SQIFX vs. MUIIX
Compare and contrast key facts about Sit Quality Income Fund (SQIFX) and Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX).
SQIFX is managed by Sit. It was launched on Dec 31, 2012. MUIIX is managed by Morgan Stanley. It was launched on Apr 28, 2016.
Performance
SQIFX vs. MUIIX - Performance Comparison
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SQIFX vs. MUIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SQIFX Sit Quality Income Fund | 0.05% | 6.32% | 3.93% | 3.39% | -2.68% | 1.24% | 2.83% |
MUIIX Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 0.52% | 4.47% | 4.94% | 4.17% | 1.10% | 0.10% | 0.49% |
Returns By Period
In the year-to-date period, SQIFX achieves a 0.05% return, which is significantly lower than MUIIX's 0.52% return.
SQIFX
- 1D
- 0.31%
- 1M
- -1.13%
- YTD
- 0.05%
- 6M
- 1.21%
- 1Y
- 4.04%
- 3Y*
- 4.14%
- 5Y*
- 2.33%
- 10Y*
- 2.07%
MUIIX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.55%
- 1Y
- 3.82%
- 3Y*
- 4.27%
- 5Y*
- 3.04%
- 10Y*
- —
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SQIFX vs. MUIIX - Expense Ratio Comparison
SQIFX has a 0.90% expense ratio, which is higher than MUIIX's 0.35% expense ratio.
Return for Risk
SQIFX vs. MUIIX — Risk / Return Rank
SQIFX
MUIIX
SQIFX vs. MUIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sit Quality Income Fund (SQIFX) and Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX). 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.
| SQIFX | MUIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 3.42 | -1.62 |
Sortino ratioReturn per unit of downside risk | 2.90 | 18.58 | -15.68 |
Omega ratioGain probability vs. loss probability | 1.36 | 9.29 | -7.93 |
Calmar ratioReturn relative to maximum drawdown | 3.07 | 42.24 | -39.18 |
Martin ratioReturn relative to average drawdown | 11.11 | 89.61 | -78.50 |
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
| SQIFX | MUIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 3.42 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.94 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.83 | -0.78 |
Correlation
The correlation between SQIFX and MUIIX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SQIFX vs. MUIIX - Dividend Comparison
SQIFX's dividend yield for the trailing twelve months is around 3.87%, which matches MUIIX's 3.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQIFX Sit Quality Income Fund | 3.87% | 4.21% | 3.96% | 2.78% | 3.42% | 1.23% | 1.13% | 1.95% | 1.82% | 1.16% | 0.89% | 0.95% |
MUIIX Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 3.85% | 4.36% | 4.81% | 3.88% | 1.20% | 0.10% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SQIFX vs. MUIIX - Drawdown Comparison
The maximum SQIFX drawdown since its inception was -4.22%, which is greater than MUIIX's maximum drawdown of -1.20%. Use the drawdown chart below to compare losses from any high point for SQIFX and MUIIX.
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Drawdown Indicators
| SQIFX | MUIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.22% | -1.20% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -0.10% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -4.22% | -1.20% | -3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -4.22% | — | — |
Current DrawdownCurrent decline from peak | -1.13% | -0.10% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -0.06% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.05% | +0.38% |
Volatility
SQIFX vs. MUIIX - Volatility Comparison
Sit Quality Income Fund (SQIFX) has a higher volatility of 0.81% compared to Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) at 0.10%. This indicates that SQIFX's price experiences larger fluctuations and is considered to be riskier than MUIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SQIFX | MUIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.10% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 0.81% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 1.24% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 1.57% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 1.44% | +0.33% |