TRBUX vs. NUSIX
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Navigator Ultra Short Term Bond Fund (NUSIX).
TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012. NUSIX is managed by Navigator Funds. It was launched on Mar 21, 2019.
Performance
TRBUX vs. NUSIX - Performance Comparison
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TRBUX vs. NUSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 0.65% | 8.98% | 6.48% | 6.99% | -1.28% | 0.22% | 3.11% | 1.98% |
NUSIX Navigator Ultra Short Term Bond Fund | 0.76% | 4.63% | 5.54% | 5.64% | 1.14% | 0.36% | 1.49% | 1.60% |
Returns By Period
In the year-to-date period, TRBUX achieves a 0.65% return, which is significantly lower than NUSIX's 0.76% 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%
NUSIX
- 1D
- 0.06%
- 1M
- 0.16%
- YTD
- 0.76%
- 6M
- 1.88%
- 1Y
- 4.27%
- 3Y*
- 5.11%
- 5Y*
- 3.54%
- 10Y*
- —
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TRBUX vs. NUSIX - Expense Ratio Comparison
TRBUX has a 0.31% expense ratio, which is lower than NUSIX's 0.71% expense ratio.
Return for Risk
TRBUX vs. NUSIX — Risk / Return Rank
TRBUX
NUSIX
TRBUX vs. NUSIX - 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 Navigator Ultra Short Term Bond Fund (NUSIX). 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 | NUSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.39 | 6.58 | -2.19 |
Sortino ratioReturn per unit of downside risk | 13.90 | 20.79 | -6.88 |
Omega ratioGain probability vs. loss probability | 5.56 | 10.67 | -5.11 |
Calmar ratioReturn relative to maximum drawdown | 22.36 | 43.05 | -20.69 |
Martin ratioReturn relative to average drawdown | 68.15 | 277.18 | -209.03 |
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 | NUSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.39 | 6.58 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.55 | 4.68 | -2.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.94 | 3.67 | -1.73 |
Correlation
The correlation between TRBUX and NUSIX is 0.12, 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. NUSIX - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 8.06%, more than NUSIX's 4.20% 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% |
NUSIX Navigator Ultra Short Term Bond Fund | 4.20% | 4.25% | 5.23% | 4.92% | 1.74% | 0.66% | 1.08% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRBUX vs. NUSIX - Drawdown Comparison
The maximum TRBUX drawdown since its inception was -4.15%, which is greater than NUSIX's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for TRBUX and NUSIX.
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Drawdown Indicators
| TRBUX | NUSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.15% | -2.69% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -0.10% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -2.68% | -0.80% | -1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -4.15% | — | — |
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. NUSIX - Volatility Comparison
T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) has a higher volatility of 0.20% compared to Navigator Ultra Short Term Bond Fund (NUSIX) at 0.18%. This indicates that TRBUX's price experiences larger fluctuations and is considered to be riskier than NUSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRBUX | NUSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.18% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 0.44% | +0.88% |
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% | 0.76% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 0.83% | +0.69% |