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

Performance

PBDIX vs. BIIIX - Performance Comparison

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

0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.40%
3.90%
PBDIX
BIIIX

Returns By Period


PBDIX

YTD

1.61%

1M

-0.79%

6M

3.07%

1Y

6.53%

5Y (annualized)

-0.02%

10Y (annualized)

1.53%

BIIIX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


PBDIXBIIIX

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PBDIX vs. BIIIX - Expense Ratio Comparison

PBDIX has a 0.23% expense ratio, which is lower than BIIIX's 0.29% expense ratio.


BIIIX
BlackRock Sustainable Advantage CoreAlpha Bond Fund
Expense ratio chart for BIIIX: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%
Expense ratio chart for PBDIX: current value at 0.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.23%

Correlation

-0.50.00.51.00.9

The correlation between PBDIX and BIIIX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

PBDIX vs. BIIIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond Index Fund (PBDIX) and BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX). 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.


Sharpe ratio
The chart of Sharpe ratio for PBDIX, currently valued at 1.12, compared to the broader market-1.000.001.002.003.004.005.001.121.47
The chart of Sortino ratio for PBDIX, currently valued at 1.66, compared to the broader market0.005.0010.001.662.27
The chart of Omega ratio for PBDIX, currently valued at 1.20, compared to the broader market1.002.003.004.001.201.33
The chart of Calmar ratio for PBDIX, currently valued at 0.42, compared to the broader market0.005.0010.0015.0020.0025.000.420.47
The chart of Martin ratio for PBDIX, currently valued at 3.69, compared to the broader market0.0020.0040.0060.0080.00100.003.695.12
PBDIX
BIIIX

Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.12
1.47
PBDIX
BIIIX

Dividends

PBDIX vs. BIIIX - Dividend Comparison

PBDIX's dividend yield for the trailing twelve months is around 4.00%, while BIIIX has not paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
PBDIX
T. Rowe Price QM U.S. Bond Index Fund
4.00%3.49%2.74%1.85%4.85%2.92%2.94%2.75%2.78%2.90%2.86%3.05%
BIIIX
BlackRock Sustainable Advantage CoreAlpha Bond Fund
3.31%3.62%2.21%2.20%2.82%2.79%2.78%2.18%0.61%0.00%0.00%0.00%

Drawdowns

PBDIX vs. BIIIX - Drawdown Comparison


-14.00%-12.00%-10.00%-8.00%-6.00%JuneJulyAugustSeptemberOctoberNovember
-9.54%
-9.29%
PBDIX
BIIIX

Volatility

PBDIX vs. BIIIX - Volatility Comparison

T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a higher volatility of 1.47% compared to BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX) at 0.00%. This indicates that PBDIX's price experiences larger fluctuations and is considered to be riskier than BIIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.47%
0
PBDIX
BIIIX