MSTI vs. SDCP

Last updated Jun 23, 2026

MSTI (Madison Short-Term Strategic Income ETF) and SDCP (Virtus Newfleet Short Duration Core Plus Bond ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, MSTI returned 3.84% vs 4.18% for SDCP. At a 0.48 correlation, their price movements are largely independent. MSTI charges 0.40%/yr vs 0.35%/yr for SDCP.

Performance

MSTI vs. SDCP - Performance Comparison

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

Returns By Period

In the year-to-date period, MSTI achieves a 0.63% return, which is significantly lower than SDCP's 1.25% return.

MSTI

• 1D: -0.12%
• 1M: 0.24%
• YTD: 0.63%
• 6M: 1.19%
• 1Y: 3.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDCP

• 1D: -0.03%
• 1M: 0.32%
• YTD: 1.25%
• 6M: 1.41%
• 1Y: 4.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTI vs. SDCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MSTI Madison Short-Term Strategic Income ETF	0.63%	6.33%	4.84%	3.18%
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	1.25%	5.37%	5.24%	1.94%

Correlation

The correlation between MSTI and SDCP is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 16, 2023	0.48

Return for Risk

MSTI vs. SDCP — Risk / Return Rank

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

MSTI

MSTI Risk / Return Rank: 55
MSTI Sharpe Ratio Rank: 47
MSTI Sortino Ratio Rank: 49
MSTI Omega Ratio Rank: 51
MSTI Calmar Ratio Rank: 61
MSTI Martin Ratio Rank: 67

SDCP

SDCP Risk / Return Rank: 92
SDCP Sharpe Ratio Rank: 93
SDCP Sortino Ratio Rank: 95
SDCP Omega Ratio Rank: 96
SDCP Calmar Ratio Rank: 89
SDCP Martin Ratio Rank: 89

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. SDCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Short-Term Strategic Income ETF (MSTI) and Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP). 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.

	MSTI	SDCP	Difference
Sharpe ratio: Return per unit of total volatility	1.58	3.16	-1.58
Sortino ratio: Return per unit of downside risk	2.36	5.06	-2.70
Omega ratio: Gain probability vs. loss probability	1.31	1.75	-0.44
Calmar ratio: Return relative to maximum drawdown	2.93	5.09	-2.16
Martin ratio: Return relative to average drawdown	11.87	19.13	-7.26

MSTI vs. SDCP - Sharpe Ratio Comparison

The current MSTI Sharpe Ratio is 1.58, which is lower than the SDCP Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of MSTI and SDCP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSTI vs. SDCP - Drawdown Comparison

The maximum MSTI drawdown since its inception was -1.48%, which is greater than SDCP's maximum drawdown of -1.00%. Use the drawdown chart below to compare losses from any high point for MSTI and SDCP.

Drawdown Indicators

	MSTI	SDCP	Difference
Max Drawdown Largest peak-to-trough decline	-1.48%	-1.00%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.32%	-0.82%	-0.50%
Current Drawdown Current decline from peak	-0.33%	-0.11%	-0.22%
Average Drawdown Average peak-to-trough decline	-0.29%	-0.18%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	0.22%	+0.10%

Volatility

MSTI vs. SDCP - Volatility Comparison

Madison Short-Term Strategic Income ETF (MSTI) has a higher volatility of 0.49% compared to Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) at 0.27%. This indicates that MSTI's price experiences larger fluctuations and is considered to be riskier than SDCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSTI	SDCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.49%	0.27%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	1.64%	0.79%	+0.85%
Volatility (1Y) Calculated over the trailing 1-year period	2.45%	1.33%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.70%	2.03%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.70%	2.03%	+0.67%

MSTI vs. SDCP - Expense Ratio Comparison

MSTI has a 0.40% expense ratio, which is higher than SDCP's 0.35% expense ratio.

Dividends

MSTI vs. SDCP - Dividend Comparison

MSTI's dividend yield for the trailing twelve months is around 5.34%, more than SDCP's 5.22% yield.

Position	TTM	2025	2024	2023
MSTI Madison Short-Term Strategic Income ETF	5.34%	5.40%	5.48%	1.55%
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	5.22%	5.16%	5.25%	0.59%

Frequently Asked Questions

Can I hold both MSTI and SDCP in my portfolio?

MSTI and SDCP have a correlation of 0.45, 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 SDCP?

MSTI has higher volatility (0.49%) compared to SDCP (0.27%). In terms of maximum drawdown, MSTI dropped -1.48% vs SDCP's -1.00%.

Which ETF is better, MSTI or SDCP?

On 1-year performance, SDCP leads with 4.18% vs 3.84% for MSTI. On fees, SDCP is cheaper at 0.35% per year. On volatility, SDCP has been the lower-risk option at 0.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSTI or SDCP?

Over the 1-year period, SDCP has performed better with a 4.18% return vs 3.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSTI or SDCP?

SDCP is cheaper with a 0.35% expense ratio, compared with 0.40% for MSTI.

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

MSTI has the higher dividend yield at 5.34%, compared with 5.22% for SDCP.

What is the main difference between MSTI and SDCP?

They also come from different issuers: Madison and Virtus. Their fees differ too: 0.40% for MSTI and 0.35% for SDCP.

Which has better risk-adjusted returns?

SDCP currently has the higher Sharpe Ratio (3.16 vs 1.58), 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.