BUSIX vs. CUTAX

Last updated Jun 4, 2026

BUSIX (Sterling Capital Ultra Short Bond Fund) and CUTAX (Six Circles Tax Aware Ultra Short Duration Fund) are both Ultrashort Bond funds. At a 0.16 correlation, their price movements are largely independent. BUSIX charges 0.27%/yr vs 0.15%/yr for CUTAX.

Performance

BUSIX vs. CUTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Ultra Short Bond Fund (BUSIX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BUSIX

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

CUTAX

• 1D: 0.20%
• 1M: 0.74%
• YTD: 1.44%
• 6M: 1.76%
• 1Y: 3.64%
• 3Y*: 3.88%
• 5Y*: 2.35%
• 10Y*: —

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

BUSIX vs. CUTAX - 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%	1.04%
CUTAX Six Circles Tax Aware Ultra Short Duration Fund	1.44%	3.69%	3.74%	3.86%	-0.79%	0.02%	1.79%	0.49%	-0.20%

Correlation

The correlation between BUSIX and CUTAX is -0.00, 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	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 10, 2018	0.16

The correlation between BUSIX and CUTAX shifts across timeframes, from -0.00 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BUSIX vs. CUTAX — Risk / Return Rank

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

CUTAX

CUTAX Risk / Return Rank: 98
CUTAX Sharpe Ratio Rank: 97
CUTAX Sortino Ratio Rank: 98
CUTAX Omega Ratio Rank: 99
CUTAX Calmar Ratio Rank: 96
CUTAX Martin Ratio Rank: 98

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. CUTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Ultra Short Bond Fund (BUSIX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX). 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.

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

Sharpe Ratios by Period

	BUSIX	CUTAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.77	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.87	—

Drawdowns

Drawdown Indicators

	BUSIX	CUTAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.79%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.61%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.73%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.21%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.10%	—

Volatility

Volatility by Period

	BUSIX	CUTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.98%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.95%	—

BUSIX vs. CUTAX - Expense Ratio Comparison

BUSIX has a 0.27% expense ratio, which is higher than CUTAX's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BUSIX vs. CUTAX - Dividend Comparison

BUSIX's dividend yield for the trailing twelve months is around 3.19%, more than CUTAX's 3.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
CUTAX Six Circles Tax Aware Ultra Short Duration Fund	3.07%	3.22%	3.47%	2.86%	1.14%	0.52%	1.38%	0.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUSIX and CUTAX in my portfolio?

BUSIX and CUTAX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.