TBUX vs. NEAR
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond ETF (TBUX) and iShares Short Maturity Bond ETF (NEAR).
TBUX and NEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBUX is an actively managed fund by T. Rowe Price. It was launched on Sep 28, 2021. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBUX or NEAR.
Correlation
The correlation between TBUX and NEAR is 0.44, 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.
Performance
TBUX vs. NEAR - Performance Comparison
Key characteristics
TBUX:
4.11
NEAR:
3.18
TBUX:
7.18
NEAR:
4.70
TBUX:
1.95
NEAR:
1.66
TBUX:
22.07
NEAR:
6.95
TBUX:
77.49
NEAR:
20.14
TBUX:
0.08%
NEAR:
0.26%
TBUX:
1.51%
NEAR:
1.65%
TBUX:
-1.79%
NEAR:
-9.61%
TBUX:
0.00%
NEAR:
-0.12%
Returns By Period
In the year-to-date period, TBUX achieves a 0.68% return, which is significantly higher than NEAR's 0.47% return.
TBUX
0.68%
0.48%
2.73%
6.22%
N/A
N/A
NEAR
0.47%
0.65%
2.10%
5.47%
2.92%
2.36%
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TBUX vs. NEAR - Expense Ratio Comparison
TBUX has a 0.17% expense ratio, which is lower than NEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TBUX vs. NEAR — Risk-Adjusted Performance Rank
TBUX
NEAR
TBUX vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Ultra Short-Term Bond ETF (TBUX) and iShares Short Maturity Bond ETF (NEAR). 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
TBUX vs. NEAR - Dividend Comparison
TBUX's dividend yield for the trailing twelve months is around 5.32%, more than NEAR's 4.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBUX T. Rowe Price Ultra Short-Term Bond ETF | 5.32% | 5.39% | 4.67% | 2.58% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 4.97% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% |
Drawdowns
TBUX vs. NEAR - Drawdown Comparison
The maximum TBUX drawdown since its inception was -1.79%, smaller than the maximum NEAR drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for TBUX and NEAR. For additional features, visit the drawdowns tool.
Volatility
TBUX vs. NEAR - Volatility Comparison
The current volatility for T. Rowe Price Ultra Short-Term Bond ETF (TBUX) is 0.39%, while iShares Short Maturity Bond ETF (NEAR) has a volatility of 0.43%. This indicates that TBUX experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.