DIBRX vs. TNBMX
DIBRX (BNY Mellon International Bond Fund) and TNBMX (T. Rowe Price International Bond Fund (USD Hedged)) are both Global Bonds funds. Over the past 5 years, DIBRX returned -2.59%/yr vs 1.32%/yr for TNBMX. Their 0.46 correlation means their historical movements had little consistent relationship. DIBRX charges 0.73%/yr vs 0.53%/yr for TNBMX.
Performance
DIBRX vs. TNBMX - Performance Comparison
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Returns By Period
In the year-to-date period, DIBRX achieves a -1.07% return, which is significantly lower than TNBMX's 1.25% return.
DIBRX
- 1D
- 0.35%
- 1M
- 0.43%
- 6M
- -1.68%
- YTD
- -1.07%
- 1Y
- -0.66%
- 3Y*
- 2.95%
- 5Y*
- -2.59%
- 10Y*
- -0.44%
- ALL TIME*
- 3.05%
TNBMX
- 1D
- 0.12%
- 1M
- -0.35%
- 6M
- 0.84%
- YTD
- 1.25%
- 1Y
- 3.45%
- 3Y*
- 5.74%
- 5Y*
- 1.32%
- 10Y*
- —
- ALL TIME*
- 2.87%
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 |
DIBRX vs. TNBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | -1.07% | 8.51% | -3.14% | 5.70% | -16.81% | -6.80% | 8.38% | 5.16% | -5.80% | -0.10% |
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | 1.25% | 5.25% | 5.00% | 10.32% | -12.30% | -1.63% | 5.73% | 10.77% | 1.72% | 1.35% |
Correlation
The correlation between DIBRX and TNBMX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.46 |
The correlation between DIBRX and TNBMX has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
DIBRX vs. TNBMX — Risk / Return Rank
DIBRX
TNBMX
DIBRX vs. TNBMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Bond Fund (DIBRX) and T. Rowe Price International Bond Fund (USD Hedged) (TNBMX). 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.
| DIBRX | TNBMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.31 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.60 | -1.67 |
| Martin ratioReturn relative to average drawdown | -0.14 | 5.53 | -5.68 |
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Drawdowns
DIBRX vs. TNBMX - Drawdown Comparison
The maximum DIBRX drawdown since its inception was -30.62%, which is greater than TNBMX's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for DIBRX and TNBMX.
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Drawdown Indicators
| DIBRX | TNBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.62% | -15.78% | -14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -2.32% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -2.32% | -6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.90% | -15.32% | -12.58% |
Max Drawdown (10Y)Largest decline over 10 years | -30.62% | — | — |
Current DrawdownCurrent decline from peak | -15.40% | -0.59% | -14.81% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -3.01% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 0.67% | +1.79% |
Volatility
DIBRX vs. TNBMX - Volatility Comparison
BNY Mellon International Bond Fund (DIBRX) has a higher volatility of 1.54% compared to T. Rowe Price International Bond Fund (USD Hedged) (TNBMX) at 0.62%. This indicates that DIBRX's price experiences larger fluctuations and is considered to be riskier than TNBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIBRX | TNBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.62% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.85% | 2.19% | +2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 2.59% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 3.65% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 3.31% | +3.77% |
DIBRX vs. TNBMX - Expense Ratio Comparison
DIBRX has a 0.73% expense ratio, which is higher than TNBMX's 0.53% expense ratio.
Dividends
DIBRX vs. TNBMX - Dividend Comparison
DIBRX's dividend yield for the trailing twelve months is around 3.81%, less than TNBMX's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIBRX BNY Mellon International Bond Fund | 3.81% | 2.48% | 2.34% | 0.00% | 0.58% | 1.90% | 2.16% | 0.00% | 3.64% | 3.81% | 0.61% | 5.14% |
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | 4.47% | 4.76% | 4.24% | 2.85% | 10.20% | 2.84% | 1.90% | 4.65% | 8.20% | 0.64% | 0.00% | 0.00% |
Frequently Asked Questions
DIBRX and TNBMX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIBRX has higher volatility (1.54%) compared to TNBMX (0.62%). In terms of maximum drawdown, DIBRX dropped -30.62% vs TNBMX's -15.78%.
TNBMX currently has the higher Sharpe Ratio (1.44 vs -0.06), 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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