FAUDX vs. BUSIX

Last updated Jun 24, 2026

FAUDX (Strategic Advisers Short Duration 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. FAUDX charges 0.26%/yr vs 0.27%/yr for BUSIX.

Performance

FAUDX vs. BUSIX - Performance Comparison

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

Returns By Period

FAUDX

• 1D: -0.10%
• 1M: 0.14%
• YTD: 0.08%
• 6M: -0.01%
• 1Y: 2.24%
• 3Y*: 3.99%
• 5Y*: 2.48%
• 10Y*: 21.19%

BUSIX

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

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

FAUDX vs. BUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAUDX Strategic Advisers Short Duration Fund	0.08%	3.89%	4.75%	5.45%	-1.41%	-0.06%	2.40%	468.65%	1.30%	1.65%
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 FAUDX and BUSIX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.40

Over the past year, the correlation between FAUDX and BUSIX has dropped to 0.17 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

FAUDX vs. BUSIX — Risk / Return Rank

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

FAUDX

FAUDX Risk / Return Rank: 58
FAUDX Sharpe Ratio Rank: 38
FAUDX Sortino Ratio Rank: 65
FAUDX Omega Ratio Rank: 79
FAUDX Calmar Ratio Rank: 51
FAUDX Martin Ratio Rank: 57

BUSIX

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

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.

FAUDX vs. BUSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Short Duration Fund (FAUDX) 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.

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.

	FAUDX	BUSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	3.07	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	2.63	—	—
Martin ratio: Return relative to average drawdown	10.90	—	—

Drawdowns

Drawdown Indicators

	FAUDX	BUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.86%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-3.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-3.86%	—	—
Current Drawdown Current decline from peak	-0.30%	—	—
Average Drawdown Average peak-to-trough decline	-0.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	FAUDX	BUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.61%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.33%	—	—

FAUDX vs. BUSIX - Expense Ratio Comparison

FAUDX has a 0.26% 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

FAUDX vs. BUSIX - Dividend Comparison

FAUDX's dividend yield for the trailing twelve months is around 3.24%, 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%
FAUDX Strategic Advisers Short Duration Fund	3.24%	3.62%	4.03%	3.85%	1.50%	0.63%	1.48%	131.91%	2.30%	1.44%	1.40%	0.91%

Frequently Asked Questions

Can I hold both FAUDX and BUSIX in my portfolio?

FAUDX and BUSIX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.