TRBUX vs. GQETX
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and GMO Quality Fund (GQETX).
TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012. GQETX is managed by GMO. It was launched on Feb 6, 2004.
Performance
TRBUX vs. GQETX - Performance Comparison
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TRBUX vs. GQETX - 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% |
GQETX GMO Quality Fund | -7.00% | 19.61% | 17.76% | 28.94% | -15.33% | 31.67% | 18.33% | 31.77% | 0.50% | 29.11% |
Returns By Period
In the year-to-date period, TRBUX achieves a 0.65% return, which is significantly higher than GQETX's -7.00% return. Over the past 10 years, TRBUX has underperformed GQETX with an annualized return of 3.34%, while GQETX has yielded a comparatively higher 14.85% 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%
GQETX
- 1D
- 2.81%
- 1M
- -6.44%
- YTD
- -7.00%
- 6M
- -2.28%
- 1Y
- 12.44%
- 3Y*
- 15.83%
- 5Y*
- 11.72%
- 10Y*
- 14.85%
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TRBUX vs. GQETX - Expense Ratio Comparison
TRBUX has a 0.31% expense ratio, which is lower than GQETX's 0.49% expense ratio.
Return for Risk
TRBUX vs. GQETX — Risk / Return Rank
TRBUX
GQETX
TRBUX vs. GQETX - 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 GMO Quality Fund (GQETX). 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 | GQETX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.39 | 0.75 | +3.64 |
Sortino ratioReturn per unit of downside risk | 13.90 | 1.20 | +12.71 |
Omega ratioGain probability vs. loss probability | 5.56 | 1.16 | +4.40 |
Calmar ratioReturn relative to maximum drawdown | 22.36 | 1.01 | +21.35 |
Martin ratioReturn relative to average drawdown | 68.15 | 4.04 | +64.11 |
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 | GQETX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.39 | 0.75 | +3.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.55 | 0.74 | +1.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.21 | 0.87 | +1.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.94 | 0.68 | +1.27 |
Correlation
The correlation between TRBUX and GQETX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TRBUX vs. GQETX - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 8.06%, less than GQETX's 12.00% 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% |
GQETX GMO Quality Fund | 12.00% | 11.16% | 3.91% | 3.43% | 11.85% | 10.19% | 13.61% | 8.08% | 21.66% | 8.10% | 3.56% | 17.25% |
Drawdowns
TRBUX vs. GQETX - Drawdown Comparison
The maximum TRBUX drawdown since its inception was -4.15%, smaller than the maximum GQETX drawdown of -39.99%. Use the drawdown chart below to compare losses from any high point for TRBUX and GQETX.
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Drawdown Indicators
| TRBUX | GQETX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.15% | -39.99% | +35.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -12.76% | +12.37% |
Max Drawdown (5Y)Largest decline over 5 years | -2.68% | -24.22% | +21.54% |
Max Drawdown (10Y)Largest decline over 10 years | -4.15% | -30.44% | +26.29% |
Current DrawdownCurrent decline from peak | -0.39% | -10.31% | +9.92% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -5.02% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 3.18% | -3.05% |
Volatility
TRBUX vs. GQETX - Volatility Comparison
The current volatility for T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) is 0.20%, while GMO Quality Fund (GQETX) has a volatility of 5.64%. This indicates that TRBUX experiences smaller price fluctuations and is considered to be less risky than GQETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRBUX | GQETX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 5.64% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 9.71% | -8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 16.62% | -14.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.70% | 15.85% | -14.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 17.03% | -15.51% |