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PACEX vs. PBDIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PACEX vs. PBDIX

Last updated May 12, 2025

Compare and contrast key facts about T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX).

PACEX is managed by T. Rowe Price. It was launched on May 23, 2012. PBDIX is managed by T. Rowe Price.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PACEX or PBDIX.

Correlation

The correlation between PACEX and PBDIX is -0.32. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

PACEX vs. PBDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

PACEX:

1.42%

PBDIX:

5.31%

Max Drawdown

PACEX:

-0.11%

PBDIX:

-0.52%

Current Drawdown

PACEX:

-0.11%

PBDIX:

-0.42%

Returns By Period

PACEX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

PBDIX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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PACEX vs. PBDIX - Expense Ratio Comparison

PACEX has a 1.16% expense ratio, which is higher than PBDIX's 0.23% expense ratio.

PACEX
T. Rowe Price Emerging Markets Corporate Bond Fund
PBDIX
T. Rowe Price QM U.S. Bond Index Fund

Risk-Adjusted Performance

PACEX vs. PBDIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PACEX
The Risk-Adjusted Performance Rank of PACEX is 8888
Overall Rank
The Sharpe Ratio Rank of PACEX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of PACEX is 9191
Sortino Ratio Rank
The Omega Ratio Rank of PACEX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of PACEX is 7979
Calmar Ratio Rank
The Martin Ratio Rank of PACEX is 8888
Martin Ratio Rank
PBDIX
The Risk-Adjusted Performance Rank of PBDIX is 7070
Overall Rank
The Sharpe Ratio Rank of PBDIX is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of PBDIX is 7878
Sortino Ratio Rank
The Omega Ratio Rank of PBDIX is 7373
Omega Ratio Rank
The Calmar Ratio Rank of PBDIX is 5454
Calmar Ratio Rank
The Martin Ratio Rank of PBDIX is 6565
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PACEX vs. PBDIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX). 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.

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Dividends

PACEX vs. PBDIX - Dividend Comparison

PACEX's dividend yield for the trailing twelve months is around 4.93%, more than PBDIX's 3.85% yield.

TTM20242023202220212020201920182017201620152014
PACEX
T. Rowe Price Emerging Markets Corporate Bond Fund		4.93%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PBDIX
T. Rowe Price QM U.S. Bond Index Fund		3.85%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PACEX vs. PBDIX - Drawdown Comparison

The maximum PACEX drawdown since its inception was -0.11%, smaller than the maximum PBDIX drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for PACEX and PBDIX. For additional features, visit the drawdowns tool.

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Volatility

PACEX vs. PBDIX - Volatility Comparison

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