PBDIX vs. VBTLX
Compare and contrast key facts about T. Rowe Price QM U.S. Bond Index Fund (PBDIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).
PBDIX is managed by T. Rowe Price. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBDIX or VBTLX.
Key characteristics
| PBDIX | VBTLX | |
|---|---|---|
| YTD Return | 2.35% | 2.22% |
| 1Y Return | 9.07% | 8.98% |
| 3Y Return (Ann) | -2.58% | -2.42% |
| 5Y Return (Ann) | 0.27% | -0.02% |
| 10Y Return (Ann) | 1.63% | 1.46% |
| Sharpe Ratio | 1.35 | 1.38 |
| Sortino Ratio | 2.00 | 2.04 |
| Omega Ratio | 1.24 | 1.25 |
| Calmar Ratio | 0.49 | 0.50 |
| Martin Ratio | 4.93 | 4.90 |
| Ulcer Index | 1.65% | 1.64% |
| Daily Std Dev | 6.04% | 5.82% |
| Max Drawdown | -19.26% | -19.05% |
| Current Drawdown | -8.88% | -8.51% |
Correlation
The correlation between PBDIX and VBTLX is 0.94, 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. VBTLX - Performance Comparison
In the year-to-date period, PBDIX achieves a 2.35% return, which is significantly higher than VBTLX's 2.22% return. Over the past 10 years, PBDIX has outperformed VBTLX with an annualized return of 1.63%, while VBTLX has yielded a comparatively lower 1.46% annualized return. 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. VBTLX - Expense Ratio Comparison
PBDIX has a 0.23% expense ratio, which is higher than VBTLX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
PBDIX vs. VBTLX - 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 Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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. VBTLX - Dividend Comparison
PBDIX's dividend yield for the trailing twelve months is around 3.97%, more than VBTLX's 3.58% yield.
| 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% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.58% | 3.11% | 2.51% | 1.90% | 2.23% | 2.74% | 2.78% | 2.51% | 2.49% | 2.48% | 2.55% | 2.56% |
Drawdowns
PBDIX vs. VBTLX - Drawdown Comparison
The maximum PBDIX drawdown since its inception was -19.26%, roughly equal to the maximum VBTLX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for PBDIX and VBTLX. For additional features, visit the drawdowns tool.
Volatility
PBDIX vs. VBTLX - Volatility Comparison
T. Rowe Price QM U.S. Bond Index Fund (PBDIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) have volatilities of 1.59% and 1.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.