BUSIX vs. UGSDX

Last updated Jun 25, 2026

BUSIX (Sterling Capital Ultra Short Bond Fund) and UGSDX (U.S. Global Investors U.S. Government Ultra-Short Bond Fund) are both Ultrashort Bond funds. At a 0.22 correlation, their price movements are largely independent. BUSIX charges 0.27%/yr vs 1.06%/yr for UGSDX.

Performance

BUSIX vs. UGSDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sterling Capital Ultra Short Bond Fund (BUSIX) and U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BUSIX

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

UGSDX

• 1D: 0.00%
• 1M: 0.25%
• YTD: 1.32%
• 6M: 1.63%
• 1Y: 3.51%
• 3Y*: 3.95%
• 5Y*: 2.30%
• 10Y*: 1.57%

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

BUSIX vs. UGSDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BUSIX Sterling Capital Ultra Short Bond Fund	0.83%	4.93%	5.87%	5.09%	0.32%	0.31%	2.16%	3.27%	1.66%	1.37%
UGSDX U.S. Global Investors U.S. Government Ultra-Short Bond Fund	1.32%	3.93%	4.31%	4.15%	-1.66%	-0.44%	0.32%	1.49%	1.18%	1.49%

Correlation

The correlation between BUSIX and UGSDX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 6, 2014	0.22

Over the past year, BUSIX and UGSDX have become more correlated (0.52) than their long-term average of 0.22, meaning their price movements have been converging.

Return for Risk

BUSIX vs. UGSDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sterling Capital Ultra Short Bond Fund (BUSIX) and U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX). 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	UGSDX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.60	—
Sortino ratio: Return per unit of downside risk	—	—	—
Omega ratio: Gain probability vs. loss probability	—	—	—
Calmar ratio: Return relative to maximum drawdown	—	—	—
Martin ratio: Return relative to average drawdown	—	—	—

Drawdowns

Drawdown Indicators

	BUSIX	UGSDX	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.83%	—
Max Drawdown (1Y) Largest decline over 1 year	—	0.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-2.83%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.29%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	BUSIX	UGSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.98%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.80%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.52%	—

BUSIX vs. UGSDX - Expense Ratio Comparison

BUSIX has a 0.27% expense ratio, which is lower than UGSDX's 1.06% expense ratio.

Dividends

BUSIX vs. UGSDX - Dividend Comparison

BUSIX's dividend yield for the trailing twelve months is around 3.19%, less than UGSDX's 3.45% 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%
UGSDX U.S. Global Investors U.S. Government Ultra-Short Bond Fund	3.45%	3.85%	4.23%	3.55%	0.87%	0.06%	0.32%	1.48%	1.17%	1.48%	0.44%	0.44%

Frequently Asked Questions

Can I hold both BUSIX and UGSDX in my portfolio?

BUSIX and UGSDX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.