TOTR vs. IUSB
TOTR (T. Rowe Price Total Return ETF) and IUSB (iShares Core Universal USD Bond ETF) are both Intermediate Core-Plus Bond funds. TOTR is actively managed, while IUSB is passively managed. Over the past 3 years, TOTR returned 4.48%/yr vs 4.52%/yr for IUSB. Their correlation of 0.95 suggests significant overlap in exposure. TOTR charges 0.31%/yr vs 0.06%/yr for IUSB.
Performance
TOTR vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, TOTR achieves a 0.57% return, which is significantly lower than IUSB's 0.67% return.
TOTR
- 1D
- 0.10%
- 1M
- 0.66%
- YTD
- 0.57%
- 6M
- 0.71%
- 1Y
- 4.46%
- 3Y*
- 4.48%
- 5Y*
- —
- 10Y*
- —
IUSB
- 1D
- 0.13%
- 1M
- 0.70%
- YTD
- 0.67%
- 6M
- 0.76%
- 1Y
- 4.68%
- 3Y*
- 4.52%
- 5Y*
- 0.42%
- 10Y*
- 1.90%
TOTR vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOTR T. Rowe Price Total Return ETF | 0.57% | 7.41% | 2.43% | 6.27% | -15.88% | 0.11% |
IUSB iShares Core Universal USD Bond ETF | 0.67% | 7.38% | 2.11% | 6.23% | -13.04% | 0.02% |
Correlation
The correlation between TOTR and IUSB is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.95 |
The correlation between TOTR and IUSB has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
TOTR vs. IUSB — Risk / Return Rank
TOTR
IUSB
TOTR vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return ETF (TOTR) and iShares Core Universal USD Bond ETF (IUSB). 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.
| TOTR | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.86 | -0.11 |
| Martin ratioReturn relative to average drawdown | 5.00 | 5.36 | -0.36 |
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Drawdowns
TOTR vs. IUSB - Drawdown Comparison
The maximum TOTR drawdown since its inception was -19.63%, which is greater than IUSB's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for TOTR and IUSB.
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Drawdown Indicators
| TOTR | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.63% | -17.90% | -1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -2.53% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.16% | -5.82% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -1.72% | -1.09% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -3.58% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.88% | +0.01% |
Volatility
TOTR vs. IUSB - Volatility Comparison
The current volatility for T. Rowe Price Total Return ETF (TOTR) is 0.92%, while iShares Core Universal USD Bond ETF (IUSB) has a volatility of 1.08%. This indicates that TOTR experiences smaller price fluctuations and is considered to be less risky than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOTR | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.08% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.72% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 3.58% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 5.80% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.19% | 5.04% | +1.15% |
TOTR vs. IUSB - Expense Ratio Comparison
TOTR has a 0.31% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
TOTR vs. IUSB - Dividend Comparison
TOTR's dividend yield for the trailing twelve months is around 5.30%, more than IUSB's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 4.22% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
TOTR T. Rowe Price Total Return ETF | 5.30% | 5.14% | 5.32% | 4.71% | 3.45% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, TOTR and IUSB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IUSB has higher volatility (1.08%) compared to TOTR (0.92%). In terms of maximum drawdown, TOTR dropped -19.63% vs IUSB's -17.90%.
On 3-year performance, IUSB leads with 4.52% vs 4.48% for TOTR. On fees, IUSB is cheaper at 0.06% per year. On volatility, TOTR has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IUSB has performed better with a 4.52% return vs 4.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.31% for TOTR.
TOTR has the higher dividend yield at 5.30%, compared with 4.22% for IUSB.
They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.31% for TOTR and 0.06% for IUSB.
IUSB currently has the higher Sharpe Ratio (1.32 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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