BUSIX vs. FAPGX

Last updated Jun 4, 2026

BUSIX (Sterling Capital Ultra Short Bond Fund) and FAPGX (Fidelity Sustainable Low Duration Bond) are both Ultrashort Bond funds. At a 0.40 correlation, their price movements are largely independent. BUSIX charges 0.27%/yr vs 0.25%/yr for FAPGX.

Performance

BUSIX vs. FAPGX - Performance Comparison

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

Returns By Period

BUSIX

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

FAPGX

• 1D: 0.00%
• 1M: 0.26%
• YTD: 1.39%
• 6M: 1.75%
• 1Y: 4.11%
• 3Y*: 4.91%
• 5Y*: —
• 10Y*: —

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

BUSIX vs. FAPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BUSIX Sterling Capital Ultra Short Bond Fund	0.83%	4.93%	5.87%	5.09%	1.17%
FAPGX Fidelity Sustainable Low Duration Bond	1.39%	4.57%	5.32%	5.28%	0.57%

Correlation

The correlation between BUSIX and FAPGX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Apr 14, 2022	0.40

Return for Risk

BUSIX vs. FAPGX — Risk / Return Rank

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

FAPGX

FAPGX Risk / Return Rank: 99
FAPGX Sharpe Ratio Rank: 97
FAPGX Sortino Ratio Rank: 99
FAPGX Omega Ratio Rank: 99
FAPGX Calmar Ratio Rank: 99
FAPGX 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. FAPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Ultra Short Bond Fund (BUSIX) and Fidelity Sustainable Low Duration Bond (FAPGX). 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	FAPGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	3.88	—

Drawdowns

Drawdown Indicators

	BUSIX	FAPGX	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.49%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.39%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.06%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.06%	—

Volatility

Volatility by Period

	BUSIX	FAPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.12%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.07%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.07%	—

BUSIX vs. FAPGX - Expense Ratio Comparison

BUSIX has a 0.27% expense ratio, which is higher than FAPGX's 0.25% 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. FAPGX - Dividend Comparison

BUSIX's dividend yield for the trailing twelve months is around 3.19%, less than FAPGX's 4.63% 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%
FAPGX Fidelity Sustainable Low Duration Bond	4.63%	4.40%	4.81%	3.44%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUSIX and FAPGX in my portfolio?

BUSIX and FAPGX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.