PRCIX vs. WOBDX
Compare and contrast key facts about T. Rowe Price New Income Fund (PRCIX) and JPMorgan Core Bond Fund (WOBDX).
PRCIX is managed by T. Rowe Price. It was launched on Aug 31, 1973. WOBDX is managed by JPMorgan Chase. It was launched on May 31, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRCIX or WOBDX.
Key characteristics
| PRCIX | WOBDX | |
|---|---|---|
| YTD Return | 1.34% | 2.12% |
| 1Y Return | 6.51% | 7.15% |
| 3Y Return (Ann) | -3.45% | -2.06% |
| 5Y Return (Ann) | -1.17% | -0.31% |
| 10Y Return (Ann) | 0.91% | 1.30% |
| Sharpe Ratio | 1.32 | 1.46 |
| Sortino Ratio | 1.98 | 2.18 |
| Omega Ratio | 1.23 | 1.26 |
| Calmar Ratio | 0.46 | 0.56 |
| Martin Ratio | 4.90 | 5.38 |
| Ulcer Index | 1.61% | 1.55% |
| Daily Std Dev | 5.98% | 5.72% |
| Max Drawdown | -19.98% | -18.25% |
| Current Drawdown | -11.04% | -8.38% |
Correlation
The correlation between PRCIX and WOBDX is 0.87, 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. WOBDX - Performance Comparison
In the year-to-date period, PRCIX achieves a 1.34% return, which is significantly lower than WOBDX's 2.12% return. Over the past 10 years, PRCIX has underperformed WOBDX with an annualized return of 0.91%, while WOBDX has yielded a comparatively higher 1.30% 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. WOBDX - Expense Ratio Comparison
PRCIX has a 0.44% expense ratio, which is lower than WOBDX's 0.50% expense ratio.
Risk-Adjusted Performance
PRCIX vs. WOBDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Income Fund (PRCIX) and JPMorgan Core Bond Fund (WOBDX). 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. WOBDX - Dividend Comparison
PRCIX's dividend yield for the trailing twelve months is around 4.41%, more than WOBDX's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCIX T. Rowe Price New Income Fund | 4.41% | 3.82% | 2.45% | 1.59% | 2.41% | 2.87% | 3.04% | 2.66% | 2.56% | 2.56% | 2.60% | 2.78% |
WOBDX JPMorgan Core Bond Fund | 3.92% | 3.49% | 2.68% | 2.07% | 2.36% | 2.77% | 2.80% | 2.66% | 2.47% | 2.34% | 2.53% | 2.76% |
Drawdowns
PRCIX vs. WOBDX - Drawdown Comparison
The maximum PRCIX drawdown since its inception was -19.98%, which is greater than WOBDX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for PRCIX and WOBDX. For additional features, visit the drawdowns tool.
Volatility
PRCIX vs. WOBDX - Volatility Comparison
T. Rowe Price New Income Fund (PRCIX) has a higher volatility of 1.71% compared to JPMorgan Core Bond Fund (WOBDX) at 1.53%. This indicates that PRCIX's price experiences larger fluctuations and is considered to be riskier than WOBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.