Sit Quality Income Fund (SQIFX) 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 SQIFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SQIFX
SQIFX charges 0.90% annually. There are 63 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 | SQIFX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | SQIFX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | SQIFX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | SQIFX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | SQIFX vs DFYGX |
Best Risk-Adjusted Alternatives to SQIFX
SQIFX has a PortfoliosLab risk / return rank of 54. There are 66 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 | SQIFX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | SQIFX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | SQIFX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | SQIFX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | SQIFX vs PAIPX |
Top Performing SQIFX Alternatives (YTD)
SQIFX is at 0.50% YTD. There are 64 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.62% | — | Dec 2010 | SQIFX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | SQIFX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | SQIFX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | SQIFX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | SQIFX vs ENIAX |
Lowest Volatility Alternatives to SQIFX
SQIFX has 2.24% 1-year volatility. There are 66 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 | SQIFX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | SQIFX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.64% | — | Jul 1983 | SQIFX vs DFIHX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | SQIFX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | SQIFX vs PRTBX |
Lowest Drawdown Alternatives to SQIFX
SQIFX has a 1-year max drawdown of -1.55%. There are 66 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 | SQIFX vs FCNVX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | SQIFX vs FHQFX | |
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | SQIFX vs DFIHX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | SQIFX vs NUSIX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | SQIFX vs BUBSX |
Other Mutual Funds from Sit
The 10 most viewed Sit mutual funds shown here include SDVGX, SSCDX, SSMGX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| SIT Dividend Growth Fund | Large Cap Blend Equities | 74 | 8.98% | — | Dec 2003 | SQIFX vs SDVGX | |
| Sit Small Cap Dividend Growth Fund | Small Cap Blend Equities | 61 | 18.40% | — | Mar 2015 | SQIFX vs SSCDX | |
| SIT Small Cap Growth Fund | Mid Cap Growth Equities | 53 | 19.31% | — | Jul 1994 | SQIFX vs SSMGX | |
| SIT U.S. Government Securities Fund | Government Bonds | 28 | 0.34% | — | Jun 1987 | SQIFX vs SNGVX | |
| SIT Large Cap Growth Fund | Large Cap Growth Equities | 30 | 6.37% | — | Sep 1982 | SQIFX vs SNIGX | |
| SIT Balanced Fund | Diversified Portfolio | 36 | 4.45% | — | Dec 1993 | SQIFX vs SIBAX | |
| SIT Mid Cap Growth Fund | Mid Cap Growth Equities | 29 | 12.73% | — | Sep 1982 | SQIFX vs NBNGX | |
| Sit Global Dividend Growth Fund | Global Equities | 48 | 10.27% | — | Sep 2008 | SQIFX vs GDGIX | |
| SIT Developing Markets Growth Fund | Emerging Markets Diversified | 74 | 20.84% | — | Jun 1994 | SQIFX vs SDMGX | |
| SIT International Growth Fund | Foreign Large Cap Equities | 27 | 9.50% | — | Oct 1991 | SQIFX vs SNGRX |
Often Compared With SQIFX
Investors most often compare SQIFX with CBUDX, IESGX, UGSDX. These 12 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare SQIFX with Any Fund or Stock
Compare SQIFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SQIFX with funds that move differently
Sit Quality Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SQIFX.
Explore SQIFX Diversifiers