TMPFX vs. BUSIX

Last updated Jun 24, 2026

TMPFX (Tactical Multi-Purpose Fund) and BUSIX (Sterling Capital Ultra Short Bond Fund) are both Ultrashort Bond funds. At a 0.01 correlation, their price movements are largely independent. TMPFX charges 1.14%/yr vs 0.27%/yr for BUSIX.

Performance

TMPFX vs. BUSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tactical Multi-Purpose Fund (TMPFX) and Sterling Capital Ultra Short Bond Fund (BUSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TMPFX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.72%
• 6M: 1.83%
• 1Y: 3.82%
• 3Y*: 3.96%
• 5Y*: 2.71%
• 10Y*: —

BUSIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TMPFX vs. BUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TMPFX Tactical Multi-Purpose Fund	1.72%	3.71%	4.26%	3.90%	0.51%	-0.91%	-0.60%	0.30%	-0.30%
BUSIX Sterling Capital Ultra Short Bond Fund	0.83%	4.93%	5.87%	5.09%	0.32%	0.31%	2.16%	3.27%	1.76%

Correlation

The correlation between TMPFX and BUSIX is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jan 5, 2018	0.01

Return for Risk

TMPFX vs. BUSIX — Risk / Return Rank

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

TMPFX

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

BUSIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TMPFX vs. BUSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tactical Multi-Purpose Fund (TMPFX) and Sterling Capital Ultra Short Bond Fund (BUSIX). 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.

	TMPFX	BUSIX	Difference
Sharpe ratio: Return per unit of total volatility	6.60	—	—
Sortino ratio: Return per unit of downside risk	37.61	—	—
Omega ratio: Gain probability vs. loss probability	38.54	—	—
Calmar ratio: Return relative to maximum drawdown	38.39	—	—
Martin ratio: Return relative to average drawdown	608.14	—	—

Drawdowns

Drawdown Indicators

	TMPFX	BUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-3.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-3.52%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	TMPFX	BUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.58%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.34%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.80%	—	—

TMPFX vs. BUSIX - Expense Ratio Comparison

TMPFX has a 1.14% expense ratio, which is higher than BUSIX's 0.27% expense ratio.

Dividends

TMPFX vs. BUSIX - Dividend Comparison

TMPFX's dividend yield for the trailing twelve months is around 3.74%, more than BUSIX's 3.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUSIX Sterling Capital Ultra Short Bond Fund	3.19%	4.29%	4.65%	3.48%	1.87%	1.24%	1.72%	2.60%	2.05%	1.57%	1.74%	1.36%
TMPFX Tactical Multi-Purpose Fund	3.74%	3.81%	4.15%	3.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMPFX and BUSIX in my portfolio?

TMPFX and BUSIX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.