PAXBX vs. PRCIX
PAXBX (PAX CORE BOND FUND) and PRCIX (T. Rowe Price New Income Fund) are both Intermediate Core Bond funds. Over the past 5 years, PAXBX returned -0.98%/yr vs -0.33%/yr for PRCIX. Their correlation of 0.92 means they have usually moved in the same direction. PAXBX charges 0.71%/yr vs 0.44%/yr for PRCIX.
Performance
PAXBX vs. PRCIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PAXBX achieves a -0.82% return, which is significantly lower than PRCIX's -0.68% return.
PAXBX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.01%
- YTD
- -0.82%
- 1Y
- 1.51%
- 3Y*
- 3.11%
- 5Y*
- -0.98%
- 10Y*
- —
- ALL TIME*
- 1.26%
PRCIX
- 1D
- 0.00%
- 1M
- -1.27%
- 6M
- -0.79%
- YTD
- -0.68%
- 1Y
- 3.10%
- 3Y*
- 4.52%
- 5Y*
- -0.33%
- 10Y*
- 1.36%
- ALL TIME*
- 3.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PAXBX PAX CORE BOND FUND | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
PAXBX vs. PRCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAXBX PAX CORE BOND FUND | -0.82% | 6.45% | 1.04% | 4.60% | -13.60% | -1.85% | 6.92% | 8.01% | -0.24% | 2.57% |
PRCIX T. Rowe Price New Income Fund | -0.68% | 8.74% | 2.50% | 5.31% | -14.87% | -0.54% | 5.77% | 9.28% | -0.62% | 4.01% |
Correlation
The correlation between PAXBX and PRCIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2016 | 0.92 |
The correlation between PAXBX and PRCIX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PAXBX vs. PRCIX — Risk / Return Rank
PAXBX
PRCIX
PAXBX vs. PRCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PAX CORE BOND FUND (PAXBX) and T. Rowe Price New Income Fund (PRCIX). 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.
| PAXBX | PRCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.41 | -0.51 |
| Martin ratioReturn relative to average drawdown | 2.25 | 3.84 | -1.60 |
Loading charts...
Drawdowns
PAXBX vs. PRCIX - Drawdown Comparison
The maximum PAXBX drawdown since its inception was -18.88%, smaller than the maximum PRCIX drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for PAXBX and PRCIX.
Loading charts...
Drawdown Indicators
| PAXBX | PRCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -22.34% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.96% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | -5.00% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -19.65% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.65% | — |
Current DrawdownCurrent decline from peak | -5.74% | -2.22% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -4.39% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.08% | +0.09% |
Volatility
PAXBX vs. PRCIX - Volatility Comparison
PAX CORE BOND FUND (PAXBX) and T. Rowe Price New Income Fund (PRCIX) have volatilities of 1.02% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PAXBX | PRCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.05% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 3.23% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 4.05% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 5.98% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.80% | 4.96% | -0.16% |
PAXBX vs. PRCIX - Expense Ratio Comparison
PAXBX has a 0.71% expense ratio, which is higher than PRCIX's 0.44% expense ratio.
Dividends
PAXBX vs. PRCIX - Dividend Comparison
PAXBX's dividend yield for the trailing twelve months is around 3.64%, less than PRCIX's 5.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAXBX PAX CORE BOND FUND | 3.64% | 3.72% | 3.22% | 2.18% | 1.69% | 1.51% | 4.14% | 2.59% | 2.37% | 2.24% | 0.07% | 0.00% |
PRCIX T. Rowe Price New Income Fund | 5.60% | 5.94% | 5.65% | 4.37% | 1.80% | 2.65% | 3.33% | 2.88% | 3.03% | 2.66% | 2.56% | 2.55% |
Frequently Asked Questions
With a correlation of 0.90, PAXBX and PRCIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRCIX has higher volatility (1.05%) compared to PAXBX (1.02%). In terms of maximum drawdown, PAXBX dropped -18.88% vs PRCIX's -22.34%.
PRCIX currently has the higher Sharpe Ratio (1.03 vs 0.71), 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.
Find the right allocation for PAXBX and PRCIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer