USIAX vs. TRSTX

Last updated Jun 3, 2026

USIAX (UBS Ultra Short Income Fund) and TRSTX (T. Rowe Price Ultra Short-Term Bond Fund Class I) are both Ultrashort Bond funds. USIAX charges 0.35%/yr vs 0.20%/yr for TRSTX.

Performance

USIAX vs. TRSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS Ultra Short Income Fund (USIAX) and T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USIAX

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRSTX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 1.64%
• 6M: 2.04%
• 1Y: 4.70%
• 3Y*: 5.74%
• 5Y*: 3.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USIAX vs. TRSTX - Yearly Performance Comparison

	2026 (YTD)
USIAX UBS Ultra Short Income Fund	0.32%
TRSTX T. Rowe Price Ultra Short-Term Bond Fund Class I	0.00%

Return for Risk

USIAX vs. TRSTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRSTX

TRSTX Risk / Return Rank: 98
TRSTX Sharpe Ratio Rank: 93
TRSTX Sortino Ratio Rank: 99
TRSTX Omega Ratio Rank: 100
TRSTX Calmar Ratio Rank: 100
TRSTX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USIAX vs. TRSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Ultra Short Income Fund (USIAX) and T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	USIAX	TRSTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.15	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	19.58	2.03	+17.54

Drawdowns

USIAX vs. TRSTX - Drawdown Comparison

The maximum USIAX drawdown since its inception was 0.00%, smaller than the maximum TRSTX drawdown of -4.34%. Use the drawdown chart below to compare losses from any high point for USIAX and TRSTX.

Drawdown Indicators

	USIAX	TRSTX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.34%	+4.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.58%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-0.30%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.09%	—

Volatility

Volatility by Period

	USIAX	TRSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	1.54%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.65%	1.66%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.65%	1.63%	+2.02%

USIAX vs. TRSTX - Expense Ratio Comparison

USIAX has a 0.35% expense ratio, which is higher than TRSTX's 0.20% expense ratio.

Dividends

USIAX vs. TRSTX - Dividend Comparison

USIAX's dividend yield for the trailing twelve months is around 0.32%, less than TRSTX's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TRSTX T. Rowe Price Ultra Short-Term Bond Fund Class I	4.59%	4.79%	5.19%	3.46%	1.61%	1.28%	1.94%	2.78%	1.98%
USIAX UBS Ultra Short Income Fund	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%