MUIIX vs. PSYPX
Compare and contrast key facts about Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) and Palmer Square Income Plus Fund (PSYPX).
MUIIX is managed by Morgan Stanley. It was launched on Apr 28, 2016. PSYPX is managed by Palmer Square. It was launched on Feb 28, 2014.
Performance
MUIIX vs. PSYPX - Performance Comparison
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MUIIX vs. PSYPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MUIIX Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 0.52% | 4.47% | 4.94% | 4.17% | 1.10% | 0.10% | 0.49% |
PSYPX Palmer Square Income Plus Fund | -0.59% | 3.88% | 5.40% | 7.40% | -0.77% | 1.17% | 12.25% |
Returns By Period
In the year-to-date period, MUIIX achieves a 0.52% return, which is significantly higher than PSYPX's -0.59% return.
MUIIX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.55%
- 1Y
- 3.82%
- 3Y*
- 4.27%
- 5Y*
- 3.04%
- 10Y*
- —
PSYPX
- 1D
- 0.10%
- 1M
- -1.28%
- YTD
- -0.59%
- 6M
- 0.46%
- 1Y
- 3.27%
- 3Y*
- 4.79%
- 5Y*
- 3.17%
- 10Y*
- 4.05%
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MUIIX vs. PSYPX - Expense Ratio Comparison
MUIIX has a 0.35% expense ratio, which is lower than PSYPX's 0.75% expense ratio.
Return for Risk
MUIIX vs. PSYPX — Risk / Return Rank
MUIIX
PSYPX
MUIIX vs. PSYPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) and Palmer Square Income Plus Fund (PSYPX). 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.
| MUIIX | PSYPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.42 | 2.41 | +1.01 |
Sortino ratioReturn per unit of downside risk | 18.58 | 2.83 | +15.75 |
Omega ratioGain probability vs. loss probability | 9.29 | 2.08 | +7.21 |
Calmar ratioReturn relative to maximum drawdown | 42.24 | 1.34 | +40.90 |
Martin ratioReturn relative to average drawdown | 89.61 | 4.64 | +84.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MUIIX | PSYPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.42 | 2.41 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.94 | 1.77 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.83 | 1.48 | +0.35 |
Correlation
The correlation between MUIIX and PSYPX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MUIIX vs. PSYPX - Dividend Comparison
MUIIX's dividend yield for the trailing twelve months is around 3.85%, more than PSYPX's 3.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUIIX Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 3.85% | 4.36% | 4.81% | 3.88% | 1.20% | 0.10% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSYPX Palmer Square Income Plus Fund | 3.35% | 3.33% | 4.16% | 4.05% | 3.23% | 1.27% | 2.08% | 3.11% | 2.84% | 2.53% | 4.26% | 3.25% |
Drawdowns
MUIIX vs. PSYPX - Drawdown Comparison
The maximum MUIIX drawdown since its inception was -1.20%, smaller than the maximum PSYPX drawdown of -11.43%. Use the drawdown chart below to compare losses from any high point for MUIIX and PSYPX.
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Drawdown Indicators
| MUIIX | PSYPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.20% | -11.43% | +10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -1.38% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -1.20% | -3.15% | +1.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.43% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.28% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.71% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.48% | -0.43% |
Volatility
MUIIX vs. PSYPX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) is 0.10%, while Palmer Square Income Plus Fund (PSYPX) has a volatility of 1.12%. This indicates that MUIIX experiences smaller price fluctuations and is considered to be less risky than PSYPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUIIX | PSYPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.12% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 1.25% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 1.49% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 1.83% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 2.08% | -0.64% |