XPMIX vs. FCRIX
XPMIX (StepStone Private Markets Fund Class I) and FCRIX (FS Credit Income Fund Class I) are both Multistrategy funds. Both are actively managed. Over the past 5 years, XPMIX returned 12.74%/yr vs 4.26%/yr for FCRIX. Their 0.18 correlation means their historical movements had little consistent relationship. XPMIX charges 2.34%/yr vs 2.37%/yr for FCRIX.
Performance
XPMIX vs. FCRIX - Performance Comparison
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Returns By Period
In the year-to-date period, XPMIX achieves a 5.26% return, which is significantly higher than FCRIX's 3.24% return.
XPMIX
- 1D
- -0.25%
- 1M
- -0.22%
- 6M
- 3.65%
- YTD
- 5.26%
- 1Y
- 9.58%
- 3Y*
- 10.93%
- 5Y*
- 12.74%
- 10Y*
- —
- ALL TIME*
- 18.10%
FCRIX
- 1D
- 0.00%
- 1M
- -0.25%
- 6M
- 3.33%
- YTD
- 3.24%
- 1Y
- 7.55%
- 3Y*
- 8.33%
- 5Y*
- 4.26%
- 10Y*
- —
- ALL TIME*
- 5.37%
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 |
XPMIX vs. FCRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XPMIX StepStone Private Markets Fund Class I | 5.26% | 11.78% | 12.97% | 12.21% | 8.77% | 30.00% | 24.92% |
FCRIX FS Credit Income Fund Class I | 3.24% | 7.88% | 8.86% | 11.96% | -10.70% | 7.50% | 8.37% |
Correlation
The correlation between XPMIX and FCRIX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020 | 0.18 |
The correlation between XPMIX and FCRIX shifts across timeframes, from 0.18 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XPMIX vs. FCRIX — Risk / Return Rank
XPMIX
FCRIX
XPMIX vs. FCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for StepStone Private Markets Fund Class I (XPMIX) and FS Credit Income Fund Class I (FCRIX). 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.
| XPMIX | FCRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -7.01 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 2.66 | -1.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 8.44 | -4.77 |
| Martin ratioReturn relative to average drawdown | 14.12 | 35.73 | -21.61 |
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Drawdowns
XPMIX vs. FCRIX - Drawdown Comparison
The maximum XPMIX drawdown since its inception was -3.71%, smaller than the maximum FCRIX drawdown of -26.74%. Use the drawdown chart below to compare losses from any high point for XPMIX and FCRIX.
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Drawdown Indicators
| XPMIX | FCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.71% | -26.74% | +23.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -0.90% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.13% | -3.01% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -3.13% | -15.33% | +12.20% |
Current DrawdownCurrent decline from peak | -0.65% | -0.25% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -3.13% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.21% | +0.47% |
Volatility
XPMIX vs. FCRIX - Volatility Comparison
The current volatility for StepStone Private Markets Fund Class I (XPMIX) is 0.81%, while FS Credit Income Fund Class I (FCRIX) has a volatility of 0.87%. This indicates that XPMIX experiences smaller price fluctuations and is considered to be less risky than FCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPMIX | FCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.87% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 1.96% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 2.98% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 4.22% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.86% | 6.34% | +3.52% |
XPMIX vs. FCRIX - Expense Ratio Comparison
XPMIX has a 2.34% expense ratio, which is lower than FCRIX's 2.37% expense ratio.
Dividends
XPMIX vs. FCRIX - Dividend Comparison
XPMIX's dividend yield for the trailing twelve months is around 0.79%, less than FCRIX's 10.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCRIX FS Credit Income Fund Class I | 10.04% | 10.54% | 7.62% | 5.56% | 3.25% | 5.62% | 5.72% | 2.91% |
XPMIX StepStone Private Markets Fund Class I | 0.79% | 0.85% | 1.31% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XPMIX and FCRIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCRIX has higher volatility (0.87%) compared to XPMIX (0.81%). In terms of maximum drawdown, XPMIX dropped -3.71% vs FCRIX's -26.74%.
FCRIX currently has the higher Sharpe Ratio (2.55 vs 2.24), 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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