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
| CUSIP | 87283Q701 |
|---|---|
| Issuer | T. Rowe Price |
| Inception Date | Sep 28, 2021 |
| Category | Ultrashort Bond |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.troweprice.com |
| Asset Class | Bond |
Expense Ratio
TBUX features an expense ratio of 0.17%, falling within the medium range.
Share Price Chart
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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 2.38% year-to-date (YTD) and 6.71% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.38% | 10.00% |
| 1 month | 0.56% | 2.41% |
| 6 months | 3.75% | 16.70% |
| 1 year | 6.71% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.74% | 0.41% | 0.47% | 0.37% | 2.38% | ||||||||
| 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% | 6.39% |
| 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% | -0.09% | -0.09% | -0.04% | -0.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TBUX is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
TBUX (T. Rowe Price Ultra Short-Term Bond ETF)
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 granted a 5.08% dividend yield in the last twelve months. The annual payout for that period amounted to $2.52 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $2.52 | $2.29 | $1.25 | $0.13 |
Dividend yield | 5.08% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.22 | $0.22 | $0.21 | $0.21 | $0.00 | $0.86 | |||||||
| 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 | $2.29 |
| 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.
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 |
| -0.24% | Apr 10, 2024 | 1 | Apr 10, 2024 | 9 | Apr 23, 2024 | 10 |
| -0.13% | Mar 11, 2024 | 1 | Mar 11, 2024 | 7 | Mar 20, 2024 | 8 |
| -0.13% | Apr 30, 2024 | 1 | Apr 30, 2024 | 2 | May 2, 2024 | 3 |
Volatility
Volatility Chart
The current T. Rowe Price Ultra Short-Term Bond ETF volatility is 0.40%, 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.