PBDIX vs. BIIIX
Compare and contrast key facts about T. Rowe Price QM U.S. Bond Index Fund (PBDIX) and BlackRock Sustainable Advantage CoreAlpha Bond Fund (BIIIX).
PBDIX is managed by T. Rowe Price. BIIIX is managed by Blackrock. It was launched on Aug 23, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBDIX or BIIIX.
Key characteristics
| PBDIX | BIIIX |
|---|
Correlation
The correlation between PBDIX and BIIIX is 0.88, 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.
Performance
PBDIX vs. BIIIX - Performance Comparison
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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PBDIX vs. BIIIX - Expense Ratio Comparison
PBDIX has a 0.23% expense ratio, which is lower than BIIIX's 0.29% expense ratio.
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.
Dividends
PBDIX vs. BIIIX - Dividend Comparison
PBDIX's dividend yield for the trailing twelve months is around 3.97%, while BIIIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
Volatility
PBDIX vs. BIIIX - Volatility Comparison
T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a higher volatility of 1.59% 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.