PSYPX vs. CUTAX
Compare and contrast key facts about Palmer Square Income Plus Fund (PSYPX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX).
PSYPX is managed by Palmer Square. It was launched on Feb 28, 2014. CUTAX is managed by Six Circles. It was launched on Jul 8, 2018.
Performance
PSYPX vs. CUTAX - Performance Comparison
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PSYPX vs. CUTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PSYPX Palmer Square Income Plus Fund | -0.59% | 3.88% | 5.40% | 7.40% | -0.77% | 1.17% | 3.65% | 5.29% | -0.09% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 0.18% | 3.69% | 3.74% | 3.86% | -0.79% | 0.02% | 1.79% | 0.49% | -0.20% |
Returns By Period
In the year-to-date period, PSYPX achieves a -0.59% return, which is significantly lower than CUTAX's 0.18% return.
PSYPX
- 1D
- 0.10%
- 1M
- -1.28%
- YTD
- -0.59%
- 6M
- 0.46%
- 1Y
- 3.27%
- 3Y*
- 4.79%
- 5Y*
- 3.17%
- 10Y*
- 4.05%
CUTAX
- 1D
- -0.20%
- 1M
- -0.40%
- YTD
- 0.18%
- 6M
- 0.93%
- 1Y
- 2.94%
- 3Y*
- 3.50%
- 5Y*
- 2.10%
- 10Y*
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PSYPX vs. CUTAX - Expense Ratio Comparison
PSYPX has a 0.75% expense ratio, which is higher than CUTAX's 0.15% expense ratio.
Return for Risk
PSYPX vs. CUTAX — Risk / Return Rank
PSYPX
CUTAX
PSYPX vs. CUTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palmer Square Income Plus Fund (PSYPX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX). 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.
| PSYPX | CUTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.41 | 3.33 | -0.92 |
Sortino ratioReturn per unit of downside risk | 2.83 | 5.65 | -2.82 |
Omega ratioGain probability vs. loss probability | 2.08 | 2.40 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 7.51 | -6.17 |
Martin ratioReturn relative to average drawdown | 4.64 | 39.18 | -34.53 |
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
| PSYPX | CUTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 3.33 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.77 | 2.06 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 1.77 | -0.29 |
Correlation
The correlation between PSYPX and CUTAX is 0.15, 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
PSYPX vs. CUTAX - Dividend Comparison
PSYPX's dividend yield for the trailing twelve months is around 3.35%, more than CUTAX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSYPX Palmer Square Income Plus Fund | 3.35% | 3.33% | 4.16% | 4.05% | 3.23% | 1.27% | 2.08% | 3.11% | 2.84% | 2.53% | 4.26% | 3.25% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 2.91% | 3.22% | 3.47% | 2.86% | 1.14% | 0.52% | 1.38% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSYPX vs. CUTAX - Drawdown Comparison
The maximum PSYPX drawdown since its inception was -11.43%, which is greater than CUTAX's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for PSYPX and CUTAX.
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Drawdown Indicators
| PSYPX | CUTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.43% | -1.79% | -9.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -0.40% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -3.15% | -1.79% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -11.43% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | -0.40% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -0.22% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.08% | +0.40% |
Volatility
PSYPX vs. CUTAX - Volatility Comparison
Palmer Square Income Plus Fund (PSYPX) has a higher volatility of 1.12% compared to Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) at 0.38%. This indicates that PSYPX's price experiences larger fluctuations and is considered to be riskier than CUTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSYPX | CUTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.38% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.25% | 0.63% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 0.89% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.83% | 1.03% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 0.93% | +1.15% |