LCORX vs. PRHYX
LCORX (Leuthold Core Investment Fund) and PRHYX (T. Rowe Price High Yield Fund) are both mutual funds - LCORX is a Tactical Allocation fund managed by Leuthold, while PRHYX is a High Yield Bonds fund managed by T. Rowe Price. Over the past 10 years, LCORX returned 7.98%/yr vs 6.43%/yr for PRHYX. At a 0.33 correlation, their price movements are largely independent. LCORX charges 1.16%/yr vs 0.70%/yr for PRHYX.
Performance
LCORX vs. PRHYX - Performance Comparison
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Returns By Period
In the year-to-date period, LCORX achieves a 5.68% return, which is significantly higher than PRHYX's 1.39% return. Over the past 10 years, LCORX has outperformed PRHYX with an annualized return of 7.98%, while PRHYX has yielded a comparatively lower 6.43% annualized return.
LCORX
- 1D
- -0.38%
- 1M
- -0.25%
- YTD
- 5.68%
- 6M
- 4.94%
- 1Y
- 15.86%
- 3Y*
- 11.82%
- 5Y*
- 7.80%
- 10Y*
- 7.98%
PRHYX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.39%
- 6M
- 2.08%
- 1Y
- 6.57%
- 3Y*
- 11.74%
- 5Y*
- 6.21%
- 10Y*
- 6.43%
LCORX vs. PRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCORX Leuthold Core Investment Fund | 5.68% | 14.39% | 8.01% | 11.71% | -6.78% | 15.19% | 10.08% | 11.58% | -6.23% | 15.79% |
PRHYX T. Rowe Price High Yield Fund | 1.39% | 10.44% | 12.07% | 20.05% | -12.48% | 5.22% | 4.99% | 14.69% | -3.30% | 7.40% |
Correlation
The correlation between LCORX and PRHYX 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 | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 1995 | 0.33 |
The correlation between LCORX and PRHYX shifts across timeframes, from 0.33 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LCORX vs. PRHYX — Risk / Return Rank
LCORX
PRHYX
LCORX vs. PRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leuthold Core Investment Fund (LCORX) and T. Rowe Price High Yield Fund (PRHYX). 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.
| LCORX | PRHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.47 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.03 | -0.61 |
| Martin ratioReturn relative to average drawdown | 9.20 | 14.55 | -5.35 |
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Drawdowns
LCORX vs. PRHYX - Drawdown Comparison
The maximum LCORX drawdown since its inception was -41.31%, which is greater than PRHYX's maximum drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for LCORX and PRHYX.
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Drawdown Indicators
| LCORX | PRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.31% | -30.79% | -10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -2.17% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -9.98% | -3.33% | -6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | -16.43% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -19.38% | -22.10% | +2.72% |
Current DrawdownCurrent decline from peak | -1.98% | -0.50% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -3.63% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.45% | +1.27% |
Volatility
LCORX vs. PRHYX - Volatility Comparison
Leuthold Core Investment Fund (LCORX) has a higher volatility of 2.99% compared to T. Rowe Price High Yield Fund (PRHYX) at 0.95%. This indicates that LCORX's price experiences larger fluctuations and is considered to be riskier than PRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCORX | PRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 0.95% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 2.52% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 3.18% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.21% | 5.34% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 5.59% | +4.11% |
LCORX vs. PRHYX - Expense Ratio Comparison
LCORX has a 1.16% expense ratio, which is higher than PRHYX's 0.70% expense ratio.
Dividends
LCORX vs. PRHYX - Dividend Comparison
LCORX's dividend yield for the trailing twelve months is around 7.55%, more than PRHYX's 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCORX Leuthold Core Investment Fund | 7.55% | 7.93% | 7.03% | 5.57% | 7.20% | 5.00% | 0.24% | 1.89% | 10.74% | 3.22% | 0.45% | 3.94% |
PRHYX T. Rowe Price High Yield Fund | 6.74% | 8.33% | 11.50% | 11.49% | 4.68% | 5.09% | 5.19% | 5.48% | 6.25% | 5.49% | 6.02% | 6.45% |
Frequently Asked Questions
LCORX and PRHYX 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.
LCORX has higher volatility (2.99%) compared to PRHYX (0.95%). In terms of maximum drawdown, LCORX dropped -41.31% vs PRHYX's -30.79%.
PRHYX currently has the higher Sharpe Ratio (2.07 vs 1.81), 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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