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.
Performance
PBDIX vs. PACEX - Performance Comparison
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PBDIX vs. PACEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBDIX T. Rowe Price QM U.S. Bond Index Fund | -0.33% | 10.63% | 1.96% | 5.47% | -14.24% | -1.45% | 8.17% | 8.69% | -0.01% | 3.83% |
PACEX T. Rowe Price Emerging Markets Corporate Bond Fund | -1.68% | 8.38% | 6.64% | 6.38% | -13.41% | -2.01% | 6.59% | 12.82% | -1.80% | 8.88% |
Returns By Period
In the year-to-date period, PBDIX achieves a -0.33% return, which is significantly higher than PACEX's -1.68% return. Over the past 10 years, PBDIX has underperformed PACEX with an annualized return of 2.02%, while PACEX has yielded a comparatively higher 3.41% annualized return.
PBDIX
- 1D
- 0.52%
- 1M
- -2.44%
- YTD
- -0.33%
- 6M
- 1.93%
- 1Y
- 7.31%
- 3Y*
- 4.79%
- 5Y*
- 0.69%
- 10Y*
- 2.02%
PACEX
- 1D
- 0.11%
- 1M
- -3.07%
- YTD
- -1.68%
- 6M
- -0.80%
- 1Y
- 4.32%
- 3Y*
- 6.13%
- 5Y*
- 0.75%
- 10Y*
- 3.41%
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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.
Return for Risk
PBDIX vs. PACEX — Risk / Return Rank
PBDIX
PACEX
PBDIX vs. PACEX - Risk-Adjusted Trends 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.
| PBDIX | PACEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.47 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.51 | 2.02 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.40 | +1.25 |
Martin ratioReturn relative to average drawdown | 8.49 | 5.25 | +3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PBDIX | PACEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.47 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.22 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.84 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.94 | -0.09 |
Correlation
The correlation between PBDIX and PACEX is 0.37, 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.
Dividends
PBDIX vs. PACEX - Dividend Comparison
PBDIX's dividend yield for the trailing twelve months is around 7.42%, more than PACEX's 5.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBDIX T. Rowe Price QM U.S. Bond Index Fund | 7.42% | 7.33% | 4.48% | 3.49% | 2.01% | 1.84% | 3.59% | 3.18% | 2.94% | 2.75% | 2.82% | 2.99% |
PACEX T. Rowe Price Emerging Markets Corporate Bond Fund | 5.19% | 5.50% | 4.76% | 3.86% | 3.06% | 3.36% | 3.85% | 4.26% | 4.46% | 3.94% | 4.27% | 4.92% |
Drawdowns
PBDIX vs. PACEX - Drawdown Comparison
The maximum PBDIX drawdown since its inception was -19.20%, smaller than the maximum PACEX drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for PBDIX and PACEX.
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Drawdown Indicators
| PBDIX | PACEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.20% | -23.40% | +4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -3.35% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -23.40% | +4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -19.20% | -23.40% | +4.20% |
Current DrawdownCurrent decline from peak | -2.44% | -3.07% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -4.20% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.89% | +0.03% |
Volatility
PBDIX vs. PACEX - Volatility Comparison
T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a higher volatility of 1.71% 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.
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Volatility by Period
| PBDIX | PACEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 0.88% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 1.86% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 3.20% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 3.44% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.06% | +0.92% |