RUSIX vs. TRBUX

Last updated Apr 1, 2026

Compare and contrast key facts about RBC Ultra-Short Fixed Income Fund (RUSIX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).

RUSIX is managed by RBC Global Asset Management.. It was launched on Dec 30, 2013. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.

Performance

RUSIX vs. TRBUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC Ultra-Short Fixed Income Fund (RUSIX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). The values are adjusted to include any dividend payments, if applicable.

RUSIX vs. TRBUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RUSIX RBC Ultra-Short Fixed Income Fund	0.40%	4.53%	6.78%	8.13%	-1.43%	0.10%	2.58%	4.18%	1.60%	1.85%
TRBUX T. Rowe Price Ultra Short-Term Bond Fund	0.65%	8.98%	6.48%	6.99%	-1.28%	0.22%	3.11%	3.60%	1.88%	1.83%

Returns By Period

In the year-to-date period, RUSIX achieves a 0.40% return, which is significantly lower than TRBUX's 0.65% return. Over the past 10 years, RUSIX has underperformed TRBUX with an annualized return of 2.98%, while TRBUX has yielded a comparatively higher 3.34% annualized return.

RUSIX

• 1D: 0.10%
• 1M: -0.20%
• YTD: 0.40%
• 6M: 1.40%
• 1Y: 3.69%
• 3Y*: 6.18%
• 5Y*: 3.62%
• 10Y*: 2.98%

TRBUX

• 1D: 0.00%
• 1M: -0.39%
• YTD: 0.65%
• 6M: 3.19%
• 1Y: 8.39%
• 3Y*: 7.01%
• 5Y*: 4.28%
• 10Y*: 3.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RUSIX vs. TRBUX - Expense Ratio Comparison

RUSIX has a 0.48% expense ratio, which is higher than TRBUX's 0.31% expense ratio.

RUSIX

RBC Ultra-Short Fixed Income Fund

TRBUX

T. Rowe Price Ultra Short-Term Bond Fund

Return for Risk

RUSIX vs. TRBUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RUSIX

RUSIX Risk / Return Rank: 99
RUSIX Sharpe Ratio Rank: 98
RUSIX Sortino Ratio Rank: 99
RUSIX Omega Ratio Rank: 99
RUSIX Calmar Ratio Rank: 99
RUSIX Martin Ratio Rank: 99

TRBUX

TRBUX Risk / Return Rank: 100
TRBUX Sharpe Ratio Rank: 100
TRBUX Sortino Ratio Rank: 100
TRBUX Omega Ratio Rank: 100
TRBUX Calmar Ratio Rank: 100
TRBUX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RUSIX vs. TRBUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Ultra-Short Fixed Income Fund (RUSIX) 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.

	RUSIX	TRBUX	Difference
Sharpe ratio Return per unit of total volatility	2.79	4.54	-1.75
Sortino ratio Return per unit of downside risk	6.57	14.92	-8.35
Omega ratio Gain probability vs. loss probability	2.55	5.90	-3.34
Calmar ratio Return relative to maximum drawdown	10.29	22.36	-12.07
Martin ratio Return relative to average drawdown	32.40	69.43	-37.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RUSIX vs. TRBUX - Sharpe Ratio Comparison

The current RUSIX Sharpe Ratio is 2.79, which is lower than the TRBUX Sharpe Ratio of 4.54. The chart below compares the historical Sharpe Ratios of RUSIX and TRBUX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RUSIX	TRBUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	4.54	-1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.41	2.55	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	2.05	2.21	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	1.95	-0.06

Correlation

The correlation between RUSIX and TRBUX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RUSIX vs. TRBUX - Dividend Comparison

RUSIX's dividend yield for the trailing twelve months is around 3.93%, less than TRBUX's 8.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RUSIX RBC Ultra-Short Fixed Income Fund	3.93%	4.33%	4.61%	4.64%	2.37%	0.91%	1.82%	2.76%	2.41%	1.83%	1.57%	1.42%
TRBUX T. Rowe Price Ultra Short-Term Bond Fund	8.06%	8.17%	5.05%	4.48%	1.53%	1.21%	1.86%	2.73%	2.47%	1.62%	1.18%	0.81%

Drawdowns

RUSIX vs. TRBUX - Drawdown Comparison

The maximum RUSIX drawdown since its inception was -5.60%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for RUSIX and TRBUX.

Drawdown Indicators

	RUSIX	TRBUX	Difference
Max Drawdown Largest peak-to-trough decline	-5.60%	-4.15%	-1.45%
Max Drawdown (1Y) Largest decline over 1 year	-0.40%	-0.39%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-3.83%	-2.68%	-1.15%
Max Drawdown (10Y) Largest decline over 10 years	-5.60%	-4.15%	-1.45%
Current Drawdown Current decline from peak	-0.20%	-0.39%	+0.19%
Average Drawdown Average peak-to-trough decline	-0.34%	-0.22%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.13%	0.00%

Volatility

RUSIX vs. TRBUX - Volatility Comparison

RBC Ultra-Short Fixed Income Fund (RUSIX) has a higher volatility of 0.29% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.27%. This indicates that RUSIX'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.

Volatility by Period

	RUSIX	TRBUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	0.27%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.03%	1.32%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	1.48%	2.06%	-0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.51%	1.70%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.46%	1.52%	-0.06%