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.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Ultra Short-Term Bond ETF (TBUX) returned 1.72% year-to-date (YTD) and 5.80% over the past 12 months.
TBUX
1.72%
0.40%
2.49%
5.80%
N/A
N/A
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
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% | 0.53% | 0.27% | 0.38% | 0.02% | 1.72% | |||||||
| 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.
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Dividends
Dividend History
T. Rowe Price Ultra Short-Term Bond ETF provided a 5.20% dividend yield over the last twelve months, with an annual payout of $2.58 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $2.58 | $2.67 | $2.30 | $1.25 | $0.13 |
Dividend yield | 5.20% | 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 | $0.19 | $0.19 | $0.19 | $0.00 | $0.77 | |||||||
| 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.
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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.
The current T. Rowe Price Ultra Short-Term Bond ETF drawdown is 0.09%.
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 |
| -0.33% | Apr 4, 2025 | 2 | Apr 7, 2025 | 9 | Apr 21, 2025 | 11 |
| -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 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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