SUSAX vs. UGSDX

Last updated Apr 2, 2026

Compare and contrast key facts about SEI Institutional Investments Trust Ultra Short Duration Bond Fund (SUSAX) and U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX).

SUSAX is managed by SEI. It was launched on Feb 28, 2011. UGSDX is managed by US Global. It was launched on Dec 2, 2013.

Performance

SUSAX vs. UGSDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Investments Trust Ultra Short Duration Bond Fund (SUSAX) and U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX). The values are adjusted to include any dividend payments, if applicable.

SUSAX vs. UGSDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SUSAX SEI Institutional Investments Trust Ultra Short Duration Bond Fund	0.29%	5.09%	5.31%	5.00%	-1.44%	0.17%	2.06%	3.55%	1.89%	1.77%
UGSDX U.S. Global Investors U.S. Government Ultra-Short Bond Fund	0.53%	3.93%	4.31%	4.15%	-1.66%	-0.44%	0.32%	1.49%	1.18%	1.49%

Returns By Period

In the year-to-date period, SUSAX achieves a 0.29% return, which is significantly lower than UGSDX's 0.53% return. Over the past 10 years, SUSAX has outperformed UGSDX with an annualized return of 2.48%, while UGSDX has yielded a comparatively lower 1.50% annualized return.

SUSAX

• 1D: 0.00%
• 1M: -0.30%
• YTD: 0.29%
• 6M: 1.41%
• 1Y: 4.07%
• 3Y*: 4.72%
• 5Y*: 2.84%
• 10Y*: 2.48%

UGSDX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.53%
• 6M: 1.42%
• 1Y: 3.41%
• 3Y*: 3.87%
• 5Y*: 2.14%
• 10Y*: 1.50%

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

SUSAX vs. UGSDX - Expense Ratio Comparison

SUSAX has a 0.22% expense ratio, which is lower than UGSDX's 1.06% expense ratio.

UGSDX

U.S. Global Investors U.S. Government Ultra-Short Bond Fund

SUSAX

SEI Institutional Investments Trust Ultra Short Duration Bond Fund

Return for Risk

SUSAX vs. UGSDX — Risk / Return Rank

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

SUSAX

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

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.

SUSAX vs. UGSDX - 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 U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX). 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.

	SUSAX	UGSDX	Difference
Sharpe ratio Return per unit of total volatility	2.80	3.44	-0.63
Sortino ratio Return per unit of downside risk	7.56	—	—
Omega ratio Gain probability vs. loss probability	2.43	—	—
Calmar ratio Return relative to maximum drawdown	9.00	—	—
Martin ratio Return relative to average drawdown	37.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUSAX vs. UGSDX - Sharpe Ratio Comparison

The current SUSAX Sharpe Ratio is 2.80, which is comparable to the UGSDX Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of SUSAX and UGSDX, 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

	SUSAX	UGSDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	3.44	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.07	1.20	+0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.95	0.97	+0.98
Sharpe Ratio (All Time) Calculated using the full available price history	1.67	0.73	+0.94

Correlation

The correlation between SUSAX and UGSDX is 0.22, 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

SUSAX vs. UGSDX - Dividend Comparison

SUSAX's dividend yield for the trailing twelve months is around 4.10%, more than UGSDX's 3.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SUSAX SEI Institutional Investments Trust Ultra Short Duration Bond Fund	4.10%	4.55%	4.44%	3.02%	1.19%	0.78%	1.53%	2.98%	2.48%	1.75%	1.43%	1.15%
UGSDX U.S. Global Investors U.S. Government Ultra-Short Bond Fund	3.35%	3.85%	4.23%	3.55%	0.87%	0.06%	0.32%	1.48%	1.17%	1.48%	0.44%	0.44%

Drawdowns

SUSAX vs. UGSDX - Drawdown Comparison

The maximum SUSAX drawdown since its inception was -4.28%, which is greater than UGSDX's maximum drawdown of -2.83%. Use the drawdown chart below to compare losses from any high point for SUSAX and UGSDX.

Drawdown Indicators

	SUSAX	UGSDX	Difference
Max Drawdown Largest peak-to-trough decline	-4.28%	-2.83%	-1.45%
Max Drawdown (1Y) Largest decline over 1 year	-0.50%	0.00%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	-2.72%	-2.83%	+0.11%
Max Drawdown (10Y) Largest decline over 10 years	-4.28%	-2.83%	-1.45%
Current Drawdown Current decline from peak	-0.40%	0.00%	-0.40%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.30%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.12%	0.00%	+0.12%

Volatility

SUSAX vs. UGSDX - Volatility Comparison

SEI Institutional Investments Trust Ultra Short Duration Bond Fund (SUSAX) has a higher volatility of 0.26% compared to U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX) at 0.00%. This indicates that SUSAX's price experiences larger fluctuations and is considered to be riskier than UGSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUSAX	UGSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	0.00%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	1.00%	0.69%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	1.51%	1.05%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.37%	1.78%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.27%	1.55%	-0.28%