RUSIX vs. TSDUX
RUSIX (RBC Ultra-Short Fixed Income Fund) and TSDUX (Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund) are both Ultrashort Bond funds. Over the past 10 years, RUSIX returned 2.99%/yr vs 2.67%/yr for TSDUX. Their 0.04 correlation means their historical movements had little consistent relationship. RUSIX charges 0.48%/yr vs 0.62%/yr for TSDUX.
Performance
RUSIX vs. TSDUX - Performance Comparison
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Returns By Period
In the year-to-date period, RUSIX achieves a 1.58% return, which is significantly lower than TSDUX's 1.91% return. Over the past 10 years, RUSIX has outperformed TSDUX with an annualized return of 2.99%, while TSDUX has yielded a comparatively lower 2.67% annualized return.
RUSIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.10%
- YTD
- 1.58%
- 1Y
- 3.23%
- 3Y*
- 5.60%
- 5Y*
- 3.78%
- 10Y*
- 2.99%
- ALL TIME*
- 2.63%
TSDUX
- 1D
- -0.41%
- 1M
- 0.00%
- 6M
- 1.45%
- YTD
- 1.91%
- 1Y
- 2.71%
- 3Y*
- 4.61%
- 5Y*
- 3.44%
- 10Y*
- 2.67%
- ALL TIME*
- 2.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RUSIX vs. TSDUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RUSIX RBC Ultra-Short Fixed Income Fund | 1.58% | 4.53% | 6.78% | 8.13% | -1.43% | 0.10% | 2.58% | 4.18% | 1.60% | 1.85% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 1.91% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.73% |
Correlation
The correlation between RUSIX and TSDUX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2016 | 0.04 |
The correlation between RUSIX and TSDUX shifts across timeframes, from 0.04 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RUSIX vs. TSDUX — Risk / Return Rank
RUSIX
TSDUX
RUSIX vs. TSDUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Ultra-Short Fixed Income Fund (RUSIX) and Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX). 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.
| RUSIX | TSDUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 2.27 | 2.46 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 8.51 | 7.33 | +1.18 |
| Martin ratioReturn relative to average drawdown | 26.92 | 23.71 | +3.22 |
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Drawdowns
RUSIX vs. TSDUX - Drawdown Comparison
The maximum RUSIX drawdown since its inception was -5.60%, which is greater than TSDUX's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for RUSIX and TSDUX.
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Drawdown Indicators
| RUSIX | TSDUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.60% | -3.94% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -0.41% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -0.73% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -3.83% | -1.72% | -2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -5.60% | -3.94% | -1.66% |
Current DrawdownCurrent decline from peak | 0.00% | -0.41% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -0.18% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.12% | 0.00% |
Volatility
RUSIX vs. TSDUX - Volatility Comparison
The current volatility for RBC Ultra-Short Fixed Income Fund (RUSIX) is 0.14%, while Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) has a volatility of 0.47%. This indicates that RUSIX experiences smaller price fluctuations and is considered to be less risky than TSDUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RUSIX | TSDUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 0.47% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 0.66% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 1.05% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.54% | 1.12% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.47% | 1.09% | +0.38% |
RUSIX vs. TSDUX - Expense Ratio Comparison
RUSIX has a 0.48% expense ratio, which is lower than TSDUX's 0.62% expense ratio.
Dividends
RUSIX vs. TSDUX - Dividend Comparison
RUSIX's dividend yield for the trailing twelve months is around 3.89%, more than TSDUX's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RUSIX RBC Ultra-Short Fixed Income Fund | 3.89% | 4.33% | 4.61% | 4.64% | 2.37% | 0.91% | 1.82% | 2.76% | 2.41% | 1.83% | 1.57% | 1.42% |
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.47% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% | 0.00% |
Frequently Asked Questions
RUSIX and TSDUX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSDUX has higher volatility (0.47%) compared to RUSIX (0.14%). In terms of maximum drawdown, RUSIX dropped -5.60% vs TSDUX's -3.94%.
TSDUX currently has the higher Sharpe Ratio (2.85 vs 2.39), 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.
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