TSDOX vs. CUTAX
Compare and contrast key facts about Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX).
TSDOX is managed by Touchstone. It was launched on Mar 1, 1994. CUTAX is managed by Six Circles. It was launched on Jul 8, 2018.
Performance
TSDOX vs. CUTAX - Performance Comparison
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TSDOX vs. CUTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TSDOX Touchstone Ultra Short Duration Fixed Income Fund | 0.51% | 4.73% | 6.87% | 5.75% | -0.37% | 0.20% | 1.25% | 3.07% | 0.97% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 0.18% | 3.69% | 3.74% | 3.86% | -0.79% | 0.02% | 1.79% | 0.49% | -0.20% |
Returns By Period
In the year-to-date period, TSDOX achieves a 0.51% return, which is significantly higher than CUTAX's 0.18% return.
TSDOX
- 1D
- 0.00%
- 1M
- -0.22%
- YTD
- 0.51%
- 6M
- 1.54%
- 1Y
- 3.96%
- 3Y*
- 5.60%
- 5Y*
- 3.45%
- 10Y*
- 2.58%
CUTAX
- 1D
- -0.20%
- 1M
- -0.40%
- YTD
- 0.18%
- 6M
- 0.93%
- 1Y
- 2.94%
- 3Y*
- 3.50%
- 5Y*
- 2.10%
- 10Y*
- —
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TSDOX vs. CUTAX - Expense Ratio Comparison
TSDOX has a 0.69% expense ratio, which is higher than CUTAX's 0.15% expense ratio.
Return for Risk
TSDOX vs. CUTAX — Risk / Return Rank
TSDOX
CUTAX
TSDOX vs. CUTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) and Six Circles Tax Aware Ultra Short Duration Fund (CUTAX). 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.
| TSDOX | CUTAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.07 | 3.33 | -0.26 |
Sortino ratioReturn per unit of downside risk | 10.12 | 5.65 | +4.47 |
Omega ratioGain probability vs. loss probability | 4.01 | 2.40 | +1.61 |
Calmar ratioReturn relative to maximum drawdown | 13.64 | 7.51 | +6.12 |
Martin ratioReturn relative to average drawdown | 54.32 | 39.18 | +15.14 |
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
| TSDOX | CUTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 3.33 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.60 | 2.06 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.75 | 1.77 | -0.02 |
Correlation
The correlation between TSDOX and CUTAX is 0.12, 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
TSDOX vs. CUTAX - Dividend Comparison
TSDOX's dividend yield for the trailing twelve months is around 4.10%, more than CUTAX's 2.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSDOX Touchstone Ultra Short Duration Fixed Income Fund | 4.10% | 4.51% | 5.64% | 4.11% | 1.61% | 0.86% | 1.66% | 2.48% | 2.16% | 1.64% | 1.29% | 1.27% |
CUTAX Six Circles Tax Aware Ultra Short Duration Fund | 2.91% | 3.22% | 3.47% | 2.86% | 1.14% | 0.52% | 1.38% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TSDOX vs. CUTAX - Drawdown Comparison
The maximum TSDOX drawdown since its inception was -5.27%, which is greater than CUTAX's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for TSDOX and CUTAX.
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Drawdown Indicators
| TSDOX | CUTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -1.79% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.32% | -0.40% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -1.50% | -1.79% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -5.27% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.40% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -0.18% | -0.22% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 0.08% | 0.00% |
Volatility
TSDOX vs. CUTAX - Volatility Comparison
The current volatility for Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) is 0.15%, while Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) has a volatility of 0.38%. This indicates that TSDOX experiences smaller price fluctuations and is considered to be less risky than CUTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDOX | CUTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.38% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 0.63% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 0.89% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.33% | 1.03% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.31% | 0.93% | +0.38% |