NUSFX vs. PIASX
Compare and contrast key facts about Northern Ultra-Short Fixed Income Fund (NUSFX) and PIA Short Term Securities Fund (PIASX).
NUSFX is managed by Northern Funds. It was launched on Jun 18, 2009. PIASX is managed by PIA Mutual Funds. It was launched on Apr 29, 1994.
Performance
NUSFX vs. PIASX - Performance Comparison
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NUSFX vs. PIASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NUSFX Northern Ultra-Short Fixed Income Fund | 0.75% | 4.27% | 5.22% | 5.21% | -1.59% | -0.17% | 2.34% | 3.68% | 1.51% | 1.53% |
PIASX PIA Short Term Securities Fund | 0.13% | 5.09% | 5.22% | 5.62% | -1.09% | -0.02% | 1.85% | 3.16% | 1.20% | 0.95% |
Returns By Period
In the year-to-date period, NUSFX achieves a 0.75% return, which is significantly higher than PIASX's 0.13% return. Both investments have delivered pretty close results over the past 10 years, with NUSFX having a 2.35% annualized return and PIASX not far behind at 2.28%.
NUSFX
- 1D
- 0.00%
- 1M
- -0.06%
- YTD
- 0.75%
- 6M
- 1.81%
- 1Y
- 4.46%
- 3Y*
- 4.67%
- 5Y*
- 2.70%
- 10Y*
- 2.35%
PIASX
- 1D
- 0.10%
- 1M
- -0.60%
- YTD
- 0.13%
- 6M
- 1.19%
- 1Y
- 3.96%
- 3Y*
- 5.00%
- 5Y*
- 2.93%
- 10Y*
- 2.28%
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NUSFX vs. PIASX - Expense Ratio Comparison
NUSFX has a 0.28% expense ratio, which is lower than PIASX's 0.39% expense ratio.
Return for Risk
NUSFX vs. PIASX — Risk / Return Rank
NUSFX
PIASX
NUSFX vs. PIASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Ultra-Short Fixed Income Fund (NUSFX) and PIA Short Term Securities Fund (PIASX). 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.
| NUSFX | PIASX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.92 | 3.56 | -0.64 |
Sortino ratioReturn per unit of downside risk | 6.61 | 5.64 | +0.96 |
Omega ratioGain probability vs. loss probability | 2.81 | 2.19 | +0.61 |
Calmar ratioReturn relative to maximum drawdown | 5.12 | 5.84 | -0.72 |
Martin ratioReturn relative to average drawdown | 37.67 | 35.20 | +2.47 |
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
| NUSFX | PIASX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 3.56 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.09 | 2.68 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.95 | 2.38 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 1.90 | -0.12 |
Correlation
The correlation between NUSFX and PIASX is 0.32, 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
NUSFX vs. PIASX - Dividend Comparison
NUSFX's dividend yield for the trailing twelve months is around 4.56%, more than PIASX's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUSFX Northern Ultra-Short Fixed Income Fund | 4.56% | 3.78% | 4.09% | 2.86% | 0.97% | 0.71% | 1.52% | 2.42% | 2.09% | 1.42% | 1.07% | 0.85% |
PIASX PIA Short Term Securities Fund | 4.10% | 4.57% | 4.69% | 3.61% | 1.32% | 0.78% | 1.34% | 2.01% | 1.59% | 1.15% | 1.05% | 0.81% |
Drawdowns
NUSFX vs. PIASX - Drawdown Comparison
The maximum NUSFX drawdown since its inception was -3.88%, which is greater than PIASX's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for NUSFX and PIASX.
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Drawdown Indicators
| NUSFX | PIASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.88% | -3.28% | -0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.70% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -3.35% | -2.61% | -0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -3.88% | -2.61% | -1.27% |
Current DrawdownCurrent decline from peak | -0.10% | -0.60% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -0.25% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.12% | 0.00% |
Volatility
NUSFX vs. PIASX - Volatility Comparison
The current volatility for Northern Ultra-Short Fixed Income Fund (NUSFX) is 0.38%, while PIA Short Term Securities Fund (PIASX) has a volatility of 0.46%. This indicates that NUSFX experiences smaller price fluctuations and is considered to be less risky than PIASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NUSFX | PIASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.46% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 0.70% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 1.09% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.30% | 1.10% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.21% | 0.96% | +0.25% |