ETIRX vs. PRCIX
ETIRX (Eventide Core Bond Fund) and PRCIX (T. Rowe Price New Income Fund) are both Intermediate Core Bond funds. Over the past 5 years, ETIRX returned -0.33%/yr vs 0.05%/yr for PRCIX. Their correlation of 0.92 suggests significant overlap in exposure. ETIRX charges 0.58%/yr vs 0.44%/yr for PRCIX.
Performance
ETIRX vs. PRCIX - Performance Comparison
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Returns By Period
In the year-to-date period, ETIRX achieves a 0.34% return, which is significantly higher than PRCIX's -0.25% return.
ETIRX
- 1D
- -0.24%
- 1M
- 0.85%
- YTD
- 0.34%
- 6M
- 0.55%
- 1Y
- 4.60%
- 3Y*
- 3.71%
- 5Y*
- -0.33%
- 10Y*
- —
PRCIX
- 1D
- -0.38%
- 1M
- 0.62%
- YTD
- -0.25%
- 6M
- 0.63%
- 1Y
- 5.54%
- 3Y*
- 4.60%
- 5Y*
- 0.05%
- 10Y*
- 1.53%
ETIRX vs. PRCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ETIRX Eventide Core Bond Fund | 0.34% | 7.49% | 0.40% | 5.03% | -13.24% | -2.49% | -0.29% |
PRCIX T. Rowe Price New Income Fund | -0.25% | 8.74% | 2.50% | 5.31% | -14.87% | -0.54% | 1.45% |
Correlation
The correlation between ETIRX and PRCIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.92 |
The correlation between ETIRX and PRCIX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
ETIRX vs. PRCIX — Risk / Return Rank
ETIRX
PRCIX
ETIRX vs. PRCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eventide Core Bond Fund (ETIRX) 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.
| ETIRX | PRCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.93 | -0.19 |
| Martin ratioReturn relative to average drawdown | 5.30 | 5.49 | -0.18 |
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Drawdowns
ETIRX vs. PRCIX - Drawdown Comparison
The maximum ETIRX drawdown since its inception was -19.29%, smaller than the maximum PRCIX drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for ETIRX and PRCIX.
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Drawdown Indicators
| ETIRX | PRCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.29% | -22.34% | +3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.02% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -6.53% | -6.00% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -19.65% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.65% | — |
Current DrawdownCurrent decline from peak | -4.07% | -1.79% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -4.40% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.06% | -0.12% |
Volatility
ETIRX vs. PRCIX - Volatility Comparison
The current volatility for Eventide Core Bond Fund (ETIRX) is 1.07%, while T. Rowe Price New Income Fund (PRCIX) has a volatility of 1.26%. This indicates that ETIRX experiences smaller price fluctuations and is considered to be less risky than PRCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETIRX | PRCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.26% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 3.02% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.97% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.52% | 5.97% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.22% | 4.96% | +0.26% |
ETIRX vs. PRCIX - Expense Ratio Comparison
ETIRX has a 0.58% expense ratio, which is higher than PRCIX's 0.44% expense ratio.
Dividends
ETIRX vs. PRCIX - Dividend Comparison
ETIRX's dividend yield for the trailing twelve months is around 4.14%, less than PRCIX's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETIRX Eventide Core Bond Fund | 4.14% | 4.16% | 2.78% | 2.79% | 2.32% | 1.39% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRCIX T. Rowe Price New Income Fund | 5.97% | 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
ETIRX and PRCIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRCIX has higher volatility (1.26%) compared to ETIRX (1.07%). In terms of maximum drawdown, ETIRX dropped -19.29% vs PRCIX's -22.34%.
PRCIX currently has the higher Sharpe Ratio (1.47 vs 1.34), 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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