BUSIX vs. AOUIX

Last updated Jun 23, 2026

BUSIX (Sterling Capital Ultra Short Bond Fund) and AOUIX (Angel Oak UltraShort Income Fund) are both Ultrashort Bond funds. At a 0.38 correlation, their price movements are largely independent. BUSIX charges 0.27%/yr vs 0.53%/yr for AOUIX.

Performance

BUSIX vs. AOUIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Ultra Short Bond Fund (BUSIX) and Angel Oak UltraShort Income Fund (AOUIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BUSIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AOUIX

• 1D: 0.00%
• 1M: 0.38%
• YTD: 1.51%
• 6M: 2.05%
• 1Y: 4.91%
• 3Y*: 5.94%
• 5Y*: 3.26%
• 10Y*: —

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

BUSIX vs. AOUIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BUSIX Sterling Capital Ultra Short Bond Fund	0.83%	4.93%	5.87%	5.09%	0.32%	0.31%	2.16%	3.27%	1.63%
AOUIX Angel Oak UltraShort Income Fund	1.51%	5.63%	7.06%	6.21%	-4.11%	0.97%	1.99%	4.07%	2.25%

Correlation

The correlation between BUSIX and AOUIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 2, 2018	0.38

Return for Risk

BUSIX vs. AOUIX — Risk / Return Rank

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

BUSIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AOUIX

AOUIX Risk / Return Rank: 98
AOUIX Sharpe Ratio Rank: 95
AOUIX Sortino Ratio Rank: 99
AOUIX Omega Ratio Rank: 99
AOUIX Calmar Ratio Rank: 99
AOUIX 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.

BUSIX vs. AOUIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Ultra Short Bond Fund (BUSIX) and Angel Oak UltraShort Income Fund (AOUIX). 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.

	BUSIX	AOUIX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.10	—
Sortino ratio: Return per unit of downside risk	—	9.52	—
Omega ratio: Gain probability vs. loss probability	—	2.90	—
Calmar ratio: Return relative to maximum drawdown	—	12.19	—
Martin ratio: Return relative to average drawdown	—	53.94	—

Drawdowns

Drawdown Indicators

	BUSIX	AOUIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-7.38%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-4.53%	—
Current Drawdown Current decline from peak	—	-0.10%	—
Average Drawdown Average peak-to-trough decline	—	-0.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.09%	—

Volatility

Volatility by Period

	BUSIX	AOUIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.53%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.93%	—

BUSIX vs. AOUIX - Expense Ratio Comparison

BUSIX has a 0.27% expense ratio, which is lower than AOUIX's 0.53% expense ratio.

Dividends

BUSIX vs. AOUIX - Dividend Comparison

BUSIX's dividend yield for the trailing twelve months is around 3.19%, less than AOUIX's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOUIX Angel Oak UltraShort Income Fund	4.80%	5.05%	5.36%	3.69%	1.48%	1.37%	2.24%	3.08%	2.12%	0.00%	0.00%	0.00%
BUSIX Sterling Capital Ultra Short Bond Fund	3.19%	4.29%	4.65%	3.48%	1.87%	1.24%	1.72%	2.60%	2.05%	1.57%	1.74%	1.36%

Frequently Asked Questions

Can I hold both BUSIX and AOUIX in my portfolio?

BUSIX and AOUIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.