SUSAX vs. NUSFX
SUSAX (SEI Institutional Investments Trust Ultra Short Duration Bond Fund) and NUSFX (Northern Ultra-Short Fixed Income Fund) are both Ultrashort Bond funds. Over the past 10 years, SUSAX returned 2.53%/yr vs 2.32%/yr for NUSFX. At a 0.29 correlation, their price movements are largely independent. SUSAX charges 0.22%/yr vs 0.28%/yr for NUSFX.
Performance
SUSAX vs. NUSFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SUSAX having a 1.26% return and NUSFX slightly lower at 1.24%. Over the past 10 years, SUSAX has outperformed NUSFX with an annualized return of 2.53%, while NUSFX has yielded a comparatively lower 2.32% annualized return.
SUSAX
- 1D
- 0.10%
- 1M
- 0.35%
- YTD
- 1.26%
- 6M
- 1.63%
- 1Y
- 4.17%
- 3Y*
- 4.89%
- 5Y*
- 3.03%
- 10Y*
- 2.53%
NUSFX
- 1D
- 0.10%
- 1M
- 0.00%
- YTD
- 1.24%
- 6M
- 1.24%
- 1Y
- 3.73%
- 3Y*
- 4.45%
- 5Y*
- 2.76%
- 10Y*
- 2.32%
SUSAX vs. NUSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUSAX SEI Institutional Investments Trust Ultra Short Duration Bond Fund | 1.26% | 5.09% | 5.31% | 5.00% | -1.44% | 0.17% | 2.06% | 3.55% | 1.89% | 1.77% |
NUSFX Northern Ultra-Short Fixed Income Fund | 1.24% | 4.27% | 5.22% | 5.21% | -1.59% | -0.17% | 2.34% | 3.68% | 1.51% | 1.53% |
Correlation
The correlation between SUSAX and NUSFX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2011 | 0.29 |
The correlation between SUSAX and NUSFX shifts across timeframes, from 0.24 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUSAX vs. NUSFX — Risk / Return Rank
SUSAX
NUSFX
SUSAX vs. NUSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Ultra Short Duration Bond Fund (SUSAX) 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.
| SUSAX | NUSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 2.49 | 3.29 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | 8.57 | 10.02 | -1.45 |
| Martin ratioReturn relative to average drawdown | 38.38 | 36.46 | +1.93 |
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Drawdowns
SUSAX vs. NUSFX - Drawdown Comparison
The maximum SUSAX drawdown since its inception was -4.28%, which is greater than NUSFX's maximum drawdown of -3.88%. Use the drawdown chart below to compare losses from any high point for SUSAX and NUSFX.
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Drawdown Indicators
| SUSAX | NUSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.28% | -3.88% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.50% | -0.39% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -0.50% | -0.87% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -2.72% | -3.35% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -4.28% | -3.88% | -0.40% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.24% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.11% | 0.00% |
Volatility
SUSAX vs. NUSFX - Volatility Comparison
SEI Institutional Investments Trust Ultra Short Duration Bond Fund (SUSAX) has a higher volatility of 0.52% compared to Northern Ultra-Short Fixed Income Fund (NUSFX) at 0.49%. This indicates that SUSAX's price experiences larger fluctuations and is considered to be riskier than NUSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUSAX | NUSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.49% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 0.96% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 1.38% | +0.08% |
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 | 1.29% | 1.22% | +0.07% |
SUSAX vs. NUSFX - Expense Ratio Comparison
SUSAX has a 0.22% expense ratio, which is lower than NUSFX's 0.28% expense ratio.
Dividends
SUSAX vs. NUSFX - Dividend Comparison
SUSAX's dividend yield for the trailing twelve months is around 4.39%, more than NUSFX's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUSFX Northern Ultra-Short Fixed Income Fund | 3.76% | 3.78% | 4.09% | 2.86% | 0.97% | 0.71% | 1.52% | 2.42% | 2.09% | 1.42% | 1.07% | 0.85% |
SUSAX SEI Institutional Investments Trust Ultra Short Duration Bond Fund | 4.39% | 4.55% | 4.44% | 3.02% | 1.19% | 0.78% | 1.53% | 2.98% | 2.48% | 1.75% | 1.43% | 1.15% |
Frequently Asked Questions
SUSAX and NUSFX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SUSAX has higher volatility (0.52%) compared to NUSFX (0.49%). In terms of maximum drawdown, SUSAX dropped -4.28% vs NUSFX's -3.88%.
NUSFX currently has the higher Sharpe Ratio (2.95 vs 2.94), 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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