TRBFX vs. TLDTX
TRBFX (T. Rowe Price Limited Duration Inflation Focused Bond Fund) and TLDTX (T. Rowe Price U.S. Limited Duration TIPS Index Fund) are both Inflation-Protected Bonds funds from T. Rowe Price. Over the past 5 years, TRBFX returned 2.15%/yr vs 1.52%/yr for TLDTX. Their correlation of 0.81 means they have usually moved in the same direction. TRBFX charges 0.41%/yr vs 0.21%/yr for TLDTX.
Performance
TRBFX vs. TLDTX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TRBFX having a 1.30% return and TLDTX slightly lower at 1.26%.
TRBFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.77%
- YTD
- 1.30%
- 1Y
- 2.57%
- 3Y*
- 4.84%
- 5Y*
- 2.15%
- 10Y*
- 2.85%
- ALL TIME*
- 2.75%
TLDTX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 0.69%
- YTD
- 1.26%
- 1Y
- 2.39%
- 3Y*
- 3.68%
- 5Y*
- 1.52%
- 10Y*
- —
- ALL TIME*
- 2.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRBFX vs. TLDTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund | 1.30% | 6.34% | 4.75% | 3.01% | -5.19% | 5.77% | 1.55% |
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund | 1.26% | 6.32% | 1.16% | 3.23% | -4.84% | 5.08% | 1.50% |
Correlation
The correlation between TRBFX and TLDTX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2020 | 0.81 |
The correlation between TRBFX and TLDTX shifts across timeframes, from 0.69 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRBFX vs. TLDTX — Risk / Return Rank
TRBFX
TLDTX
TRBFX vs. TLDTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) and T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX). 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.
| TRBFX | TLDTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.83 | +0.03 |
| Martin ratioReturn relative to average drawdown | 1.61 | 1.49 | +0.12 |
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Drawdowns
TRBFX vs. TLDTX - Drawdown Comparison
The maximum TRBFX drawdown since its inception was -7.33%, roughly equal to the maximum TLDTX drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for TRBFX and TLDTX.
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Drawdown Indicators
| TRBFX | TLDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.33% | -7.24% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.28% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -3.51% | -4.50% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -7.33% | -7.24% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -7.33% | — | — |
Current DrawdownCurrent decline from peak | -1.80% | -1.71% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -2.26% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.82% | +0.01% |
Volatility
TRBFX vs. TLDTX - Volatility Comparison
T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) has a higher volatility of 0.61% compared to T. Rowe Price U.S. Limited Duration TIPS Index Fund (TLDTX) at 0.48%. This indicates that TRBFX's price experiences larger fluctuations and is considered to be riskier than TLDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRBFX | TLDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.48% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 1.55% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 4.78% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.16% | 4.65% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 4.43% | -0.41% |
TRBFX vs. TLDTX - Expense Ratio Comparison
TRBFX has a 0.41% expense ratio, which is higher than TLDTX's 0.21% expense ratio.
Dividends
TRBFX vs. TLDTX - Dividend Comparison
TRBFX's dividend yield for the trailing twelve months is around 4.67%, more than TLDTX's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TLDTX T. Rowe Price U.S. Limited Duration TIPS Index Fund | 4.22% | 4.66% | 1.63% | 4.09% | 6.45% | 4.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRBFX T. Rowe Price Limited Duration Inflation Focused Bond Fund | 4.67% | 4.95% | 4.62% | 3.64% | 6.11% | 4.99% | 1.38% | 3.27% | 2.34% | 1.61% | 1.10% |
Frequently Asked Questions
TRBFX and TLDTX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRBFX has higher volatility (0.61%) compared to TLDTX (0.48%). In terms of maximum drawdown, TRBFX dropped -7.33% vs TLDTX's -7.24%.
TRBFX currently has the higher Sharpe Ratio (0.59 vs 0.57), 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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