- ISIN
- US90470L6341
- Issuer
- T. Rowe Price
- Inception Date
- Dec 13, 2019
- Category
- Intermediate Core Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
QDVBX Performance Chart
Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans (QDVBX) is up 0.1% since the beginning of the year. QDVBX is currently trading at $9 per share. Investors who bought $1,000 worth of QDVBX shares 5 years ago would now be looking at an investment worth $996.
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Returns By Period
Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans (QDVBX) has returned 0.11% so far this year and 4.21% over the past 12 months.
Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans
- 1D
- 0.11%
- 1M
- 0.80%
- YTD
- 0.11%
- 6M
- 0.23%
- 1Y
- 4.21%
- 3Y*
- 4.36%
- 5Y*
- -0.09%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QDVBX Monthly Returns History
Based on dividend-adjusted daily data since Dec 13, 2019, QDVBX's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Sep 2022 at -5.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, QDVBX closed higher 44% of trading days. The best single day was Dec 20, 2024 with a return of +3.2%, while the worst single day was Dec 23, 2024 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.00% | 1.81% | -1.78% | 0.00% | 0.00% | 0.11% | 0.11% | ||||||
| 2025 | 0.59% | 2.10% | 0.23% | 0.68% | -0.68% | 1.48% | -0.34% | 1.35% | 0.78% | 0.66% | 0.77% | -0.22% | 7.64% |
| 2024 | 0.00% | -1.38% | 1.05% | -2.31% | 1.54% | 1.17% | 2.19% | 1.81% | 1.00% | -2.63% | 1.13% | -1.78% | 1.62% |
| 2023 | 3.20% | -2.87% | 2.72% | 0.57% | -1.03% | -0.12% | 0.23% | -0.35% | -2.20% | -1.30% | 4.20% | 3.43% | 6.37% |
| 2022 | -2.18% | -1.01% | -2.96% | -4.53% | 0.77% | -1.42% | 3.00% | -3.88% | -5.16% | -1.06% | 4.06% | -0.54% | -14.31% |
| 2021 | -0.39% | -0.97% | -0.88% | 0.99% | 0.39% | 0.98% | 1.06% | -0.29% | -0.96% | -0.19% | 0.19% | -0.27% | -0.37% |
Benchmark Metrics
Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans has an annualized alpha of 0.11%, beta of 0.06, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since December 13, 2019.
- This fund participated in 32.24% of S&P 500 Index downside but only 15.09% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.04 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 0.04 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.
- Alpha
- 0.11%
- Beta
- 0.06
- R²
- 0.04
- Upside Capture
- 15.09%
- Downside Capture
- 32.24%
Expense Ratio
QDVBX has an expense ratio of 0.04%, which is considered low.
Return for Risk
Risk / Return Rank
QDVBX ranks 19 for risk / return — in the bottom 19% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans (QDVBX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QDVBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.78 | -1.34 |
| Martin ratioReturn relative to average drawdown | 4.15 | 12.44 | -8.29 |
Dividends
Dividend History
Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans provided a 3.50% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.30 | $0.32 | $0.22 | $0.17 | $0.34 |
Dividend yield | 3.50% | 3.51% | 3.52% | 3.66% | 2.56% | 1.70% | 3.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans. 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 Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans was 19.86%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Fisher Investments Institutional Group ESG Fixed Income Fund for Retirement Plans drawdown is 1.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -19.86%Oct 2022 | 1y 2mo | — | 4y 10moAug 2021 - now |
COVID crash2020 | -9.31%Mar 2020 | 11d | 2mo 10d | 2mo 21dMar 2020 - May 2020 |
2021 pullback2021 | -2.33%Mar 2021 | 2mo 24d | 3mo 3d | 5mo 27dJan 2021 - Jun 2021 |
2021 pullback2021 | -0.77%Jul 2021 | 4d | 6d | 10dJul 2021 - Jul 2021 |
2020 pullback2020 | -0.76%Sep 2020 | 1mo 14d | 1mo 12d | 2mo 26dAug 2020 - Nov 2020 |
Drawdown Indicators
| QDVBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.86% | -56.78% | +36.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -9.10% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.37% | -18.90% | +13.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.86% | -25.43% | +5.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.98% | -1.80% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -6.64% | -10.71% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.03% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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