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U.S. Global Investors U.S. Government Ultra-Short Bond Fund UGSDX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | UGSDX | Replication |
|---|---|---|
| Annualized growth | 2.5% | 3.2% |
| Annualized volatility | 1.5% | 0.6% |
| Sharpe ratio | 1.69 | 5.30 |
| Maximum drawdown | 2.4% | 1.1% |
| Replication fit (R²) | 0.19 · Tracking error 1.3% | |
Replication portfolio
The published portfolio below is the investable basket used to model UGSDX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| BIL | FI · Ultra-Short | 74.8% |
| VGSH | FI · Short Gov | 21.7% |
| MUB | FI · Municipal | 3.5% |