TBUX vs. PAAA

The year-to-date returns for both stocks are quite close, with TBUX having a 1.72% return and PAAA slightly lower at 1.71%.

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TBUX has a 0.17% expense ratio, which is lower than PAAA's 0.19% 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%.

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Ultra Short-Term Bond ETF (TBUX) and PGIM AAA CLO ETF (PAAA). 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 TBUX Sharpe Ratio is 4.09, which is comparable to the PAAA Sharpe Ratio of 4.50. The chart below compares the historical Sharpe Ratios of TBUX and PAAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

TBUX's dividend yield for the trailing twelve months is around 5.20%, less than PAAA's 5.37% yield.

The maximum TBUX drawdown since its inception was -1.79%, which is greater than PAAA's maximum drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for TBUX and PAAA. For additional features, visit the drawdowns tool.

The current volatility for T. Rowe Price Ultra Short-Term Bond ETF (TBUX) is 0.35%, while PGIM AAA CLO ETF (PAAA) has a volatility of 0.46%. This indicates that TBUX experiences smaller price fluctuations and is considered to be less risky than PAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.