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T. Rowe Price Short-Term Bond Fund Advisor Class PASHX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | PASHX | Replication |
|---|---|---|
| Annualized growth | -4.1% | -4.4% |
| Annualized volatility | 1.6% | 1.8% |
| Sharpe ratio | -2.72 | -2.50 |
| Maximum drawdown | 0.8% | 0.9% |
| Replication fit (R²) | 0.76 · Tracking error 0.8% | |
Replication portfolio
The published portfolio below is the investable basket used to model PASHX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| VGSH | FI · Short Gov | 44.1% |
| STIP | FI · Short TIPS | 24.8% |
| MUB | FI · Municipal | 12.9% |
| BCI | Alternatives · Commodities | 10.9% |
| VCSH | FI · Short Corp | 7.4% |