PSDSX vs. BUSIX

Last updated Jun 4, 2026

PSDSX (Palmer Square Ultra-Short Duration Investment Grade Fund) and BUSIX (Sterling Capital Ultra Short Bond Fund) are both Ultrashort Bond funds. At a 0.26 correlation, their price movements are largely independent. PSDSX charges 0.53%/yr vs 0.27%/yr for BUSIX.

Performance

PSDSX vs. BUSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) and Sterling Capital Ultra Short Bond Fund (BUSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PSDSX

• 1D: 0.05%
• 1M: 0.40%
• YTD: 0.86%
• 6M: 1.19%
• 1Y: 3.46%
• 3Y*: 3.87%
• 5Y*: 2.65%
• 10Y*: —

BUSIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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	0.86%	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%

Correlation

The correlation between PSDSX and BUSIX is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.26

Over the past year, the correlation between PSDSX and BUSIX has dropped to 0.04 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.

Return for Risk

PSDSX vs. BUSIX — Risk / Return Rank

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

PSDSX

PSDSX Risk / Return Rank: 95
PSDSX Sharpe Ratio Rank: 98
PSDSX Sortino Ratio Rank: 91
PSDSX Omega Ratio Rank: 99
PSDSX Calmar Ratio Rank: 91
PSDSX Martin Ratio Rank: 95

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.

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 ratio: Return per unit of total volatility	4.00	—	—
Sortino ratio: Return per unit of downside risk	4.47	—	—
Omega ratio: Gain probability vs. loss probability	4.20	—	—
Calmar ratio: Return relative to maximum drawdown	4.90	—	—
Martin ratio: Return relative to average drawdown	23.18	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PSDSX	BUSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	—	—

Drawdowns

Drawdown Indicators

	PSDSX	BUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.03%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.80%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-1.52%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	—	—

Volatility

Volatility by Period

	PSDSX	BUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.98%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.09%	—	—

PSDSX vs. BUSIX - Expense Ratio Comparison

PSDSX has a 0.53% expense ratio, which is higher than BUSIX's 0.27% expense ratio.

Dividends

PSDSX vs. BUSIX - Dividend Comparison

PSDSX's dividend yield for the trailing twelve months is around 3.54%, more than BUSIX's 3.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUSIX Sterling Capital Ultra Short Bond Fund	3.19%	4.29%	4.65%	3.48%	1.87%	1.24%	1.72%	2.60%	2.05%	1.57%	1.74%	1.36%
PSDSX Palmer Square Ultra-Short Duration Investment Grade Fund	3.54%	3.57%	4.06%	3.57%	1.70%	0.50%	1.21%	2.51%	2.18%	1.50%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSDSX and BUSIX in my portfolio?

PSDSX and BUSIX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.