SDCP vs. MSTI

Last updated Apr 1, 2026

Compare and contrast key facts about Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) and Madison Short-Term Strategic Income ETF (MSTI).

SDCP and MSTI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDCP is an actively managed fund by Virtus. It was launched on Nov 15, 2023. MSTI is an actively managed fund by Madison. It was launched on Sep 5, 2023.

Performance

SDCP vs. MSTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) and Madison Short-Term Strategic Income ETF (MSTI). The values are adjusted to include any dividend payments, if applicable.

SDCP vs. MSTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	0.42%	5.37%	5.24%	1.98%
MSTI Madison Short-Term Strategic Income ETF	0.25%	6.33%	4.84%	2.93%

Returns By Period

In the year-to-date period, SDCP achieves a 0.42% return, which is significantly higher than MSTI's 0.25% return.

SDCP

• 1D: 0.21%
• 1M: -0.54%
• YTD: 0.42%
• 6M: 1.66%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTI

• 1D: 0.34%
• 1M: -0.68%
• YTD: 0.25%
• 6M: 1.49%
• 1Y: 4.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDCP vs. MSTI - Expense Ratio Comparison

SDCP has a 0.35% expense ratio, which is lower than MSTI's 0.40% expense ratio.

MSTI

Madison Short-Term Strategic Income ETF

SDCP

Virtus Newfleet Short Duration Core Plus Bond ETF

Return for Risk

SDCP vs. MSTI — Risk / Return Rank

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

SDCP

SDCP Risk / Return Rank: 97
SDCP Sharpe Ratio Rank: 95
SDCP Sortino Ratio Rank: 97
SDCP Omega Ratio Rank: 97
SDCP Calmar Ratio Rank: 97
SDCP Martin Ratio Rank: 96

MSTI

MSTI Risk / Return Rank: 90
MSTI Sharpe Ratio Rank: 85
MSTI Sortino Ratio Rank: 90
MSTI Omega Ratio Rank: 86
MSTI Calmar Ratio Rank: 94
MSTI Martin Ratio Rank: 94

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.

SDCP vs. MSTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) and Madison Short-Term Strategic Income ETF (MSTI). 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.

	SDCP	MSTI	Difference
Sharpe ratio Return per unit of total volatility	2.43	1.73	+0.70
Sortino ratio Return per unit of downside risk	3.80	2.56	+1.23
Omega ratio Gain probability vs. loss probability	1.58	1.34	+0.24
Calmar ratio Return relative to maximum drawdown	5.22	3.65	+1.57
Martin ratio Return relative to average drawdown	17.26	14.37	+2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDCP vs. MSTI - Sharpe Ratio Comparison

The current SDCP Sharpe Ratio is 2.43, which is higher than the MSTI Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of SDCP and MSTI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SDCP	MSTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	1.73	+0.70
Sharpe Ratio (All Time) Calculated using the full available price history	2.65	2.24	+0.41

Correlation

The correlation between SDCP and MSTI is 0.47, 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

SDCP vs. MSTI - Dividend Comparison

SDCP's dividend yield for the trailing twelve months is around 5.27%, which matches MSTI's 5.32% yield.

	TTM	2025	2024	2023
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	5.27%	5.16%	5.25%	0.59%
MSTI Madison Short-Term Strategic Income ETF	5.32%	5.40%	5.48%	1.55%

Drawdowns

SDCP vs. MSTI - Drawdown Comparison

The maximum SDCP drawdown since its inception was -1.00%, smaller than the maximum MSTI drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for SDCP and MSTI.

Drawdown Indicators

	SDCP	MSTI	Difference
Max Drawdown Largest peak-to-trough decline	-1.00%	-1.48%	+0.48%
Max Drawdown (1Y) Largest decline over 1 year	-0.82%	-1.32%	+0.50%
Current Drawdown Current decline from peak	-0.54%	-0.69%	+0.15%
Average Drawdown Average peak-to-trough decline	-0.18%	-0.29%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.33%	-0.08%

Volatility

SDCP vs. MSTI - Volatility Comparison

The current volatility for Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) is 0.40%, while Madison Short-Term Strategic Income ETF (MSTI) has a volatility of 0.92%. This indicates that SDCP experiences smaller price fluctuations and is considered to be less risky than MSTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDCP	MSTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	0.92%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	0.94%	1.75%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	1.90%	2.76%	-0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.10%	2.73%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.10%	2.73%	-0.63%