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.93% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.51% | 3.01% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.46% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 5.52% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 5.31% | -0.40% |
STBNX vs. SUBFX - Expense Ratio Comparison
STBNX has a 1.63% expense ratio, which is higher than SUBFX's 0.50% expense ratio.
Dividends
STBNX vs. SUBFX - Dividend Comparison
STBNX's dividend yield for the trailing twelve months is around 5.34%, less than SUBFX's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STBNX Ocean Park Tactical Bond Fund | 5.34% | 4.98% | 5.17% | 4.53% | 1.41% | 2.74% | 6.55% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% |
SUBFX Carillon Reams Unconstrained Bond Fund | 5.84% | 6.44% | 4.92% | 4.52% | 2.16% | 1.96% | 3.01% | 2.83% | 2.06% | 1.17% | 1.01% | 0.52% |
Frequently Asked Questions
STBNX and SUBFX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SUBFX has higher volatility (0.93%) compared to STBNX (0.70%). In terms of maximum drawdown, STBNX dropped -8.04% vs SUBFX's -11.22%.
STBNX currently has the higher Sharpe Ratio (1.16 vs 1.09), 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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