NUSFX vs. FULBX
NUSFX (Northern Ultra-Short Fixed Income Fund) and FULBX (Federated Hermes Ultra Short Bond Fund) are both Ultrashort Bond funds. Over the past 10 years, NUSFX returned 2.31%/yr vs 2.45%/yr for FULBX. At a 0.24 correlation, their price movements are largely independent. NUSFX charges 0.28%/yr vs 0.47%/yr for FULBX.
Performance
NUSFX vs. FULBX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NUSFX achieves a 1.14% return, which is significantly lower than FULBX's 1.29% return. Over the past 10 years, NUSFX has underperformed FULBX with an annualized return of 2.31%, while FULBX has yielded a comparatively higher 2.45% annualized return.
NUSFX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.14%
- 6M
- 1.14%
- 1Y
- 3.73%
- 3Y*
- 4.42%
- 5Y*
- 2.74%
- 10Y*
- 2.31%
FULBX
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.29%
- 6M
- 1.79%
- 1Y
- 4.71%
- 3Y*
- 5.06%
- 5Y*
- 3.12%
- 10Y*
- 2.45%
NUSFX vs. FULBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUSFX Northern Ultra-Short Fixed Income Fund | 1.14% | 4.27% | 5.22% | 5.21% | -1.59% | -0.17% | 2.34% | 3.68% | 1.51% | 1.53% |
FULBX Federated Hermes Ultra Short Bond Fund | 1.29% | 5.50% | 5.35% | 5.15% | -1.31% | 0.02% | 2.29% | 3.32% | 1.24% | 1.37% |
Correlation
The correlation between NUSFX and FULBX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2009 | 0.24 |
The correlation between NUSFX and FULBX shifts across timeframes, from 0.14 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NUSFX vs. FULBX — Risk / Return Rank
NUSFX
FULBX
NUSFX vs. FULBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Ultra-Short Fixed Income Fund (NUSFX) and Federated Hermes Ultra Short Bond Fund (FULBX). 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.
| NUSFX | FULBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 3.49 | 2.48 | +1.01 |
| Calmar ratioReturn relative to maximum drawdown | 10.91 | 8.82 | +2.09 |
| Martin ratioReturn relative to average drawdown | 39.70 | 40.60 | -0.90 |
Loading charts...
Drawdowns
NUSFX vs. FULBX - Drawdown Comparison
The maximum NUSFX drawdown since its inception was -3.88%, smaller than the maximum FULBX drawdown of -5.43%. Use the drawdown chart below to compare losses from any high point for NUSFX and FULBX.
Loading charts...
Drawdown Indicators
| NUSFX | FULBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.88% | -5.43% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -0.54% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -0.87% | -0.54% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -3.35% | -2.60% | -0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -3.88% | -4.67% | +0.79% |
Current DrawdownCurrent decline from peak | -0.10% | -0.11% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -0.80% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.12% | -0.01% |
Volatility
NUSFX vs. FULBX - Volatility Comparison
Northern Ultra-Short Fixed Income Fund (NUSFX) has a higher volatility of 0.50% compared to Federated Hermes Ultra Short Bond Fund (FULBX) at 0.45%. This indicates that NUSFX's price experiences larger fluctuations and is considered to be riskier than FULBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NUSFX | FULBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.45% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 1.17% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 1.59% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.32% | 1.38% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.22% | 1.26% | -0.04% |
NUSFX vs. FULBX - Expense Ratio Comparison
NUSFX has a 0.28% expense ratio, which is lower than FULBX's 0.47% expense ratio.
Dividends
NUSFX vs. FULBX - Dividend Comparison
NUSFX's dividend yield for the trailing twelve months is around 3.76%, less than FULBX's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FULBX Federated Hermes Ultra Short Bond Fund | 4.60% | 4.79% | 3.99% | 2.67% | 1.00% | 0.56% | 1.49% | 2.16% | 1.90% | 1.25% | 0.84% | 0.64% |
NUSFX Northern Ultra-Short Fixed Income Fund | 3.76% | 3.78% | 4.09% | 2.86% | 0.97% | 0.71% | 1.52% | 2.42% | 2.09% | 1.42% | 1.07% | 0.85% |
Frequently Asked Questions
NUSFX and FULBX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUSFX has higher volatility (0.50%) compared to FULBX (0.45%). In terms of maximum drawdown, NUSFX dropped -3.88% vs FULBX's -5.43%.
NUSFX currently has the higher Sharpe Ratio (3.07 vs 2.97), 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.
Find the right allocation for NUSFX and FULBX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer