T. Rowe Price Ultra Short-Term Bond ETF (TBUX)
The ETF invests in a diverse range of shorter-term investment-grade securities, including corporate, government, and asset-backed securities. It maintains a focus on investment-grade ratings for its holdings, with at least 80% allocated to bonds.
ETF Info
87283Q701
Sep 28, 2021
1x
No Index (Active)
Distributing
Expense Ratio
TBUX has an expense ratio of 0.17%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Ultra Short-Term 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.
Returns By Period
T. Rowe Price Ultra Short-Term Bond ETF had a return of 0.83% year-to-date (YTD) and 6.30% in the last 12 months.
TBUX
0.83%
0.45%
2.80%
6.30%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of TBUX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.51% | 0.83% | |||||||||||
| 2024 | 0.74% | 0.41% | 0.47% | 0.37% | 0.64% | 0.49% | 0.70% | 0.73% | 0.59% | 0.23% | 0.55% | 0.28% | 6.38% |
| 2023 | 0.81% | 0.18% | 0.36% | 0.50% | 0.25% | 0.50% | 0.64% | 0.51% | 0.38% | 0.43% | 0.82% | 0.86% | 6.40% |
| 2022 | -0.11% | -0.21% | -0.53% | -0.30% | 0.11% | -0.43% | 0.24% | 0.17% | -0.20% | -0.16% | 0.70% | 0.61% | -0.13% |
| 2021 | -0.01% | -0.08% | -0.09% | -0.04% | -0.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, TBUX is among the top 1% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Ultra Short-Term Bond ETF (TBUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Ultra Short-Term Bond ETF provided a 5.31% dividend yield over the last twelve months, with an annual payout of $2.65 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $2.65 | $2.67 | $2.30 | $1.25 | $0.13 |
Dividend yield | 5.31% | 5.39% | 4.67% | 2.58% | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Ultra Short-Term Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.20 | $0.00 | $0.20 | ||||||||||
| 2024 | $0.22 | $0.22 | $0.21 | $0.21 | $0.20 | $0.22 | $0.24 | $0.22 | $0.22 | $0.20 | $0.21 | $0.30 | $2.67 |
| 2023 | $0.14 | $0.16 | $0.17 | $0.17 | $0.18 | $0.18 | $0.14 | $0.21 | $0.21 | $0.22 | $0.22 | $0.30 | $2.30 |
| 2022 | $0.01 | $0.03 | $0.04 | $0.04 | $0.05 | $0.18 | $0.07 | $0.09 | $0.11 | $0.14 | $0.13 | $0.37 | $1.25 |
| 2021 | $0.02 | $0.03 | $0.08 | $0.13 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Ultra Short-Term 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 Ultra Short-Term Bond ETF was 1.79%, occurring on Jun 28, 2022. Recovery took 137 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.79% | Sep 30, 2021 | 187 | Jun 28, 2022 | 137 | Jan 12, 2023 | 324 |
| -0.48% | Mar 14, 2023 | 3 | Mar 16, 2023 | 12 | Apr 3, 2023 | 15 |
| -0.28% | Sep 4, 2024 | 1 | Sep 4, 2024 | 7 | Sep 13, 2024 | 8 |
| -0.24% | Apr 10, 2024 | 1 | Apr 10, 2024 | 9 | Apr 23, 2024 | 10 |
| -0.22% | Nov 14, 2024 | 2 | Nov 15, 2024 | 5 | Nov 22, 2024 | 7 |
Volatility
Volatility Chart
The current T. Rowe Price Ultra Short-Term Bond ETF volatility is 0.27%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.