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T. Rowe Price Dynamic Credit Fund (RPIDX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US77956H1793

CUSIP

77956H179

Issuer

T. Rowe Price

Inception Date

Jan 10, 2019

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

RPIDX features an expense ratio of 0.63%, falling within the medium range.


Expense ratio chart for RPIDX: current value at 0.63% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.63%

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:
RPIDX vs. TMSRX RPIDX vs. QQQ RPIDX vs. SCHD RPIDX vs. FNDX
Popular comparisons:
RPIDX vs. TMSRX RPIDX vs. QQQ RPIDX vs. SCHD RPIDX vs. FNDX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Dynamic Credit Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
3.67%
8.53%
RPIDX (T. Rowe Price Dynamic Credit Fund)
Benchmark (^GSPC)

Returns By Period

T. Rowe Price Dynamic Credit Fund had a return of 6.06% year-to-date (YTD) and 6.96% in the last 12 months.


RPIDX

YTD

6.06%

1M

-0.45%

6M

3.68%

1Y

6.96%

5Y*

1.87%

10Y*

N/A

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of RPIDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.05%1.12%-0.04%1.27%0.00%0.78%0.62%1.19%0.97%0.63%-0.45%6.06%
20230.27%0.36%0.17%0.27%-0.45%-0.87%0.73%0.67%2.51%-0.24%-0.38%0.85%3.92%
2022-2.27%-0.11%-0.28%1.61%-1.79%-0.98%-0.60%1.69%-0.06%0.65%0.08%-2.69%-4.74%
20211.75%3.86%0.22%0.89%0.46%0.05%-0.65%1.17%0.07%-0.13%-1.69%-1.70%4.26%
20200.20%-1.15%-14.25%4.98%3.82%1.13%2.31%1.76%1.48%0.92%0.76%-0.86%-0.28%
20190.35%1.10%0.42%0.74%0.06%0.94%0.28%-0.08%0.70%-0.21%0.00%1.79%6.25%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 90, RPIDX is among the top 10% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of RPIDX is 9090
Overall Rank
The Sharpe Ratio Rank of RPIDX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of RPIDX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of RPIDX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of RPIDX is 7272
Calmar Ratio Rank
The Martin Ratio Rank of RPIDX is 9696
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 Dynamic Credit Fund (RPIDX) 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 RPIDX, currently valued at 2.26, compared to the broader market-1.000.001.002.003.004.002.262.10
The chart of Sortino ratio for RPIDX, currently valued at 3.94, compared to the broader market-2.000.002.004.006.008.0010.003.942.80
The chart of Omega ratio for RPIDX, currently valued at 1.48, compared to the broader market0.501.001.502.002.503.003.501.481.39
The chart of Calmar ratio for RPIDX, currently valued at 1.23, compared to the broader market0.002.004.006.008.0010.0012.0014.001.233.09
The chart of Martin ratio for RPIDX, currently valued at 18.78, compared to the broader market0.0020.0040.0060.0018.7813.49
RPIDX
^GSPC

The current T. Rowe Price Dynamic Credit Fund Sharpe ratio is 2.26. 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 Dynamic Credit 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 Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
2.26
2.10
RPIDX (T. Rowe Price Dynamic Credit Fund)
Benchmark (^GSPC)

Dividends

Dividend History

T. Rowe Price Dynamic Credit Fund provided a 6.14% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The fund has been increasing its distributions for 2 consecutive years.


3.50%4.00%4.50%5.00%5.50%6.00%$0.00$0.10$0.20$0.30$0.40$0.5020192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019
Dividend$0.54$0.52$0.35$0.34$0.40$0.41

Dividend yield

6.14%5.87%3.87%3.47%4.15%4.03%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.05$0.06$0.05$0.06$0.05$0.05$0.05$0.05$0.05$0.00$0.00$0.50
2023$0.03$0.03$0.06$0.04$0.04$0.05$0.03$0.04$0.05$0.05$0.05$0.04$0.52
2022$0.03$0.02$0.03$0.01$0.01$0.02$0.02$0.04$0.03$0.04$0.05$0.05$0.35
2021$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.04$0.34
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.05$0.00$0.05$0.05$0.40
2019$0.03$0.04$0.04$0.04$0.05$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.41

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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.89%
-2.62%
RPIDX (T. Rowe Price Dynamic Credit Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the T. Rowe Price Dynamic Credit 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 Dynamic Credit Fund was 19.95%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.

The current T. Rowe Price Dynamic Credit Fund drawdown is 0.89%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.95%Jan 17, 202045Mar 23, 2020176Dec 1, 2020221
-10.56%Nov 16, 2021270Dec 12, 2022444Sep 19, 2024714
-2.89%Dec 16, 20201Dec 16, 202032Feb 3, 202133
-2.47%Oct 22, 202113Nov 9, 20214Nov 15, 202117
-1.48%Sep 7, 202127Oct 13, 20216Oct 21, 202133

Volatility

Volatility Chart

The current T. Rowe Price Dynamic Credit Fund volatility is 0.42%, 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
0.42%
3.79%
RPIDX (T. Rowe Price Dynamic Credit Fund)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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