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T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) Sharpe Ratio: 0.68

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks a level of income that is consistent with the current rate of inflation. The fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. It will invest in a diversified portfolio of short- and intermediate-term investment-grade inflation-linked securities, including Treasury Inflation Protected Securities, as well as corporate, government, mortgage-backed and asset-backed securities. The fund will invest at least 20% of its net assets in inflation-linked securities, although normally the advisor expects to invest 50% or more of its net assets in inflation-linked securities.

TRBFX's Sharpe Ratio of 0.68 indicates that for each unit of volatility, it generates 0.68 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

TRBFX Sharpe Ratio Rank

TRBFX Sharpe Ratio Rank: 8.69
Concerning

TRBFX ranks above 8.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

TRBFX Sharpe Ratio Market Positioning

The chart shows TRBFX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.31 or lower
  • Yellow zone (middle 50%): 1.31 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.28+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares T. Rowe Price Limited Duration Inflation Focused Bond Fund's Sharpe Ratio with other mutual funds in the Inflation-Protected Bonds category across multiple time periods, showing how TRBFX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
IPBAXAllspring Real Return Fund2.64
VTSPXVanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares2.32
VTIPXVanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares2.31
VTAPXVanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares2.29
FSTZXFidelity Series 0-5 Year Inflation-Protected Bond Index Fund2.14
LIFAXLord Abbett Inflation Focused Fund Class A1.85
RRPAXSEI Institutional Investments Trust Real Return Fund1.83
SRAAXSEI Institutional Managed Trust Real Return Fund1.80
EIRRXEaton Vance Short Duration Inflation-Protected Income Fund1.80
APOIXAmerican Century Short Duration Inflation Protection Bond Fund Investor Class1.77
TRBFXT. Rowe Price Limited Duration Inflation Focused Bond Fund0.68

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows TRBFX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when TRBFX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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