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TBLEX vs. TRBUX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TBLEX and TRBUX is 0.09, 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.

TBLEX vs. TRBUX

Last updated Jun 1, 2025

Compare and contrast key facts about T. Rowe Price Retirement Blend 2025 Fund (TBLEX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).

TBLEX is managed by T. Rowe Price. It was launched on Jul 25, 2021. 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: TBLEX or TRBUX.

Performance

TBLEX vs. TRBUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Retirement Blend 2025 Fund (TBLEX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TBLEX:

0.98

TRBUX:

3.36

Sortino Ratio

TBLEX:

1.30

TRBUX:

9.07

Omega Ratio

TBLEX:

1.19

TRBUX:

3.87

Calmar Ratio

TBLEX:

0.97

TRBUX:

14.62

Martin Ratio

TBLEX:

4.20

TRBUX:

50.30

Ulcer Index

TBLEX:

2.06%

TRBUX:

0.12%

Daily Std Dev

TBLEX:

9.63%

TRBUX:

1.65%

Max Drawdown

TBLEX:

-22.24%

TRBUX:

-4.15%

Current Drawdown

TBLEX:

-0.10%

TRBUX:

0.00%

Returns By Period

In the year-to-date period, TBLEX achieves a 3.73% return, which is significantly higher than TRBUX's 1.60% return.

TBLEX

YTD

3.73%

1M

2.69%

6M

0.95%

1Y

8.75%

3Y*

7.27%

5Y*

N/A

10Y*

N/A

TRBUX

YTD

1.60%

1M

0.20%

6M

2.03%

1Y

5.29%

3Y*

4.98%

5Y*

3.37%

10Y*

2.72%

*Annualized

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T. Rowe Price Retirement Blend 2025 Fund

T. Rowe Price Ultra Short-Term Bond Fund

TBLEX vs. TRBUX - Expense Ratio Comparison

TBLEX has a 0.22% expense ratio, which is lower than TRBUX's 0.31% expense ratio.

TRBUX
T. Rowe Price Ultra Short-Term Bond Fund
TBLEX
T. Rowe Price Retirement Blend 2025 Fund
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

TBLEX vs. TRBUX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TBLEX
The Risk-Adjusted Performance Rank of TBLEX is 7474
Overall Rank
The Sharpe Ratio Rank of TBLEX is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of TBLEX is 7070
Sortino Ratio Rank
The Omega Ratio Rank of TBLEX is 7373
Omega Ratio Rank
The Calmar Ratio Rank of TBLEX is 7777
Calmar Ratio Rank
The Martin Ratio Rank of TBLEX is 7979
Martin Ratio Rank
TRBUX
The Risk-Adjusted Performance Rank of TRBUX is 9999
Overall Rank
The Sharpe Ratio Rank of TRBUX is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of TRBUX is 9999
Sortino Ratio Rank
The Omega Ratio Rank of TRBUX is 9999
Omega Ratio Rank
The Calmar Ratio Rank of TRBUX is 9999
Calmar Ratio Rank
The Martin Ratio Rank of TRBUX is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TBLEX vs. TRBUX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Retirement Blend 2025 Fund (TBLEX) 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.

The current TBLEX Sharpe Ratio is 0.98, which is lower than the TRBUX Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of TBLEX 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.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

TBLEX vs. TRBUX - Dividend Comparison

TBLEX's dividend yield for the trailing twelve months is around 2.62%, less than TRBUX's 4.55% yield.

TTM20242023202220212020201920182017201620152014
TBLEX
T. Rowe Price Retirement Blend 2025 Fund		2.62%2.72%2.41%3.08%2.07%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TRBUX
T. Rowe Price Ultra Short-Term Bond Fund		4.55%5.06%4.02%2.28%1.53%1.95%2.72%2.62%1.88%1.20%0.80%0.48%

Drawdowns

TBLEX vs. TRBUX - Drawdown Comparison

The maximum TBLEX drawdown since its inception was -22.24%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for TBLEX and TRBUX.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

TBLEX vs. TRBUX - Volatility Comparison

T. Rowe Price Retirement Blend 2025 Fund (TBLEX) has a higher volatility of 2.05% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.29%. This indicates that TBLEX'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.

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