PRCIX vs. BFMCX
PRCIX (T. Rowe Price New Income Fund) and BFMCX (BlackRock Core Bond Portfolio) are both Intermediate Core Bond funds. Over the past 10 years, PRCIX returned 1.53%/yr vs 1.47%/yr for BFMCX. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.44% expense ratio.
Performance
PRCIX vs. BFMCX - Performance Comparison
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Returns By Period
In the year-to-date period, PRCIX achieves a -0.25% return, which is significantly lower than BFMCX's -0.06% return. Both investments have delivered pretty close results over the past 10 years, with PRCIX having a 1.53% annualized return and BFMCX not far behind at 1.47%.
PRCIX
- 1D
- -0.38%
- 1M
- 0.62%
- YTD
- -0.25%
- 6M
- 0.63%
- 1Y
- 5.54%
- 3Y*
- 4.60%
- 5Y*
- 0.05%
- 10Y*
- 1.53%
BFMCX
- 1D
- -0.36%
- 1M
- 0.59%
- YTD
- -0.06%
- 6M
- 0.51%
- 1Y
- 4.29%
- 3Y*
- 3.41%
- 5Y*
- -0.47%
- 10Y*
- 1.47%
PRCIX vs. BFMCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCIX T. Rowe Price New Income Fund | -0.25% | 8.74% | 2.50% | 5.31% | -14.87% | -0.54% | 5.77% | 9.28% | -0.62% | 4.01% |
BFMCX BlackRock Core Bond Portfolio | -0.06% | 7.43% | 0.66% | 5.32% | -14.35% | -1.52% | 8.32% | 9.85% | -0.28% | 3.16% |
Correlation
The correlation between PRCIX and BFMCX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1992 | 0.89 |
The correlation between PRCIX and BFMCX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
PRCIX vs. BFMCX — Risk / Return Rank
PRCIX
BFMCX
PRCIX vs. BFMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Income Fund (PRCIX) and BlackRock Core Bond Portfolio (BFMCX). 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.
| PRCIX | BFMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.36 | +0.57 |
| Martin ratioReturn relative to average drawdown | 5.49 | 3.74 | +1.74 |
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Drawdowns
PRCIX vs. BFMCX - Drawdown Comparison
The maximum PRCIX drawdown since its inception was -22.34%, which is greater than BFMCX's maximum drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for PRCIX and BFMCX.
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Drawdown Indicators
| PRCIX | BFMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -19.49% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -3.25% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.00% | -6.76% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -19.32% | -0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -19.65% | -19.49% | -0.16% |
Current DrawdownCurrent decline from peak | -1.79% | -3.99% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -2.73% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.18% | -0.12% |
Volatility
PRCIX vs. BFMCX - Volatility Comparison
T. Rowe Price New Income Fund (PRCIX) has a higher volatility of 1.26% compared to BlackRock Core Bond Portfolio (BFMCX) at 1.10%. This indicates that PRCIX's price experiences larger fluctuations and is considered to be riskier than BFMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCIX | BFMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.10% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 3.07% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 4.02% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 6.15% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 5.06% | -0.10% |
PRCIX vs. BFMCX - Expense Ratio Comparison
Both PRCIX and BFMCX have an expense ratio of 0.44%.
Dividends
PRCIX vs. BFMCX - Dividend Comparison
PRCIX's dividend yield for the trailing twelve months is around 5.97%, more than BFMCX's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFMCX BlackRock Core Bond Portfolio | 4.38% | 4.10% | 3.86% | 3.21% | 1.86% | 2.11% | 5.78% | 2.86% | 3.02% | 2.69% | 2.41% | 2.57% |
PRCIX T. Rowe Price New Income Fund | 5.97% | 5.94% | 5.65% | 4.37% | 1.80% | 2.65% | 3.33% | 2.88% | 3.03% | 2.66% | 2.56% | 2.55% |
Frequently Asked Questions
With a correlation of 0.90, PRCIX and BFMCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PRCIX has higher volatility (1.26%) compared to BFMCX (1.10%). In terms of maximum drawdown, PRCIX dropped -22.34% vs BFMCX's -19.49%.
PRCIX currently has the higher Sharpe Ratio (1.47 vs 1.10), 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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