SADIX vs. BUSIX
Compare and contrast key facts about Allspring Ultra Short-Term Income Fund (SADIX) and Sterling Capital Ultra Short Bond Fund (BUSIX).
SADIX is managed by Allspring Global Investments. It was launched on Aug 31, 1999. BUSIX is managed by Sterling Capital. It was launched on Nov 30, 2012.
Performance
SADIX vs. BUSIX - Performance Comparison
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SADIX vs. BUSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SADIX Allspring Ultra Short-Term Income Fund | 0.33% | 5.28% | 6.34% | 6.27% | -0.56% | 0.22% | 2.73% | 3.82% | 1.68% | 1.50% |
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
In the year-to-date period, SADIX achieves a 0.33% return, which is significantly lower than BUSIX's 0.83% return. Over the past 10 years, SADIX has outperformed BUSIX with an annualized return of 2.87%, while BUSIX has yielded a comparatively lower 2.68% annualized return.
SADIX
- 1D
- 0.00%
- 1M
- -0.34%
- YTD
- 0.33%
- 6M
- 1.56%
- 1Y
- 4.22%
- 3Y*
- 5.58%
- 5Y*
- 3.54%
- 10Y*
- 2.87%
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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SADIX vs. BUSIX - Expense Ratio Comparison
SADIX has a 0.26% expense ratio, which is lower than BUSIX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SADIX vs. BUSIX — Risk / Return Rank
SADIX
BUSIX
SADIX vs. BUSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short-Term Income Fund (SADIX) 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.
| SADIX | BUSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.13 | 3.78 | -0.64 |
Sortino ratioReturn per unit of downside risk | 8.89 | 13.61 | -4.72 |
Omega ratioGain probability vs. loss probability | 3.09 | 5.42 | -2.33 |
Calmar ratioReturn relative to maximum drawdown | 8.36 | 16.23 | -7.87 |
Martin ratioReturn relative to average drawdown | 39.57 | 104.01 | -64.44 |
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
| SADIX | BUSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 3.78 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.61 | 2.81 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.18 | 2.42 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 2.10 | -0.30 |
Correlation
The correlation between SADIX and BUSIX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SADIX vs. BUSIX - Dividend Comparison
SADIX's dividend yield for the trailing twelve months is around 4.02%, more than BUSIX's 3.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SADIX Allspring Ultra Short-Term Income Fund | 4.02% | 4.45% | 4.39% | 2.99% | 1.44% | 0.80% | 1.85% | 2.44% | 2.03% | 1.49% | 1.36% | 1.11% |
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
SADIX vs. BUSIX - Drawdown Comparison
The maximum SADIX drawdown since its inception was -7.34%, which is greater than BUSIX's maximum drawdown of -3.16%. Use the drawdown chart below to compare losses from any high point for SADIX and BUSIX.
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Drawdown Indicators
| SADIX | BUSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.34% | -3.16% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -0.30% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -1.46% | -0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -4.67% | -3.16% | -1.51% |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -0.11% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.05% | +0.07% |
Volatility
SADIX vs. BUSIX - Volatility Comparison
The current volatility for Allspring Ultra Short-Term Income Fund (SADIX) is 0.25%, while Sterling Capital Ultra Short Bond Fund (BUSIX) has a volatility of 0.36%. This indicates that SADIX experiences smaller price fluctuations and is considered to be less risky 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
| SADIX | BUSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 0.36% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 0.89% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.39% | 1.32% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.37% | 1.23% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 1.11% | +0.21% |