PRCPX vs. CHYDX
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and Calamos High Income Opportunities Fund (CHYDX).
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. CHYDX is managed by Calamos. It was launched on Aug 2, 1999.
Performance
PRCPX vs. CHYDX - Performance Comparison
Loading graphics...
PRCPX vs. CHYDX - 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% |
CHYDX Calamos High Income Opportunities Fund | -0.47% | 6.72% | 7.78% | 12.26% | -10.35% | 6.44% | 4.78% | 14.29% | -4.30% | 6.05% |
Returns By Period
In the year-to-date period, PRCPX achieves a 0.37% return, which is significantly higher than CHYDX's -0.47% return. Over the past 10 years, PRCPX has outperformed CHYDX with an annualized return of 6.88%, while CHYDX has yielded a comparatively lower 5.12% annualized return.
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%
CHYDX
- 1D
- 0.00%
- 1M
- -1.29%
- YTD
- -0.47%
- 6M
- 0.54%
- 1Y
- 5.27%
- 3Y*
- 7.81%
- 5Y*
- 3.67%
- 10Y*
- 5.12%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRCPX vs. CHYDX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is lower than CHYDX's 1.00% expense ratio.
Return for Risk
PRCPX vs. CHYDX — Risk / Return Rank
PRCPX
CHYDX
PRCPX vs. CHYDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) and Calamos High Income Opportunities Fund (CHYDX). 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 | CHYDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.49 | 1.81 | +1.68 |
Sortino ratioReturn per unit of downside risk | 5.55 | 2.50 | +3.05 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.43 | +0.50 |
Calmar ratioReturn relative to maximum drawdown | 4.86 | 1.84 | +3.02 |
Martin ratioReturn relative to average drawdown | 22.46 | 8.54 | +13.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PRCPX | CHYDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 1.81 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.91 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.27 | 1.03 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.04 | -0.16 |
Correlation
The correlation between PRCPX and CHYDX is 0.74, 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.
Dividends
PRCPX vs. CHYDX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.83%, more than CHYDX's 5.74% 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% |
CHYDX Calamos High Income Opportunities Fund | 5.74% | 6.39% | 6.30% | 6.28% | 5.47% | 4.48% | 5.26% | 5.85% | 6.62% | 4.87% | 4.94% | 5.43% |
Drawdowns
PRCPX vs. CHYDX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, smaller than the maximum CHYDX drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for PRCPX and CHYDX.
Loading graphics...
Drawdown Indicators
| PRCPX | CHYDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -35.03% | +11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.85% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -13.66% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -23.35% | +0.28% |
Current DrawdownCurrent decline from peak | -1.24% | -1.60% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -2.78% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.61% | +0.05% |
Volatility
PRCPX vs. CHYDX - Volatility Comparison
T. Rowe Price Credit Opportunities Fund (PRCPX) has a higher volatility of 1.24% compared to Calamos High Income Opportunities Fund (CHYDX) at 1.04%. This indicates that PRCPX's price experiences larger fluctuations and is considered to be riskier than CHYDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PRCPX | CHYDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.04% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 1.60% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 3.00% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 4.05% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 4.96% | +0.49% |