- Issuer
- T. Rowe Price
- Inception Date
- Nov 1, 2020
- Category
- Inflation-Protected Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TLDTX Performance Chart
T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) is up 1.3% since the beginning of the year. TLDTX is currently trading at $9 per share. Investors who bought $1,000 worth of TLDTX shares 5 years ago would now be looking at an investment worth $1,078.
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Compare this symbol against anything
Returns By Period
T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) has returned 1.26% so far this year and 2.39% over the past 12 months.
T. Rowe Price U.S. Limited Duration TIPS Index Fund
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 0.69%
- YTD
- 1.26%
- 1Y
- 2.39%
- 3Y*
- 3.68%
- 5Y*
- 1.52%
- 10Y*
- —
- ALL TIME*
- 2.34%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TLDTX Monthly Returns History
Based on dividend-adjusted daily data since Nov 17, 2020, TLDTX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Mar 2023 with a return of +1.8%, while the worst month was Sep 2022 at -3.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TLDTX closed higher 39% of trading days. The best single day was Dec 31, 2021 with a return of +3.9%, while the worst single day was Dec 8, 2021 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.56% | 0.33% | -0.09% | 0.99% | -0.11% | -0.53% | 0.11% | 1.26% | |||||
| 2025 | 1.05% | 1.35% | 1.01% | 0.79% | -0.39% | 0.46% | 0.35% | 1.43% | -0.19% | 0.04% | 0.24% | 0.03% | 6.32% |
| 2024 | 0.39% | -0.40% | 0.61% | -0.21% | 0.99% | 0.66% | 0.98% | 0.61% | 1.11% | -0.78% | -2.36% | -0.39% | 1.16% |
| 2023 | 0.87% | -0.76% | 1.75% | 0.21% | -1.07% | -0.43% | 0.33% | 0.00% | -0.33% | 0.22% | 1.14% | 1.29% | 3.23% |
| 2022 | -0.78% | 0.98% | -0.97% | -0.39% | 0.20% | -1.58% | 1.70% | -1.87% | -3.51% | 0.94% | 0.78% | -0.33% | -4.84% |
| 2021 | 0.59% | 0.10% | 0.49% | 0.97% | 0.67% | -0.10% | 1.44% | -0.09% | -0.00% | 0.57% | -0.09% | 0.43% | 5.08% |
Benchmark Metrics
T. Rowe Price U.S. Limited Duration TIPS Index Fund has an annualized alpha of 2.05%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 17, 2020.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.85%) than losses (8.65%) - typical of diversified or defensive assets.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this fund 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 fund's risk.
- R2 of 0.01 means this fund 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.
- Alpha
- 2.05%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 9.85%
- Downside Capture
- 8.65%
Expense Ratio
TLDTX has an expense ratio of 0.21%, which is considered low.
Return for Risk
Risk / Return Rank
TLDTX ranks 18 for risk / return — above 18% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TLDTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 2.00 | -1.17 |
| Martin ratioReturn relative to average drawdown | 1.49 | 8.49 | -7.00 |
Dividends
Dividend History
T. Rowe Price U.S. Limited Duration TIPS Index Fund provided a 4.22% dividend yield over the last twelve months, with an annual payout of $0.39 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.43 | $0.15 | $0.37 | $0.59 | $0.42 |
Dividend yield | 4.22% | 4.66% | 1.63% | 4.09% | 6.45% | 4.11% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price U.S. Limited Duration TIPS Index Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.06 | |||||
| 2025 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.28 | $0.01 | $0.43 |
| 2024 | $0.02 | $0.01 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.01 | $0.02 | $0.04 | $0.01 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.02 | $0.37 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $0.00 | $0.59 |
| 2021 | $0.42 | $0.42 |
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 U.S. Limited Duration TIPS Index Fund. 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 U.S. Limited Duration TIPS Index Fund was 7.24%, occurring on Sep 30, 2022. Recovery took 459 trading sessions.
The current T. Rowe Price U.S. Limited Duration TIPS Index Fund drawdown is 1.71%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-7.24%Sep 2022 | 6mo 20d | 1y 10mo | 2y 4moMar 2022 - Jul 2024 | Bear market2022 |
-5.04%Dec 2021 | 26d | 2mo 17d | 3mo 13dNov 2021 - Mar 2022 | — |
-4.50%Dec 2024 | 2mo 18d | 3mo 14d | 6mo 2dOct 2024 - Apr 2025 | — |
-3.28%Dec 2025 | 11d | — | 8mo 7dNov 2025 - now | — |
-1.18%Apr 2025 | 7d | 17d | 24dApr 2025 - Apr 2025 | 2025 selloff2025 |
Drawdown Indicators
| TLDTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.24% | -56.78% | +49.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -9.10% | +5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -18.90% | +14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -7.24% | -25.43% | +18.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.71% | -1.58% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -10.70% | +8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.14% | -0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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