PRCIX vs. DUTMX
PRCIX (T. Rowe Price New Income Fund) and DUTMX (Dupree Taxable Municipal Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, PRCIX returned 1.53%/yr vs 0.39%/yr for DUTMX. Their correlation of 0.81 suggests significant overlap in exposure. PRCIX charges 0.44%/yr vs 1.00%/yr for DUTMX.
Performance
PRCIX vs. DUTMX - 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 DUTMX's 1.01% return. Over the past 10 years, PRCIX has outperformed DUTMX with an annualized return of 1.53%, while DUTMX has yielded a comparatively lower 0.39% annualized return.
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%
DUTMX
- 1D
- -0.54%
- 1M
- 1.34%
- YTD
- 1.01%
- 6M
- 1.56%
- 1Y
- 5.57%
- 3Y*
- 3.31%
- 5Y*
- -2.58%
- 10Y*
- 0.39%
PRCIX vs. DUTMX - 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% |
DUTMX Dupree Taxable Municipal Bond Fund | 1.01% | 6.44% | 1.09% | 6.83% | -25.27% | 0.28% | 6.24% | 6.66% | 2.04% | 5.12% |
Correlation
The correlation between PRCIX and DUTMX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010 | 0.81 |
The correlation between PRCIX and DUTMX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
PRCIX vs. DUTMX — Risk / Return Rank
PRCIX
DUTMX
PRCIX vs. DUTMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Income Fund (PRCIX) and Dupree Taxable Municipal Bond Fund (DUTMX). 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 | DUTMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.46 | +0.48 |
| Martin ratioReturn relative to average drawdown | 5.49 | 4.26 | +1.23 |
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Drawdowns
PRCIX vs. DUTMX - Drawdown Comparison
The maximum PRCIX drawdown since its inception was -22.34%, smaller than the maximum DUTMX drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for PRCIX and DUTMX.
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Drawdown Indicators
| PRCIX | DUTMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -30.53% | +8.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -4.05% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -6.00% | -7.80% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -30.53% | +10.88% |
Max Drawdown (10Y)Largest decline over 10 years | -19.65% | -30.53% | +10.88% |
Current DrawdownCurrent decline from peak | -1.79% | -14.69% | +12.90% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -6.97% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.38% | -0.32% |
Volatility
PRCIX vs. DUTMX - Volatility Comparison
T. Rowe Price New Income Fund (PRCIX) and Dupree Taxable Municipal Bond Fund (DUTMX) have volatilities of 1.26% and 1.21%, 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.
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Volatility by Period
| PRCIX | DUTMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.21% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 3.83% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 5.57% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.97% | 8.81% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 7.08% | -2.12% |
PRCIX vs. DUTMX - Expense Ratio Comparison
PRCIX has a 0.44% expense ratio, which is lower than DUTMX's 1.00% expense ratio.
Dividends
PRCIX vs. DUTMX - Dividend Comparison
PRCIX's dividend yield for the trailing twelve months is around 5.97%, more than DUTMX's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUTMX Dupree Taxable Municipal Bond Fund | 4.48% | 4.57% | 4.26% | 4.02% | 4.28% | 2.32% | 4.69% | 5.18% | 5.04% | 4.89% | 4.84% | 4.77% |
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
PRCIX and DUTMX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRCIX has higher volatility (1.26%) compared to DUTMX (1.21%). In terms of maximum drawdown, PRCIX dropped -22.34% vs DUTMX's -30.53%.
PRCIX currently has the higher Sharpe Ratio (1.47 vs 1.06), 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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