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ETFs

T. Rowe Price Ultra Short-Term Bond ETF

TBUX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 28 2021
Expense Ratio
0.17%
Type
Global Bonds
Fund Owner
T. Rowe Price
Volume (1m avg. daily)
$196,316
AUM
$111,611,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash/Cash equivalent
2.01%
n/a
TREASURY BILL 01/24 0.00000
1.15%
n/a
TARGA RES CORP
0.99%
n/a
SYNGENTA WILMINGTON
0.99%
n/a
JABIL INC
0.99%
EXC4987197
CONSTELLATION EN GEN LLC SR UNSECURED 06/25 3.25
0.94%
ABBV5083839
ABBVIE INC SR UNSECURED 03/25 3.8
0.90%
n/a
BRUNSWICK CORP DISC
0.90%
n/a
HPEFS EQUIPMENT TRUST HPEFS 2022 1A B 144A
0.87%
HCA4
HCA Inc. - 5.375% NT REDEEM 01/02/2025 USD 2000
0.84%
Invest with TBUX

What is TBUX?

Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. For purposes of determining whether the fund invests at least 80% of its net asset in bonds, the fund includes the market value of derivative instruments that are linked to, or provide investment exposure to, bonds. Shareholders will receive at least 60 days prior notice of a change in the fund s policy. The fund invests in a diversified portfolio of shorter-term investment-grade corporate and government securities, including mortgage-backed securities, municipal securities, money market securities and bank obligations, and securities of foreign issuers, including up to 10% of net assets in non-U.S. dollar-denominated securities of foreign issuers. The fund primarily invests in securities rated investment grade (i.e., rated in one of the four highest credit rating categories) at the time of purchase by at least one of the major credit rating agencies or, if unrated, deemed by T. Rowe Price to be investment-grade quality. The fund will not be required to sell a holding if it is later downgraded to a non-investment-grade rating. While the fund may purchase an individual security with an effective maturity of up to five years, under normal conditions the fund s dollar-weighted average effective maturity will be 1.5 years or less.

ETFs related toTBUX

ETFs correlated to TBUX include YEAR, JSCP, SPSB

TBUX
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Ultra Short-Term Bond ETF
YEAR
AB Active ETFs Inc - AB Ultra Short Income ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus ETF
SPSB
SSgA Active Trust - SPDR Portfolio Short Term Corporate Bond ETF
GSY
Invesco Capital Management LLC - Invesco Ultra Short Duration ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
BSCP
Invesco Capital Management LLC - Invesco BulletShares 2025 Corporate Bond ETF
VUSB
Vanguard Group, Inc. - Vanguard Ultra-Short Bond ETF
FSIG
First Trust Exchange-Traded Fund IV - First Trust Limited Duration Investment Grade Corporate ETF
AVSF
American Century ETF Trust - Avantis Short-Term Fixed Income ETF
SUSB
iShares Trust - iShares Trust iShares ESG Aware 1-5 Year USD Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTBUX

#BTD

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Category

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Risk Rating

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#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

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Create your own algorithmic trading strategy with TBUX using Composer

FAQ

TBUX is a Global Bonds ETF. Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in bonds. For purposes of determining whether the fund invests at least 80% of its net asset in bonds, the fund includes the market value of derivative instruments that are linked to, or provide investment exposure to, bonds. Shareholders will receive at least 60 days prior notice of a change in the fund s policy. The fund invests in a diversified portfolio of shorter-term investment-grade corporate and government securities, including mortgage-backed securities, municipal securities, money market securities and bank obligations, and securities of foreign issuers, including up to 10% of net assets in non-U.S. dollar-denominated securities of foreign issuers. The fund primarily invests in securities rated investment grade (i.e., rated in one of the four highest credit rating categories) at the time of purchase by at least one of the major credit rating agencies or, if unrated, deemed by T. Rowe Price to be investment-grade quality. The fund will not be required to sell a holding if it is later downgraded to a non-investment-grade rating. While the fund may purchase an individual security with an effective maturity of up to five years, under normal conditions the fund s dollar-weighted average effective maturity will be 1.5 years or less.

Yes, TBUX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TBUX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TBUX is 0.0046%. This is the percent change in the value of TBUX over the most recent 1-month period. The 3-month return on TBUX is 0.0149%. This is the percent change in the value of TBUX over the most recent 3-month period.

The standard deviation of TBUX for the past year is 0.0166%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TBUX include GVI, BLV, and BSV.

ETFs correlated to TBUX include YEAR, JSCP, and SPSB.

ETFs that are inversely correlated to TBUX include TBX, PST, and USDU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.