T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX) 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 TRSTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TRSTX
TRSTX charges 0.20% annually. There are 6 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 | TRSTX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | TRSTX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | TRSTX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | TRSTX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | TRSTX vs DFYGX |
Best Risk-Adjusted Alternatives to TRSTX
TRSTX has a PortfoliosLab risk / return rank of 99. There are 30 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 | TRSTX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | TRSTX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | TRSTX vs DFIHX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | TRSTX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | TRSTX vs PAIPX |
Top Performing TRSTX Alternatives (YTD)
TRSTX is at 1.64% YTD. There are 41 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.62% | — | Dec 2010 | TRSTX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | TRSTX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | TRSTX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | TRSTX vs TRBUX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 2.01% | — | Mar 2016 | TRSTX vs TSDUX |
Lowest Volatility Alternatives to TRSTX
TRSTX has 1.49% 1-year volatility. There are 52 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 | TRSTX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | TRSTX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.64% | — | Jul 1983 | TRSTX vs DFIHX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | TRSTX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.66% | — | Sep 1987 | TRSTX vs PRTBX |
Lowest Drawdown Alternatives to TRSTX
TRSTX has a 1-year max drawdown of -0.20%. There are 8 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | TRSTX vs BUBSX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | TRSTX vs FHQFX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | TRSTX vs NUSIX | |
| Fidelity Conservative Income Bond Institutional Cl... | -0.10% | — | Mar 2011 | TRSTX vs FCNVX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | TRSTX vs MUIIX |
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 | 10 | 0.74% | — | Jun 1993 | TRSTX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 51 | 7.27% | — | Jun 1986 | TRSTX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 62 | 10.28% | — | Dec 1992 | TRSTX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 60 | 10.99% | — | Nov 1994 | TRSTX vs PRCOX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 11 | 0.81% | — | — | TRSTX vs TBCIX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 12 | 0.80% | — | Sep 1985 | TRSTX vs PRWAX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 64 | 10.75% | — | Mar 1990 | TRSTX vs PREIX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 12 | 3.13% | — | Oct 2001 | TRSTX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 55 | 26.04% | — | Sep 1987 | TRSTX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 28 | 8.90% | — | Feb 2004 | TRSTX vs TRRJX |
Often Compared With TRSTX
Investors most often compare TRSTX with ICIFX, FISAX, USIAX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare TRSTX with Any Fund or Stock
Compare TRSTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TRSTX with funds that move differently
T. Rowe Price Ultra Short-Term Bond Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TRSTX.
Explore TRSTX Diversifiers