PRCPX vs. PRTIX
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX).
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. PRTIX is managed by T. Rowe Price. It was launched on Sep 28, 1989.
Performance
PRCPX vs. PRTIX - Performance Comparison
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PRCPX vs. PRTIX - 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% |
PRTIX T. Rowe Price U.S. Treasury Intermediate Index Fund | -0.50% | 10.59% | 0.65% | 3.49% | -12.61% | -2.99% | 8.05% | 6.65% | 1.02% | 1.24% |
Returns By Period
In the year-to-date period, PRCPX achieves a -0.13% return, which is significantly higher than PRTIX's -0.50% return. Over the past 10 years, PRCPX has outperformed PRTIX with an annualized return of 6.83%, while PRTIX has yielded a comparatively lower 1.10% 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%
PRTIX
- 1D
- 0.40%
- 1M
- -2.31%
- YTD
- -0.50%
- 6M
- 1.56%
- 1Y
- 6.65%
- 3Y*
- 3.59%
- 5Y*
- 0.09%
- 10Y*
- 1.10%
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PRCPX vs. PRTIX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is higher than PRTIX's 0.27% expense ratio.
Return for Risk
PRCPX vs. PRTIX — Risk / Return Rank
PRCPX
PRTIX
PRCPX vs. PRTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) and T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX). 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 | PRTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 1.61 | +1.86 |
Sortino ratioReturn per unit of downside risk | 5.52 | 2.42 | +3.10 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.30 | +0.63 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.49 | +2.04 |
Martin ratioReturn relative to average drawdown | 21.08 | 8.00 | +13.08 |
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 | PRTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 1.61 | +1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.01 | +1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 0.22 | +1.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.89 | -0.01 |
Correlation
The correlation between PRCPX and PRTIX is 0.14, 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. PRTIX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.89%, more than PRTIX's 6.49% 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% |
PRTIX T. Rowe Price U.S. Treasury Intermediate Index Fund | 6.49% | 6.44% | 3.87% | 3.99% | 1.17% | 0.76% | 2.80% | 2.08% | 1.86% | 1.60% | 2.25% | 2.48% |
Drawdowns
PRCPX vs. PRTIX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, which is greater than PRTIX's maximum drawdown of -18.93%. Use the drawdown chart below to compare losses from any high point for PRCPX and PRTIX.
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Drawdown Indicators
| PRCPX | PRTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -18.93% | -4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.89% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -17.70% | +3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -18.93% | -4.14% |
Current DrawdownCurrent decline from peak | -1.74% | -3.73% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -2.94% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.90% | -0.25% |
Volatility
PRCPX vs. PRTIX - Volatility Comparison
The current volatility for T. Rowe Price Credit Opportunities Fund (PRCPX) is 1.10%, while T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX) has a volatility of 1.35%. This indicates that PRCPX experiences smaller price fluctuations and is considered to be less risky than PRTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCPX | PRTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.35% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.77% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 4.59% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 6.13% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 5.13% | +0.32% |