Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PSDSX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PSDSX
PSDSX charges 0.53% annually. There are 46 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | PSDSX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | PSDSX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | PSDSX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | PSDSX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | PSDSX vs DFYGX |
Best Risk-Adjusted Alternatives to PSDSX
PSDSX has a PortfoliosLab risk / return rank of 95. There are 52 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | PSDSX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | PSDSX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | PSDSX vs BUBIX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | PSDSX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | PSDSX vs ENIAX |
Top Performing PSDSX Alternatives (YTD)
PSDSX is at 0.86% YTD. There are 59 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | PSDSX vs SEMRX | |
| PIMCO Short Term Fund | 1.92% | — | Oct 1987 | PSDSX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | PSDSX vs PAIPX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | PSDSX vs MYFRX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 1.64% | — | Jul 2017 | PSDSX vs TRSTX |
Lowest Volatility Alternatives to PSDSX
PSDSX has 0.98% 1-year volatility. There are 10 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | PSDSX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | PSDSX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | PSDSX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | PSDSX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | PSDSX vs BUBIX |
Lowest Drawdown Alternatives to PSDSX
PSDSX has a 1-year max drawdown of -0.80%. There are 59 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | PSDSX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | PSDSX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | PSDSX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | PSDSX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | PSDSX vs NUSIX |
Other Mutual Funds from Palmer Square
The 1 most viewed Palmer Square mutual funds shown here include PSYPX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Palmer Square Income Plus Fund | Ultrashort Bond | 75 | 0.59% | — | Feb 2014 | PSDSX vs PSYPX |
Often Compared With PSDSX
Investors most often compare PSDSX with FTSM, CBUDX, BBBIX. These 9 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| First Trust Enhanced Short Maturity ETF | Ultrashort Bond | 99 | 1.43% | 6.42B | Aug 2014 | PSDSX vs FTSM | |
| CrossingBridge Ultra-Short Duration Fund | Ultrashort Bond | 99 | 1.54% | — | Jun 2021 | PSDSX vs CBUDX | |
| BBH Limited Duration Fund | Ultrashort Bond | 97 | 1.45% | — | Jul 2000 | PSDSX vs BBBIX | |
| Sterling Capital Ultra Short Bond Fund | Ultrashort Bond | — | — | — | Nov 2012 | PSDSX vs BUSIX | |
| Northern Ultra-Short Fixed Income Fund | Ultrashort Bond | 98 | 1.24% | — | Jun 2009 | PSDSX vs NUSFX | |
| Eaton Vance Short Duration Government Income Fund | Ultrashort Bond | 70 | 1.21% | — | Sep 2002 | PSDSX vs EALDX | |
| T. Rowe Price Ultra Short-Term Bond Fund | Ultrashort Bond | 99 | 1.59% | — | Dec 2012 | PSDSX vs TRBUX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | Ultrashort Bond | 97 | 1.56% | — | Mar 2016 | PSDSX vs TSDUX | |
| Touchstone Ultra Short Duration Fixed Income Fund | Ultrashort Bond | 98 | 1.59% | — | Mar 1994 | PSDSX vs TSDOX |
Compare PSDSX with Any Fund or Stock
Compare PSDSX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PSDSX with funds that move differently
Palmer Square Ultra-Short Duration Investment Grade Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PSDSX.
Explore PSDSX Diversifiers