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Cavanal Hill Ultra Short Tax-Free Income Fund (APU...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US14956P1259

Inception Date

Dec 25, 2017

Min. Investment

$100

Asset Class

Bond

Expense Ratio

APUSX has an expense ratio of 0.60%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

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Performance

Performance Chart


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S&P 500

Returns By Period

Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) returned 0.98% year-to-date (YTD) and 3.11% over the past 12 months.


APUSX

YTD

0.98%

1M

0.37%

6M

1.39%

1Y

3.11%

3Y*

2.53%

5Y*

1.26%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of APUSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.34%0.21%0.25%0.07%0.10%0.98%
20240.25%0.25%0.18%0.28%0.27%0.27%0.35%0.26%0.26%0.16%0.35%0.16%3.10%
20230.39%-0.10%0.42%0.02%0.24%0.24%0.36%0.19%0.22%0.24%0.44%0.29%3.01%
2022-0.30%-0.10%-0.40%-0.20%0.31%0.11%0.11%-0.27%-0.26%0.16%0.58%0.10%-0.18%
20210.00%0.00%-0.10%0.00%0.00%0.00%0.00%-0.10%-0.10%0.00%0.00%-0.10%-0.40%
20200.06%0.06%0.12%0.06%0.13%0.02%-0.09%0.00%0.00%-0.10%0.00%0.00%0.26%
20190.11%0.10%0.11%0.11%0.10%0.00%0.11%0.01%-0.09%0.11%0.00%0.00%0.67%
2018-0.10%0.00%0.00%-0.10%0.10%0.00%0.00%-0.10%0.00%0.00%0.00%0.10%-0.10%
20170.00%0.00%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 99, APUSX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of APUSX is 9999
Overall Rank
The Sharpe Ratio Rank of APUSX is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of APUSX is 9999
Sortino Ratio Rank
The Omega Ratio Rank of APUSX is 100100
Omega Ratio Rank
The Calmar Ratio Rank of APUSX is 9999
Calmar Ratio Rank
The Martin Ratio Rank of APUSX is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Cavanal Hill Ultra Short Tax-Free Income Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 3.25
  • 5-Year: 1.75
  • All Time: 1.54

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Cavanal Hill Ultra Short Tax-Free Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Cavanal Hill Ultra Short Tax-Free Income Fund provided a 3.06% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.35201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019
Dividend$0.31$0.31$0.21$0.03$0.00$0.04$0.06

Dividend yield

3.06%3.15%2.05%0.32%0.00%0.36%0.57%

Monthly Dividends

The table displays the monthly dividend distributions for Cavanal Hill Ultra Short Tax-Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.02$0.02$0.03$0.03$0.00$0.10
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2023$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.03$0.21
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.01$0.01$0.03
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.01$0.01$0.01$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.04
2019$0.01$0.01$0.01$0.01$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.06

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Cavanal Hill Ultra Short Tax-Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Cavanal Hill Ultra Short Tax-Free Income Fund was 1.64%, occurring on Sep 26, 2022. Recovery took 132 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-1.64%Jul 23, 2020549Sep 26, 2022132Apr 5, 2023681
-0.6%Mar 12, 20207Mar 20, 20207Mar 31, 202014
-0.2%Apr 17, 20235Apr 21, 202310May 5, 202315
-0.2%Apr 7, 20253Apr 9, 202514Apr 30, 202517
-0.2%Jan 18, 201865Apr 20, 2018194Jan 29, 2019259
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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