TSDLX vs. ASBAX
Compare and contrast key facts about T. Rowe Price Short Duration Income Fund (TSDLX) and American Funds Short-Term Bond Fund of America (ASBAX).
TSDLX is managed by T. Rowe Price. It was launched on Dec 7, 2020. ASBAX is managed by American Funds. It was launched on Oct 2, 2006.
Performance
TSDLX vs. ASBAX - Performance Comparison
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TSDLX vs. ASBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TSDLX T. Rowe Price Short Duration Income Fund | -0.02% | 10.34% | 6.30% | 6.07% | -5.69% | 0.77% | 0.10% |
ASBAX American Funds Short-Term Bond Fund of America | -0.26% | 5.05% | 4.31% | 3.60% | -4.16% | -0.88% | 0.11% |
Returns By Period
In the year-to-date period, TSDLX achieves a -0.02% return, which is significantly higher than ASBAX's -0.26% return.
TSDLX
- 1D
- 0.11%
- 1M
- -1.15%
- YTD
- -0.02%
- 6M
- 2.61%
- 1Y
- 8.51%
- 3Y*
- 6.90%
- 5Y*
- 3.29%
- 10Y*
- —
ASBAX
- 1D
- 0.10%
- 1M
- -0.93%
- YTD
- -0.26%
- 6M
- 0.79%
- 1Y
- 3.11%
- 3Y*
- 3.72%
- 5Y*
- 1.51%
- 10Y*
- 1.57%
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TSDLX vs. ASBAX - Expense Ratio Comparison
TSDLX has a 0.40% expense ratio, which is lower than ASBAX's 0.66% expense ratio.
Return for Risk
TSDLX vs. ASBAX — Risk / Return Rank
TSDLX
ASBAX
TSDLX vs. ASBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Short Duration Income Fund (TSDLX) and American Funds Short-Term Bond Fund of America (ASBAX). 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.
| TSDLX | ASBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.85 | 1.81 | +2.04 |
Sortino ratioReturn per unit of downside risk | 8.30 | 3.19 | +5.11 |
Omega ratioGain probability vs. loss probability | 2.18 | 1.44 | +0.74 |
Calmar ratioReturn relative to maximum drawdown | 7.19 | 2.95 | +4.24 |
Martin ratioReturn relative to average drawdown | 29.70 | 11.57 | +18.14 |
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
| TSDLX | ASBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.85 | 1.81 | +2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.44 | 0.69 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.45 | 0.96 | +0.49 |
Correlation
The correlation between TSDLX and ASBAX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TSDLX vs. ASBAX - Dividend Comparison
TSDLX's dividend yield for the trailing twelve months is around 8.42%, more than ASBAX's 3.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSDLX T. Rowe Price Short Duration Income Fund | 8.42% | 8.51% | 5.44% | 4.21% | 1.82% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ASBAX American Funds Short-Term Bond Fund of America | 3.50% | 3.87% | 3.99% | 2.88% | 1.02% | 0.42% | 2.08% | 1.66% | 1.70% | 1.21% | 0.83% | 1.21% |
Drawdowns
TSDLX vs. ASBAX - Drawdown Comparison
The maximum TSDLX drawdown since its inception was -7.86%, which is greater than ASBAX's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for TSDLX and ASBAX.
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Drawdown Indicators
| TSDLX | ASBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.86% | -6.29% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -1.24% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -7.86% | -6.23% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.29% | — |
Current DrawdownCurrent decline from peak | -1.15% | -0.93% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -0.68% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.32% | -0.02% |
Volatility
TSDLX vs. ASBAX - Volatility Comparison
The current volatility for T. Rowe Price Short Duration Income Fund (TSDLX) is 0.52%, while American Funds Short-Term Bond Fund of America (ASBAX) has a volatility of 0.60%. This indicates that TSDLX experiences smaller price fluctuations and is considered to be less risky than ASBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSDLX | ASBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.60% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 1.22% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 1.93% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.30% | 2.20% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.24% | 1.81% | +0.43% |