TRBUX vs. VWAHX
Compare and contrast key facts about T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRBUX or VWAHX.
Key characteristics
| TRBUX | VWAHX | |
|---|---|---|
| YTD Return | 5.59% | 3.35% |
| 1Y Return | 7.09% | 11.05% |
| 3Y Return (Ann) | 3.55% | -0.42% |
| 5Y Return (Ann) | 2.93% | 1.64% |
| 10Y Return (Ann) | 2.42% | 3.12% |
| Sharpe Ratio | 4.14 | 2.66 |
| Sortino Ratio | 12.27 | 4.05 |
| Omega Ratio | 5.34 | 1.64 |
| Calmar Ratio | 35.60 | 0.95 |
| Martin Ratio | 73.62 | 13.26 |
| Ulcer Index | 0.10% | 0.84% |
| Daily Std Dev | 1.71% | 4.20% |
| Max Drawdown | -4.15% | -17.82% |
| Current Drawdown | 0.00% | -1.95% |
Correlation
The correlation between TRBUX and VWAHX is 0.20, 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. VWAHX - Performance Comparison
In the year-to-date period, TRBUX achieves a 5.59% return, which is significantly higher than VWAHX's 3.35% return. Over the past 10 years, TRBUX has underperformed VWAHX with an annualized return of 2.42%, while VWAHX has yielded a comparatively higher 3.12% annualized 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. VWAHX - Expense Ratio Comparison
TRBUX has a 0.31% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Risk-Adjusted Performance
TRBUX vs. VWAHX - 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 High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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. VWAHX - Dividend Comparison
TRBUX's dividend yield for the trailing twelve months is around 5.02%, more than VWAHX's 3.70% 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% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.70% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
TRBUX vs. VWAHX - Drawdown Comparison
The maximum TRBUX drawdown since its inception was -4.15%, smaller than the maximum VWAHX drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for TRBUX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
TRBUX vs. VWAHX - Volatility Comparison
The current volatility for T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) is 0.41%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 2.02%. This indicates that TRBUX experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.