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T. Rowe Price QM U.S. Bond Index Fund (PBDIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US7414951050

CUSIP

741495105

Issuer

T. Rowe Price

Asset Class

Bond

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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
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.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.29%
12.53%
PBDIX (T. Rowe Price QM U.S. Bond Index Fund)
Benchmark (^GSPC)

Returns By Period

T. Rowe Price QM U.S. Bond Index Fund had a return of 1.61% year-to-date (YTD) and 6.53% in the last 12 months. Over the past 10 years, T. Rowe Price QM U.S. Bond Index Fund had an annualized return of 1.51%, while the S&P 500 had an annualized return of 11.21%, indicating that T. Rowe Price QM U.S. Bond Index Fund did not perform as well as the benchmark.


PBDIX

YTD

1.61%

1M

-0.48%

6M

3.29%

1Y

6.53%

5Y (annualized)

-0.02%

10Y (annualized)

1.51%

^GSPC (Benchmark)

YTD

25.15%

1M

2.97%

6M

12.53%

1Y

31.00%

5Y (annualized)

13.95%

10Y (annualized)

11.21%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.11%-1.34%0.86%-2.49%1.77%0.96%2.36%1.51%1.24%-2.49%1.61%
20233.30%-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%
20202.20%1.78%-1.68%2.15%0.64%1.13%1.64%-0.67%0.00%-0.50%1.09%1.49%9.58%
20191.01%-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%
20170.31%0.69%-0.03%0.76%0.78%0.07%0.40%0.87%-0.49%0.04%-0.05%0.42%3.83%
20161.32%0.60%0.96%0.51%0.05%1.93%0.75%-0.22%0.05%-0.85%-2.55%0.16%2.66%
20152.10%-0.92%0.39%-0.21%-0.38%-1.11%0.80%-0.32%0.61%0.07%-0.22%-0.55%0.22%
20141.64%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%

Expense Ratio

PBDIX has an expense ratio of 0.23%, which is considered low compared to other funds.


Expense ratio chart for PBDIX: current value at 0.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.23%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PBDIX is 17, indicating that it is in the bottom 17% 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.


The Risk-Adjusted Performance Rank of PBDIX is 1717
Combined Rank
The Sharpe Ratio Rank of PBDIX is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of PBDIX is 2121
Sortino Ratio Rank
The Omega Ratio Rank of PBDIX is 1818
Omega Ratio Rank
The Calmar Ratio Rank of PBDIX is 1313
Calmar Ratio Rank
The Martin Ratio Rank of PBDIX is 1414
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 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.


Sharpe ratio
The chart of Sharpe ratio for PBDIX, currently valued at 1.12, compared to the broader market-1.000.001.002.003.004.005.001.122.53
The chart of Sortino ratio for PBDIX, currently valued at 1.66, compared to the broader market0.005.0010.001.663.39
The chart of Omega ratio for PBDIX, currently valued at 1.20, compared to the broader market1.002.003.004.001.201.47
The chart of Calmar ratio for PBDIX, currently valued at 0.42, compared to the broader market0.005.0010.0015.0020.000.423.65
The chart of Martin ratio for PBDIX, currently valued at 3.63, compared to the broader market0.0020.0040.0060.0080.00100.003.6316.21
PBDIX
^GSPC

The current T. Rowe Price QM U.S. Bond Index Fund Sharpe ratio is 1.12. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of T. Rowe Price QM U.S. Bond Index Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.12
2.53
PBDIX (T. Rowe Price QM U.S. Bond Index Fund)
Benchmark (^GSPC)

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.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-9.54%
-0.53%
PBDIX (T. Rowe Price QM U.S. Bond Index Fund)
Benchmark (^GSPC)

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, 2020473Oct 24, 2022
-7.1%Mar 10, 20208Mar 19, 202058Jun 11, 202066
-5.67%Dec 7, 2012187Sep 5, 2013238Aug 15, 2014425
-5.37%Sep 10, 200837Oct 30, 200832Dec 16, 200869
-4.77%Jun 16, 200342Aug 14, 2003104Jan 13, 2004146

Volatility

Volatility Chart

The current T. Rowe Price QM U.S. Bond Index Fund volatility is 1.46%, 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.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.46%
3.97%
PBDIX (T. Rowe Price QM U.S. Bond Index Fund)
Benchmark (^GSPC)