NUSIX vs. CUSDX

Last updated Jun 5, 2026

NUSIX (Navigator Ultra Short Term Bond Fund) and CUSDX (Six Circles Ultra Short Duration Fund) are both Ultrashort Bond funds. Over the past 5 years, NUSIX returned 3.68%/yr vs 3.01%/yr for CUSDX. At a 0.15 correlation, their price movements are largely independent. NUSIX charges 0.71%/yr vs 0.18%/yr for CUSDX.

Performance

NUSIX vs. CUSDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Navigator Ultra Short Term Bond Fund (NUSIX) and Six Circles Ultra Short Duration Fund (CUSDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUSIX achieves a 1.56% return, which is significantly higher than CUSDX's 1.42% return.

NUSIX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.56%
• 6M: 1.88%
• 1Y: 4.27%
• 3Y*: 5.04%
• 5Y*: 3.68%
• 10Y*: —

CUSDX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.42%
• 6M: 1.78%
• 1Y: 4.33%
• 3Y*: 4.77%
• 5Y*: 3.01%
• 10Y*: —

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

NUSIX vs. CUSDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NUSIX Navigator Ultra Short Term Bond Fund	1.56%	4.63%	5.54%	5.64%	1.14%	0.36%	1.49%	1.60%
CUSDX Six Circles Ultra Short Duration Fund	1.42%	3.64%	5.96%	5.13%	-0.64%	0.04%	2.06%	0.47%

Correlation

The correlation between NUSIX and CUSDX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since May 7, 2019	0.15

The correlation between NUSIX and CUSDX shifts across timeframes, from 0.05 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NUSIX vs. CUSDX — Risk / Return Rank

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

NUSIX

NUSIX Risk / Return Rank: 100
NUSIX Sharpe Ratio Rank: 100
NUSIX Sortino Ratio Rank: 100
NUSIX Omega Ratio Rank: 100
NUSIX Calmar Ratio Rank: 100
NUSIX Martin Ratio Rank: 100

CUSDX

CUSDX Risk / Return Rank: 99
CUSDX Sharpe Ratio Rank: 99
CUSDX Sortino Ratio Rank: 99
CUSDX Omega Ratio Rank: 99
CUSDX Calmar Ratio Rank: 99
CUSDX Martin Ratio Rank: 99

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.

NUSIX vs. CUSDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Navigator Ultra Short Term Bond Fund (NUSIX) and Six Circles Ultra Short Duration Fund (CUSDX). 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.

	NUSIX	CUSDX	Difference
Sharpe ratio: Return per unit of total volatility	6.91	4.80	+2.11
Sortino ratio: Return per unit of downside risk	29.02	8.49	+20.53
Omega ratio: Gain probability vs. loss probability	18.90	4.02	+14.88
Calmar ratio: Return relative to maximum drawdown	43.25	10.98	+32.28
Martin ratio: Return relative to average drawdown	337.91	57.60	+280.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUSIX vs. CUSDX - Sharpe Ratio Comparison

The current NUSIX Sharpe Ratio is 6.91, which is higher than the CUSDX Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of NUSIX and CUSDX, 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

	NUSIX	CUSDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.91	4.80	+2.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	4.83	2.98	+1.85
Sharpe Ratio (All Time) Calculated using the full available price history	3.74	2.39	+1.34

Drawdowns

NUSIX vs. CUSDX - Drawdown Comparison

The maximum NUSIX drawdown since its inception was -2.69%, which is greater than CUSDX's maximum drawdown of -1.99%. Use the drawdown chart below to compare losses from any high point for NUSIX and CUSDX.

Drawdown Indicators

	NUSIX	CUSDX	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-1.99%	-0.70%
Max Drawdown (1Y) Largest decline over 1 year	-0.10%	-0.40%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-0.10%	-0.80%	+0.70%
Max Drawdown (5Y) Largest decline over 5 years	-0.80%	-1.99%	+1.19%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.08%	-0.25%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.08%	-0.07%

Volatility

NUSIX vs. CUSDX - Volatility Comparison

The current volatility for Navigator Ultra Short Term Bond Fund (NUSIX) is 0.18%, while Six Circles Ultra Short Duration Fund (CUSDX) has a volatility of 0.23%. This indicates that NUSIX experiences smaller price fluctuations and is considered to be less risky than CUSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUSIX	CUSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.18%	0.23%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	0.43%	0.54%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	0.62%	0.91%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.77%	1.02%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.83%	0.95%	-0.12%

NUSIX vs. CUSDX - Expense Ratio Comparison

NUSIX has a 0.71% expense ratio, which is higher than CUSDX's 0.18% expense ratio.

Dividends

NUSIX vs. CUSDX - Dividend Comparison

NUSIX's dividend yield for the trailing twelve months is around 4.16%, which matches CUSDX's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CUSDX Six Circles Ultra Short Duration Fund	4.15%	3.28%	4.76%	3.25%	1.70%	0.84%	1.63%	0.67%
NUSIX Navigator Ultra Short Term Bond Fund	4.16%	4.25%	5.23%	4.92%	1.74%	0.66%	1.08%	1.99%

Frequently Asked Questions

Can I hold both NUSIX and CUSDX in my portfolio?

NUSIX and CUSDX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUSIX or CUSDX?

CUSDX has higher volatility (0.23%) compared to NUSIX (0.18%). In terms of maximum drawdown, NUSIX dropped -2.69% vs CUSDX's -1.99%.

Which has better risk-adjusted returns?

NUSIX currently has the higher Sharpe Ratio (6.91 vs 4.80), 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.