PRCPX vs. CIF
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and MFS Intermediate High Income Fund (CIF).
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. CIF is a passively managed fund by MFS that tracks the performance of the Barclays U.S. High-Yield Corporate 2% Issuer Capped Index. It was launched on Jul 21, 1988. Both PRCPX and CIF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PRCPX vs. CIF - Performance Comparison
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PRCPX vs. CIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
CIF MFS Intermediate High Income Fund | -2.21% | 8.97% | 11.42% | 11.85% | -32.24% | 17.80% | 0.27% | 43.26% | -19.93% | 25.66% |
Returns By Period
In the year-to-date period, PRCPX achieves a -0.13% return, which is significantly higher than CIF's -2.21% return. Over the past 10 years, PRCPX has outperformed CIF with an annualized return of 6.83%, while CIF has yielded a comparatively lower 6.17% annualized return.
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
CIF
- 1D
- 2.85%
- 1M
- -3.86%
- YTD
- -2.21%
- 6M
- -3.39%
- 1Y
- 5.09%
- 3Y*
- 9.56%
- 5Y*
- 0.78%
- 10Y*
- 6.17%
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PRCPX vs. CIF - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is lower than CIF's 1.50% expense ratio.
Return for Risk
PRCPX vs. CIF — Risk / Return Rank
PRCPX
CIF
PRCPX vs. CIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) and MFS Intermediate High Income Fund (CIF). 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 | CIF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 0.38 | +3.09 |
Sortino ratioReturn per unit of downside risk | 5.52 | 0.60 | +4.92 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.09 | +0.84 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 0.51 | +4.02 |
Martin ratioReturn relative to average drawdown | 21.08 | 1.92 | +19.16 |
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 | CIF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 0.38 | +3.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.05 | +1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 0.32 | +0.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.16 | +0.72 |
Correlation
The correlation between PRCPX and CIF is 0.37, 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. CIF - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.89%, more than CIF's 10.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
CIF MFS Intermediate High Income Fund | 10.96% | 10.46% | 10.23% | 10.02% | 11.22% | 8.40% | 9.01% | 8.63% | 11.71% | 9.16% | 9.91% | 10.05% |
Drawdowns
PRCPX vs. CIF - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, smaller than the maximum CIF drawdown of -69.23%. Use the drawdown chart below to compare losses from any high point for PRCPX and CIF.
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Drawdown Indicators
| PRCPX | CIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -69.23% | +46.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -9.68% | +6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -44.92% | +30.58% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -45.24% | +22.17% |
Current DrawdownCurrent decline from peak | -1.74% | -23.30% | +21.56% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -17.80% | +14.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.65% | -2.00% |
Volatility
PRCPX vs. CIF - Volatility Comparison
The current volatility for T. Rowe Price Credit Opportunities Fund (PRCPX) is 1.10%, while MFS Intermediate High Income Fund (CIF) has a volatility of 5.35%. This indicates that PRCPX experiences smaller price fluctuations and is considered to be less risky than CIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCPX | CIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 5.35% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 7.87% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 13.40% | -9.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 16.85% | -12.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 19.43% | -13.98% |