UMNIX vs. CBUDX

Last updated Jun 24, 2026

UMNIX (Lazard US Short Duration Fixed Income Portfolio) and CBUDX (CrossingBridge Ultra-Short Duration Fund) are both Ultrashort Bond funds. At a 0.05 correlation, their price movements are largely independent. UMNIX charges 0.40%/yr vs 0.89%/yr for CBUDX.

Performance

UMNIX vs. CBUDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard US Short Duration Fixed Income Portfolio (UMNIX) and CrossingBridge Ultra-Short Duration Fund (CBUDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UMNIX

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

CBUDX

• 1D: -0.10%
• 1M: 0.23%
• YTD: 1.64%
• 6M: 1.84%
• 1Y: 4.33%
• 3Y*: 5.32%
• 5Y*: —
• 10Y*: —

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

UMNIX vs. CBUDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UMNIX Lazard US Short Duration Fixed Income Portfolio	0.22%	5.02%	3.88%	3.53%	-2.72%	-0.28%
CBUDX CrossingBridge Ultra-Short Duration Fund	1.64%	5.25%	5.83%	5.61%	2.25%	0.26%

Correlation

The correlation between UMNIX and CBUDX is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.05

Return for Risk

UMNIX vs. CBUDX — Risk / Return Rank

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

UMNIX

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

CBUDX

CBUDX Risk / Return Rank: 99
CBUDX Sharpe Ratio Rank: 100
CBUDX Sortino Ratio Rank: 99
CBUDX Omega Ratio Rank: 99
CBUDX Calmar Ratio Rank: 99
CBUDX 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.

UMNIX vs. CBUDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard US Short Duration Fixed Income Portfolio (UMNIX) and CrossingBridge Ultra-Short Duration Fund (CBUDX). 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.

	UMNIX	CBUDX	Difference
Sharpe ratio: Return per unit of total volatility	—	5.21	—
Sortino ratio: Return per unit of downside risk	—	9.62	—
Omega ratio: Gain probability vs. loss probability	—	3.94	—
Calmar ratio: Return relative to maximum drawdown	—	11.11	—
Martin ratio: Return relative to average drawdown	—	74.62	—

Drawdowns

Drawdown Indicators

	UMNIX	CBUDX	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.40%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.40%	—
Current Drawdown Current decline from peak	—	-0.10%	—
Average Drawdown Average peak-to-trough decline	—	-0.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.06%	—

Volatility

Volatility by Period

	UMNIX	CBUDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.86%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.92%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.92%	—

UMNIX vs. CBUDX - Expense Ratio Comparison

UMNIX has a 0.40% expense ratio, which is lower than CBUDX's 0.89% expense ratio.

Dividends

UMNIX vs. CBUDX - Dividend Comparison

UMNIX's dividend yield for the trailing twelve months is around 2.96%, less than CBUDX's 4.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBUDX CrossingBridge Ultra-Short Duration Fund	4.44%	4.61%	5.68%	5.67%	2.94%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UMNIX Lazard US Short Duration Fixed Income Portfolio	2.96%	3.94%	3.48%	2.70%	1.30%	0.16%	1.22%	2.48%	2.00%	1.53%	1.30%	1.06%

Frequently Asked Questions

Can I hold both UMNIX and CBUDX in my portfolio?

UMNIX and CBUDX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.