BUBSX vs. ARTFX

Last updated Jun 24, 2026

BUBSX (Baird Ultra Short Bond Fund) and ARTFX (Artisan High Income Fund) are both mutual funds - BUBSX is a Ultrashort Bond fund managed by Baird, while ARTFX is a High Yield Bonds fund managed by Artisan. Over the past 10 years, BUBSX returned 2.52%/yr vs 5.98%/yr for ARTFX. At a 0.10 correlation, their price movements are largely independent. BUBSX charges 0.40%/yr vs 0.96%/yr for ARTFX.

Performance

BUBSX vs. ARTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Ultra Short Bond Fund (BUBSX) and Artisan High Income Fund (ARTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUBSX achieves a 1.61% return, which is significantly higher than ARTFX's 0.88% return. Over the past 10 years, BUBSX has underperformed ARTFX with an annualized return of 2.52%, while ARTFX has yielded a comparatively higher 5.98% annualized return.

BUBSX

• 1D: 0.00%
• 1M: 0.33%
• YTD: 1.61%
• 6M: 1.65%
• 1Y: 4.01%
• 3Y*: 4.92%
• 5Y*: 3.51%
• 10Y*: 2.52%

ARTFX

• 1D: 0.00%
• 1M: 0.70%
• YTD: 0.88%
• 6M: 1.47%
• 1Y: 5.19%
• 3Y*: 8.43%
• 5Y*: 3.49%
• 10Y*: 5.98%

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

BUBSX vs. ARTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BUBSX Baird Ultra Short Bond Fund	1.61%	4.53%	5.47%	5.43%	0.70%	-0.05%	1.66%	2.87%	1.61%	1.05%
ARTFX Artisan High Income Fund	0.88%	8.02%	7.76%	13.61%	-10.66%	3.79%	9.45%	14.04%	-1.66%	8.84%

Correlation

The correlation between BUBSX and ARTFX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 21, 2014	0.10

Return for Risk

BUBSX vs. ARTFX — Risk / Return Rank

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

BUBSX

BUBSX Risk / Return Rank: 100
BUBSX Sharpe Ratio Rank: 100
BUBSX Sortino Ratio Rank: 100
BUBSX Omega Ratio Rank: 100
BUBSX Calmar Ratio Rank: 100
BUBSX Martin Ratio Rank: 100

ARTFX

ARTFX Risk / Return Rank: 54
ARTFX Sharpe Ratio Rank: 46
ARTFX Sortino Ratio Rank: 78
ARTFX Omega Ratio Rank: 69
ARTFX Calmar Ratio Rank: 32
ARTFX Martin Ratio Rank: 46

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.

BUBSX vs. ARTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Ultra Short Bond Fund (BUBSX) and Artisan High Income Fund (ARTFX). 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.

	BUBSX	ARTFX	Difference
Sharpe ratio: Return per unit of total volatility	6.21	1.83	+4.37
Sortino ratio: Return per unit of downside risk	17.60	3.39	+14.21
Omega ratio: Gain probability vs. loss probability	8.03	1.42	+6.61
Calmar ratio: Return relative to maximum drawdown	40.89	2.02	+38.87
Martin ratio: Return relative to average drawdown	249.94	9.01	+240.92

BUBSX vs. ARTFX - Sharpe Ratio Comparison

The current BUBSX Sharpe Ratio is 6.21, which is higher than the ARTFX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of BUBSX and ARTFX, 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

BUBSX vs. ARTFX - Drawdown Comparison

The maximum BUBSX drawdown since its inception was -1.88%, smaller than the maximum ARTFX drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for BUBSX and ARTFX.

Drawdown Indicators

	BUBSX	ARTFX	Difference
Max Drawdown Largest peak-to-trough decline	-1.88%	-21.42%	+19.54%
Max Drawdown (1Y) Largest decline over 1 year	-0.10%	-2.65%	+2.55%
Max Drawdown (3Y) Largest decline over 3 years	-0.29%	-3.42%	+3.13%
Max Drawdown (5Y) Largest decline over 5 years	-0.79%	-14.62%	+13.83%
Max Drawdown (10Y) Largest decline over 10 years	-1.88%	-21.42%	+19.54%
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-0.07%	-2.20%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.59%	-0.57%

Volatility

BUBSX vs. ARTFX - Volatility Comparison

The current volatility for Baird Ultra Short Bond Fund (BUBSX) is 0.26%, while Artisan High Income Fund (ARTFX) has a volatility of 0.78%. This indicates that BUBSX experiences smaller price fluctuations and is considered to be less risky than ARTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUBSX	ARTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	0.78%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	0.47%	2.35%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	0.65%	2.92%	-2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.76%	4.86%	-4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.71%	5.19%	-4.48%

BUBSX vs. ARTFX - Expense Ratio Comparison

BUBSX has a 0.40% expense ratio, which is lower than ARTFX's 0.96% expense ratio.

Dividends

BUBSX vs. ARTFX - Dividend Comparison

BUBSX's dividend yield for the trailing twelve months is around 4.03%, less than ARTFX's 6.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARTFX Artisan High Income Fund	6.91%	6.71%	6.52%	5.43%	6.23%	5.21%	5.33%	6.15%	6.99%	7.75%	6.53%	7.28%
BUBSX Baird Ultra Short Bond Fund	4.03%	4.24%	5.04%	4.39%	1.29%	0.25%	1.14%	2.33%	1.90%	1.04%	0.81%	0.56%

Frequently Asked Questions

Can I hold both BUBSX and ARTFX in my portfolio?

BUBSX and ARTFX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUBSX or ARTFX?

ARTFX has higher volatility (0.78%) compared to BUBSX (0.26%). In terms of maximum drawdown, BUBSX dropped -1.88% vs ARTFX's -21.42%.

Which has better risk-adjusted returns?

BUBSX currently has the higher Sharpe Ratio (6.21 vs 1.83), 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.