T. Rowe Price QM U.S. Bond Index Fund (PBDIX)
Fund Info
| ISIN | US7414951050 |
|---|---|
| CUSIP | 741495105 |
| Issuer | T. Rowe Price |
| Category | Total Bond Market |
| Asset Class | Bond |
Expense Ratio
PBDIX has an expense ratio of 0.23%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PBDIX vs. BIIIX, PBDIX vs. VTSAX, PBDIX vs. PRXCX, PBDIX vs. VBTLX, PBDIX vs. AAPL, PBDIX vs. TUHIX, PBDIX vs. RPIFX, PBDIX vs. PACEX, PBDIX vs. VBMFX, PBDIX vs. POMIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price QM U.S. Bond Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price QM U.S. Bond Index Fund had a return of 1.61% year-to-date (YTD) and 8.15% in the last 12 months. Over the past 10 years, T. Rowe Price QM U.S. Bond Index Fund had an annualized return of 1.54%, while the S&P 500 had an annualized return of 11.39%, indicating that T. Rowe Price QM U.S. Bond Index Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.61% | 25.45% |
| 1 month | -1.40% | 2.91% |
| 6 months | 3.18% | 14.05% |
| 1 year | 8.15% | 35.64% |
| 5 years (annualized) | 0.01% | 14.13% |
| 10 years (annualized) | 1.54% | 11.39% |
Monthly Returns
The table below presents the monthly returns of PBDIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.11% | -1.34% | 0.86% | -2.49% | 1.77% | 0.96% | 2.36% | 1.51% | 1.24% | -2.49% | 1.61% | ||
| 2023 | 3.30% | -2.38% | 2.19% | 0.67% | -1.04% | -0.41% | -0.13% | -0.63% | -2.43% | -1.64% | 4.42% | 3.74% | 5.48% |
| 2022 | -1.97% | -1.20% | -2.84% | -3.77% | 0.39% | -1.45% | 2.22% | -2.60% | -4.46% | -1.55% | 3.49% | -0.54% | -13.63% |
| 2021 | -0.55% | -1.32% | -1.32% | 0.88% | 0.14% | 0.77% | 1.12% | -0.12% | -0.80% | -0.11% | 0.33% | -0.45% | -1.45% |
| 2020 | 2.20% | 1.78% | -1.68% | 2.15% | 0.64% | 1.13% | 1.64% | -0.67% | 0.00% | -0.50% | 1.09% | 1.49% | 9.58% |
| 2019 | 1.01% | -0.03% | 2.04% | -0.11% | 1.94% | 1.13% | 0.25% | 2.77% | -0.66% | 0.24% | -0.03% | -0.39% | 8.41% |
| 2018 | -1.14% | -0.98% | 0.62% | -0.71% | 0.61% | 0.06% | -0.04% | 0.56% | -0.62% | -0.68% | 0.57% | 1.79% | -0.01% |
| 2017 | 0.31% | 0.69% | -0.03% | 0.76% | 0.78% | 0.07% | 0.40% | 0.87% | -0.49% | 0.04% | -0.05% | 0.42% | 3.83% |
| 2016 | 1.32% | 0.60% | 0.96% | 0.51% | 0.05% | 1.93% | 0.75% | -0.22% | 0.05% | -0.85% | -2.55% | 0.16% | 2.66% |
| 2015 | 2.10% | -0.92% | 0.39% | -0.21% | -0.38% | -1.11% | 0.80% | -0.32% | 0.61% | 0.07% | -0.22% | -0.55% | 0.22% |
| 2014 | 1.64% | 0.52% | -0.11% | 0.79% | 1.15% | 0.06% | -0.21% | 1.14% | -0.66% | 0.96% | 0.75% | -0.20% | 5.95% |
| 2013 | -0.63% | 0.60% | 0.07% | 0.94% | -1.67% | -1.71% | 0.07% | -0.65% | 0.99% | 0.70% | -0.21% | -1.29% | -2.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PBDIX is 14, indicating that it is in the bottom 14% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond Index Fund (PBDIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price QM U.S. Bond Index Fund provided a 4.00% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.34 | $0.26 | $0.21 | $0.57 | $0.33 | $0.31 | $0.30 | $0.30 | $0.32 | $0.32 | $0.33 |
Dividend yield | 4.00% | 3.49% | 2.74% | 1.85% | 4.85% | 2.92% | 2.94% | 2.75% | 2.78% | 2.90% | 2.86% | 3.05% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price QM U.S. Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.00 | $0.32 | |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.26 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.32 | $0.57 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2017 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2016 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.30 |
| 2015 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.32 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price QM U.S. Bond Index 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 QM U.S. Bond Index Fund was 19.26%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current T. Rowe Price QM U.S. Bond Index Fund drawdown is 9.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.26% | Dec 8, 2020 | 473 | Oct 24, 2022 | — | — | — |
| -7.1% | Mar 10, 2020 | 8 | Mar 19, 2020 | 58 | Jun 11, 2020 | 66 |
| -5.67% | Dec 7, 2012 | 187 | Sep 5, 2013 | 238 | Aug 15, 2014 | 425 |
| -5.37% | Sep 10, 2008 | 37 | Oct 30, 2008 | 32 | Dec 16, 2008 | 69 |
| -4.77% | Jun 16, 2003 | 42 | Aug 14, 2003 | 104 | Jan 13, 2004 | 146 |
Volatility
Volatility Chart
The current T. Rowe Price QM U.S. Bond Index Fund volatility is 1.67%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.