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NTBIX vs. RPIDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NTBIX vs. RPIDX

Last updated Jun 23, 2026

NTBIX (Navigator Tactical Fixed Income Fund) and RPIDX (T. Rowe Price Dynamic Credit Fund) are both Nontraditional Bonds funds. Over the past 5 years, NTBIX returned 2.98%/yr vs 4.58%/yr for RPIDX. At a 0.02 correlation, their price movements are largely independent. NTBIX charges 0.95%/yr vs 0.63%/yr for RPIDX.

Performance

NTBIX vs. RPIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Navigator Tactical Fixed Income Fund (NTBIX) and T. Rowe Price Dynamic Credit Fund (RPIDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NTBIX achieves a 1.58% return, which is significantly higher than RPIDX's 0.16% return.

NTBIX

1D
0.21%
1M
0.41%
YTD
1.58%
6M
1.69%
1Y
6.32%
3Y*
5.62%
5Y*
2.98%
10Y*
4.36%

RPIDX

1D
-0.12%
1M
0.30%
YTD
0.16%
6M
1.55%
1Y
6.65%
3Y*
8.03%
5Y*
4.58%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NTBIX vs. RPIDX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
NTBIX
Navigator Tactical Fixed Income Fund		1.58%2.98%7.67%10.57%-8.71%4.28%8.96%7.71%
RPIDX
T. Rowe Price Dynamic Credit Fund		0.16%9.74%9.92%4.72%-0.76%6.21%2.71%6.87%

Correlation

The correlation between NTBIX and RPIDX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2019

0.02

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Navigator Tactical Fixed Income Fund

T. Rowe Price Dynamic Credit Fund

Often compared with NTBIX:
NTBIX vs. KAMIXNTBIX vs. LALDXNTBIX vs. SGOVNTBIX vs. JPSTNTBIX vs. STIPNTBIX vs. NTIIXNTBIX vs. NUSIX
Often compared with RPIDX:
RPIDX vs. TMSRXRPIDX vs. APFPXRPIDX vs. PDIRPIDX vs. JBBBRPIDX vs. QQQRPIDX vs. SCHDRPIDX vs. FNDX

Return for Risk

NTBIX vs. RPIDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NTBIX
NTBIX Risk / Return Rank: 7979
Overall Rank
NTBIX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
NTBIX Sortino Ratio Rank: 8181
Sortino Ratio Rank
NTBIX Omega Ratio Rank: 8282
Omega Ratio Rank
NTBIX Calmar Ratio Rank: 7272
Calmar Ratio Rank
NTBIX Martin Ratio Rank: 8585
Martin Ratio Rank
RPIDX
RPIDX Risk / Return Rank: 7878
Overall Rank
RPIDX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
RPIDX Sortino Ratio Rank: 8888
Sortino Ratio Rank
RPIDX Omega Ratio Rank: 8181
Omega Ratio Rank
RPIDX Calmar Ratio Rank: 9494
Calmar Ratio Rank
RPIDX Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NTBIX vs. RPIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Navigator Tactical Fixed Income Fund (NTBIX) and T. Rowe Price Dynamic Credit Fund (RPIDX). 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.

NTBIXRPIDXDifference
Sharpe ratioReturn per unit of total volatility
2.27
2.04

+0.23

Sortino ratioReturn per unit of downside risk
3.53
3.95

-0.42

Omega ratioGain probability vs. loss probability

1.50

1.48

+0.01

Calmar ratioReturn relative to maximum drawdown

3.14

5.07

-1.93

Martin ratioReturn relative to average drawdown

14.86

12.83

+2.03

NTBIX vs. RPIDX - Sharpe Ratio Comparison

The current NTBIX Sharpe Ratio is 2.27, which is comparable to the RPIDX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of NTBIX and RPIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NTBIX vs. RPIDX - Drawdown Comparison

The maximum NTBIX drawdown since its inception was -11.44%, smaller than the maximum RPIDX drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for NTBIX and RPIDX.

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Drawdown Indicators

NTBIXRPIDXDifference

Max Drawdown

Largest peak-to-trough decline

-11.44%

-19.95%

+8.51%

Max Drawdown (1Y)

Largest decline over 1 year

-2.06%

-1.34%

-0.72%

Max Drawdown (3Y)

Largest decline over 3 years

-5.39%

-3.17%

-2.22%

Max Drawdown (5Y)

Largest decline over 5 years

-11.44%

-7.31%

-4.13%

Max Drawdown (10Y)

Largest decline over 10 years

-11.44%

—

—

Current Drawdown

Current decline from peak

-0.20%

-0.86%

+0.66%

Average Drawdown

Average peak-to-trough decline

-1.76%

-1.86%

+0.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.43%

0.53%

-0.10%

Volatility

NTBIX vs. RPIDX - Volatility Comparison

Navigator Tactical Fixed Income Fund (NTBIX) has a higher volatility of 1.00% compared to T. Rowe Price Dynamic Credit Fund (RPIDX) at 0.68%. This indicates that NTBIX's price experiences larger fluctuations and is considered to be riskier than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NTBIXRPIDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.00%

0.68%

+0.32%

Volatility (6M)

Calculated over the trailing 6-month period

2.31%

2.56%

-0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

2.85%

3.34%

-0.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.76%

3.82%

+0.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.06%

4.78%

+0.28%

NTBIX vs. RPIDX - Expense Ratio Comparison

NTBIX has a 0.95% expense ratio, which is higher than RPIDX's 0.63% expense ratio.

Dividends

NTBIX vs. RPIDX - Dividend Comparison

NTBIX's dividend yield for the trailing twelve months is around 4.54%, less than RPIDX's 9.93% yield.

PositionTTM20252024202320222021202020192018201720162015
NTBIX
Navigator Tactical Fixed Income Fund		4.54%5.02%6.33%5.49%2.37%6.72%5.68%2.36%3.01%4.35%6.20%2.61%
RPIDX
T. Rowe Price Dynamic Credit Fund		9.93%9.91%9.20%6.64%7.97%5.34%7.14%4.41%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NTBIX and RPIDX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NTBIX has higher volatility (1.00%) compared to RPIDX (0.68%). In terms of maximum drawdown, NTBIX dropped -11.44% vs RPIDX's -19.95%.

NTBIX currently has the higher Sharpe Ratio (2.27 vs 2.04), 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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