TGLB vs. TBUX
TGLB (T. Rowe Price Global Equity ETF) and TBUX (T. Rowe Price Ultra Short-Term Bond ETF) are both exchange-traded funds - TGLB is a Global Equities fund managed by T. Rowe Price, while TBUX is a Ultrashort Bond fund actively managed by T. Rowe Price. Over the past year, TGLB returned 13.13% vs 4.67% for TBUX. At a 0.22 correlation, their price movements are largely independent. TGLB charges 0.46%/yr vs 0.17%/yr for TBUX.
Performance
TGLB vs. TBUX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TGLB achieves a 8.78% return, which is significantly higher than TBUX's 1.92% return.
TGLB
- 1D
- 0.09%
- 1M
- -1.24%
- YTD
- 8.78%
- 6M
- 7.27%
- 1Y
- 13.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBUX
- 1D
- -0.00%
- 1M
- 0.35%
- YTD
- 1.92%
- 6M
- 2.09%
- 1Y
- 4.67%
- 3Y*
- 5.83%
- 5Y*
- —
- 10Y*
- —
TGLB vs. TBUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TGLB T. Rowe Price Global Equity ETF | 8.78% | 3.99% |
TBUX T. Rowe Price Ultra Short-Term Bond ETF | 1.92% | 2.69% |
Correlation
The correlation between TGLB and TBUX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.22 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TGLB vs. TBUX — Risk / Return Rank
TGLB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TBUX
TGLB vs. TBUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Equity ETF (TGLB) and T. Rowe Price Ultra Short-Term Bond ETF (TBUX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TGLB | TBUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.99 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 46.74 | — |
| Martin ratioReturn relative to average drawdown | — | 171.10 | — |
Loading charts...
Drawdowns
TGLB vs. TBUX - Drawdown Comparison
The maximum TGLB drawdown since its inception was -9.78%, which is greater than TBUX's maximum drawdown of -1.82%. Use the drawdown chart below to compare losses from any high point for TGLB and TBUX.
Loading charts...
Drawdown Indicators
| TGLB | TBUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.78% | -1.82% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -0.10% | -9.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.33% | — |
Current DrawdownCurrent decline from peak | -3.49% | -0.00% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -0.28% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.03% | — |
Volatility
TGLB vs. TBUX - Volatility Comparison
Loading charts...
Volatility by Period
| TGLB | TBUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 0.68% | +13.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 1.06% | +13.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 1.06% | +13.15% |
TGLB vs. TBUX - Expense Ratio Comparison
TGLB has a 0.46% expense ratio, which is higher than TBUX's 0.17% expense ratio.
Dividends
TGLB vs. TBUX - Dividend Comparison
TGLB's dividend yield for the trailing twelve months is around 0.18%, less than TBUX's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TBUX T. Rowe Price Ultra Short-Term Bond ETF | 4.45% | 4.67% | 5.39% | 4.66% | 2.58% | 0.27% |
TGLB T. Rowe Price Global Equity ETF | 0.18% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TGLB and TBUX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TGLB leads with 13.13% vs 4.67% for TBUX. On fees, TBUX is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TGLB has performed better with a 13.13% return vs 4.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBUX is cheaper with a 0.17% expense ratio, compared with 0.46% for TGLB.
TBUX has the higher dividend yield at 4.45%, compared with 0.18% for TGLB.
TGLB is categorized as Global Equities, while TBUX is Ultrashort Bond. Their fees differ too: 0.46% for TGLB and 0.17% for TBUX.
Find the right allocation for TGLB and TBUX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer