T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with TRBUX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TRBUX
TRBUX charges 0.31% annually. There are 26 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | TRBUX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | TRBUX vs DFIHX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | TRBUX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | TRBUX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | TRBUX vs DFYGX |
Best Risk-Adjusted Alternatives to TRBUX
TRBUX has a PortfoliosLab risk / return rank of 99. There are 14 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | TRBUX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | TRBUX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | TRBUX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | TRBUX vs PAIPX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | TRBUX vs FHQFX |
Top Performing TRBUX Alternatives (YTD)
TRBUX is at 1.39% YTD. There are 28 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | TRBUX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | TRBUX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | TRBUX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | TRBUX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | TRBUX vs TSDUX |
Lowest Volatility Alternatives to TRBUX
TRBUX has 1.75% 1-year volatility. There are 62 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | TRBUX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | TRBUX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | TRBUX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | TRBUX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | TRBUX vs BUBIX |
Lowest Drawdown Alternatives to TRBUX
TRBUX has a 1-year max drawdown of -0.39%. There are 29 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | TRBUX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | TRBUX vs FHQFX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | TRBUX vs NUSIX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | TRBUX vs MUIIX | |
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | TRBUX vs TMPFX |
Other Mutual Funds from T. Rowe Price
The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 12 | 0.19% | — | Jun 1993 | TRBUX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 39 | 4.53% | — | Jun 1986 | TRBUX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 52 | 8.54% | — | Dec 1992 | TRBUX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 64 | 10.53% | — | Nov 1994 | TRBUX vs PRCOX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 13 | 0.15% | — | Sep 1985 | TRBUX vs PRWAX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 13 | 0.26% | — | — | TRBUX vs TBCIX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 64 | 9.68% | — | Mar 1990 | TRBUX vs PREIX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 11 | -0.26% | — | Oct 2001 | TRBUX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 89 | 44.94% | — | Sep 1987 | TRBUX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 31 | 8.90% | — | Feb 2004 | TRBUX vs TRRJX |
Often Compared With TRBUX
Investors most often compare TRBUX with SGOV, RPIFX, VTAPX. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare TRBUX with Any Fund or Stock
Compare TRBUX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TRBUX with funds that move differently
T. Rowe Price Ultra Short-Term Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TRBUX.
Explore TRBUX Diversifiers