GGBFX vs. PRSNX
GGBFX (GuideStone Funds Global Bond Fund) and PRSNX (T. Rowe Price Global Multi-Sector Bond Fund) are both Global Bonds funds. Over the past 10 years, GGBFX returned 1.65%/yr vs 3.88%/yr for PRSNX. A 0.69 correlation means they provide meaningful diversification when combined. GGBFX charges 0.86%/yr vs 0.65%/yr for PRSNX.
Performance
GGBFX vs. PRSNX - Performance Comparison
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Returns By Period
In the year-to-date period, GGBFX achieves a -0.16% return, which is significantly lower than PRSNX's 1.82% return. Over the past 10 years, GGBFX has underperformed PRSNX with an annualized return of 1.65%, while PRSNX has yielded a comparatively higher 3.88% annualized return.
GGBFX
- 1D
- -0.12%
- 1M
- 0.38%
- YTD
- -0.16%
- 6M
- -0.16%
- 1Y
- 2.26%
- 3Y*
- 3.82%
- 5Y*
- -0.66%
- 10Y*
- 1.65%
PRSNX
- 1D
- 0.10%
- 1M
- 0.79%
- YTD
- 1.82%
- 6M
- 3.14%
- 1Y
- 7.63%
- 3Y*
- 8.07%
- 5Y*
- 2.14%
- 10Y*
- 3.88%
GGBFX vs. PRSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGBFX GuideStone Funds Global Bond Fund | -0.16% | 7.55% | 0.40% | 5.77% | -13.90% | -2.57% | 5.03% | 11.04% | -4.74% | 7.69% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 1.82% | 9.31% | 5.60% | 12.77% | -16.27% | 0.40% | 8.16% | 11.94% | 0.45% | 6.47% |
Correlation
The correlation between GGBFX and PRSNX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2008 | 0.69 |
Over the past year, the correlation between GGBFX and PRSNX has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
GGBFX vs. PRSNX — Risk / Return Rank
GGBFX
PRSNX
GGBFX vs. PRSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GuideStone Funds Global Bond Fund (GGBFX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX). 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.
| GGBFX | PRSNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.66 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 3.55 | -2.83 |
| Martin ratioReturn relative to average drawdown | 2.15 | 15.87 | -13.72 |
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Drawdowns
GGBFX vs. PRSNX - Drawdown Comparison
The maximum GGBFX drawdown since its inception was -27.03%, which is greater than PRSNX's maximum drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for GGBFX and PRSNX.
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Drawdown Indicators
| GGBFX | PRSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.03% | -19.70% | -7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -2.18% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -6.01% | -2.87% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -19.70% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -20.97% | -19.70% | -1.27% |
Current DrawdownCurrent decline from peak | -4.36% | -0.10% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -2.35% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.48% | +0.79% |
Volatility
GGBFX vs. PRSNX - Volatility Comparison
GuideStone Funds Global Bond Fund (GGBFX) has a higher volatility of 1.28% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 0.72%. This indicates that GGBFX's price experiences larger fluctuations and is considered to be riskier than PRSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGBFX | PRSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.72% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 2.30% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 2.86% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.98% | 4.30% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 4.13% | +0.38% |
GGBFX vs. PRSNX - Expense Ratio Comparison
GGBFX has a 0.86% expense ratio, which is higher than PRSNX's 0.65% expense ratio.
Dividends
GGBFX vs. PRSNX - Dividend Comparison
GGBFX's dividend yield for the trailing twelve months is around 3.06%, less than PRSNX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGBFX GuideStone Funds Global Bond Fund | 3.06% | 3.05% | 2.88% | 1.10% | 0.95% | 3.55% | 1.44% | 3.29% | 3.13% | 3.45% | 3.96% | 4.01% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 6.63% | 7.87% | 6.36% | 5.08% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
Frequently Asked Questions
GGBFX and PRSNX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGBFX has higher volatility (1.28%) compared to PRSNX (0.72%). In terms of maximum drawdown, GGBFX dropped -27.03% vs PRSNX's -19.70%.
PRSNX currently has the higher Sharpe Ratio (2.71 vs 0.67), 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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