PBDIX vs. PACEX
Compare and contrast key facts about T. Rowe Price QM U.S. Bond Index Fund (PBDIX) and T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX).
PBDIX is managed by T. Rowe Price. PACEX is managed by T. Rowe Price. It was launched on May 23, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBDIX or PACEX.
Performance
PBDIX vs. PACEX - Performance Comparison
Returns By Period
In the year-to-date period, PBDIX achieves a 1.61% return, which is significantly lower than PACEX's 7.02% return. Over the past 10 years, PBDIX has underperformed PACEX with an annualized return of 1.53%, while PACEX has yielded a comparatively higher 3.18% annualized return.
PBDIX
1.61%
-0.79%
3.07%
6.53%
-0.02%
1.53%
PACEX
7.02%
-0.42%
4.34%
11.74%
1.20%
3.18%
Key characteristics
| PBDIX | PACEX | |
|---|---|---|
| Sharpe Ratio | 1.14 | 4.06 |
| Sortino Ratio | 1.69 | 7.79 |
| Omega Ratio | 1.20 | 2.06 |
| Calmar Ratio | 0.43 | 0.91 |
| Martin Ratio | 3.75 | 22.15 |
| Ulcer Index | 1.77% | 0.54% |
| Daily Std Dev | 5.84% | 2.96% |
| Max Drawdown | -19.26% | -22.56% |
| Current Drawdown | -9.54% | -3.01% |
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PBDIX vs. PACEX - Expense Ratio Comparison
PBDIX has a 0.23% expense ratio, which is lower than PACEX's 1.16% expense ratio.
Correlation
The correlation between PBDIX and PACEX is 0.34, 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.
Risk-Adjusted Performance
PBDIX vs. PACEX - 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 T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX). 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. PACEX - Dividend Comparison
PBDIX's dividend yield for the trailing twelve months is around 4.00%, less than PACEX's 4.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PACEX T. Rowe Price Emerging Markets Corporate Bond Fund | 4.99% | 4.55% | 4.12% | 3.36% | 3.85% | 4.26% | 4.46% | 3.94% | 4.28% | 4.92% | 4.85% | 4.23% |
Drawdowns
PBDIX vs. PACEX - Drawdown Comparison
The maximum PBDIX drawdown since its inception was -19.26%, smaller than the maximum PACEX drawdown of -22.56%. Use the drawdown chart below to compare losses from any high point for PBDIX and PACEX. For additional features, visit the drawdowns tool.
Volatility
PBDIX vs. PACEX - Volatility Comparison
T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a higher volatility of 1.47% compared to T. Rowe Price Emerging Markets Corporate Bond Fund (PACEX) at 0.88%. This indicates that PBDIX's price experiences larger fluctuations and is considered to be riskier than PACEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.