FJTDX vs. TRBUX
FJTDX (Fidelity Flex Conservative Income Bond Fund) and TRBUX (T. Rowe Price Ultra Short-Term Bond Fund) are both mutual funds - FJTDX is a Total Bond Market fund managed by Fidelity, while TRBUX is a Ultrashort Bond fund managed by T. Rowe Price. Over the past 5 years, FJTDX returned 3.74%/yr vs 5.59%/yr for TRBUX. Their 0.36 correlation means their historical movements had little consistent relationship. FJTDX charges 0.00%/yr vs 0.31%/yr for TRBUX.
Performance
FJTDX vs. TRBUX - Performance Comparison
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Returns By Period
In the year-to-date period, FJTDX achieves a 1.93% return, which is significantly lower than TRBUX's 2.12% return.
FJTDX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.58%
- YTD
- 1.93%
- 1Y
- 3.91%
- 3Y*
- 4.88%
- 5Y*
- 3.74%
- 10Y*
- —
- ALL TIME*
- 3.05%
TRBUX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.75%
- YTD
- 2.12%
- 1Y
- 4.32%
- 3Y*
- 8.11%
- 5Y*
- 5.59%
- 10Y*
- 3.91%
- ALL TIME*
- 3.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FJTDX vs. TRBUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FJTDX Fidelity Flex Conservative Income Bond Fund | 1.93% | 4.75% | 5.69% | 5.48% | 1.00% | 0.16% | 1.57% | 3.20% | 0.50% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | 6.49% | 11.12% | 10.12% | -1.28% | 0.22% | 3.11% | 3.60% | 0.79% |
Correlation
The correlation between FJTDX and TRBUX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.36 |
The correlation between FJTDX and TRBUX shifts across timeframes, from -0.01 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FJTDX vs. TRBUX — Risk / Return Rank
FJTDX
TRBUX
FJTDX vs. TRBUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex Conservative Income Bond Fund (FJTDX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| FJTDX | TRBUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +7.58 | ||
| Omega ratioGain probability vs. loss probability | 5.70 | 2.66 | +3.05 |
| Calmar ratioReturn relative to maximum drawdown | 39.52 | 11.36 | +28.16 |
| Martin ratioReturn relative to average drawdown | 98.18 | 38.40 | +59.78 |
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Drawdowns
FJTDX vs. TRBUX - Drawdown Comparison
The maximum FJTDX drawdown since its inception was -1.90%, smaller than the maximum TRBUX drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for FJTDX and TRBUX.
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Drawdown Indicators
| FJTDX | TRBUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.90% | -4.15% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.39% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -0.90% | -0.78% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -0.90% | -2.66% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.15% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.21% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.11% | -0.07% |
Volatility
FJTDX vs. TRBUX - Volatility Comparison
The current volatility for Fidelity Flex Conservative Income Bond Fund (FJTDX) is 0.20%, while T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) has a volatility of 0.29%. This indicates that FJTDX experiences smaller price fluctuations and is considered to be less risky than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FJTDX | TRBUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.29% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 1.28% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.27% | 1.64% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.45% | 1.81% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.27% | 1.58% | -0.31% |
FJTDX vs. TRBUX - Expense Ratio Comparison
FJTDX has a 0.00% expense ratio, which is lower than TRBUX's 0.31% expense ratio.
Dividends
FJTDX vs. TRBUX - Dividend Comparison
FJTDX's dividend yield for the trailing twelve months is around 3.93%, less than TRBUX's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJTDX Fidelity Flex Conservative Income Bond Fund | 3.93% | 4.63% | 5.42% | 4.70% | 1.39% | 0.36% | 1.45% | 2.65% | 1.17% | 0.00% | 0.00% | 0.00% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 4.43% | 5.86% | 9.30% | 7.34% | 1.53% | 1.21% | 1.86% | 2.73% | 2.47% | 1.62% | 1.18% | 0.81% |
Frequently Asked Questions
FJTDX and TRBUX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRBUX has higher volatility (0.29%) compared to FJTDX (0.20%). In terms of maximum drawdown, FJTDX dropped -1.90% vs TRBUX's -4.15%.
FJTDX currently has the higher Sharpe Ratio (3.25 vs 2.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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