PBDIX vs. PRCOX
Compare and contrast key facts about T. Rowe Price QM U.S. Bond Index Fund (PBDIX) and T. Rowe Price U.S. Equity Research Fund (PRCOX).
PBDIX is managed by T. Rowe Price. PRCOX is managed by T. Rowe Price. It was launched on Nov 30, 1994.
Performance
PBDIX vs. PRCOX - Performance Comparison
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PBDIX vs. PRCOX - 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% |
PRCOX T. Rowe Price U.S. Equity Research Fund | -7.21% | 16.97% | 26.41% | 29.82% | -18.80% | 28.06% | 19.82% | 33.04% | -4.73% | 23.80% |
Returns By Period
In the year-to-date period, PBDIX achieves a -0.33% return, which is significantly higher than PRCOX's -7.21% return. Over the past 10 years, PBDIX has underperformed PRCOX with an annualized return of 2.02%, while PRCOX has yielded a comparatively higher 14.30% 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%
PRCOX
- 1D
- -0.43%
- 1M
- -8.17%
- YTD
- -7.21%
- 6M
- -4.25%
- 1Y
- 14.10%
- 3Y*
- 18.09%
- 5Y*
- 11.91%
- 10Y*
- 14.30%
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PBDIX vs. PRCOX - Expense Ratio Comparison
PBDIX has a 0.23% expense ratio, which is lower than PRCOX's 0.42% expense ratio.
Return for Risk
PBDIX vs. PRCOX — Risk / Return Rank
PBDIX
PRCOX
PBDIX vs. PRCOX - 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 U.S. Equity Research Fund (PRCOX). 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 | PRCOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 0.82 | +0.91 |
Sortino ratioReturn per unit of downside risk | 2.51 | 1.28 | +1.24 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 0.95 | +1.69 |
Martin ratioReturn relative to average drawdown | 8.49 | 4.54 | +3.96 |
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 | PRCOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 0.82 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.69 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.78 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.54 | +0.31 |
Correlation
The correlation between PBDIX and PRCOX is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PBDIX vs. PRCOX - Dividend Comparison
PBDIX's dividend yield for the trailing twelve months is around 7.42%, more than PRCOX's 1.85% 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% |
PRCOX T. Rowe Price U.S. Equity Research Fund | 1.85% | 1.72% | 0.64% | 1.17% | 1.28% | 3.71% | 1.04% | 1.39% | 5.60% | 7.02% | 7.28% | 8.76% |
Drawdowns
PBDIX vs. PRCOX - Drawdown Comparison
The maximum PBDIX drawdown since its inception was -19.20%, smaller than the maximum PRCOX drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for PBDIX and PRCOX.
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Drawdown Indicators
| PBDIX | PRCOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.20% | -53.96% | +34.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -12.19% | +9.25% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -24.94% | +5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -19.20% | -34.42% | +15.22% |
Current DrawdownCurrent decline from peak | -2.44% | -9.32% | +6.88% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -9.22% | +6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.63% | -1.71% |
Volatility
PBDIX vs. PRCOX - Volatility Comparison
The current volatility for T. Rowe Price QM U.S. Bond Index Fund (PBDIX) is 1.71%, while T. Rowe Price U.S. Equity Research Fund (PRCOX) has a volatility of 4.50%. This indicates that PBDIX experiences smaller price fluctuations and is considered to be less risky than PRCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBDIX | PRCOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 4.50% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 8.87% | -5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 18.14% | -13.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 17.27% | -11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 18.31% | -13.33% |