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TRBUX vs. PIAMX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TRBUX vs. PIAMX - 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 PIA High Yield (MACS) Fund (PIAMX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.05%
6.05%
TRBUX
PIAMX

Returns By Period

In the year-to-date period, TRBUX achieves a 5.38% return, which is significantly lower than PIAMX's 10.26% return.


TRBUX

YTD

5.38%

1M

0.23%

6M

3.05%

1Y

6.67%

5Y (annualized)

2.85%

10Y (annualized)

2.40%

PIAMX

YTD

10.26%

1M

0.57%

6M

5.93%

1Y

14.54%

5Y (annualized)

6.46%

10Y (annualized)

N/A

Key characteristics


TRBUXPIAMX
Sharpe Ratio3.895.40
Sortino Ratio10.188.75
Omega Ratio4.072.45
Calmar Ratio34.5412.64
Martin Ratio68.6362.71
Ulcer Index0.10%0.23%
Daily Std Dev1.77%2.72%
Max Drawdown-4.15%-18.15%
Current Drawdown-0.20%0.00%

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. PIAMX - Expense Ratio Comparison

TRBUX has a 0.31% expense ratio, which is higher than PIAMX's 0.20% 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 PIAMX: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.2

The correlation between TRBUX and PIAMX is 0.15, 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. PIAMX - 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 PIA High Yield (MACS) Fund (PIAMX). 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 3.89, compared to the broader market-1.000.001.002.003.004.005.003.895.40
The chart of Sortino ratio for TRBUX, currently valued at 10.18, compared to the broader market0.005.0010.0010.188.75
The chart of Omega ratio for TRBUX, currently valued at 4.07, compared to the broader market1.002.003.004.004.072.45
The chart of Calmar ratio for TRBUX, currently valued at 34.54, compared to the broader market0.005.0010.0015.0020.0025.0034.5412.64
The chart of Martin ratio for TRBUX, currently valued at 68.63, compared to the broader market0.0020.0040.0060.0080.00100.0068.6362.71
TRBUX
PIAMX

The current TRBUX Sharpe Ratio is 3.89, which is comparable to the PIAMX Sharpe Ratio of 5.40. The chart below compares the historical Sharpe Ratios of TRBUX and PIAMX, 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 Ratio3.504.004.505.005.506.00JuneJulyAugustSeptemberOctoberNovember
3.89
5.40
TRBUX
PIAMX

Dividends

TRBUX vs. PIAMX - Dividend Comparison

TRBUX's dividend yield for the trailing twelve months is around 5.03%, less than PIAMX's 8.38% 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%
PIAMX
PIA High Yield (MACS) Fund
8.38%8.12%8.72%7.03%6.63%6.74%6.66%0.06%0.00%0.00%0.00%0.00%

Drawdowns

TRBUX vs. PIAMX - Drawdown Comparison

The maximum TRBUX drawdown since its inception was -4.15%, smaller than the maximum PIAMX drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for TRBUX and PIAMX. For additional features, visit the drawdowns tool.


-1.20%-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.20%
0
TRBUX
PIAMX

Volatility

TRBUX vs. PIAMX - Volatility Comparison

T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and PIA High Yield (MACS) Fund (PIAMX) have volatilities of 0.62% and 0.63%, 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.


0.20%0.40%0.60%0.80%1.00%1.20%JuneJulyAugustSeptemberOctoberNovember
0.62%
0.63%
TRBUX
PIAMX