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.
Key characteristics
| TRBUX | SGOV | |
|---|---|---|
| YTD Return | 5.59% | 4.62% |
| 1Y Return | 7.09% | 5.39% |
| 3Y Return (Ann) | 3.55% | 3.78% |
| Sharpe Ratio | 4.14 | 22.10 |
| Ulcer Index | 0.10% | 0.00% |
| Daily Std Dev | 1.71% | 0.25% |
| Max Drawdown | -4.15% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TRBUX and SGOV is 0.06, 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.
Performance
TRBUX vs. SGOV - Performance Comparison
In the year-to-date period, TRBUX achieves a 5.59% return, which is significantly higher than SGOV's 4.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
TRBUX vs. SGOV - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 5.02%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 5.02% | 4.02% | 1.97% | 1.11% | 1.83% | 2.72% | 2.58% | 1.88% | 1.20% | 0.80% | 0.42% | 0.06% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
TRBUX vs. SGOV - Volatility Comparison
T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) has a higher volatility of 0.41% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. 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.