MSTI vs. LDUR

Last updated Jun 5, 2026

MSTI (Madison Short-Term Strategic Income ETF) and LDUR (PIMCO Enhanced Low Duration Active ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, MSTI returned 4.10% vs 4.22% for LDUR. A 0.55 correlation means they provide meaningful diversification when combined. MSTI charges 0.40%/yr vs 0.54%/yr for LDUR.

Performance

MSTI vs. LDUR - Performance Comparison

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

Returns By Period

In the year-to-date period, MSTI achieves a 0.70% return, which is significantly lower than LDUR's 0.93% return.

MSTI

• 1D: 0.07%
• 1M: 0.14%
• YTD: 0.70%
• 6M: 1.09%
• 1Y: 4.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LDUR

• 1D: 0.02%
• 1M: 0.09%
• YTD: 0.93%
• 6M: 1.34%
• 1Y: 4.22%
• 3Y*: 5.12%
• 5Y*: 2.23%
• 10Y*: 2.44%

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

MSTI vs. LDUR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSTI Madison Short-Term Strategic Income ETF	0.70%	6.33%	4.84%	4.14%
LDUR PIMCO Enhanced Low Duration Active ETF	0.93%	5.76%	5.14%	2.87%

Correlation

The correlation between MSTI and LDUR is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 7, 2023	0.55

The correlation between MSTI and LDUR has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.

Return for Risk

MSTI vs. LDUR — Risk / Return Rank

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

MSTI

MSTI Risk / Return Rank: 58
MSTI Sharpe Ratio Rank: 50
MSTI Sortino Ratio Rank: 53
MSTI Omega Ratio Rank: 56
MSTI Calmar Ratio Rank: 64
MSTI Martin Ratio Rank: 70

LDUR

LDUR Risk / Return Rank: 88
LDUR Sharpe Ratio Rank: 85
LDUR Sortino Ratio Rank: 90
LDUR Omega Ratio Rank: 88
LDUR Calmar Ratio Rank: 84
LDUR Martin Ratio Rank: 91

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.

MSTI vs. LDUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Short-Term Strategic Income ETF (MSTI) and PIMCO Enhanced Low Duration Active ETF (LDUR). 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.

	MSTI	LDUR	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.74	-1.06
Sortino ratio: Return per unit of downside risk	2.52	4.17	-1.65
Omega ratio: Gain probability vs. loss probability	1.34	1.54	-0.20
Calmar ratio: Return relative to maximum drawdown	3.12	4.54	-1.42
Martin ratio: Return relative to average drawdown	12.92	21.98	-9.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSTI vs. LDUR - Sharpe Ratio Comparison

The current MSTI Sharpe Ratio is 1.68, which is lower than the LDUR Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of MSTI and LDUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSTI	LDUR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	2.74	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.18	0.87	+1.31

Drawdowns

MSTI vs. LDUR - Drawdown Comparison

The maximum MSTI drawdown since its inception was -1.48%, smaller than the maximum LDUR drawdown of -8.68%. Use the drawdown chart below to compare losses from any high point for MSTI and LDUR.

Drawdown Indicators

	MSTI	LDUR	Difference
Max Drawdown Largest peak-to-trough decline	-1.48%	-8.68%	+7.20%
Max Drawdown (1Y) Largest decline over 1 year	-1.32%	-0.93%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-8.68%	—
Current Drawdown Current decline from peak	-0.25%	-0.02%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.29%	-0.85%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	0.19%	+0.13%

Volatility

MSTI vs. LDUR - Volatility Comparison

Madison Short-Term Strategic Income ETF (MSTI) has a higher volatility of 0.58% compared to PIMCO Enhanced Low Duration Active ETF (LDUR) at 0.43%. This indicates that MSTI's price experiences larger fluctuations and is considered to be riskier than LDUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTI	LDUR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	0.43%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	1.61%	1.08%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	2.46%	1.55%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.71%	2.03%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.71%	2.77%	-0.06%

MSTI vs. LDUR - Expense Ratio Comparison

MSTI has a 0.40% expense ratio, which is lower than LDUR's 0.54% expense ratio.

Dividends

MSTI vs. LDUR - Dividend Comparison

MSTI's dividend yield for the trailing twelve months is around 5.33%, more than LDUR's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDUR PIMCO Enhanced Low Duration Active ETF	4.35%	4.60%	4.77%	4.11%	2.22%	0.90%	2.15%	3.14%	2.66%	2.08%	1.85%	2.92%
MSTI Madison Short-Term Strategic Income ETF	5.33%	5.40%	5.48%	1.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSTI and LDUR in my portfolio?

MSTI and LDUR have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSTI or LDUR?

MSTI has higher volatility (0.58%) compared to LDUR (0.43%). In terms of maximum drawdown, MSTI dropped -1.48% vs LDUR's -8.68%.

Which ETF is better, MSTI or LDUR?

On 1-year performance, LDUR leads with 4.22% vs 4.10% for MSTI. On fees, MSTI is cheaper at 0.40% per year. On volatility, LDUR has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTI or LDUR?

Over the 1-year period, LDUR has performed better with a 4.22% return vs 4.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTI or LDUR?

MSTI is cheaper with a 0.40% expense ratio, compared with 0.54% for LDUR.

Which ETF pays a higher dividend yield, MSTI or LDUR?

MSTI has the higher dividend yield at 5.33%, compared with 4.35% for LDUR.

What is the main difference between MSTI and LDUR?

They also come from different issuers: Madison and PIMCO. Their fees differ too: 0.40% for MSTI and 0.54% for LDUR.

Which has better risk-adjusted returns?

LDUR currently has the higher Sharpe Ratio (2.74 vs 1.68), 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.