BIIIX vs. PBDIX
Compare and contrast key facts about BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX).
BIIIX is managed by Blackrock. It was launched on Aug 23, 2016. PBDIX is managed by T. Rowe Price.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIIIX or PBDIX.
Key characteristics
| BIIIX | PBDIX | |
|---|---|---|
| YTD Return | -1.77% | -1.83% |
| 1Y Return | 0.09% | -0.49% |
| 3Y Return (Ann) | -3.54% | -3.41% |
| 5Y Return (Ann) | 0.07% | 0.62% |
| Sharpe Ratio | 0.01 | -0.10 |
| Daily Std Dev | 6.74% | 6.67% |
| Max Drawdown | -19.99% | -18.58% |
| Current Drawdown | -12.79% | -11.87% |
Correlation
The correlation between BIIIX and PBDIX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BIIIX vs. PBDIX - Performance Comparison
The year-to-date returns for both stocks are quite close, with BIIIX having a -1.77% return and PBDIX slightly lower at -1.83%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BIIIX vs. PBDIX - Expense Ratio Comparison
BIIIX has a 0.29% expense ratio, which is higher than PBDIX's 0.23% expense ratio.
Risk-Adjusted Performance
BIIIX vs. PBDIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX). 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.
Dividends
BIIIX vs. PBDIX - Dividend Comparison
BIIIX's dividend yield for the trailing twelve months is around 4.05%, more than PBDIX's 3.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIIIX BlackRock Sustainable Advantage CoreAlpha Bond Fund | 4.05% | 3.62% | 2.21% | 2.20% | 2.82% | 2.79% | 2.78% | 2.18% | 0.61% | 0.00% | 0.00% | 0.00% |
PBDIX T. Rowe Price QM U.S. Bond Index Fund | 3.78% | 3.49% | 2.74% | 1.85% | 6.13% | 3.05% | 2.94% | 2.75% | 2.81% | 2.99% | 3.04% | 3.69% |
Drawdowns
BIIIX vs. PBDIX - Drawdown Comparison
The maximum BIIIX drawdown since its inception was -19.99%, which is greater than PBDIX's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BIIIX and PBDIX. For additional features, visit the drawdowns tool.
Volatility
BIIIX vs. PBDIX - Volatility Comparison
The current volatility for BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) is 1.68%, while T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a volatility of 2.07%. This indicates that BIIIX experiences smaller price fluctuations and is considered to be less risky than PBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.