PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
TRBUX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TRBUX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.05%
3.23%
TRBUX
BND

Returns By Period

In the year-to-date period, TRBUX achieves a 5.38% return, which is significantly higher than BND's 1.66% return. Over the past 10 years, TRBUX has outperformed BND with an annualized return of 2.40%, while BND has yielded a comparatively lower 1.39% annualized return.


TRBUX

YTD

5.38%

1M

0.23%

6M

3.05%

1Y

6.67%

5Y (annualized)

2.85%

10Y (annualized)

2.40%

BND

YTD

1.66%

1M

-0.79%

6M

3.22%

1Y

6.06%

5Y (annualized)

-0.33%

10Y (annualized)

1.39%

Key characteristics


TRBUXBND
Sharpe Ratio3.781.09
Sortino Ratio9.871.59
Omega Ratio3.981.19
Calmar Ratio33.470.42
Martin Ratio65.993.51
Ulcer Index0.10%1.75%
Daily Std Dev1.76%5.65%
Max Drawdown-4.15%-18.84%
Current Drawdown-0.20%-9.11%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TRBUX vs. BND - Expense Ratio Comparison

TRBUX has a 0.31% expense ratio, which is higher than BND's 0.03% expense ratio.


TRBUX
T. Rowe Price Ultra Short-Term Bond Fund
Expense ratio chart for TRBUX: current value at 0.31% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.31%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.2

The correlation between TRBUX and BND is 0.22, 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

TRBUX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Vanguard Total Bond Market ETF (BND). 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.


Sharpe ratio
The chart of Sharpe ratio for TRBUX, currently valued at 3.78, compared to the broader market-1.000.001.002.003.004.005.003.781.09
The chart of Sortino ratio for TRBUX, currently valued at 9.87, compared to the broader market0.005.0010.009.871.59
The chart of Omega ratio for TRBUX, currently valued at 3.98, compared to the broader market1.002.003.004.003.981.19
The chart of Calmar ratio for TRBUX, currently valued at 33.47, compared to the broader market0.005.0010.0015.0020.0033.470.42
The chart of Martin ratio for TRBUX, currently valued at 65.99, compared to the broader market0.0020.0040.0060.0080.00100.0065.993.51
TRBUX
BND

The current TRBUX Sharpe Ratio is 3.78, which is higher than the BND Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of TRBUX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
3.78
1.09
TRBUX
BND

Dividends

TRBUX vs. BND - Dividend Comparison

TRBUX's dividend yield for the trailing twelve months is around 5.03%, more than BND's 3.57% yield.


TTM20232022202120202019201820172016201520142013
TRBUX
T. Rowe Price Ultra Short-Term Bond Fund
5.03%4.02%1.97%1.11%1.83%2.72%2.58%1.88%1.20%0.80%0.42%0.06%
BND
Vanguard Total Bond Market ETF
3.57%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

TRBUX vs. BND - Drawdown Comparison

The maximum TRBUX drawdown since its inception was -4.15%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for TRBUX and BND. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.20%
-9.11%
TRBUX
BND

Volatility

TRBUX vs. BND - Volatility Comparison

The current volatility for T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) is 0.62%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.52%. This indicates that TRBUX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%JuneJulyAugustSeptemberOctoberNovember
0.62%
1.52%
TRBUX
BND