NOCBX vs. PRSNX
Compare and contrast key facts about Northern Core Bond Fund (NOCBX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX).
NOCBX is managed by Northern Funds. It was launched on Mar 29, 2001. PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOCBX or PRSNX.
Key characteristics
| NOCBX | PRSNX | |
|---|---|---|
| YTD Return | 1.56% | 4.01% |
| 1Y Return | 6.95% | 9.15% |
| 3Y Return (Ann) | -2.39% | -1.15% |
| 5Y Return (Ann) | -0.59% | 0.92% |
| 10Y Return (Ann) | 1.01% | 2.21% |
| Sharpe Ratio | 1.37 | 2.70 |
| Sortino Ratio | 1.98 | 4.57 |
| Omega Ratio | 1.24 | 1.58 |
| Calmar Ratio | 0.51 | 0.83 |
| Martin Ratio | 4.97 | 16.94 |
| Ulcer Index | 1.65% | 0.61% |
| Daily Std Dev | 5.99% | 3.86% |
| Max Drawdown | -20.21% | -19.82% |
| Current Drawdown | -9.86% | -4.33% |
Correlation
The correlation between NOCBX and PRSNX is 0.58, 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.
Performance
NOCBX vs. PRSNX - Performance Comparison
In the year-to-date period, NOCBX achieves a 1.56% return, which is significantly lower than PRSNX's 4.01% return. Over the past 10 years, NOCBX has underperformed PRSNX with an annualized return of 1.01%, while PRSNX has yielded a comparatively higher 2.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NOCBX vs. PRSNX - Expense Ratio Comparison
NOCBX has a 0.42% expense ratio, which is lower than PRSNX's 0.65% expense ratio.
Risk-Adjusted Performance
NOCBX vs. PRSNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Core Bond Fund (NOCBX) 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.
Dividends
NOCBX vs. PRSNX - Dividend Comparison
NOCBX's dividend yield for the trailing twelve months is around 4.09%, less than PRSNX's 5.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOCBX Northern Core Bond Fund | 4.09% | 3.64% | 2.87% | 1.72% | 1.97% | 2.67% | 3.06% | 2.90% | 2.19% | 2.40% | 2.17% | 2.63% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 5.05% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% | 3.64% |
Drawdowns
NOCBX vs. PRSNX - Drawdown Comparison
The maximum NOCBX drawdown since its inception was -20.21%, roughly equal to the maximum PRSNX drawdown of -19.82%. Use the drawdown chart below to compare losses from any high point for NOCBX and PRSNX. For additional features, visit the drawdowns tool.
Volatility
NOCBX vs. PRSNX - Volatility Comparison
Northern Core Bond Fund (NOCBX) has a higher volatility of 1.72% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 0.96%. This indicates that NOCBX'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.