PPCRX vs. RPIEX
PPCRX (PIMCO Credit Opportunities Bond Fund) and RPIEX (T. Rowe Price Dynamic Global Bond Fund) are both Nontraditional Bonds funds. Over the past 10 years, PPCRX returned 3.85%/yr vs 2.31%/yr for RPIEX. At a correlation of -0.13, they often move in opposite directions. PPCRX charges 1.00%/yr vs 0.71%/yr for RPIEX.
Performance
PPCRX vs. RPIEX - Performance Comparison
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Returns By Period
In the year-to-date period, PPCRX achieves a -0.12% return, which is significantly lower than RPIEX's 3.66% return. Over the past 10 years, PPCRX has outperformed RPIEX with an annualized return of 3.85%, while RPIEX has yielded a comparatively lower 2.31% annualized return.
PPCRX
- 1D
- -0.21%
- 1M
- 0.53%
- 6M
- -0.12%
- YTD
- -0.12%
- 1Y
- 1.83%
- 3Y*
- 4.69%
- 5Y*
- 2.84%
- 10Y*
- 3.85%
RPIEX
- 1D
- 0.13%
- 1M
- 0.26%
- 6M
- 3.66%
- YTD
- 3.66%
- 1Y
- 5.84%
- 3Y*
- 4.81%
- 5Y*
- 2.31%
- 10Y*
- 2.31%
PPCRX vs. RPIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPCRX PIMCO Credit Opportunities Bond Fund | -0.12% | 4.39% | 5.74% | 8.55% | -3.41% | 1.26% | 3.33% | 8.39% | -0.99% | 6.83% |
RPIEX T. Rowe Price Dynamic Global Bond Fund | 3.66% | 4.82% | 6.83% | -4.51% | 3.08% | 0.08% | 9.42% | -0.39% | 0.89% | -1.89% |
Correlation
The correlation between PPCRX and RPIEX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | -0.13 |
The correlation between PPCRX and RPIEX shifts across timeframes, from -0.19 (5 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PPCRX vs. RPIEX — Risk / Return Rank
PPCRX
RPIEX
PPCRX vs. RPIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Credit Opportunities Bond Fund (PPCRX) and T. Rowe Price Dynamic Global Bond Fund (RPIEX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PPCRX | RPIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.31 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.65 | -1.27 |
| Martin ratioReturn relative to average drawdown | 0.96 | 5.55 | -4.59 |
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Drawdowns
PPCRX vs. RPIEX - Drawdown Comparison
The maximum PPCRX drawdown since its inception was -14.38%, which is greater than RPIEX's maximum drawdown of -9.59%. Use the drawdown chart below to compare losses from any high point for PPCRX and RPIEX.
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Drawdown Indicators
| PPCRX | RPIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.38% | -9.59% | -4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.58% | -3.64% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -3.64% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -8.11% | -9.59% | +1.48% |
Max Drawdown (10Y)Largest decline over 10 years | -14.38% | -9.59% | -4.79% |
Current DrawdownCurrent decline from peak | -1.83% | -0.26% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -2.46% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.08% | +0.71% |
Volatility
PPCRX vs. RPIEX - Volatility Comparison
PIMCO Credit Opportunities Bond Fund (PPCRX) has a higher volatility of 1.16% compared to T. Rowe Price Dynamic Global Bond Fund (RPIEX) at 0.84%. This indicates that PPCRX's price experiences larger fluctuations and is considered to be riskier than RPIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPCRX | RPIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.84% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 3.93% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.41% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.34% | 4.92% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 4.19% | -0.87% |
PPCRX vs. RPIEX - Expense Ratio Comparison
PPCRX has a 1.00% expense ratio, which is higher than RPIEX's 0.71% expense ratio.
Dividends
PPCRX vs. RPIEX - Dividend Comparison
PPCRX's dividend yield for the trailing twelve months is around 2.76%, less than RPIEX's 7.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPCRX PIMCO Credit Opportunities Bond Fund | 2.76% | 2.42% | 4.19% | 4.24% | 3.70% | 3.34% | 3.63% | 3.95% | 4.29% | 3.20% | 3.17% | 3.71% |
RPIEX T. Rowe Price Dynamic Global Bond Fund | 7.58% | 7.69% | 6.32% | 4.68% | 15.28% | 3.76% | 1.93% | 2.51% | 4.36% | 0.61% | 2.72% | 0.00% |
Frequently Asked Questions
PPCRX and RPIEX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPCRX has higher volatility (1.16%) compared to RPIEX (0.84%). In terms of maximum drawdown, PPCRX dropped -14.38% vs RPIEX's -9.59%.
RPIEX currently has the higher Sharpe Ratio (1.36 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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