PRWBX Alternatives & Similar Mutual Funds

T. Rowe Price Short-Term Bond Fund (PRWBX) belongs to the Short-Term Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PRWBX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PRWBX

PRWBX charges 0.43% annually. There are 35 mutual funds in the Short-Term Bond category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
VISTX	Vanguard Institutional Short-Term Bond Fund	0.02%	—	Jun 2015	PRWBX vs VISTX
VIITX	Vanguard Institutional Intermediate-Term Bond Fund	0.02%	—	Jun 2015	PRWBX vs VIITX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	PRWBX vs FUMBX
SWSBX	Schwab Short-Term Bond Index Fund	0.06%	—	Feb 2017	PRWBX vs SWSBX
TNSHX	TIAA-CREF Short-Term Bond Index Fund	0.09%	—	Aug 2015	PRWBX vs TNSHX

Best Risk-Adjusted Alternatives to PRWBX

PRWBX has a PortfoliosLab risk / return rank of 90. There are 15 mutual funds in the Short-Term Bond category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
GPICX	GuidepathConservative Income Fund	99	—	Apr 2018	PRWBX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	99	—	Jul 2016	PRWBX vs DHEIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	99	—	Jul 2016	PRWBX vs DHEAX
DFAIX	DFA Short-Duration Real Return Portfolio	98	—	Nov 2013	PRWBX vs DFAIX
BATAX	BlackRock Allocation Target Shares Series A Portfo...	97	—	Sep 2015	PRWBX vs BATAX

Top Performing PRWBX Alternatives (YTD)

PRWBX is at 0.38% YTD. There are 87 mutual funds in the Short-Term Bond category with higher YTD returns, going as high as 8.20%.

Symbol	Name	YTD Return	AUM	Inception
GPARX	GuidePath Absolute Return Allocation Fund	8.20%	—	Apr 2011	PRWBX vs GPARX
LCCMX	Leader Short Term High Yield Bond Fund	4.01%	—	Jul 2005	PRWBX vs LCCMX
DFAIX	DFA Short-Duration Real Return Portfolio	2.10%	—	Nov 2013	PRWBX vs DFAIX
HOBEX	Holbrook Income Fund	1.91%	—	Jul 2016	PRWBX vs HOBEX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	1.88%	—	Jul 2016	PRWBX vs DHEIX

Lowest Volatility Alternatives to PRWBX

PRWBX has 2.29% 1-year volatility. There are 100 mutual funds in the Short-Term Bond category with lower 1-year volatility, going as low as 0.80%.

Symbol	Name	Volatility 1Y	AUM	Inception
GPICX	GuidepathConservative Income Fund	0.80%	—	Apr 2018	PRWBX vs GPICX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	1.07%	—	Jul 2016	PRWBX vs DHEIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	1.12%	—	Jul 2016	PRWBX vs DHEAX
DFEQX	DFA Short-Term Extended Quality Portfolio	1.13%	—	Mar 2009	PRWBX vs DFEQX
DLSNX	DoubleLine Low Duration Bond Fund Class N	1.19%	—	Sep 2011	PRWBX vs DLSNX

Lowest Drawdown Alternatives to PRWBX

PRWBX has a 1-year max drawdown of -1.07%. There are 28 mutual funds in the Short-Term Bond category with shallower 1-year drawdowns, going as shallow as -0.25%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GPICX	GuidepathConservative Income Fund	-0.25%	—	Apr 2018	PRWBX vs GPICX
DFAIX	DFA Short-Duration Real Return Portfolio	-0.47%	—	Nov 2013	PRWBX vs DFAIX
DHEAX	Diamond Hill Short Duration Securitized Bond Fund	-0.50%	—	Jul 2016	PRWBX vs DHEAX
DHEIX	Diamond Hill Short Duration Securitized Bond Fund ...	-0.50%	—	Jul 2016	PRWBX vs DHEIX
HOBEX	Holbrook Income Fund	-0.61%	—	Jul 2016	PRWBX vs HOBEX

Other Mutual Funds from T. Rowe Price

The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TRBCX	T. Rowe Price Blue Chip Growth Fund	Large Cap Growth Equities	12	0.19%	—	Jun 1993	PRWBX vs TRBCX
PRWCX	T. Rowe Price Capital Appreciation Fund	Diversified Portfolio	39	4.53%	—	Jun 1986	PRWBX vs PRWCX
PRDGX	T. Rowe Price Dividend Growth Fund, Inc.	Large Cap Blend Equities, Dividend	52	8.54%	—	Dec 1992	PRWBX vs PRDGX
PRWAX	T. Rowe Price All-Cap Opportunities Fund	Large Cap Growth Equities	13	0.15%	—	Sep 1985	PRWBX vs PRWAX
PRCOX	T. Rowe Price U.S. Equity Research Fund	Large Cap Blend Equities	64	10.53%	—	Nov 1994	PRWBX vs PRCOX
TBCIX	T. Rowe Price Blue Chip Growth Fund I Class	Large Cap Growth Equities	13	0.26%	—	—	PRWBX vs TBCIX
PREIX	T. Rowe Price Equity Index 500 Fund	Large Cap Blend Equities	64	9.68%	—	Mar 1990	PRWBX vs PREIX
TRLGX	T. Rowe Price Large-Cap Growth Fund	Large Cap Growth Equities	11	-0.26%	—	Oct 2001	PRWBX vs TRLGX
PRSCX	T. Rowe Price Science And Technology Fund	Technology Equities	89	44.94%	—	Sep 1987	PRWBX vs PRSCX
TRRJX	T. Rowe Price Retirement 2035 Fund	Target Retirement Date	31	8.90%	—	Feb 2004	PRWBX vs TRRJX

Often Compared With PRWBX

Investors most often compare PRWBX with DFIHX, PRTIX, DFGFX. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
DFIHX	DFA One Year Fixed Income Portfolio	Ultrashort Bond	99	1.52%	—	Jul 1983	PRWBX vs DFIHX
PRTIX	T. Rowe Price U.S. Treasury Intermediate Index Fun...	Government Bonds	14	-1.03%	—	Sep 1989	PRWBX vs PRTIX
DFGFX	DFA Two Year Global Fixed Income Portfolio	Global Bonds	43	1.80%	—	Feb 1996	PRWBX vs DFGFX
FCNTX	Fidelity Contrafund	Large Cap Growth Equities	37	8.62%	176.32B	May 1967	PRWBX vs FCNTX
FCNVX	Fidelity Conservative Income Bond Institutional Cl...	Total Bond Market	99	1.40%	—	Mar 2011	PRWBX vs FCNVX
DFSD	Dimensional Short-Duration Fixed Income ETF	Short-Term Bond	52	0.22%	6.90B	Nov 2021	PRWBX vs DFSD
PRNHX	T. Rowe Price New Horizons Fund	Mid Cap Growth Equities	37	17.64%	—	Jun 1960	PRWBX vs PRNHX
DFCFX	DFA Two-Year Fixed Income Portfolio	Short-Term Bond	65	1.62%	—	Jun 1996	PRWBX vs DFCFX
TSDLX	T. Rowe Price Short Duration Income Fund	Short-Term Bond	86	0.58%	—	Dec 2020	PRWBX vs TSDLX
STBFX	Sextant Short Term Bond Fund	Short-Term Bond	—	—	—	Sep 1995	PRWBX vs STBFX
VBISX	Vanguard Short-Term Bond Index Fund	Short-Term Bond	29	-0.13%	—	Mar 1994	PRWBX vs VBISX
DLDFX	Destinations Low Duration Fixed Income Fund	Short-Term Bond	95	1.72%	—	Mar 2017	PRWBX vs DLDFX
DBLSX	DoubleLine Low Duration Bond Fund	Short-Term Bond	97	1.06%	—	Sep 2011	PRWBX vs DBLSX
SNSAX	SEI Asset Allocation Trust Defensive Strategy Fund	Short-Term Bond	85	1.56%	—	Nov 2003	PRWBX vs SNSAX
RPBAX	T. Rowe Price Balanced Fund	Diversified Portfolio	53	6.20%	—	Dec 1939	PRWBX vs RPBAX
TRBUX	T. Rowe Price Ultra Short-Term Bond Fund	Ultrashort Bond	99	1.39%	—	Dec 2012	PRWBX vs TRBUX
OTCFX	T. Rowe Price Small-Cap Stock Fund	Small Cap Growth Equities	43	15.89%	—	Jun 1956	PRWBX vs OTCFX
TRSTX	T. Rowe Price Ultra Short-Term Bond Fund Class I	Ultrashort Bond	99	1.64%	—	Jul 2017	PRWBX vs TRSTX
TRGOX	T. Rowe Price Large-Cap Growth Fund Investor Class	Large Cap Growth Equities	11	-0.32%	—	May 2020	PRWBX vs TRGOX
PRHIX	T. Rowe Price High Yield Fund Class I	High Yield Bonds	72	1.25%	—	Aug 2015	PRWBX vs PRHIX

Compare PRWBX with Any Fund or Stock

Compare PRWBX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair PRWBX with funds that move differently

T. Rowe Price Short-Term Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRWBX.

Explore PRWBX Diversifiers

T. Rowe Price Short-Term Bond Fund (PRWBX) Alternatives