TBUX vs. FIVFX

Last updated Jun 9, 2026

TBUX (T. Rowe Price Ultra Short-Term Bond ETF) and FIVFX (Fidelity International Capital Appreciation Fund) are both funds - TBUX is a Ultrashort Bond fund actively managed by T. Rowe Price, while FIVFX is a Foreign Large Cap Equities fund managed by Fidelity. At a 0.12 correlation, their price movements are largely independent. TBUX charges 0.17%/yr vs 1.00%/yr for FIVFX.

Performance

TBUX vs. FIVFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Ultra Short-Term Bond ETF (TBUX) and Fidelity International Capital Appreciation Fund (FIVFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TBUX

• 1D: 0.06%
• 1M: 0.29%
• YTD: 1.69%
• 6M: 2.08%
• 1Y: 4.88%
• 3Y*: 5.85%
• 5Y*: —
• 10Y*: —

FIVFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TBUX vs. FIVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TBUX T. Rowe Price Ultra Short-Term Bond ETF	1.69%	5.37%	6.38%	6.39%	-0.13%	-0.22%
FIVFX Fidelity International Capital Appreciation Fund	0.00%	19.54%	8.05%	27.58%	-26.48%	5.91%

Correlation

The correlation between TBUX and FIVFX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021	0.12

Return for Risk

TBUX vs. FIVFX — Risk / Return Rank

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

TBUX

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

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.

TBUX vs. FIVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Ultra Short-Term Bond ETF (TBUX) and Fidelity International Capital Appreciation Fund (FIVFX). 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.

	TBUX	FIVFX	Difference
Sharpe ratio: Return per unit of total volatility	7.27	—	—
Sortino ratio: Return per unit of downside risk	14.70	—	—
Omega ratio: Gain probability vs. loss probability	3.15	—	—
Calmar ratio: Return relative to maximum drawdown	48.80	—	—
Martin ratio: Return relative to average drawdown	185.24	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TBUX	FIVFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.88	—	—

Drawdowns

Drawdown Indicators

	TBUX	FIVFX	Difference
Max Drawdown Largest peak-to-trough decline	-1.79%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.33%	—	—
Current Drawdown Current decline from peak	-0.04%	—	—
Average Drawdown Average peak-to-trough decline	-0.28%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	—	—

Volatility

Volatility by Period

	TBUX	FIVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.67%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.07%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.07%	—	—

TBUX vs. FIVFX - Expense Ratio Comparison

TBUX has a 0.17% expense ratio, which is lower than FIVFX's 1.00% expense ratio.

Dividends

TBUX vs. FIVFX - Dividend Comparison

TBUX's dividend yield for the trailing twelve months is around 4.48%, while FIVFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVFX Fidelity International Capital Appreciation Fund	10.67%	10.67%	4.19%	0.38%	0.05%	9.08%	1.28%	3.29%	3.00%	2.99%	0.68%	1.57%
TBUX T. Rowe Price Ultra Short-Term Bond ETF	4.48%	4.67%	5.39%	4.66%	2.58%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TBUX and FIVFX in my portfolio?

TBUX and FIVFX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.