PRGMX Alternatives & Similar Mutual Funds

T. Rowe Price GNMA Fund (PRGMX) belongs to the Government Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PRGMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PRGMX

PRGMX charges 0.58% annually. There are 59 mutual funds in the Government Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	0.01%	—	Mar 2009	PRGMX vs GUSTX
FUAMX	Fidelity Intermediate Treasury Bond Index Fund	0.03%	—	Dec 2005	PRGMX vs FUAMX
FNBGX	Fidelity Long-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	PRGMX vs FNBGX
FUMBX	Fidelity Short-Term Treasury Bond Index Fund	0.03%	—	Dec 2005	PRGMX vs FUMBX
FUTBX	Fidelity SAI U.S. Treasury Bond Index Fund	0.03%	—	Mar 2016	PRGMX vs FUTBX

Best Risk-Adjusted Alternatives to PRGMX

PRGMX has a PortfoliosLab risk / return rank of 22. There are 23 mutual funds in the Government Bonds category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	99	1.81B	May 1987	PRGMX vs DFFGX
FEUGX	Federated Hermes Adjustable Rate Fund	99	—	Dec 1985	PRGMX vs FEUGX
GUSTX	GMO U.S. Treasury Fund	99	—	Mar 2009	PRGMX vs GUSTX
MDSIX	Integrity Short Term Government Fund	91	—	Jun 2011	PRGMX vs MDSIX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	88	—	Aug 2010	PRGMX vs VSBIX

Top Performing PRGMX Alternatives (YTD)

PRGMX is at -0.36% YTD. There are 34 mutual funds in the Government Bonds category with higher YTD returns, going as high as 2.05%.

Symbol	Name	YTD Return	AUM	Inception
MDSIX	Integrity Short Term Government Fund	2.05%	—	Jun 2011	PRGMX vs MDSIX
FEUGX	Federated Hermes Adjustable Rate Fund	1.94%	—	Dec 1985	PRGMX vs FEUGX
DFFGX	DFA Short-Term Government Portfolio	1.79%	1.81B	May 1987	PRGMX vs DFFGX
GUSTX	GMO U.S. Treasury Fund	1.59%	—	Mar 2009	PRGMX vs GUSTX
RFBAX	Davis Government Bond Fund	0.94%	—	Nov 1994	PRGMX vs RFBAX

Lowest Volatility Alternatives to PRGMX

PRGMX has 4.16% 1-year volatility. There are 72 mutual funds in the Government Bonds category with lower 1-year volatility, going as low as 0.81%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFFGX	DFA Short-Term Government Portfolio	0.81%	1.81B	May 1987	PRGMX vs DFFGX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	1.21%	—	Aug 2010	PRGMX vs VSBIX
VSBSX	Vanguard Short-Term Treasury Index Fund Admiral Sh...	1.22%	33.80B	Dec 2009	PRGMX vs VSBSX
GUSTX	GMO U.S. Treasury Fund	1.22%	—	Mar 2009	PRGMX vs GUSTX
FEUGX	Federated Hermes Adjustable Rate Fund	1.32%	—	Dec 1985	PRGMX vs FEUGX

Lowest Drawdown Alternatives to PRGMX

PRGMX has a 1-year max drawdown of -3.00%. There are 41 mutual funds in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
GUSTX	GMO U.S. Treasury Fund	-0.20%	—	Mar 2009	PRGMX vs GUSTX
DFFGX	DFA Short-Term Government Portfolio	-0.30%	1.81B	May 1987	PRGMX vs DFFGX
FEUGX	Federated Hermes Adjustable Rate Fund	-0.32%	—	Dec 1985	PRGMX vs FEUGX
RFBAX	Davis Government Bond Fund	-0.77%	—	Nov 1994	PRGMX vs RFBAX
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	-0.81%	—	Aug 2010	PRGMX vs VSBIX

Other Mutual Funds from T. Rowe Price

The 10 most viewed T. Rowe Price mutual funds shown here include TRBCX, PRWCX, PRDGX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TRBCX	T. Rowe Price Blue Chip Growth Fund	Large Cap Growth Equities	11	0.42%	—	Jun 1993	PRGMX vs TRBCX
PRWCX	T. Rowe Price Capital Appreciation Fund	Diversified Portfolio	54	7.78%	—	Jun 1986	PRGMX vs PRWCX
PRDGX	T. Rowe Price Dividend Growth Fund, Inc.	Large Cap Blend Equities, Dividend	80	11.06%	—	Dec 1992	PRGMX vs PRDGX
PRCOX	T. Rowe Price U.S. Equity Research Fund	Large Cap Blend Equities	69	11.62%	—	Nov 1994	PRGMX vs PRCOX
TBCIX	T. Rowe Price Blue Chip Growth Fund I Class	Large Cap Growth Equities	12	0.50%	—	—	PRGMX vs TBCIX
PREIX	T. Rowe Price Equity Index 500 Fund	Large Cap Blend Equities	74	11.63%	—	Mar 1990	PRGMX vs PREIX
PRWAX	T. Rowe Price All-Cap Opportunities Fund	Large Cap Growth Equities	17	1.42%	—	Sep 1985	PRGMX vs PRWAX
TRLGX	T. Rowe Price Large-Cap Growth Fund	Large Cap Growth Equities	17	3.18%	—	Oct 2001	PRGMX vs TRLGX
PRSCX	T. Rowe Price Science And Technology Fund	Technology Equities	42	22.05%	—	Sep 1987	PRGMX vs PRSCX
TRRJX	T. Rowe Price Retirement 2035 Fund	Target Retirement Date	38	9.62%	—	Feb 2004	PRGMX vs TRRJX

Often Compared With PRGMX

Investors most often compare PRGMX with FVIIX, PEDIX, OGVCX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FVIIX	Fidelity Advisor Government Income Fund Class I	Government Bonds	8	-0.71%	—	Oct 2006	PRGMX vs FVIIX
PEDIX	PIMCO Extended Duration Fund	Government Bonds	1	-6.01%	—	Aug 2006	PRGMX vs PEDIX
OGVCX	JPMorgan Government Bond Fund Class C	Government Bonds	5	-1.50%	—	—	PRGMX vs OGVCX
PMTGX	PIA MBS Bond Fund	Government Bonds	12	-1.17%	—	Feb 2006	PRGMX vs PMTGX
VUSTX	Vanguard Long-Term Treasury Fund Investor Shares	Government Bonds	2	-3.39%	2.80B	May 1986	PRGMX vs VUSTX
WHOSX	Wasatch-Hoisington U.S. Treasury Fund	Government Bonds	4	-0.68%	—	Dec 1986	PRGMX vs WHOSX
FSTGX	Fidelity Intermediate Government Income Fund	Government Bonds	12	-0.31%	—	May 1988	PRGMX vs FSTGX
FIGTX	Federated Hermes Short-Intermediate Government Fun...	Government Bonds	14	-0.83%	—	Feb 1983	PRGMX vs FIGTX
FKUSX	Franklin U.S. Government Securities Fund	Government Bonds	12	-0.62%	—	May 1970	PRGMX vs FKUSX
VGIVX	Vanguard Emerging Markets Government Bond Index Fu...	Government Bonds	53	0.90%	6.80B	Feb 2015	PRGMX vs VGIVX
FTLTX	Fidelity Series Long-Term Treasury Bond Index Fund	Government Bonds	2	-3.32%	—	Jul 2016	PRGMX vs FTLTX
VLGIX	Vanguard Long-Term Treasury Index Fund Institution...	Government Bonds	2	-3.10%	—	Jul 2010	PRGMX vs VLGIX
EVGOX	Eaton Vance Government Opportunities Fund	Government Bonds	8	-0.86%	—	Aug 1984	PRGMX vs EVGOX
FGMNX	Fidelity GNMA Fund	Government Bonds	23	0.22%	—	Nov 1985	PRGMX vs FGMNX
VFFIX	Victory INCORE Fund for Income Class I	Government Bonds	61	0.75%	—	—	PRGMX vs VFFIX
VFIRX	Vanguard Short-Term Treasury Fund Admiral Shares	Government Bonds	32	0.35%	5.80B	Feb 2001	PRGMX vs VFIRX
VFIJX	Vanguard GNMA Fund Admiral Shares	Government Bonds	20	-0.04%	10.90B	Feb 2001	PRGMX vs VFIJX
VGAVX	Vanguard Emerging Markets Government Bond Index Fu...	Government Bonds	53	0.84%	6.80B	May 2013	PRGMX vs VGAVX
PDMIX	PIMCO GNMA and Government Securities Fund	Government Bonds	16	-0.13%	—	Jul 1997	PRGMX vs PDMIX
CMPGX	Principal Government & High Quality Bond Fund	Government Bonds	10	-0.93%	—	May 1984	PRGMX vs CMPGX

Compare PRGMX with Any Fund or Stock

Compare PRGMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair PRGMX with funds that move differently

T. Rowe Price GNMA Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRGMX.

Explore PRGMX Diversifiers

T. Rowe Price GNMA Fund (PRGMX) Alternatives