Allspring Ultra Short-Term Income Fund (SADIX) 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 SADIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SADIX
SADIX charges 0.26% annually. There are 17 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 | SADIX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | SADIX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | SADIX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | SADIX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | SADIX vs DFYGX |
Best Risk-Adjusted Alternatives to SADIX
SADIX has a PortfoliosLab risk / return rank of 99. There are 39 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 | SADIX vs NUSIX | |
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | SADIX vs TMPFX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | SADIX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | SADIX vs DFIHX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | SADIX vs FHQFX |
Top Performing SADIX Alternatives (YTD)
SADIX is at 1.74% YTD. There are 27 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Medalist Partners Short Duration Fund | 2.62% | — | Dec 2010 | SADIX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | SADIX vs PTSHX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 2.33% | — | Mar 2016 | SADIX vs TSDUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.27% | — | Dec 2006 | SADIX vs ENIAX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | SADIX vs PAIPX |
Lowest Volatility Alternatives to SADIX
SADIX has 1.45% 1-year volatility. There are 46 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.61%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | SADIX vs NUSIX | |
| Tactical Multi-Purpose Fund | 0.61% | — | Mar 2017 | SADIX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | SADIX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 0.65% | — | Jul 1983 | SADIX vs DFIHX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | SADIX vs PRTBX |
Lowest Drawdown Alternatives to SADIX
SADIX has a 1-year max drawdown of -0.34%. There are 30 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 | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | SADIX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | SADIX vs FHQFX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | SADIX vs FCNVX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | SADIX vs BUBSX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | SADIX vs MUIIX |
Other Mutual Funds from Allspring
The 10 most viewed Allspring mutual funds shown here include EKWAX, EKBAX, WFMIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Allspring Precious Metals Fund | Precious Metals | 35 | -9.10% | — | Jan 1998 | SADIX vs EKWAX | |
| Allspring Diversified Capital Builder Fund | Diversified Portfolio | 87 | 29.12% | — | Jan 1998 | SADIX vs EKBAX | |
| Allspring Special Mid Cap Value Fund Class I | Mid Cap Value Equities | 37 | 13.27% | — | — | SADIX vs WFMIX | |
| Allspring Short-Term Bond Plus Fund | Short-Term Bond | 84 | 0.62% | — | Aug 1999 | SADIX vs SSHIX | |
| Allspring Premier Large Company Growth Fund | Large Cap Growth Equities | 6 | -0.64% | — | Jan 1998 | SADIX vs EKJAX | |
| Allspring Special Small Cap Value Fund | Small Cap Value Equities | 25 | 13.11% | — | May 1993 | SADIX vs ESPAX | |
| Allspring Disciplined U.S. Core Fund | Large Cap Blend Equities | 65 | 9.91% | — | Feb 1990 | SADIX vs EVSAX | |
| Allspring Discovery Mid Cap Growth Fund | Mid Cap Growth Equities | 8 | 4.63% | — | Feb 2000 | SADIX vs SENAX | |
| Allspring Asset Allocation Fund | Diversified Portfolio | 55 | 7.16% | — | Jul 1996 | SADIX vs EAAFX | |
| Allspring Alternative Risk Premia Fund | Multistrategy | 96 | 10.43% | — | Jan 2019 | SADIX vs WRPIX |
Often Compared With SADIX
Investors most often compare SADIX with JMGIX, SCVAX, PULS. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SADIX with Any Fund or Stock
Compare SADIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SADIX with funds that move differently
Allspring Ultra Short-Term Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SADIX.
Explore SADIX Diversifiers