TRBUX vs. TRSSX
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and T. Rowe Price Institutional Small Cap Stock Fund (TRSSX).
TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012. TRSSX is managed by T. Rowe Price. It was launched on Mar 31, 2000.
Performance
TRBUX vs. TRSSX - Performance Comparison
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TRBUX vs. TRSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 0.65% | 8.98% | 6.48% | 6.99% | -1.28% | 0.22% | 3.11% | 3.60% | 1.88% | 1.83% |
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 1.64% | 8.21% | 10.93% | 17.65% | -23.36% | 16.81% | 25.07% | 33.96% | -3.07% | 15.41% |
Returns By Period
In the year-to-date period, TRBUX achieves a 0.65% return, which is significantly lower than TRSSX's 1.64% return. Over the past 10 years, TRBUX has underperformed TRSSX with an annualized return of 3.34%, while TRSSX has yielded a comparatively higher 11.06% annualized return.
TRBUX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- 0.65%
- 6M
- 2.99%
- 1Y
- 8.39%
- 3Y*
- 7.01%
- 5Y*
- 4.28%
- 10Y*
- 3.34%
TRSSX
- 1D
- 3.81%
- 1M
- -6.98%
- YTD
- 1.64%
- 6M
- 2.99%
- 1Y
- 16.84%
- 3Y*
- 11.54%
- 5Y*
- 3.12%
- 10Y*
- 11.06%
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TRBUX vs. TRSSX - Expense Ratio Comparison
TRBUX has a 0.31% expense ratio, which is lower than TRSSX's 0.66% expense ratio.
Return for Risk
TRBUX vs. TRSSX — Risk / Return Rank
TRBUX
TRSSX
TRBUX vs. TRSSX - Risk-Adjusted Trends 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 Small Cap Stock Fund (TRSSX). 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.
| TRBUX | TRSSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.39 | 0.80 | +3.59 |
Sortino ratioReturn per unit of downside risk | 13.90 | 1.28 | +12.63 |
Omega ratioGain probability vs. loss probability | 5.56 | 1.17 | +4.40 |
Calmar ratioReturn relative to maximum drawdown | 22.36 | 0.89 | +21.47 |
Martin ratioReturn relative to average drawdown | 68.15 | 3.73 | +64.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRBUX | TRSSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.39 | 0.80 | +3.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.55 | 0.14 | +2.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.21 | 0.52 | +1.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.94 | 0.45 | +1.50 |
Correlation
The correlation between TRBUX and TRSSX 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.
Dividends
TRBUX vs. TRSSX - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 8.06%, less than TRSSX's 10.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 8.06% | 8.17% | 5.05% | 4.48% | 1.53% | 1.21% | 1.86% | 2.73% | 2.47% | 1.62% | 1.18% | 0.81% |
TRSSX T. Rowe Price Institutional Small Cap Stock Fund | 10.40% | 10.57% | 19.63% | 5.45% | 5.37% | 8.52% | 4.54% | 6.13% | 13.45% | 6.53% | 0.80% | 7.07% |
Drawdowns
TRBUX vs. TRSSX - Drawdown Comparison
The maximum TRBUX drawdown since its inception was -4.15%, smaller than the maximum TRSSX drawdown of -56.38%. Use the drawdown chart below to compare losses from any high point for TRBUX and TRSSX.
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Drawdown Indicators
| TRBUX | TRSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.15% | -56.38% | +52.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -13.50% | +13.11% |
Max Drawdown (5Y)Largest decline over 5 years | -2.68% | -32.12% | +29.44% |
Max Drawdown (10Y)Largest decline over 10 years | -4.15% | -37.85% | +33.70% |
Current DrawdownCurrent decline from peak | -0.39% | -8.05% | +7.66% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -9.05% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 3.73% | -3.60% |
Volatility
TRBUX vs. TRSSX - Volatility Comparison
The current volatility for T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) is 0.20%, while T. Rowe Price Institutional Small Cap Stock Fund (TRSSX) has a volatility of 8.21%. This indicates that TRBUX experiences smaller price fluctuations and is considered to be less risky than TRSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRBUX | TRSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 8.21% | -8.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 13.61% | -12.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 21.91% | -19.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.70% | 22.11% | -20.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.52% | 21.49% | -19.97% |