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T. Rowe Price Emerging Markets Corporate Bond Fund...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US77956H6412

Inception Date

May 23, 2012

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

PACEX has a high expense ratio of 1.16%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

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Performance

Performance Chart


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Returns By Period

T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX) returned 0.71% year-to-date (YTD) and 5.70% over the past 12 months. Over the past 10 years, PACEX returned 3.11% annually, underperforming the S&P 500 benchmark at 10.46%.


PACEX

YTD

0.71%

1M

1.56%

6M

0.20%

1Y

5.70%

5Y*

2.87%

10Y*

3.11%

^GSPC (Benchmark)

YTD

-3.77%

1M

7.44%

6M

-5.60%

1Y

8.37%

5Y*

14.12%

10Y*

10.46%

*Annualized

Monthly Returns

The table below presents the monthly returns of PACEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.81%1.63%-0.30%-1.19%-0.22%0.71%
20240.41%0.61%1.32%-1.12%1.48%0.73%1.32%1.57%1.80%-0.84%0.23%-0.63%7.06%
20233.24%-1.85%-0.21%0.58%-0.29%0.86%1.40%-0.72%-1.18%-1.58%3.82%3.05%7.15%
2022-2.49%-3.26%-1.60%-2.34%-1.20%-4.21%0.24%1.13%-4.92%-1.77%5.62%2.03%-12.47%
2021-0.09%-0.29%-0.82%0.56%0.43%0.72%-0.28%0.90%-0.83%-1.29%-1.60%0.60%-2.01%
20201.26%-0.18%-14.32%5.06%4.23%2.94%2.60%1.17%-0.53%0.71%3.33%1.63%6.59%
20193.11%1.07%1.08%0.69%0.40%2.17%1.03%0.28%0.40%0.80%0.25%0.89%12.83%
20180.12%-0.99%-0.61%-0.54%-1.00%-0.71%1.86%-0.87%1.23%-0.90%-0.38%1.01%-1.80%
20171.20%1.51%0.26%1.28%0.72%0.26%0.97%0.99%0.55%0.42%-0.04%0.44%8.89%
2016-0.27%1.06%3.88%1.81%0.58%1.66%2.51%1.29%0.05%-0.08%-2.84%1.05%11.09%
2015-0.90%1.82%0.28%2.17%0.67%-1.17%-0.27%-2.11%-1.93%2.60%-0.23%-1.44%-0.66%
2014-0.29%1.97%0.97%0.80%2.90%0.71%-0.25%0.10%-1.42%0.86%-0.71%-2.52%3.05%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 88, PACEX is among the top 12% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of PACEX is 8888
Overall Rank
The Sharpe Ratio Rank of PACEX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of PACEX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of PACEX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of PACEX is 7979
Calmar Ratio Rank
The Martin Ratio Rank of PACEX is 8888
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

T. Rowe Price Emerging Markets Corporate Bond Fund Sharpe ratios as of May 11, 2025 (values are recalculated daily):

  • 1-Year: 1.74
  • 5-Year: 0.83
  • 10-Year: 0.76
  • All Time: 0.92

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of T. Rowe Price Emerging Markets Corporate Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

T. Rowe Price Emerging Markets Corporate Bond Fund provided a 4.93% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 3 consecutive years.


3.50%4.00%4.50%5.00%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.45$0.47$0.41$0.36$0.35$0.43$0.46$0.45$0.42$0.44$0.47$0.50

Dividend yield

4.93%5.15%4.55%4.12%3.36%3.85%4.26%4.46%3.94%4.28%4.92%4.95%

Monthly Dividends

The table displays the monthly dividend distributions for T. Rowe Price Emerging Markets Corporate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.04$0.00$0.00$0.13
2024$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.47
2023$0.04$0.03$0.03$0.03$0.03$0.04$0.03$0.04$0.04$0.03$0.03$0.04$0.41
2022$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.36
2021$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2020$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.03$0.03$0.03$0.03$0.04$0.43
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.46
2018$0.03$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.45
2017$0.03$0.04$0.04$0.03$0.04$0.04$0.03$0.03$0.04$0.03$0.04$0.04$0.42
2016$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.03$0.03$0.04$0.44
2015$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.47
2014$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.05$0.50

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the T. Rowe Price Emerging Markets Corporate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the T. Rowe Price Emerging Markets Corporate Bond Fund was 22.57%, occurring on Oct 21, 2022. The portfolio has not yet recovered.

The current T. Rowe Price Emerging Markets Corporate Bond Fund drawdown is 2.28%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.57%Sep 14, 2021280Oct 21, 2022
-19.86%Feb 24, 202022Mar 24, 2020158Nov 5, 2020180
-8.98%May 10, 201331Jun 24, 2013229May 21, 2014260
-6.67%Jul 10, 2014387Jan 21, 201657Apr 13, 2016444
-4.31%Jan 9, 2018119Jun 28, 2018145Jan 28, 2019264

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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