TRBUX vs. BUBSX
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Baird Ultra Short Bond Fund (BUBSX).
TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012. BUBSX is managed by Baird. It was launched on Dec 31, 2013.
Performance
TRBUX vs. BUBSX - Performance Comparison
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TRBUX vs. BUBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 0.65% | 8.98% | 6.48% | 6.99% | -1.28% | 0.22% | 3.11% | 3.60% | 1.88% | 1.83% |
BUBSX Baird Ultra Short Bond Fund | 0.80% | 4.53% | 5.47% | 5.43% | 0.70% | -0.05% | 1.66% | 2.87% | 1.61% | 1.05% |
Returns By Period
In the year-to-date period, TRBUX achieves a 0.65% return, which is significantly lower than BUBSX's 0.80% return. Over the past 10 years, TRBUX has outperformed BUBSX with an annualized return of 3.34%, while BUBSX has yielded a comparatively lower 2.49% annualized return.
TRBUX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- 0.65%
- 6M
- 2.99%
- 1Y
- 8.39%
- 3Y*
- 7.01%
- 5Y*
- 4.28%
- 10Y*
- 3.34%
BUBSX
- 1D
- 0.10%
- 1M
- 0.22%
- YTD
- 0.80%
- 6M
- 1.79%
- 1Y
- 4.18%
- 3Y*
- 5.01%
- 5Y*
- 3.33%
- 10Y*
- 2.49%
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TRBUX vs. BUBSX - Expense Ratio Comparison
TRBUX has a 0.31% expense ratio, which is lower than BUBSX's 0.40% expense ratio.
Return for Risk
TRBUX vs. BUBSX — Risk / Return Rank
TRBUX
BUBSX
TRBUX vs. BUBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Baird Ultra Short Bond Fund (BUBSX). 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.
| TRBUX | BUBSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.39 | 6.41 | -2.02 |
Sortino ratioReturn per unit of downside risk | 13.90 | 18.34 | -4.44 |
Omega ratioGain probability vs. loss probability | 5.56 | 8.48 | -2.92 |
Calmar ratioReturn relative to maximum drawdown | 22.36 | 42.42 | -20.06 |
Martin ratioReturn relative to average drawdown | 68.15 | 229.13 | -160.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRBUX | BUBSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.39 | 6.41 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.55 | 4.44 | -1.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.21 | 3.56 | -1.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.94 | 3.12 | -1.17 |
Correlation
The correlation between TRBUX and BUBSX is 0.14, 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.
Dividends
TRBUX vs. BUBSX - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 8.06%, more than BUBSX's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 8.06% | 8.17% | 5.05% | 4.48% | 1.53% | 1.21% | 1.86% | 2.73% | 2.47% | 1.62% | 1.18% | 0.81% |
BUBSX Baird Ultra Short Bond Fund | 4.10% | 4.24% | 5.04% | 4.39% | 1.29% | 0.25% | 1.14% | 2.33% | 1.90% | 1.04% | 0.81% | 0.56% |
Drawdowns
TRBUX vs. BUBSX - Drawdown Comparison
The maximum TRBUX drawdown since its inception was -4.15%, which is greater than BUBSX's maximum drawdown of -1.88%. Use the drawdown chart below to compare losses from any high point for TRBUX and BUBSX.
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Drawdown Indicators
| TRBUX | BUBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.15% | -1.88% | -2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -0.10% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -2.68% | -0.83% | -1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -4.15% | -1.88% | -2.27% |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.08% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 0.02% | +0.11% |
Volatility
TRBUX vs. BUBSX - Volatility Comparison
T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Baird Ultra Short Bond Fund (BUBSX) have volatilities of 0.20% and 0.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRBUX | BUBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.20% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 0.46% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 0.65% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.70% | 0.75% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 0.70% | +0.82% |