T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) belongs to the Global Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PRSNX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PRSNX
PRSNX charges 0.65% annually. There are 29 mutual funds in the Global Bonds category with lower expense ratios, going as low as 0.06%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity International Bond Index Fund | 0.06% | — | Oct 2019 | PRSNX vs FBIIX | |
| Vanguard Total International Bond II Index Fund | 0.07% | — | Feb 2021 | PRSNX vs VTILX | |
| Vanguard Total International Bond Index Fund Admir... | 0.10% | 123.30B | May 2013 | PRSNX vs VTABX | |
| Vanguard Total International Bond II Index Fund In... | 0.11% | — | Feb 2021 | PRSNX vs VTIIX | |
| Vanguard Total International Bond Index Fund | 0.13% | — | May 2013 | PRSNX vs VTIBX |
Best Risk-Adjusted Alternatives to PRSNX
PRSNX has a PortfoliosLab risk / return rank of 72. There are 6 mutual funds in the Global Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 100 | — | Feb 1996 | PRSNX vs DFGFX | |
| Destinations Global Fixed Income Opportunities Fun... | 98 | — | Mar 2017 | PRSNX vs DGFFX | |
| Eaton Vance Global Bond Fund | 96 | — | Jun 2007 | PRSNX vs EAIIX | |
| Payden Global Low Duration Fund | 88 | — | Sep 1996 | PRSNX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 84 | — | Jan 2008 | PRSNX vs DFSHX |
Top Performing PRSNX Alternatives (YTD)
PRSNX is at 2.16% YTD. There are 5 mutual funds in the Global Bonds category with higher YTD returns, going as high as 4.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Bond Fund | 4.35% | — | Jun 2007 | PRSNX vs EAIIX | |
| Templeton Global Bond Fund | 3.06% | — | Sep 1986 | PRSNX vs TPINX | |
| Templeton Global Bond Fund - Class R | 2.94% | — | Feb 2009 | PRSNX vs FGBRX | |
| Destinations Global Fixed Income Opportunities Fun... | 2.80% | — | Mar 2017 | PRSNX vs DGFFX | |
| BrandywineGLOBAL - Global Opportunities Bond Fund | 2.56% | — | Oct 2006 | PRSNX vs GOBSX |
Lowest Volatility Alternatives to PRSNX
PRSNX has 2.71% 1-year volatility. There are 11 mutual funds in the Global Bonds category with lower 1-year volatility, going as low as 0.73%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | 0.73% | — | Feb 1996 | PRSNX vs DFGFX | |
| Payden Global Low Duration Fund | 1.53% | — | Sep 1996 | PRSNX vs PYGSX | |
| DFA Five Year Global Fixed Income Portfolio | 1.55% | — | Nov 1990 | PRSNX vs DFGBX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | 1.65% | — | Jan 2008 | PRSNX vs DFSHX | |
| SA Global Fixed Income Fund | 1.97% | — | Jul 1999 | PRSNX vs SAXIX |
Lowest Drawdown Alternatives to PRSNX
PRSNX has a 1-year max drawdown of -2.18%. There are 8 mutual funds in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Two Year Global Fixed Income Portfolio | -0.20% | — | Feb 1996 | PRSNX vs DFGFX | |
| Destinations Global Fixed Income Opportunities Fun... | -1.19% | — | Mar 2017 | PRSNX vs DGFFX | |
| Payden Global Low Duration Fund | -1.23% | — | Sep 1996 | PRSNX vs PYGSX | |
| DFA Selectively Hedged Global Fixed Income Portfol... | -1.28% | — | Jan 2008 | PRSNX vs DFSHX | |
| DFA Five Year Global Fixed Income Portfolio | -1.38% | — | Nov 1990 | PRSNX vs DFGBX |
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 | |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Blue Chip Growth Fund | Large Cap Growth Equities | 7 | -1.84% | — | Jun 1993 | PRSNX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 40 | 6.66% | — | Jun 1986 | PRSNX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 75 | 10.76% | — | Dec 1992 | PRSNX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 51 | 9.93% | — | Nov 1994 | PRSNX vs PRCOX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 7 | -1.76% | — | — | PRSNX vs TBCIX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 57 | 10.00% | — | Mar 1990 | PRSNX vs PREIX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 10 | -0.23% | — | Sep 1985 | PRSNX vs PRWAX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 10 | 0.84% | — | Oct 2001 | PRSNX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 35 | 19.88% | — | Sep 1987 | PRSNX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 32 | 8.73% | — | Feb 2004 | PRSNX vs TRRJX |
Often Compared With PRSNX
Investors most often compare PRSNX with PSILX, PIEQX, TRVLX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare PRSNX with Any Fund or Stock
Compare PRSNX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PRSNX with funds that move differently
T. Rowe Price Global Multi-Sector Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PRSNX.
Explore PRSNX Diversifiers