PSYPX vs. BUSIX

Last updated Jun 23, 2026

PSYPX (Palmer Square Income Plus Fund) and BUSIX (Sterling Capital Ultra Short Bond Fund) are both Ultrashort Bond funds. At a 0.18 correlation, their price movements are largely independent. PSYPX charges 0.75%/yr vs 0.27%/yr for BUSIX.

Performance

PSYPX vs. BUSIX - Performance Comparison

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

Returns By Period

PSYPX

• 1D: 0.10%
• 1M: 0.39%
• YTD: 0.69%
• 6M: 0.77%
• 1Y: 3.37%
• 3Y*: 4.77%
• 5Y*: 3.35%
• 10Y*: 3.84%

BUSIX

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

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

PSYPX vs. BUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSYPX Palmer Square Income Plus Fund	0.69%	3.88%	5.40%	7.40%	-0.77%	1.17%	3.65%	5.29%	1.17%	4.03%
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 PSYPX and BUSIX is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 3, 2014	0.18

The correlation between PSYPX and BUSIX shifts across timeframes, from 0.07 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PSYPX vs. BUSIX — Risk / Return Rank

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

PSYPX

PSYPX Risk / Return Rank: 78
PSYPX Sharpe Ratio Rank: 89
PSYPX Sortino Ratio Rank: 71
PSYPX Omega Ratio Rank: 98
PSYPX Calmar Ratio Rank: 60
PSYPX Martin Ratio Rank: 73

BUSIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PSYPX vs. BUSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Palmer Square Income Plus Fund (PSYPX) 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.

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.

	PSYPX	BUSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	—	—
Sortino ratio: Return per unit of downside risk	3.18	—	—
Omega ratio: Gain probability vs. loss probability	2.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.85	—	—
Martin ratio: Return relative to average drawdown	13.04	—	—

Drawdowns

Drawdown Indicators

	PSYPX	BUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-11.43%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-1.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-3.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.43%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.28%	—	—

Volatility

Volatility by Period

	PSYPX	BUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.84%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	—	—

PSYPX vs. BUSIX - Expense Ratio Comparison

PSYPX has a 0.75% expense ratio, which is higher than BUSIX's 0.27% expense ratio.

Dividends

PSYPX vs. BUSIX - Dividend Comparison

PSYPX's dividend yield for the trailing twelve months is around 3.30%, 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%
PSYPX Palmer Square Income Plus Fund	3.30%	3.33%	4.16%	4.05%	3.23%	1.27%	2.08%	3.11%	2.84%	2.53%	4.26%	3.25%

Frequently Asked Questions

Can I hold both PSYPX and BUSIX in my portfolio?

PSYPX and BUSIX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.