TSDUX vs. BUBSX
Compare and contrast key facts about Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) and Baird Ultra Short Bond Fund (BUBSX).
TSDUX is managed by Morgan Stanley. It was launched on Mar 8, 2016. BUBSX is managed by Baird. It was launched on Dec 31, 2013.
Performance
TSDUX vs. BUBSX - Performance Comparison
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TSDUX vs. BUBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 0.56% | 3.24% | 6.04% | 5.94% | 0.41% | -0.11% | 2.06% | 2.65% | 1.64% | 1.73% |
BUBSX Baird Ultra Short Bond Fund | 0.70% | 4.53% | 5.47% | 5.43% | 0.70% | -0.05% | 1.66% | 2.87% | 1.61% | 1.05% |
Returns By Period
In the year-to-date period, TSDUX achieves a 0.56% return, which is significantly lower than BUBSX's 0.70% return. Both investments have delivered pretty close results over the past 10 years, with TSDUX having a 2.61% annualized return and BUBSX not far behind at 2.48%.
TSDUX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.56%
- 6M
- 0.87%
- 1Y
- 2.55%
- 3Y*
- 4.92%
- 5Y*
- 3.14%
- 10Y*
- 2.61%
BUBSX
- 1D
- 0.00%
- 1M
- 0.13%
- YTD
- 0.70%
- 6M
- 1.69%
- 1Y
- 4.08%
- 3Y*
- 4.97%
- 5Y*
- 3.31%
- 10Y*
- 2.48%
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TSDUX vs. BUBSX - Expense Ratio Comparison
TSDUX has a 0.62% expense ratio, which is higher than BUBSX's 0.40% expense ratio.
Return for Risk
TSDUX vs. BUBSX — Risk / Return Rank
TSDUX
BUBSX
TSDUX vs. BUBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) and Baird Ultra Short Bond Fund (BUBSX). 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.
| TSDUX | BUBSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 6.30 | -4.31 |
Sortino ratioReturn per unit of downside risk | 2.82 | 17.90 | -15.08 |
Omega ratioGain probability vs. loss probability | 1.79 | 8.30 | -6.51 |
Calmar ratioReturn relative to maximum drawdown | 4.43 | 41.37 | -36.95 |
Martin ratioReturn relative to average drawdown | 20.41 | 223.49 | -203.09 |
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
| TSDUX | BUBSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 6.30 | -4.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.95 | 4.42 | -1.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.43 | 3.54 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.42 | 3.11 | -0.69 |
Correlation
The correlation between TSDUX and BUBSX is 0.07, 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
TSDUX vs. BUBSX - Dividend Comparison
TSDUX's dividend yield for the trailing twelve months is around 2.10%, less than BUBSX's 4.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSDUX Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund | 2.10% | 3.09% | 5.03% | 1.55% | 6.36% | 0.60% | 1.65% | 2.84% | 2.66% | 2.22% | 1.87% | 0.00% |
BUBSX Baird Ultra Short Bond Fund | 4.11% | 4.24% | 5.04% | 4.39% | 1.29% | 0.25% | 1.14% | 2.33% | 1.90% | 1.04% | 0.81% | 0.56% |
Drawdowns
TSDUX vs. BUBSX - Drawdown Comparison
The maximum TSDUX drawdown since its inception was -3.94%, which is greater than BUBSX's maximum drawdown of -1.88%. Use the drawdown chart below to compare losses from any high point for TSDUX and BUBSX.
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Drawdown Indicators
| TSDUX | BUBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -1.88% | -2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -0.10% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -1.72% | -0.83% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -3.94% | -1.88% | -2.06% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.08% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 0.02% | +0.14% |
Volatility
TSDUX vs. BUBSX - Volatility Comparison
Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed Income Fund (TSDUX) has a higher volatility of 0.31% compared to Baird Ultra Short Bond Fund (BUBSX) at 0.17%. This indicates that TSDUX's price experiences larger fluctuations and is considered to be riskier than BUBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDUX | BUBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.17% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 0.46% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.52% | 0.65% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.10% | 0.75% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.09% | 0.70% | +0.39% |