TBUX vs. PAAA
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond ETF (TBUX) and PGIM AAA CLO ETF (PAAA).
TBUX and PAAA 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. PAAA is an actively managed fund by PGIM. It was launched on Jul 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBUX or PAAA.
Correlation
The correlation between TBUX and PAAA is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TBUX vs. PAAA - Performance Comparison
Key characteristics
TBUX:
4.18
PAAA:
12.36
TBUX:
7.29
PAAA:
32.15
TBUX:
1.98
PAAA:
7.96
TBUX:
22.33
PAAA:
80.11
TBUX:
78.90
PAAA:
453.09
TBUX:
0.08%
PAAA:
0.02%
TBUX:
1.50%
PAAA:
0.58%
TBUX:
-1.79%
PAAA:
-0.27%
TBUX:
0.00%
PAAA:
0.00%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with TBUX at 0.83% and PAAA at 0.83%.
TBUX
0.83%
0.45%
2.80%
6.30%
N/A
N/A
PAAA
0.83%
0.37%
3.34%
7.08%
N/A
N/A
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TBUX vs. PAAA - Expense Ratio Comparison
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%.
Risk-Adjusted Performance
TBUX vs. PAAA — Risk-Adjusted Performance Rank
TBUX
PAAA
TBUX vs. PAAA - 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 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.
Dividends
TBUX vs. PAAA - Dividend Comparison
TBUX's dividend yield for the trailing twelve months is around 5.31%, less than PAAA's 5.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
TBUX T. Rowe Price Ultra Short-Term Bond ETF | 5.31% | 5.39% | 4.67% | 2.58% | 0.27% |
PAAA PGIM AAA CLO ETF | 5.72% | 5.88% | 2.76% | 0.00% | 0.00% |
Drawdowns
TBUX vs. PAAA - Drawdown Comparison
The maximum TBUX drawdown since its inception was -1.79%, which is greater than PAAA's maximum drawdown of -0.27%. Use the drawdown chart below to compare losses from any high point for TBUX and PAAA. For additional features, visit the drawdowns tool.
Volatility
TBUX vs. PAAA - Volatility Comparison
T. Rowe Price Ultra Short-Term Bond ETF (TBUX) has a higher volatility of 0.27% compared to PGIM AAA CLO ETF (PAAA) at 0.10%. This indicates that TBUX's price experiences larger fluctuations and is considered to be riskier than PAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.