T. Rowe Price QM U.S. Bond ETF (TAGG)

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The chart shows the growth of an initial investment of $10,000 in T. Rowe Price QM U.S. Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

T. Rowe Price QM U.S. Bond ETF (TAGG) has returned 0.05% so far this year and 4.11% over the past 12 months.

Based on dividend-adjusted daily data since Sep 29, 2021, TAGG's average daily return is 0.00%, while the average monthly return is +0.04%. At this rate, your investment would double in approximately 144.4 years.

Historically, 53% of months were positive and 47% were negative. The best month was Nov 2023 with a return of +4.8%, while the worst month was Sep 2022 at -4.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.

On a daily basis, TAGG closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +2.0%, while the worst single day was Jun 13, 2022 at -1.6%.

T. Rowe Price QM U.S. Bond ETF has an annualized alpha of -0.15%, beta of 0.06, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 30, 2021.

• This ETF participated in 37.96% of S&P 500 Index downside but only 19.11% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.06 may look defensive, but with R² of 0.02 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.02 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TAGG has an expense ratio of 0.08%, which is considered low.

TAGG ranks 42 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond ETF (TAGG) and compare them to a chosen benchmark (S&P 500 Index).

T. Rowe Price QM U.S. Bond ETF provided a 4.53% dividend yield over the last twelve months, with an annual payout of $1.93 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for T. Rowe Price QM U.S. Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the T. Rowe Price QM U.S. Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the T. Rowe Price QM U.S. Bond ETF was 17.26%, occurring on Oct 20, 2022. Recovery took 749 trading sessions.

The current T. Rowe Price QM U.S. Bond ETF drawdown is 2.15%.

The chart below shows the rolling one-month volatility.