SADIX vs. NUSFX
SADIX (Allspring Ultra Short-Term Income Fund) and NUSFX (Northern Ultra-Short Fixed Income Fund) are both Ultrashort Bond funds. Over the past 10 years, SADIX returned 2.91%/yr vs 2.31%/yr for NUSFX. At a 0.20 correlation, their price movements are largely independent. SADIX charges 0.26%/yr vs 0.28%/yr for NUSFX.
Performance
SADIX vs. NUSFX - Performance Comparison
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Returns By Period
In the year-to-date period, SADIX achieves a 1.38% return, which is significantly higher than NUSFX's 1.14% return. Over the past 10 years, SADIX has outperformed NUSFX with an annualized return of 2.91%, while NUSFX has yielded a comparatively lower 2.31% annualized return.
SADIX
- 1D
- 0.00%
- 1M
- 0.24%
- YTD
- 1.38%
- 6M
- 1.86%
- 1Y
- 4.52%
- 3Y*
- 5.63%
- 5Y*
- 3.70%
- 10Y*
- 2.91%
NUSFX
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 1.14%
- 6M
- 1.14%
- 1Y
- 4.17%
- 3Y*
- 4.42%
- 5Y*
- 2.74%
- 10Y*
- 2.31%
SADIX vs. NUSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SADIX Allspring Ultra Short-Term Income Fund | 1.38% | 5.28% | 6.34% | 6.27% | -0.56% | 0.22% | 2.73% | 3.82% | 1.68% | 1.50% |
NUSFX Northern Ultra-Short Fixed Income Fund | 1.14% | 4.27% | 5.22% | 5.21% | -1.59% | -0.17% | 2.34% | 3.68% | 1.51% | 1.53% |
Correlation
The correlation between SADIX and NUSFX is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2009 | 0.20 |
The correlation between SADIX and NUSFX shifts across timeframes, from 0.06 (1 year) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SADIX vs. NUSFX — Risk / Return Rank
SADIX
NUSFX
SADIX vs. NUSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short-Term Income Fund (SADIX) and Northern Ultra-Short Fixed Income Fund (NUSFX). 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.
| SADIX | NUSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 3.07 | 3.49 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 13.40 | 10.91 | +2.49 |
| Martin ratioReturn relative to average drawdown | 50.83 | 39.77 | +11.06 |
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Drawdowns
SADIX vs. NUSFX - Drawdown Comparison
The maximum SADIX drawdown since its inception was -7.34%, which is greater than NUSFX's maximum drawdown of -3.88%. Use the drawdown chart below to compare losses from any high point for SADIX and NUSFX.
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Drawdown Indicators
| SADIX | NUSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.34% | -3.88% | -3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -0.39% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -0.57% | -0.87% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -2.16% | -3.35% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -4.67% | -3.88% | -0.79% |
Current DrawdownCurrent decline from peak | -0.23% | -0.10% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -0.24% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.11% | -0.02% |
Volatility
SADIX vs. NUSFX - Volatility Comparison
Allspring Ultra Short-Term Income Fund (SADIX) and Northern Ultra-Short Fixed Income Fund (NUSFX) have volatilities of 0.51% and 0.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SADIX | NUSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.50% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 0.96% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 1.38% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 1.32% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.34% | 1.22% | +0.12% |
SADIX vs. NUSFX - Expense Ratio Comparison
SADIX has a 0.26% expense ratio, which is lower than NUSFX's 0.28% expense ratio.
Dividends
SADIX vs. NUSFX - Dividend Comparison
SADIX's dividend yield for the trailing twelve months is around 4.30%, more than NUSFX's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUSFX Northern Ultra-Short Fixed Income Fund | 4.19% | 3.78% | 4.09% | 2.86% | 0.97% | 0.71% | 1.52% | 2.42% | 2.09% | 1.42% | 1.07% | 0.85% |
SADIX Allspring Ultra Short-Term Income Fund | 4.30% | 4.45% | 4.39% | 2.99% | 1.44% | 0.80% | 1.85% | 2.44% | 2.03% | 1.49% | 1.36% | 1.11% |
Frequently Asked Questions
SADIX and NUSFX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SADIX has higher volatility (0.51%) compared to NUSFX (0.50%). In terms of maximum drawdown, SADIX dropped -7.34% vs NUSFX's -3.88%.
SADIX currently has the higher Sharpe Ratio (3.13 vs 3.07), 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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