PRCPX vs. BGB
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and Blackstone GSO Strategic Credit Closed Fund (BGB).
PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014. BGB is an actively managed fund by Blackstone. It was launched on Sep 26, 2012.
Performance
PRCPX vs. BGB - Performance Comparison
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PRCPX vs. BGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 0.37% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
BGB Blackstone GSO Strategic Credit Closed Fund | -3.79% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 17.07% | -5.21% | 10.09% |
Returns By Period
In the year-to-date period, PRCPX achieves a 0.37% return, which is significantly higher than BGB's -3.79% return. Both investments have delivered pretty close results over the past 10 years, with PRCPX having a 6.88% annualized return and BGB not far ahead at 6.96%.
PRCPX
- 1D
- 0.51%
- 1M
- -1.12%
- YTD
- 0.37%
- 6M
- 3.54%
- 1Y
- 14.12%
- 3Y*
- 10.79%
- 5Y*
- 5.93%
- 10Y*
- 6.88%
BGB
- 1D
- 0.27%
- 1M
- 0.07%
- YTD
- -3.79%
- 6M
- -4.23%
- 1Y
- 0.85%
- 3Y*
- 11.53%
- 5Y*
- 5.04%
- 10Y*
- 6.96%
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PRCPX vs. BGB - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is lower than BGB's 2.36% expense ratio.
Return for Risk
PRCPX vs. BGB — Risk / Return Rank
PRCPX
BGB
PRCPX vs. BGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) and Blackstone GSO Strategic Credit Closed Fund (BGB). 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.
| PRCPX | BGB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.49 | 0.07 | +3.42 |
Sortino ratioReturn per unit of downside risk | 5.55 | 0.18 | +5.37 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.03 | +0.90 |
Calmar ratioReturn relative to maximum drawdown | 4.86 | 0.06 | +4.80 |
Martin ratioReturn relative to average drawdown | 22.46 | 0.15 | +22.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRCPX | BGB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 0.07 | +3.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.46 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | 0.43 | +0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.28 | +0.60 |
Correlation
The correlation between PRCPX and BGB is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PRCPX vs. BGB - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.83%, more than BGB's 8.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 12.83% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
BGB Blackstone GSO Strategic Credit Closed Fund | 8.85% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
Drawdowns
PRCPX vs. BGB - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, smaller than the maximum BGB drawdown of -44.87%. Use the drawdown chart below to compare losses from any high point for PRCPX and BGB.
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Drawdown Indicators
| PRCPX | BGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -44.87% | +21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -10.03% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -21.23% | +6.89% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -44.87% | +21.80% |
Current DrawdownCurrent decline from peak | -1.24% | -7.07% | +5.83% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -5.99% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 3.91% | -3.25% |
Volatility
PRCPX vs. BGB - Volatility Comparison
The current volatility for T. Rowe Price Credit Opportunities Fund (PRCPX) is 1.24%, while Blackstone GSO Strategic Credit Closed Fund (BGB) has a volatility of 3.84%. This indicates that PRCPX experiences smaller price fluctuations and is considered to be less risky than BGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCPX | BGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 3.84% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 5.82% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 12.45% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 10.90% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 16.14% | -10.69% |