Palmer Square Income Plus Fund (PSYPX) 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 PSYPX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PSYPX
PSYPX charges 0.75% annually. There are 57 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 | PSYPX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | PSYPX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | PSYPX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | PSYPX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | PSYPX vs DFYGX |
Best Risk-Adjusted Alternatives to PSYPX
PSYPX has a PortfoliosLab risk / return rank of 88. There are 62 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | PSYPX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | PSYPX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | PSYPX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | PSYPX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | PSYPX vs PAIPX |
Top Performing PSYPX Alternatives (YTD)
PSYPX is at 0.98% YTD. There are 58 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.51%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.51% | — | Dec 2010 | PSYPX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | PSYPX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.13% | — | May 2012 | PSYPX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | PSYPX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | PSYPX vs ENIAX |
Lowest Volatility Alternatives to PSYPX
PSYPX has 1.44% 1-year volatility. There are 43 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | PSYPX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | PSYPX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.63% | — | Jul 1983 | PSYPX vs DFIHX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | PSYPX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.66% | — | Sep 1987 | PSYPX vs PRTBX |
Lowest Drawdown Alternatives to PSYPX
PSYPX has a 1-year max drawdown of -1.38%. There are 64 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | PSYPX vs FCNVX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | PSYPX vs BUBSX | |
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | PSYPX vs TMPFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | PSYPX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | PSYPX vs NUSIX |
Other Mutual Funds from Palmer Square
The 1 most viewed Palmer Square mutual funds shown here include PSDSX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Palmer Square Ultra-Short Duration Investment Grad... | Ultrashort Bond | 97 | 1.19% | — | Oct 2016 | PSYPX vs PSDSX |
Often Compared With PSYPX
Investors most often compare PSYPX with LLDYX, FTHRX, FSRNX. These 16 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare PSYPX with Any Fund or Stock
Compare PSYPX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PSYPX with funds that move differently
Palmer Square Income Plus Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PSYPX.
Explore PSYPX Diversifiers