USFI vs. SAPH

Last updated Jul 30, 2026

USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) and SAPH (ADRhedged SAP ETF) are both Actively Managed funds. Both are actively managed. Over the past year, USFI returned 3.87% vs -32.30% for SAPH. Their 0.10 correlation means their historical movements had little consistent relationship. USFI charges 0.39%/yr vs 0.19%/yr for SAPH.

Performance

USFI vs. SAPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) and ADRhedged SAP ETF (SAPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USFI achieves a 0.45% return, which is significantly higher than SAPH's -19.27% return.

USFI

• 1D: -0.33%
• 1M: -1.09%
• 6M: 0.39%
• YTD: 0.45%
• 1Y: 3.87%
• 3Y*: 3.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.79%

SAPH

• 1D: 3.32%
• 1M: 19.22%
• 6M: -15.81%
• YTD: -19.27%
• 1Y: -32.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -20.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SAPH ADRhedged SAP ETF	$30.61K	$28.06K	$22.54K
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	$228.87	$276.61	$7.08K

USFI vs. SAPH - Yearly Performance Comparison

	2026 (YTD)	2025
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	0.45%	7.07%
SAPH ADRhedged SAP ETF	-19.27%	-13.65%

Correlation

The correlation between USFI and SAPH is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025	0.10

Return for Risk

USFI vs. SAPH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USFI

USFI Risk / Return Rank: 65
USFI Sharpe Ratio Rank: 53
USFI Sortino Ratio Rank: 60
USFI Omega Ratio Rank: 53
USFI Calmar Ratio Rank: 88
USFI Martin Ratio Rank: 72

SAPH

SAPH Risk / Return Rank: 3
SAPH Sharpe Ratio Rank: 2
SAPH Sortino Ratio Rank: 3
SAPH Omega Ratio Rank: 2
SAPH Calmar Ratio Rank: 4
SAPH Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USFI vs. SAPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) and ADRhedged SAP ETF (SAPH). 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.

	USFI	SAPH	Difference
Sharpe ratio: Return per unit of total volatility	1.21	-0.87	+2.08
Sortino ratio: Return per unit of downside risk	1.95	-1.15	+3.09
Omega ratio: Gain probability vs. loss probability	1.23	0.85	+0.37
Calmar ratio: Return relative to maximum drawdown	3.52	-0.69	+4.20
Martin ratio: Return relative to average drawdown	8.32	-1.11	+9.43

USFI vs. SAPH - Sharpe Ratio Comparison

The current USFI Sharpe Ratio is 1.21, which is higher than the SAPH Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of USFI and SAPH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USFI vs. SAPH - Drawdown Comparison

The maximum USFI drawdown since its inception was -8.47%, smaller than the maximum SAPH drawdown of -51.72%. Use the drawdown chart below to compare losses from any high point for USFI and SAPH.

Drawdown Indicators

	USFI	SAPH	Difference
Max Drawdown Largest peak-to-trough decline	-8.47%	-51.72%	+43.25%
Max Drawdown (1Y) Largest decline over 1 year	-1.11%	-47.17%	+46.06%
Max Drawdown (3Y) Largest decline over 3 years	-8.47%	—	—
Current Drawdown Current decline from peak	-1.11%	-39.47%	+38.36%
Average Drawdown Average peak-to-trough decline	-2.06%	-23.11%	+21.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	29.05%	-28.58%

Volatility

USFI vs. SAPH - Volatility Comparison

The current volatility for BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) is 0.80%, while ADRhedged SAP ETF (SAPH) has a volatility of 15.24%. This indicates that USFI experiences smaller price fluctuations and is considered to be less risky than SAPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFI	SAPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	15.24%	-14.44%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	33.67%	-32.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.22%	37.36%	-34.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	35.48%	-28.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	35.48%	-28.63%

USFI vs. SAPH - Expense Ratio Comparison

USFI has a 0.39% expense ratio, which is higher than SAPH's 0.19% expense ratio.

Dividends

USFI vs. SAPH - Dividend Comparison

USFI's dividend yield for the trailing twelve months is around 4.46%, more than SAPH's 3.46% yield.

Position	TTM	2025	2024	2023
SAPH ADRhedged SAP ETF	3.46%	0.00%	0.00%	0.00%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.46%	4.42%	4.60%	1.83%

Frequently Asked Questions

Can I hold both USFI and SAPH in my portfolio?

USFI and SAPH have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USFI or SAPH?

SAPH has higher volatility (15.24%) compared to USFI (0.80%). In terms of maximum drawdown, USFI dropped -8.47% vs SAPH's -51.72%.

Which ETF is better, USFI or SAPH?

On 1-year performance, USFI leads with 3.87% vs -32.30% for SAPH. On fees, SAPH is cheaper at 0.19% per year. On volatility, USFI has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USFI or SAPH?

Over the 1-year period, USFI has performed better with a 3.87% return vs -32.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USFI or SAPH?

SAPH is cheaper with a 0.19% expense ratio, compared with 0.39% for USFI.

Which ETF pays a higher dividend yield, USFI or SAPH?

USFI has the higher dividend yield at 4.46%, compared with 3.46% for SAPH.

What is the main difference between USFI and SAPH?

They also come from different issuers: BrandywineGLOBAL and ADRhedged. Their fees differ too: 0.39% for USFI and 0.19% for SAPH.

Which has better risk-adjusted returns?

USFI currently has the higher Sharpe Ratio (1.21 vs -0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.