T. Rowe Price GNMA Fund (PRGMX)

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T. Rowe Price GNMA Fund (PRGMX) is up 0.9% since the beginning of the year. PRGMX is currently trading at $8 per share. Investors who bought $1,000 worth of PRGMX shares 5 years ago would now be looking at an investment worth $1,037.

T. Rowe Price GNMA Fund (PRGMX) has returned 0.93% so far this year and 7.21% over the past 12 months. Over the last ten years, PRGMX has returned 1.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 1986, PRGMX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +4.8%, while the worst month was Sep 2022 at -5.3%. The longest winning streak lasted 21 consecutive months, and the longest losing streak was 9 months.

On a daily basis, PRGMX closed higher 39% of trading days. The best single day was Nov 10, 2022 with a return of +2.8%, while the worst single day was Sep 26, 2022 at -2.1%.

T. Rowe Price GNMA Fund has an annualized alpha of 3.88%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 1986.

• This fund captured 11.89% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.98%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PRGMX has an expense ratio of 0.58%, placing it in the medium range.

PRGMX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

T. Rowe Price GNMA Fund provided a 4.99% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 4 consecutive years.

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

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.

The table below displays the maximum drawdowns of the T. Rowe Price GNMA 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 GNMA Fund was 18.22%, occurring on Oct 20, 2022. Recovery took 739 trading sessions.

The current T. Rowe Price GNMA Fund drawdown is 1.25%.

The chart below shows the rolling one-month volatility.