TAGG Performance — T. Rowe Price QM U.S. Bond ETF
Data updated: 2026-09-25
TAGG returned −0.58% year to date and +2.90% over one year to Jul 2026. The annualised 3-year return is +3.91%. The fund trailed its Intermediate Core Bond category average: $100 invested three years ago grew to $112, against $113 for the category, and to $103 over one year, against $103. Volatility over the past three years was 5.62% a year. In the 12 months to Jul 2026 the fund took in a net $952.0M, and assets reached $2.32B.
TAGG Growth of $100
What $100 invested in T. Rowe Price QM U.S. Bond ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | TAGG | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $112 | $113 |
| Since data start (Sep 2021 – Jul 2026) | $99 | $100 |
TAGG Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −0.58% |
| 1 year | +2.90% |
| 3 years (annualised) | +3.91% |
TAGG Annual Returns
Calendar-year total returns of T. Rowe Price QM U.S. Bond ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −0.58% |
| 2025 | +7.40% |
| 2024 | +1.60% |
| 2023 | +5.69% |
| 2022 | −13.42% |
| 2021 (Sep–Dec) | −0.13% |
TAGG Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +1.7% | −1.8% | +0.1% | +0.3% | +0.3% | −1.3% | — | — | — | — | — |
| 2025 | +0.5% | +2.3% | 0.0% | +0.4% | −0.8% | +1.6% | −0.2% | +1.2% | +1.1% | +0.7% | +0.6% | −0.1% |
| 2024 | −0.1% | −1.4% | +0.9% | −2.5% | +1.8% | +1.0% | +2.4% | +1.4% | +1.3% | −2.5% | +1.1% | −1.6% |
| 2023 | +3.4% | −2.4% | +2.3% | +0.7% | −1.1% | −0.4% | −0.1% | −0.6% | −2.5% | −1.6% | +4.5% | +3.8% |
| 2022 | −2.0% | −1.1% | −2.9% | −3.8% | +0.5% | −1.6% | +2.3% | −2.7% | −4.4% | −1.5% | +3.7% | −0.5% |
| 2021 | — | — | — | — | — | — | — | — | 0.0% | −0.1% | +0.3% | −0.3% |
TAGG Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 5.62%
- 3-year Sharpe ratio: -0.10 (vs 4.5% risk-free rate)
- Best month: +4.49% (Nov 2023)
- Worst month: −2.51% (Sep 2023)
TAGG Fund Flows
Monthly money in and out of T. Rowe Price QM U.S. Bond ETF, from SEC Form N-PORT.
- 12-month net flow: $952.0M
- 12-month gross sales (incl. reinvestments): $1.1B
- Sales ÷ redemptions: 8.64×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $73.8M | $7.3M | $66.5M |
| Jun 2026 | $381.7M | $0 | $381.7M |
| May 2026 | $26.5M | $0 | $26.5M |
| Apr 2026 | $52.3M | $25.6M | $26.7M |
| Mar 2026 | $43.9M | $0 | $43.9M |
| Feb 2026 | $51.8M | $0 | $51.8M |
| Jan 2026 | $251.4M | $0 | $251.4M |
| Dec 2025 | $26.9M | $54.9M | −$28.0M |
| Nov 2025 | $36.7M | $0 | $36.7M |
| Oct 2025 | $89.8M | $0 | $89.8M |
| Sep 2025 | $19.4M | $36.7M | −$17.3M |
| Aug 2025 | $22.4M | $0 | $22.4M |
TAGG Assets Under Management
Net assets of T. Rowe Price QM U.S. Bond ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.32B |
| 2026-04-30 | $1.88B |
| 2026-01-31 | $1.78B |
| 2025-10-31 | $1.53B |
| 2025-07-31 | $1.41B |
| 2025-04-30 | $1.29B |
| 2025-01-31 | $102.73M |
| 2024-10-31 | $96.44M |
| 2024-07-31 | $91.90M |
| 2024-04-30 | $88.31M |
| 2024-01-31 | $93.06M |
| 2023-10-31 | $103.82M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.