Correlation
The correlation between TRBUX and SGOV is 0.07, 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.
TRBUX vs. SGOV
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRBUX or SGOV.
Performance
TRBUX vs. SGOV - Performance Comparison
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Key characteristics
TRBUX:
3.36
SGOV:
21.63
TRBUX:
9.07
SGOV:
474.39
TRBUX:
3.87
SGOV:
475.39
TRBUX:
14.62
SGOV:
485.71
TRBUX:
50.30
SGOV:
7,710.35
TRBUX:
0.12%
SGOV:
0.00%
TRBUX:
1.65%
SGOV:
0.22%
TRBUX:
-4.15%
SGOV:
-0.03%
TRBUX:
0.00%
SGOV:
0.00%
Returns By Period
In the year-to-date period, TRBUX achieves a 1.60% return, which is significantly lower than SGOV's 1.75% return.
TRBUX
1.60%
0.00%
2.03%
5.29%
4.98%
3.37%
2.72%
SGOV
1.75%
0.35%
2.15%
4.82%
4.55%
2.74%
N/A
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TRBUX vs. SGOV - Expense Ratio Comparison
TRBUX has a 0.31% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
TRBUX vs. SGOV — Risk-Adjusted Performance Rank
TRBUX
SGOV
TRBUX vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 4.55%, less than SGOV's 4.69% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRBUX vs. SGOV - Drawdown Comparison
The maximum TRBUX drawdown since its inception was -4.15%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TRBUX and SGOV.
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Volatility
TRBUX vs. SGOV - Volatility Comparison
T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) has a higher volatility of 0.29% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that TRBUX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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