PSDSX vs. BUSIX
Compare and contrast key facts about Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) and Sterling Capital Ultra Short Bond Fund (BUSIX).
PSDSX is managed by Palmer Square. It was launched on Oct 7, 2016. BUSIX is managed by Sterling Capital. It was launched on Nov 30, 2012.
Performance
PSDSX vs. BUSIX - Performance Comparison
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PSDSX vs. BUSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSDSX Palmer Square Ultra-Short Duration Investment Grade Fund | 0.00% | 3.67% | 4.43% | 4.69% | -0.28% | 0.05% | 1.59% | 3.00% | 1.84% | 1.51% |
BUSIX Sterling Capital Ultra Short Bond Fund | 0.83% | 4.93% | 5.87% | 5.09% | 0.32% | 0.31% | 2.16% | 3.27% | 1.66% | 1.37% |
Returns By Period
PSDSX
- 1D
- 0.05%
- 1M
- -0.65%
- YTD
- 0.00%
- 6M
- 1.04%
- 1Y
- 3.46%
- 3Y*
- 3.84%
- 5Y*
- 2.48%
- 10Y*
- —
BUSIX
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.83%
- 6M
- 1.93%
- 1Y
- 4.56%
- 3Y*
- 5.24%
- 5Y*
- 3.45%
- 10Y*
- 2.68%
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PSDSX vs. BUSIX - Expense Ratio Comparison
PSDSX has a 0.53% expense ratio, which is higher than BUSIX's 0.27% expense ratio.
Return for Risk
PSDSX vs. BUSIX — Risk / Return Rank
PSDSX
BUSIX
PSDSX vs. BUSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) and Sterling Capital Ultra Short Bond Fund (BUSIX). 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.
| PSDSX | BUSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.95 | 3.78 | +0.17 |
Sortino ratioReturn per unit of downside risk | 4.41 | 13.61 | -9.20 |
Omega ratioGain probability vs. loss probability | 3.73 | 5.42 | -1.69 |
Calmar ratioReturn relative to maximum drawdown | 3.16 | 16.23 | -13.06 |
Martin ratioReturn relative to average drawdown | 10.45 | 104.01 | -93.57 |
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
| PSDSX | BUSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.95 | 3.78 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.89 | 2.81 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.04 | 2.10 | -0.06 |
Correlation
The correlation between PSDSX and BUSIX is 0.26, 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
PSDSX vs. BUSIX - Dividend Comparison
PSDSX's dividend yield for the trailing twelve months is around 3.57%, less than BUSIX's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSDSX Palmer Square Ultra-Short Duration Investment Grade Fund | 3.57% | 3.57% | 4.06% | 3.57% | 1.70% | 0.50% | 1.21% | 2.51% | 2.18% | 1.50% | 0.00% | 0.00% |
BUSIX Sterling Capital Ultra Short Bond Fund | 3.89% | 4.29% | 4.65% | 3.48% | 1.87% | 1.24% | 1.72% | 2.60% | 2.05% | 1.57% | 1.74% | 1.36% |
Drawdowns
PSDSX vs. BUSIX - Drawdown Comparison
The maximum PSDSX drawdown since its inception was -3.03%, roughly equal to the maximum BUSIX drawdown of -3.16%. Use the drawdown chart below to compare losses from any high point for PSDSX and BUSIX.
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Drawdown Indicators
| PSDSX | BUSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.03% | -3.16% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.80% | -0.30% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -1.52% | -1.46% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.16% | — |
Current DrawdownCurrent decline from peak | -0.75% | 0.00% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.11% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.05% | +0.22% |
Volatility
PSDSX vs. BUSIX - Volatility Comparison
Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) has a higher volatility of 0.83% compared to Sterling Capital Ultra Short Bond Fund (BUSIX) at 0.36%. This indicates that PSDSX's price experiences larger fluctuations and is considered to be riskier than BUSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSDSX | BUSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.36% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 0.89% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 1.32% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.35% | 1.23% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 1.11% | -0.02% |