TBUX vs. SPY
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond ETF (TBUX) and SPDR S&P 500 ETF (SPY).
TBUX and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBUX or SPY.
Correlation
The correlation between TBUX and SPY 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.
Performance
TBUX vs. SPY - Performance Comparison
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Key characteristics
TBUX:
4.13
SPY:
0.66
TBUX:
6.98
SPY:
1.08
TBUX:
1.96
SPY:
1.16
TBUX:
17.60
SPY:
0.72
TBUX:
71.59
SPY:
2.78
TBUX:
0.08%
SPY:
4.88%
TBUX:
1.43%
SPY:
20.26%
TBUX:
-1.79%
SPY:
-55.19%
TBUX:
0.00%
SPY:
-2.99%
Returns By Period
In the year-to-date period, TBUX achieves a 2.03% return, which is significantly higher than SPY's 1.46% return.
TBUX
2.03%
0.64%
2.59%
5.88%
5.27%
N/A
N/A
SPY
1.46%
12.62%
1.07%
13.27%
16.71%
16.68%
12.71%
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TBUX vs. SPY - Expense Ratio Comparison
TBUX has a 0.17% expense ratio, which is higher than SPY's 0.09% expense ratio. However, 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. SPY — Risk-Adjusted Performance Rank
TBUX
SPY
TBUX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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.
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Dividends
TBUX vs. SPY - Dividend Comparison
TBUX's dividend yield for the trailing twelve months is around 5.18%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBUX T. Rowe Price Ultra Short-Term Bond ETF | 5.18% | 5.39% | 4.66% | 2.58% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TBUX vs. SPY - Drawdown Comparison
The maximum TBUX drawdown since its inception was -1.79%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TBUX and SPY. For additional features, visit the drawdowns tool.
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Volatility
TBUX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Ultra Short-Term Bond ETF (TBUX) is 0.36%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.66%. This indicates that TBUX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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