UGSDX vs. ^GSPC
Compare and contrast key facts about U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX) and S&P 500 (^GSPC).
UGSDX is managed by U.S. Global Investors. It was launched on Dec 2, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UGSDX or ^GSPC.
Key characteristics
| UGSDX | ^GSPC | |
|---|---|---|
| YTD Return | 3.26% | 18.13% |
| 1Y Return | 4.57% | 26.52% |
| 3Y Return (Ann) | 1.92% | 8.36% |
| 5Y Return (Ann) | 1.19% | 13.43% |
| 10Y Return (Ann) | 1.68% | 10.88% |
| Sharpe Ratio | 2.06 | 2.10 |
| Daily Std Dev | 2.22% | 12.68% |
| Max Drawdown | -80.81% | -56.78% |
| Current Drawdown | -57.93% | -0.58% |
Correlation
The correlation between UGSDX and ^GSPC is 0.01, 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.
Performance
UGSDX vs. ^GSPC - Performance Comparison
In the year-to-date period, UGSDX achieves a 3.26% return, which is significantly lower than ^GSPC's 18.13% return. Over the past 10 years, UGSDX has underperformed ^GSPC with an annualized return of 1.68%, while ^GSPC has yielded a comparatively higher 10.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
UGSDX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX) and S&P 500 (^GSPC). 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.
Drawdowns
UGSDX vs. ^GSPC - Drawdown Comparison
The maximum UGSDX drawdown since its inception was -80.81%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for UGSDX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
UGSDX vs. ^GSPC - Volatility Comparison
The current volatility for U.S. Global Investors U.S. Government Ultra-Short Bond Fund (UGSDX) is 0.74%, while S&P 500 (^GSPC) has a volatility of 4.08%. This indicates that UGSDX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.