T. Rowe Price Dynamic Credit Fund (RPIDX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RPIDX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RPIDX
RPIDX charges 0.63% annually. There are 8 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | RPIDX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | RPIDX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | RPIDX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | RPIDX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | RPIDX vs PUTIX |
Best Risk-Adjusted Alternatives to RPIDX
RPIDX has a PortfoliosLab risk / return rank of 17. There are 64 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | RPIDX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | RPIDX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | RPIDX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | RPIDX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | RPIDX vs APFPX |
Top Performing RPIDX Alternatives (YTD)
RPIDX is at 0.03% YTD. There are 57 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 8.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.55% | — | Aug 2010 | RPIDX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.66% | — | Apr 2015 | RPIDX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | RPIDX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.11% | — | Mar 2022 | RPIDX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.56% | — | Jul 2021 | RPIDX vs CELFX |
Lowest Volatility Alternatives to RPIDX
RPIDX has 3.38% 1-year volatility. There are 54 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | RPIDX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.07% | — | Dec 2004 | RPIDX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | RPIDX vs CBYYX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | RPIDX vs BGCIX | |
| GMO Opportunistic Income Fund | 1.43% | — | Oct 2011 | RPIDX vs GMODX |
Lowest Drawdown Alternatives to RPIDX
RPIDX has a 1-year max drawdown of -2.20%. There are 40 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | RPIDX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | RPIDX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | RPIDX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.49% | — | Dec 2004 | RPIDX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | RPIDX vs GMODX |
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 | RPIDX vs TRBCX | |
| T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 40 | 6.66% | — | Jun 1986 | RPIDX vs PRWCX | |
| T. Rowe Price Dividend Growth Fund, Inc. | Large Cap Blend Equities, Dividend | 75 | 10.76% | — | Dec 1992 | RPIDX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | Large Cap Blend Equities | 51 | 9.93% | — | Nov 1994 | RPIDX vs PRCOX | |
| T. Rowe Price Blue Chip Growth Fund I Class | Large Cap Growth Equities | 7 | -1.76% | — | — | RPIDX vs TBCIX | |
| T. Rowe Price Equity Index 500 Fund | Large Cap Blend Equities | 57 | 10.00% | — | Mar 1990 | RPIDX vs PREIX | |
| T. Rowe Price All-Cap Opportunities Fund | Large Cap Growth Equities | 10 | -0.23% | — | Sep 1985 | RPIDX vs PRWAX | |
| T. Rowe Price Large-Cap Growth Fund | Large Cap Growth Equities | 10 | 0.84% | — | Oct 2001 | RPIDX vs TRLGX | |
| T. Rowe Price Science And Technology Fund | Technology Equities | 35 | 19.88% | — | Sep 1987 | RPIDX vs PRSCX | |
| T. Rowe Price Retirement 2035 Fund | Target Retirement Date | 32 | 8.73% | — | Feb 2004 | RPIDX vs TRRJX |
Often Compared With RPIDX
Investors most often compare RPIDX with TMSRX, PDI, JBBB. These 18 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare RPIDX with Any Fund or Stock
Compare RPIDX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RPIDX with funds that move differently
T. Rowe Price Dynamic Credit Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RPIDX.
Explore RPIDX Diversifiers