ISDB vs. MSTI

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Short Duration Bond ETF (ISDB) and Madison Short-Term Strategic Income ETF (MSTI).

ISDB and MSTI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISDB is an actively managed fund by Invesco. It was launched on Dec 5, 2022. MSTI is an actively managed fund by Madison. It was launched on Sep 5, 2023.

Performance

ISDB vs. MSTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Short Duration Bond ETF (ISDB) and Madison Short-Term Strategic Income ETF (MSTI). The values are adjusted to include any dividend payments, if applicable.

ISDB vs. MSTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ISDB Invesco Short Duration Bond ETF	0.15%	6.23%	5.35%	3.45%
MSTI Madison Short-Term Strategic Income ETF	0.25%	6.33%	4.84%	4.14%

Returns By Period

In the year-to-date period, ISDB achieves a 0.15% return, which is significantly lower than MSTI's 0.25% return.

ISDB

• 1D: 0.17%
• 1M: -0.66%
• YTD: 0.15%
• 6M: 1.63%
• 1Y: 4.84%
• 3Y*: 5.44%
• 5Y*: —
• 10Y*: —

MSTI

• 1D: 0.34%
• 1M: -0.68%
• YTD: 0.25%
• 6M: 1.49%
• 1Y: 4.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISDB vs. MSTI - Expense Ratio Comparison

ISDB has a 0.36% expense ratio, which is lower than MSTI's 0.40% expense ratio.

MSTI

Madison Short-Term Strategic Income ETF

ISDB

Invesco Short Duration Bond ETF

Return for Risk

ISDB vs. MSTI — Risk / Return Rank

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

ISDB

ISDB Risk / Return Rank: 97
ISDB Sharpe Ratio Rank: 98
ISDB Sortino Ratio Rank: 98
ISDB Omega Ratio Rank: 98
ISDB Calmar Ratio Rank: 96
ISDB Martin Ratio Rank: 97

MSTI

MSTI Risk / Return Rank: 90
MSTI Sharpe Ratio Rank: 85
MSTI Sortino Ratio Rank: 90
MSTI Omega Ratio Rank: 86
MSTI Calmar Ratio Rank: 94
MSTI Martin Ratio Rank: 94

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.

ISDB vs. MSTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Bond ETF (ISDB) and Madison Short-Term Strategic Income ETF (MSTI). 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.

	ISDB	MSTI	Difference
Sharpe ratio Return per unit of total volatility	3.34	1.73	+1.61
Sortino ratio Return per unit of downside risk	5.13	2.56	+2.56
Omega ratio Gain probability vs. loss probability	1.77	1.34	+0.43
Calmar ratio Return relative to maximum drawdown	4.30	3.65	+0.65
Martin ratio Return relative to average drawdown	19.53	14.37	+5.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISDB vs. MSTI - Sharpe Ratio Comparison

The current ISDB Sharpe Ratio is 3.34, which is higher than the MSTI Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of ISDB and MSTI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ISDB	MSTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.34	1.73	+1.61
Sharpe Ratio (All Time) Calculated using the full available price history	2.75	2.24	+0.50

Correlation

The correlation between ISDB and MSTI is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ISDB vs. MSTI - Dividend Comparison

ISDB's dividend yield for the trailing twelve months is around 4.69%, less than MSTI's 5.32% yield.

	TTM	2025	2024	2023
ISDB Invesco Short Duration Bond ETF	4.69%	4.89%	5.50%	5.20%
MSTI Madison Short-Term Strategic Income ETF	5.32%	5.40%	5.48%	1.55%

Drawdowns

ISDB vs. MSTI - Drawdown Comparison

The maximum ISDB drawdown since its inception was -1.83%, which is greater than MSTI's maximum drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for ISDB and MSTI.

Drawdown Indicators

	ISDB	MSTI	Difference
Max Drawdown Largest peak-to-trough decline	-1.83%	-1.48%	-0.35%
Max Drawdown (1Y) Largest decline over 1 year	-1.12%	-1.32%	+0.20%
Current Drawdown Current decline from peak	-0.70%	-0.69%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.26%	-0.29%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.33%	-0.08%

Volatility

ISDB vs. MSTI - Volatility Comparison

The current volatility for Invesco Short Duration Bond ETF (ISDB) is 0.77%, while Madison Short-Term Strategic Income ETF (MSTI) has a volatility of 0.92%. This indicates that ISDB experiences smaller price fluctuations and is considered to be less risky than MSTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISDB	MSTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.92%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	1.05%	1.75%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	1.46%	2.76%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.87%	2.73%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.87%	2.73%	-0.86%