SMMU vs TBUX

Comparison between PIMCO SHORT TERM MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (SMMU, ETF) and T. ROWE PRICE ULTRA SHORT-TERM BOND ETF (TBUX, ETF).

5-Year PerformanceTBUX has outperformed SMMU, delivering a return of +4.1% compared to +1.8%

SMMU vs TBUX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMMU(ETF)	TBUX(ETF)
Net Assets	$1.10B	$1.20B
Expense Ratio	0.35%	0.17%
Max Drawdown	5.87%	3.42%
Sharpe Ratio	-0.91	1.01
5Y Beta	0.00	0.00
5Y Dividends CAGR	25.93%	N/A

Net Assets

SMMU

$1.10B

Winner

TBUX

$1.20B

Expense Ratio

SMMU

0.35%

Winner

TBUX

0.17%

Max Drawdown

SMMU

5.87%

Winner

TBUX

3.42%

Sharpe Ratio

SMMU

-0.91

Winner

TBUX

1.01

5Y Beta

SMMU

0.00

Winner

TBUX

0.00

5Y Dividends CAGR

SMMU

25.93%

TBUX

N/A

SMMU vs TBUX - Historical Returns

Returns include dividend reinvestment.

Period	SMMU	TBUX
1 month	-0.28%	+0.31%
3 months	+0.04%	+1.00%
6 months	+0.41%	+1.90%
1 year	+2.87%	+4.54%
5 years(CAGR)	+1.82%	+4.11%
10 years(CAGR)	+1.78%	N/A
Max(CAGR)	+1.50%	+4.11%

SMMU

-0.28%

Winner

TBUX

+0.31%

SMMU

+0.04%

Winner

TBUX

+1.00%

SMMU

+0.41%

Winner

TBUX

+1.90%

SMMU

+2.87%

Winner

TBUX

+4.54%

5Y(CAGR)

SMMU

+1.82%

Winner

TBUX

+4.11%

10Y(CAGR)

SMMU

+1.78%

TBUX

N/A

Max(CAGR)

SMMU

+1.50%

Winner

TBUX

+4.11%

SMMU vs TBUX - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	SMMU	TBUX
2026	+0.81%	+2.17%
2025	+4.06%	+5.38%
2024	+2.65%	+6.42%
2023	+4.19%	+6.37%
2022	-2.49%	-0.09%
2021	+0.18%	-0.22%
2020	+2.85%	N/A
2019	+3.34%	N/A
2018	+1.45%	N/A
2017	+1.72%	N/A
2016	-0.96%	N/A
2015	+0.97%	N/A
2014	+0.38%	N/A
2013	+0.15%	N/A
2012	+1.19%	N/A
2011	+1.90%	N/A
2010	+0.74%	N/A

SMMU vs TBUX Drawdown Comparison

The maximum drawdown for SMMU was -5.09%, occurring on Mar 20, 2020. Recovery took 61 trading sessions.

The maximum drawdown for TBUX was -1.79%, occurring on Jun 28, 2022. Recovery took 324 trading sessions.

The current SMMU drawdown is -0.48%. The current TBUX drawdown is -0.06%.

Rank	SMMU	TBUX
#1	-5.09% Mar 9, 2020 - Jun 4, 2020	-1.79% Sep 29, 2021 - Jan 12, 2023
#2	-4.76% Aug 3, 2021 - Nov 22, 2023	-0.48% Mar 13, 2023 - Apr 3, 2023
#3	-3.53% Aug 31, 2016 - Apr 21, 2017	-0.33% Apr 3, 2025 - Apr 21, 2025
#4	-1.95% Apr 4, 2025 - Jun 5, 2025	-0.28% Sep 3, 2024 - Sep 13, 2024
#5	-1.87% Apr 19, 2013 - Feb 28, 2014	-0.24% Apr 9, 2024 - Apr 23, 2024
#6	-1.43% Sep 29, 2010 - May 16, 2011	-0.22% Nov 13, 2024 - Nov 22, 2024
#7	-1.31% Sep 5, 2017 - Jul 23, 2018	-0.22% Oct 3, 2024 - Oct 24, 2024
#8	-1.04% Oct 2, 2024 - Dec 3, 2024	-0.20% Nov 25, 2024 - Nov 27, 2024
#9	-1.04% Jun 6, 2017 - Aug 21, 2017	-0.19% Jun 21, 2024 - Jul 5, 2024
#10	-0.98% Dec 6, 2024 - Feb 4, 2025	-0.19% Aug 2, 2024 - Aug 13, 2024
#11	-0.84% Aug 19, 2019 - Dec 13, 2019	-0.18% May 16, 2024 - May 24, 2024
#12	-0.78% Sep 10, 2018 - Dec 6, 2018	-0.18% Nov 27, 2024 - Dec 6, 2024
#13	-0.77% Feb 27, 2026 - Jun 11, 2026	-0.18% Nov 7, 2024 - Nov 13, 2024
#14	-0.71% Aug 3, 2011 - Aug 18, 2011	-0.18% May 23, 2025 - Jun 3, 2025
#15	-0.68% Mar 13, 2024 - May 15, 2024	-0.17% May 7, 2025 - May 13, 2025

Correlation

Correlation between SMMU and TBUX is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2010 - 2026)

SMMU vs TBUX dividend yield comparison.

Year	SMMU	TBUX
2026	1.43%	2.09%
2025	2.80%	4.67%
2024	3.03%	5.39%
2023	2.79%	4.66%
2022	1.37%	2.58%
2021	0.60%	0.27%
2020	1.19%	0.00%
2019	1.82%	0.00%
2018	1.57%	0.00%
2017	1.41%	0.00%
2016	1.03%	0.00%
2015	0.89%	0.00%
2014	0.67%	0.00%
2013	0.50%	0.00%
2012	1.05%	0.00%
2011	1.04%	0.00%
2010	1.05%	0.00%