PRCIX vs. PDBAX
Compare and contrast key facts about T. Rowe Price New Income Fund (PRCIX) and PGIM Total Return Bond Fund (PDBAX).
PRCIX is managed by T. Rowe Price. It was launched on Aug 31, 1973. PDBAX is managed by PGIM Investments. It was launched on Jan 10, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRCIX or PDBAX.
Key characteristics
| PRCIX | PDBAX | |
|---|---|---|
| YTD Return | 2.24% | 3.37% |
| 1Y Return | 9.00% | 10.67% |
| 3Y Return (Ann) | -3.43% | -2.17% |
| 5Y Return (Ann) | -0.91% | -0.43% |
| 10Y Return (Ann) | 1.02% | 1.59% |
| Sharpe Ratio | 1.33 | 1.72 |
| Sortino Ratio | 1.98 | 2.50 |
| Omega Ratio | 1.24 | 1.31 |
| Calmar Ratio | 0.45 | 0.60 |
| Martin Ratio | 5.10 | 6.85 |
| Ulcer Index | 1.57% | 1.43% |
| Daily Std Dev | 6.02% | 5.70% |
| Max Drawdown | -19.98% | -20.62% |
| Current Drawdown | -10.25% | -7.27% |
Correlation
The correlation between PRCIX and PDBAX is 0.84, 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
PRCIX vs. PDBAX - Performance Comparison
In the year-to-date period, PRCIX achieves a 2.24% return, which is significantly lower than PDBAX's 3.37% return. Over the past 10 years, PRCIX has underperformed PDBAX with an annualized return of 1.02%, while PDBAX has yielded a comparatively higher 1.59% 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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PRCIX vs. PDBAX - Expense Ratio Comparison
PRCIX has a 0.44% expense ratio, which is lower than PDBAX's 0.76% expense ratio.
Risk-Adjusted Performance
PRCIX vs. PDBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Income Fund (PRCIX) and PGIM Total Return Bond Fund (PDBAX). 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
PRCIX vs. PDBAX - Dividend Comparison
PRCIX's dividend yield for the trailing twelve months is around 4.37%, less than PDBAX's 4.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCIX T. Rowe Price New Income Fund | 4.37% | 3.82% | 2.45% | 1.59% | 2.41% | 2.87% | 3.04% | 2.66% | 2.56% | 2.56% | 2.60% | 2.78% |
PDBAX PGIM Total Return Bond Fund | 4.47% | 4.32% | 4.83% | 2.69% | 2.69% | 3.34% | 3.75% | 2.63% | 2.60% | 2.93% | 3.33% | 3.50% |
Drawdowns
PRCIX vs. PDBAX - Drawdown Comparison
The maximum PRCIX drawdown since its inception was -19.98%, roughly equal to the maximum PDBAX drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for PRCIX and PDBAX. For additional features, visit the drawdowns tool.
Volatility
PRCIX vs. PDBAX - Volatility Comparison
T. Rowe Price New Income Fund (PRCIX) has a higher volatility of 1.69% compared to PGIM Total Return Bond Fund (PDBAX) at 1.59%. This indicates that PRCIX's price experiences larger fluctuations and is considered to be riskier than PDBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.