ASDIX vs. TRSTX

Last updated Jun 24, 2026

ASDIX (AAM/HIMCO Short Duration Fund) and TRSTX (T. Rowe Price Ultra Short-Term Bond Fund Class I) are both Ultrashort Bond funds. Over the past 5 years, ASDIX returned 2.88%/yr vs 3.59%/yr for TRSTX. At a 0.27 correlation, their price movements are largely independent. ASDIX charges 0.56%/yr vs 0.20%/yr for TRSTX.

Performance

ASDIX vs. TRSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM/HIMCO Short Duration Fund (ASDIX) and T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASDIX achieves a 1.07% return, which is significantly lower than TRSTX's 1.64% return.

ASDIX

• 1D: 0.00%
• 1M: 0.32%
• YTD: 1.07%
• 6M: 1.26%
• 1Y: 3.84%
• 3Y*: 4.55%
• 5Y*: 2.88%
• 10Y*: 2.75%

TRSTX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 1.64%
• 6M: 2.04%
• 1Y: 4.70%
• 3Y*: 5.74%
• 5Y*: 3.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASDIX vs. TRSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ASDIX AAM/HIMCO Short Duration Fund	1.07%	4.61%	4.82%	5.49%	-1.33%	0.39%	2.15%	5.15%	0.87%
TRSTX T. Rowe Price Ultra Short-Term Bond Fund Class I	1.64%	5.34%	6.41%	5.89%	-1.20%	0.29%	3.19%	3.65%	1.60%

Correlation

The correlation between ASDIX and TRSTX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018	0.27

The correlation between ASDIX and TRSTX shifts across timeframes, from 0.07 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ASDIX vs. TRSTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASDIX

ASDIX Risk / Return Rank: 98
ASDIX Sharpe Ratio Rank: 98
ASDIX Sortino Ratio Rank: 98
ASDIX Omega Ratio Rank: 98
ASDIX Calmar Ratio Rank: 97
ASDIX Martin Ratio Rank: 98

TRSTX

TRSTX Risk / Return Rank: 99
TRSTX Sharpe Ratio Rank: 96
TRSTX Sortino Ratio Rank: 99
TRSTX Omega Ratio Rank: 100
TRSTX Calmar Ratio Rank: 100
TRSTX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASDIX vs. TRSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM/HIMCO Short Duration Fund (ASDIX) and T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASDIX	TRSTX	Difference
Sharpe ratio: Return per unit of total volatility	3.59	3.15	+0.43
Sortino ratio: Return per unit of downside risk	6.13	9.73	-3.60
Omega ratio: Gain probability vs. loss probability	2.00	4.91	-2.91
Calmar ratio: Return relative to maximum drawdown	6.89	24.71	-17.82
Martin ratio: Return relative to average drawdown	32.16	55.77	-23.62

ASDIX vs. TRSTX - Sharpe Ratio Comparison

The current ASDIX Sharpe Ratio is 3.59, which is comparable to the TRSTX Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of ASDIX and TRSTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASDIX vs. TRSTX - Drawdown Comparison

The maximum ASDIX drawdown since its inception was -7.62%, which is greater than TRSTX's maximum drawdown of -4.34%. Use the drawdown chart below to compare losses from any high point for ASDIX and TRSTX.

Drawdown Indicators

	ASDIX	TRSTX	Difference
Max Drawdown Largest peak-to-trough decline	-7.62%	-4.34%	-3.28%
Max Drawdown (1Y) Largest decline over 1 year	-0.59%	-0.20%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-0.89%	-0.59%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	-2.73%	-2.58%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	-7.62%	—	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.29%	-0.30%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.09%	+0.04%

Volatility

ASDIX vs. TRSTX - Volatility Comparison

AAM/HIMCO Short Duration Fund (ASDIX) and T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX) have volatilities of 0.38% and 0.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASDIX	TRSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	0.37%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	0.78%	1.14%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	1.14%	1.54%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	1.65%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.42%	1.62%	-0.20%

ASDIX vs. TRSTX - Expense Ratio Comparison

ASDIX has a 0.56% expense ratio, which is higher than TRSTX's 0.20% expense ratio.

Dividends

ASDIX vs. TRSTX - Dividend Comparison

ASDIX's dividend yield for the trailing twelve months is around 3.98%, less than TRSTX's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASDIX AAM/HIMCO Short Duration Fund	3.98%	3.11%	3.69%	3.48%	2.01%	0.99%	1.70%	2.80%	2.50%	2.06%	2.40%	2.05%
TRSTX T. Rowe Price Ultra Short-Term Bond Fund Class I	4.59%	4.79%	5.19%	3.46%	1.61%	1.28%	1.94%	2.78%	1.98%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASDIX and TRSTX in my portfolio?

ASDIX and TRSTX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASDIX or TRSTX?

ASDIX has higher volatility (0.38%) compared to TRSTX (0.37%). In terms of maximum drawdown, ASDIX dropped -7.62% vs TRSTX's -4.34%.

Which has better risk-adjusted returns?

ASDIX currently has the higher Sharpe Ratio (3.59 vs 3.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.