TFLR vs. BBBIX
Compare and contrast key facts about T. Rowe Price Floating Rate ETF (TFLR) and BBH Limited Duration Fund (BBBIX).
TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022. BBBIX is managed by BBH. It was launched on Jul 20, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLR or BBBIX.
Performance
TFLR vs. BBBIX - Performance Comparison
Returns By Period
In the year-to-date period, TFLR achieves a 7.85% return, which is significantly higher than BBBIX's 5.82% return.
TFLR
7.85%
0.84%
4.09%
10.11%
N/A
N/A
BBBIX
5.82%
0.31%
3.51%
7.73%
3.41%
2.86%
Key characteristics
| TFLR | BBBIX | |
|---|---|---|
| Sharpe Ratio | 4.06 | 4.58 |
| Sortino Ratio | 6.45 | 12.39 |
| Omega Ratio | 1.98 | 3.18 |
| Calmar Ratio | 9.91 | 20.50 |
| Martin Ratio | 59.37 | 69.13 |
| Ulcer Index | 0.18% | 0.11% |
| Daily Std Dev | 2.57% | 1.71% |
| Max Drawdown | -1.48% | -6.60% |
| Current Drawdown | -0.01% | 0.00% |
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TFLR vs. BBBIX - Expense Ratio Comparison
TFLR has a 0.60% expense ratio, which is higher than BBBIX's 0.27% expense ratio.
Correlation
The correlation between TFLR and BBBIX is 0.13, 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.
Risk-Adjusted Performance
TFLR vs. BBBIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) and BBH Limited Duration Fund (BBBIX). 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
TFLR vs. BBBIX - Dividend Comparison
TFLR's dividend yield for the trailing twelve months is around 8.22%, more than BBBIX's 4.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 8.22% | 7.76% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BBBIX BBH Limited Duration Fund | 4.87% | 4.29% | 2.37% | 1.46% | 2.30% | 3.01% | 2.67% | 2.09% | 2.23% | 2.11% | 1.57% | 1.60% |
Drawdowns
TFLR vs. BBBIX - Drawdown Comparison
The maximum TFLR drawdown since its inception was -1.48%, smaller than the maximum BBBIX drawdown of -6.60%. Use the drawdown chart below to compare losses from any high point for TFLR and BBBIX. For additional features, visit the drawdowns tool.
Volatility
TFLR vs. BBBIX - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate ETF (TFLR) is 0.36%, while BBH Limited Duration Fund (BBBIX) has a volatility of 0.60%. This indicates that TFLR experiences smaller price fluctuations and is considered to be less risky than BBBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.