T. Rowe Price Dynamic Global Bond Fund (RPIEX)

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T. Rowe Price Dynamic Global Bond Fund (RPIEX) is up 3.3% since the beginning of the year. RPIEX is currently trading at $8 per share. Investors who bought $1,000 worth of RPIEX shares 5 years ago would now be looking at an investment worth $1,121.

T. Rowe Price Dynamic Global Bond Fund (RPIEX) has returned 3.29% so far this year and 5.90% over the past 12 months. Over the last ten years, RPIEX has returned 2.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, RPIEX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 59% of months were positive and 41% were negative. The best month was Mar 2020 with a return of +3.1%, while the worst month was Jul 2022 at -3.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, RPIEX closed higher 39% of trading days. The best single day was Mar 26, 2020 with a return of +1.8%, while the worst single day was Mar 17, 2020 at -1.7%.

T. Rowe Price Dynamic Global Bond Fund has an annualized alpha of 3.18%, beta of -0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.

• This fund captured 1.18% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -16.98%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.05 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.

RPIEX has an expense ratio of 0.71%, placing it in the medium range.

RPIEX ranks 30 for risk / return — below 30% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

T. Rowe Price Dynamic Global Bond Fund provided a 7.51% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 2 consecutive years.

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

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.

The table below displays the maximum drawdowns of the T. Rowe Price Dynamic Global Bond 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 Global Bond Fund was 9.59%, occurring on Dec 12, 2023. Recovery took 355 trading sessions.

The current T. Rowe Price Dynamic Global Bond Fund drawdown is 0.13%.

The chart below shows the rolling one-month volatility.