SADIX vs. NUSIX

Last updated Jun 23, 2026

SADIX (Allspring Ultra Short-Term Income Fund) and NUSIX (Navigator Ultra Short Term Bond Fund) are both Ultrashort Bond funds. Over the past 5 years, SADIX returned 3.70%/yr vs 3.70%/yr for NUSIX. At a 0.16 correlation, their price movements are largely independent. SADIX charges 0.26%/yr vs 0.71%/yr for NUSIX.

Performance

SADIX vs. NUSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Ultra Short-Term Income Fund (SADIX) and Navigator Ultra Short Term Bond Fund (NUSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SADIX achieves a 1.38% return, which is significantly lower than NUSIX's 1.66% return.

SADIX

• 1D: 0.00%
• 1M: 0.24%
• YTD: 1.38%
• 6M: 1.75%
• 1Y: 4.52%
• 3Y*: 5.63%
• 5Y*: 3.70%
• 10Y*: 2.91%

NUSIX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.66%
• 6M: 1.76%
• 1Y: 4.16%
• 3Y*: 5.01%
• 5Y*: 3.70%
• 10Y*: —

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

SADIX vs. NUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SADIX Allspring Ultra Short-Term Income Fund	1.38%	5.28%	6.34%	6.27%	-0.56%	0.22%	2.73%	2.11%
NUSIX Navigator Ultra Short Term Bond Fund	1.66%	4.63%	5.54%	5.64%	1.14%	0.36%	1.49%	1.60%

Correlation

The correlation between SADIX and NUSIX is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since May 6, 2019	0.16

The correlation between SADIX and NUSIX shifts across timeframes, from 0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SADIX vs. NUSIX — Risk / Return Rank

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

SADIX

SADIX Risk / Return Rank: 98
SADIX Sharpe Ratio Rank: 96
SADIX Sortino Ratio Rank: 99
SADIX Omega Ratio Rank: 99
SADIX Calmar Ratio Rank: 99
SADIX Martin Ratio Rank: 99

NUSIX

NUSIX Risk / Return Rank: 100
NUSIX Sharpe Ratio Rank: 100
NUSIX Sortino Ratio Rank: 100
NUSIX Omega Ratio Rank: 100
NUSIX Calmar Ratio Rank: 100
NUSIX Martin Ratio Rank: 100

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.

SADIX vs. NUSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short-Term Income Fund (SADIX) and Navigator Ultra Short Term Bond Fund (NUSIX). 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	NUSIX	Difference
Sharpe ratio: Return per unit of total volatility	3.13	6.80	-3.67
Sortino ratio: Return per unit of downside risk	9.02	28.33	-19.31
Omega ratio: Gain probability vs. loss probability	3.07	18.48	-15.41
Calmar ratio: Return relative to maximum drawdown	13.40	42.21	-28.81
Martin ratio: Return relative to average drawdown	51.49	329.78	-278.29

SADIX vs. NUSIX - Sharpe Ratio Comparison

The current SADIX Sharpe Ratio is 3.13, which is lower than the NUSIX Sharpe Ratio of 6.80. The chart below compares the historical Sharpe Ratios of SADIX and NUSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SADIX vs. NUSIX - Drawdown Comparison

The maximum SADIX drawdown since its inception was -7.34%, which is greater than NUSIX's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for SADIX and NUSIX.

Drawdown Indicators

	SADIX	NUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-7.34%	-2.69%	-4.65%
Max Drawdown (1Y) Largest decline over 1 year	-0.34%	-0.10%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-0.57%	-0.10%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-2.16%	-0.80%	-1.36%
Max Drawdown (10Y) Largest decline over 10 years	-4.67%	—	—
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.37%	-0.08%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.09%	0.01%	+0.08%

Volatility

SADIX vs. NUSIX - Volatility Comparison

Allspring Ultra Short-Term Income Fund (SADIX) has a higher volatility of 0.51% compared to Navigator Ultra Short Term Bond Fund (NUSIX) at 0.16%. This indicates that SADIX's price experiences larger fluctuations and is considered to be riskier than NUSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SADIX	NUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	0.16%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	1.06%	0.42%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	1.45%	0.61%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.41%	0.77%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.34%	0.83%	+0.51%

SADIX vs. NUSIX - Expense Ratio Comparison

SADIX has a 0.26% expense ratio, which is lower than NUSIX's 0.71% expense ratio.

Dividends

SADIX vs. NUSIX - Dividend Comparison

SADIX's dividend yield for the trailing twelve months is around 4.30%, more than NUSIX's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NUSIX Navigator Ultra Short Term Bond Fund	4.16%	4.25%	5.23%	4.92%	1.74%	0.66%	1.08%	1.99%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both SADIX and NUSIX in my portfolio?

SADIX and NUSIX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SADIX or NUSIX?

SADIX has higher volatility (0.51%) compared to NUSIX (0.16%). In terms of maximum drawdown, SADIX dropped -7.34% vs NUSIX's -2.69%.

Which has better risk-adjusted returns?

NUSIX currently has the higher Sharpe Ratio (6.80 vs 3.13), 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.