CMGUX vs. BUSIX

Last updated Jun 5, 2026

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

Performance

CMGUX vs. BUSIX - Performance Comparison

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

Returns By Period

CMGUX

• 1D: 0.00%
• 1M: 0.34%
• YTD: 1.58%
• 6M: 1.99%
• 1Y: 4.49%
• 3Y*: 5.14%
• 5Y*: 3.64%
• 10Y*: 2.69%

BUSIX

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

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

CMGUX vs. BUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMGUX Columbia Ultra Short Term Bond Fund	1.58%	4.89%	5.31%	5.88%	0.79%	0.17%	1.78%	2.99%	1.90%	1.36%
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%

Correlation

The correlation between CMGUX and BUSIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.40

The correlation between CMGUX and BUSIX shifts across timeframes, from 0.30 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

CMGUX vs. BUSIX — Risk / Return Rank

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

CMGUX

CMGUX Risk / Return Rank: 99
CMGUX Sharpe Ratio Rank: 95
CMGUX Sortino Ratio Rank: 100
CMGUX Omega Ratio Rank: 99
CMGUX Calmar Ratio Rank: 100
CMGUX Martin Ratio Rank: 100

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.

CMGUX vs. BUSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Ultra Short Term Bond Fund (CMGUX) and Sterling Capital Ultra Short Bond Fund (BUSIX). 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.

	CMGUX	BUSIX	Difference
Sharpe ratio: Return per unit of total volatility	3.30	—	—
Sortino ratio: Return per unit of downside risk	11.21	—	—
Omega ratio: Gain probability vs. loss probability	3.99	—	—
Calmar ratio: Return relative to maximum drawdown	21.44	—	—
Martin ratio: Return relative to average drawdown	83.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CMGUX	BUSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.85	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	2.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.81	—	—

Drawdowns

Drawdown Indicators

	CMGUX	BUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.09%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-3.09%	—	—
Current Drawdown Current decline from peak	-0.11%	—	—
Average Drawdown Average peak-to-trough decline	-0.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	—	—

Volatility

Volatility by Period

	CMGUX	BUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.40%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.28%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.11%	—	—

CMGUX vs. BUSIX - Expense Ratio Comparison

CMGUX has a 0.25% expense ratio, which is lower than BUSIX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CMGUX vs. BUSIX - Dividend Comparison

CMGUX's dividend yield for the trailing twelve months is around 4.39%, more than BUSIX's 3.19% 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%
CMGUX Columbia Ultra Short Term Bond Fund	4.39%	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

Can I hold both CMGUX and BUSIX in my portfolio?

CMGUX and BUSIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.