GQETX vs. TRBUX
Compare and contrast key facts about GMO Quality Fund (GQETX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
GQETX is managed by GMO. It was launched on Feb 6, 2004. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GQETX or TRBUX.
Key characteristics
| GQETX | TRBUX | |
|---|---|---|
| YTD Return | 22.10% | 5.59% |
| 1Y Return | 30.99% | 7.09% |
| 3Y Return (Ann) | 12.33% | 3.55% |
| 5Y Return (Ann) | 17.14% | 2.93% |
| 10Y Return (Ann) | 15.07% | 2.42% |
| Sharpe Ratio | 2.85 | 4.14 |
| Sortino Ratio | 3.87 | 12.27 |
| Omega Ratio | 1.51 | 5.34 |
| Calmar Ratio | 4.84 | 35.60 |
| Martin Ratio | 19.91 | 73.62 |
| Ulcer Index | 1.58% | 0.10% |
| Daily Std Dev | 11.06% | 1.71% |
| Max Drawdown | -39.99% | -4.15% |
| Current Drawdown | -0.26% | 0.00% |
Correlation
The correlation between GQETX and TRBUX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GQETX vs. TRBUX - Performance Comparison
In the year-to-date period, GQETX achieves a 22.10% return, which is significantly higher than TRBUX's 5.59% return. Over the past 10 years, GQETX has outperformed TRBUX with an annualized return of 15.07%, while TRBUX has yielded a comparatively lower 2.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GQETX vs. TRBUX - Expense Ratio Comparison
GQETX has a 0.49% expense ratio, which is higher than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
GQETX vs. TRBUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Quality Fund (GQETX) 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.
Dividends
GQETX vs. TRBUX - Dividend Comparison
GQETX's dividend yield for the trailing twelve months is around 0.85%, less than TRBUX's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQETX GMO Quality Fund | 0.85% | 0.99% | 1.28% | 5.25% | 1.37% | 1.44% | 1.93% | 1.66% | 1.72% | 2.18% | 2.19% | 3.53% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 5.02% | 4.02% | 1.97% | 1.11% | 1.83% | 2.72% | 2.58% | 1.88% | 1.20% | 0.80% | 0.42% | 0.06% |
Drawdowns
GQETX vs. TRBUX - Drawdown Comparison
The maximum GQETX drawdown since its inception was -39.99%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for GQETX and TRBUX. For additional features, visit the drawdowns tool.
Volatility
GQETX vs. TRBUX - Volatility Comparison
GMO Quality Fund (GQETX) has a higher volatility of 3.64% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.41%. This indicates that GQETX's price experiences larger fluctuations and is considered to be riskier than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.