TRBUX vs. VTIP
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRBUX or VTIP.
Key characteristics
| TRBUX | VTIP | |
|---|---|---|
| YTD Return | 5.59% | 4.61% |
| 1Y Return | 7.09% | 7.15% |
| 3Y Return (Ann) | 3.55% | 2.24% |
| 5Y Return (Ann) | 2.93% | 3.56% |
| 10Y Return (Ann) | 2.42% | 2.40% |
| Sharpe Ratio | 4.14 | 3.19 |
| Sortino Ratio | 12.27 | 5.64 |
| Omega Ratio | 5.34 | 1.74 |
| Calmar Ratio | 35.60 | 4.00 |
| Martin Ratio | 73.62 | 26.90 |
| Ulcer Index | 0.10% | 0.26% |
| Daily Std Dev | 1.71% | 2.17% |
| Max Drawdown | -4.15% | -6.27% |
| Current Drawdown | 0.00% | -0.41% |
Correlation
The correlation between TRBUX and VTIP is 0.19, 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. VTIP - Performance Comparison
In the year-to-date period, TRBUX achieves a 5.59% return, which is significantly higher than VTIP's 4.61% return. Both investments have delivered pretty close results over the past 10 years, with TRBUX having a 2.42% annualized return and VTIP not far behind at 2.40%. 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. VTIP - Expense Ratio Comparison
TRBUX has a 0.31% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Risk-Adjusted Performance
TRBUX vs. VTIP - 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 Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 5.02%, more than VTIP's 3.38% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
TRBUX vs. VTIP - Drawdown Comparison
The maximum TRBUX drawdown since its inception was -4.15%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for TRBUX and VTIP. For additional features, visit the drawdowns tool.
Volatility
TRBUX vs. VTIP - Volatility Comparison
T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) have volatilities of 0.41% and 0.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.