“Since its inception, CRDT has outperformed 94% of all corporate bond mutual funds and ETFs on a risk-adjusted basis (Sharpe Ratio) and 87% of all world bond funds on a similar basis,” according to a new research note by WisdomTree. “Looking at just the corporate bond ETF category, CRDT had the second-best Sharpe ratio (risk-adjusted returns) among 21 funds, ranking it in the top 95% of corporate bond ETFs since its inception and giving it the fifth-best absolute return.”
CRDT is a global fund, but the U.S. accounts for almost 61% of its geographic weight. At 12.8%, the U.K. is the ETF’s only other double-digit geographic weight. CRDT does feature light emerging markets exposure by way of Brazil and Russia, among others. [Hedge Rate Risk With These Unique Bond ETFs]
“Western Asset incorporates both top-down and disciplined bottom-up analysis in uncovering corporate bond opportunities in the United States and around the world. By taking a global view of credit, the team at Western is able to think strategically about what risks are ultimately worth taking,” according to WisdomTree.
WisdomTree Strategic Corporate Bond Fund
