GHVIX vs. PRCPX
Compare and contrast key facts about GMO High Yield Fund (GHVIX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
GHVIX is managed by GMO. It was launched on Jun 25, 2018. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
GHVIX vs. PRCPX - Performance Comparison
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GHVIX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | -1.45% | 9.39% | 1.41% | 12.94% | -8.06% | 10.90% | 5.38% | 8.91% | 3.98% |
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.42% |
Returns By Period
In the year-to-date period, GHVIX achieves a -1.45% return, which is significantly lower than PRCPX's -0.13% return.
GHVIX
- 1D
- 0.18%
- 1M
- -1.96%
- YTD
- -1.45%
- 6M
- 0.06%
- 1Y
- 6.46%
- 3Y*
- 5.96%
- 5Y*
- 4.53%
- 10Y*
- —
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
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GHVIX vs. PRCPX - Expense Ratio Comparison
GHVIX has a 0.46% expense ratio, which is lower than PRCPX's 0.81% expense ratio.
Return for Risk
GHVIX vs. PRCPX — Risk / Return Rank
GHVIX
PRCPX
GHVIX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO High Yield Fund (GHVIX) and T. Rowe Price Credit Opportunities Fund (PRCPX). 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.
| GHVIX | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 3.47 | -1.92 |
Sortino ratioReturn per unit of downside risk | 2.20 | 5.52 | -3.32 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.93 | -0.57 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 4.53 | -2.56 |
Martin ratioReturn relative to average drawdown | 9.21 | 21.08 | -11.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GHVIX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 3.47 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.23 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.88 | -0.27 |
Correlation
The correlation between GHVIX and PRCPX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GHVIX vs. PRCPX - Dividend Comparison
GHVIX's dividend yield for the trailing twelve months is around 5.77%, less than PRCPX's 12.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHVIX GMO High Yield Fund | 5.77% | 5.68% | 7.96% | 4.37% | 8.11% | 19.00% | 2.10% | 7.76% | 3.83% | 0.00% | 0.00% | 0.00% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
GHVIX vs. PRCPX - Drawdown Comparison
The maximum GHVIX drawdown since its inception was -20.48%, smaller than the maximum PRCPX drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for GHVIX and PRCPX.
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Drawdown Indicators
| GHVIX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -23.07% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -3.03% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -13.54% | -14.34% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.07% | — |
Current DrawdownCurrent decline from peak | -2.24% | -1.74% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -3.16% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.65% | +0.03% |
Volatility
GHVIX vs. PRCPX - Volatility Comparison
GMO High Yield Fund (GHVIX) has a higher volatility of 1.49% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.10%. This indicates that GHVIX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHVIX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.10% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 2.52% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 4.11% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.59% | 4.79% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 5.45% | +3.48% |