CMGUX vs. BUBSX
CMGUX (Columbia Ultra Short Term Bond Fund) and BUBSX (Baird Ultra Short Bond Fund) are both Ultrashort Bond funds. Over the past 10 years, CMGUX returned 2.71%/yr vs 2.55%/yr for BUBSX. Their 0.17 correlation means their historical movements had little consistent relationship. CMGUX charges 0.25%/yr vs 0.40%/yr for BUBSX.
Performance
CMGUX vs. BUBSX - Performance Comparison
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Returns By Period
In the year-to-date period, CMGUX achieves a 1.92% return, which is significantly lower than BUBSX's 2.04% return. Over the past 10 years, CMGUX has outperformed BUBSX with an annualized return of 2.71%, while BUBSX has yielded a comparatively lower 2.55% annualized return.
CMGUX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.56%
- YTD
- 1.92%
- 1Y
- 3.92%
- 3Y*
- 4.88%
- 5Y*
- 3.71%
- 10Y*
- 2.71%
- ALL TIME*
- 2.09%
BUBSX
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 1.75%
- YTD
- 2.04%
- 1Y
- 3.92%
- 3Y*
- 4.85%
- 5Y*
- 3.59%
- 10Y*
- 2.55%
- ALL TIME*
- 2.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CMGUX vs. BUBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMGUX Columbia Ultra Short Term Bond Fund | 1.92% | 4.89% | 5.31% | 5.88% | 0.79% | 0.17% | 1.78% | 2.99% | 1.90% | 1.36% |
BUBSX Baird Ultra Short Bond Fund | 2.04% | 4.53% | 5.47% | 5.43% | 0.70% | -0.05% | 1.66% | 2.87% | 1.61% | 1.05% |
Correlation
The correlation between CMGUX and BUBSX is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.17 |
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Return for Risk
CMGUX vs. BUBSX — Risk / Return Rank
CMGUX
BUBSX
CMGUX vs. BUBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Ultra Short Term Bond Fund (CMGUX) and Baird Ultra Short Bond Fund (BUBSX). 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.
| CMGUX | BUBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -7.06 | ||
| Omega ratioGain probability vs. loss probability | 3.89 | 8.54 | -4.65 |
| Calmar ratioReturn relative to maximum drawdown | 20.68 | 40.96 | -20.28 |
| Martin ratioReturn relative to average drawdown | 71.95 | 261.66 | -189.72 |
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Drawdowns
CMGUX vs. BUBSX - Drawdown Comparison
The maximum CMGUX drawdown since its inception was -3.09%, which is greater than BUBSX's maximum drawdown of -1.88%. Use the drawdown chart below to compare losses from any high point for CMGUX and BUBSX.
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Drawdown Indicators
| CMGUX | BUBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.09% | -1.88% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.22% | -0.10% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -0.32% | -0.29% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -0.95% | -0.79% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -3.09% | -1.88% | -1.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.13% | -0.07% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.02% | +0.04% |
Volatility
CMGUX vs. BUBSX - Volatility Comparison
Columbia Ultra Short Term Bond Fund (CMGUX) has a higher volatility of 0.22% compared to Baird Ultra Short Bond Fund (BUBSX) at 0.16%. This indicates that CMGUX's price experiences larger fluctuations and is considered to be riskier than BUBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMGUX | BUBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.16% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 0.47% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 0.65% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.29% | 0.77% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 0.70% | +0.42% |
CMGUX vs. BUBSX - Expense Ratio Comparison
CMGUX has a 0.25% expense ratio, which is lower than BUBSX's 0.40% expense ratio.
Dividends
CMGUX vs. BUBSX - Dividend Comparison
CMGUX's dividend yield for the trailing twelve months is around 3.95%, which matches BUBSX's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUBSX Baird Ultra Short Bond Fund | 3.95% | 4.24% | 5.04% | 4.39% | 1.29% | 0.25% | 1.14% | 2.33% | 1.90% | 1.04% | 0.81% | 0.56% |
CMGUX Columbia Ultra Short Term Bond Fund | 3.95% | 4.65% | 4.07% | 3.46% | 1.34% | 0.61% | 1.53% | 2.50% | 1.99% | 1.24% | 0.87% | 0.50% |
Frequently Asked Questions
CMGUX and BUBSX 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.
CMGUX has higher volatility (0.22%) compared to BUBSX (0.16%). In terms of maximum drawdown, CMGUX dropped -3.09% vs BUBSX's -1.88%.
BUBSX currently has the higher Sharpe Ratio (6.25 vs 3.21), 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.
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