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
Returns By Period
In the year-to-date period, TRBUX achieves a 5.38% return, which is significantly higher than SGOV's 4.75% return.
TRBUX
5.38%
0.23%
3.05%
6.67%
2.85%
2.40%
SGOV
4.75%
0.38%
2.53%
5.31%
N/A
N/A
Key characteristics
| TRBUX | SGOV | |
|---|---|---|
| Sharpe Ratio | 3.78 | 21.74 |
| Sortino Ratio | 9.87 | 523.74 |
| Omega Ratio | 3.98 | 524.74 |
| Calmar Ratio | 33.47 | 537.55 |
| Martin Ratio | 65.99 | 8,533.31 |
| Ulcer Index | 0.10% | 0.00% |
| Daily Std Dev | 1.76% | 0.25% |
| Max Drawdown | -4.15% | -0.03% |
| Current Drawdown | -0.20% | 0.00% |
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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.
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.
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 5.03%, 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 | 5.03% | 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 0.62% 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.