PACEX vs. PBDIX
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.
Key characteristics
| PACEX | PBDIX | |
|---|---|---|
| YTD Return | 7.60% | 2.35% |
| 1Y Return | 13.52% | 9.07% |
| 3Y Return (Ann) | 0.35% | -2.58% |
| 5Y Return (Ann) | 1.33% | 0.27% |
| 10Y Return (Ann) | 3.15% | 1.63% |
| Sharpe Ratio | 4.54 | 1.35 |
| Sortino Ratio | 8.80 | 2.00 |
| Omega Ratio | 2.23 | 1.24 |
| Calmar Ratio | 0.95 | 0.49 |
| Martin Ratio | 27.41 | 4.93 |
| Ulcer Index | 0.49% | 1.65% |
| Daily Std Dev | 2.98% | 6.04% |
| Max Drawdown | -22.56% | -19.26% |
| Current Drawdown | -2.48% | -8.88% |
Correlation
The correlation between PACEX and PBDIX is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PACEX vs. PBDIX - Performance Comparison
In the year-to-date period, PACEX achieves a 7.60% return, which is significantly higher than PBDIX's 2.35% return. Over the past 10 years, PACEX has outperformed PBDIX with an annualized return of 3.15%, while PBDIX has yielded a comparatively lower 1.63% 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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PACEX vs. PBDIX - Expense Ratio Comparison
PACEX has a 1.16% expense ratio, which is higher than PBDIX's 0.23% expense ratio.
Risk-Adjusted Performance
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.
Dividends
PACEX vs. PBDIX - Dividend Comparison
PACEX's dividend yield for the trailing twelve months is around 4.96%, more than PBDIX's 3.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PACEX T. Rowe Price Emerging Markets Corporate Bond Fund | 4.96% | 4.55% | 4.12% | 3.36% | 3.85% | 4.26% | 4.46% | 3.94% | 4.28% | 4.92% | 4.85% | 4.23% |
PBDIX T. Rowe Price QM U.S. Bond Index Fund | 3.97% | 3.49% | 2.74% | 1.85% | 4.85% | 2.92% | 2.94% | 2.75% | 2.78% | 2.90% | 2.86% | 3.05% |
Drawdowns
PACEX vs. PBDIX - Drawdown Comparison
The maximum PACEX drawdown since its inception was -22.56%, which is greater than PBDIX's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for PACEX and PBDIX. For additional features, visit the drawdowns tool.
Volatility
PACEX vs. PBDIX - Volatility Comparison
The current volatility for T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX) is 0.98%, while T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a volatility of 1.59%. This indicates that PACEX experiences smaller price fluctuations and is considered to be less risky than PBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.