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T. Rowe Price Dynamic Global Bond Fund (RPIEX) Sharpe Ratio: 1.14

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks high current income. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in bonds, and seeks to offer some protection against rising interest rates and provide a low correlation with the equity markets. It may invest in a variety of debt securities, including obligations issued by U.S. and foreign governments and their agencies, bonds issued by U.S. and foreign corporations, and mortgage- and asset-backed securities, as well as bank loans, which represent amounts borrowed by companies from banks and other lenders. The fund is non-diversified.

RPIEX's Sharpe Ratio of 1.14 indicates that for each unit of volatility, it generates 1.14 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

RPIEX Sharpe Ratio Rank

RPIEX Sharpe Ratio Rank: 16.116
Concerning

RPIEX ranks above 16.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

RPIEX Sharpe Ratio Market Positioning

The chart shows RPIEX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.44 or lower
  • Yellow zone (middle 50%): 1.44 to 2.54
  • Green zone (top 25%): 2.54 or higher
  • Top 1%: 4.68+
  • Median: 2.10 — half of all investments score higher

How it compares to other similar mutual funds

The table compares T. Rowe Price Dynamic Global Bond Fund's Sharpe Ratio with other mutual funds in the Nontraditional Bonds category across multiple time periods, showing how RPIEX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CBYYXVictory Pioneer Cat Bond Fund Class Y8.97
EIGMXEaton Vance Global Macro Absolute Return Fund6.67
EGRIXEaton Vance Global Macro Absolute Return Advantage Fund5.60
APFPXArtisan Global Unconstrained Fund4.91
DFLEXDoubleLine Flexible Income Fund4.36
SCFZXPGIM Securitized Credit Fund4.09
AFLIXAnfield Universal Fixed Income Fund3.85
MAHIXiMGP High Income Alternatives Fund3.79
BGCIXBlackRock Global Long/Short Credit Fund3.56
GMODXGMO Opportunistic Income Fund3.54
RPIEXT. Rowe Price Dynamic Global Bond Fund1.14

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows RPIEX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when RPIEX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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