Correlation
The correlation between TRBUX and RPIFX is -0.01. 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.
TRBUX vs. RPIFX
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX).
TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012. RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRBUX or RPIFX.
Performance
TRBUX vs. RPIFX - Performance Comparison
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Key characteristics
TRBUX:
3.36
RPIFX:
2.48
TRBUX:
9.07
RPIFX:
5.06
TRBUX:
3.87
RPIFX:
2.16
TRBUX:
14.62
RPIFX:
3.34
TRBUX:
50.30
RPIFX:
16.46
TRBUX:
0.12%
RPIFX:
0.46%
TRBUX:
1.65%
RPIFX:
2.89%
TRBUX:
-4.15%
RPIFX:
-22.53%
TRBUX:
0.00%
RPIFX:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with TRBUX having a 1.60% return and RPIFX slightly higher at 1.67%. Over the past 10 years, TRBUX has underperformed RPIFX with an annualized return of 2.72%, while RPIFX has yielded a comparatively higher 4.83% annualized return.
TRBUX
1.60%
0.20%
2.03%
5.29%
4.98%
3.37%
2.72%
RPIFX
1.67%
0.96%
2.22%
6.78%
8.45%
6.80%
4.83%
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TRBUX vs. RPIFX - Expense Ratio Comparison
TRBUX has a 0.31% expense ratio, which is lower than RPIFX's 0.57% expense ratio.
Risk-Adjusted Performance
TRBUX vs. RPIFX — Risk-Adjusted Performance Rank
TRBUX
RPIFX
TRBUX vs. RPIFX - 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 T. Rowe Price Institutional Floating Rate Fund (RPIFX). 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.
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Dividends
TRBUX vs. RPIFX - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 4.55%, less than RPIFX's 7.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 4.55% | 5.06% | 4.02% | 2.28% | 1.53% | 1.95% | 2.72% | 2.62% | 1.88% | 1.20% | 0.80% | 0.48% |
RPIFX T. Rowe Price Institutional Floating Rate Fund | 7.19% | 8.44% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% |
Drawdowns
TRBUX vs. RPIFX - Drawdown Comparison
The maximum TRBUX drawdown since its inception was -4.15%, smaller than the maximum RPIFX drawdown of -22.53%. Use the drawdown chart below to compare losses from any high point for TRBUX and RPIFX.
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Volatility
TRBUX vs. RPIFX - Volatility Comparison
The current volatility for T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) is 0.29%, while T. Rowe Price Institutional Floating Rate Fund (RPIFX) has a volatility of 0.40%. This indicates that TRBUX experiences smaller price fluctuations and is considered to be less risky than RPIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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