BFMCX vs. PRCIX
BFMCX (BlackRock Core Bond Portfolio) and PRCIX (T. Rowe Price New Income Fund) are both Intermediate Core Bond funds. Over the past 10 years, BFMCX returned 1.28%/yr vs 1.36%/yr for PRCIX. Their correlation of 0.89 means they have usually moved in the same direction. Both charge a 0.44% expense ratio.
Performance
BFMCX vs. PRCIX - Performance Comparison
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Returns By Period
In the year-to-date period, BFMCX achieves a -0.82% return, which is significantly lower than PRCIX's -0.68% return. Over the past 10 years, BFMCX has underperformed PRCIX with an annualized return of 1.28%, while PRCIX has yielded a comparatively higher 1.36% annualized return.
BFMCX
- 1D
- 0.00%
- 1M
- -1.33%
- 6M
- -1.13%
- YTD
- -0.82%
- 1Y
- 1.76%
- 3Y*
- 3.32%
- 5Y*
- -0.88%
- 10Y*
- 1.28%
- ALL TIME*
- 3.94%
PRCIX
- 1D
- 0.00%
- 1M
- -1.27%
- 6M
- -0.79%
- YTD
- -0.68%
- 1Y
- 3.10%
- 3Y*
- 4.52%
- 5Y*
- -0.33%
- 10Y*
- 1.36%
- ALL TIME*
- 3.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BFMCX vs. PRCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFMCX BlackRock Core Bond Portfolio | -0.82% | 7.43% | 0.66% | 5.32% | -14.35% | -1.52% | 8.32% | 9.85% | -0.28% | 3.16% |
PRCIX T. Rowe Price New Income Fund | -0.68% | 8.74% | 2.50% | 5.31% | -14.87% | -0.54% | 5.77% | 9.28% | -0.62% | 4.01% |
Correlation
The correlation between BFMCX and PRCIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1992 | 0.89 |
The correlation between BFMCX and PRCIX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
BFMCX vs. PRCIX — Risk / Return Rank
BFMCX
PRCIX
BFMCX vs. PRCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Core Bond Portfolio (BFMCX) and T. Rowe Price New Income Fund (PRCIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BFMCX | PRCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.41 | -0.50 |
| Martin ratioReturn relative to average drawdown | 2.19 | 3.84 | -1.65 |
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Drawdowns
BFMCX vs. PRCIX - Drawdown Comparison
The maximum BFMCX drawdown since its inception was -19.49%, smaller than the maximum PRCIX drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for BFMCX and PRCIX.
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Drawdown Indicators
| BFMCX | PRCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.49% | -22.34% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -2.96% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.59% | -5.00% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -19.65% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -19.49% | -19.65% | +0.16% |
Current DrawdownCurrent decline from peak | -4.72% | -2.22% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -4.39% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.08% | +0.27% |
Volatility
BFMCX vs. PRCIX - Volatility Comparison
BlackRock Core Bond Portfolio (BFMCX) and T. Rowe Price New Income Fund (PRCIX) have volatilities of 1.01% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFMCX | PRCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.05% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 3.23% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 4.05% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 5.98% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 4.96% | +0.10% |
BFMCX vs. PRCIX - Expense Ratio Comparison
Both BFMCX and PRCIX have an expense ratio of 0.44%.
Dividends
BFMCX vs. PRCIX - Dividend Comparison
BFMCX's dividend yield for the trailing twelve months is around 4.16%, less than PRCIX's 5.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFMCX BlackRock Core Bond Portfolio | 4.16% | 4.10% | 3.86% | 3.21% | 1.86% | 2.11% | 5.78% | 2.86% | 3.02% | 2.69% | 2.41% | 2.57% |
PRCIX T. Rowe Price New Income Fund | 5.60% | 5.94% | 5.65% | 4.37% | 1.80% | 2.65% | 3.33% | 2.88% | 3.03% | 2.66% | 2.56% | 2.55% |
Frequently Asked Questions
With a correlation of 0.91, BFMCX and PRCIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRCIX has higher volatility (1.05%) compared to BFMCX (1.01%). In terms of maximum drawdown, BFMCX dropped -19.49% vs PRCIX's -22.34%.
PRCIX currently has the higher Sharpe Ratio (1.03 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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