PRCPX vs. RPIDX
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and T. Rowe Price Dynamic Credit Fund (RPIDX).
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. RPIDX is managed by T. Rowe Price. It was launched on Jan 10, 2019.
Performance
PRCPX vs. RPIDX - Performance Comparison
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PRCPX vs. RPIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 11.16% |
RPIDX T. Rowe Price Dynamic Credit Fund | 0.97% | 13.01% | 7.39% | 4.72% | -0.76% | 6.21% | 2.71% | 6.87% |
Returns By Period
In the year-to-date period, PRCPX achieves a -0.13% return, which is significantly lower than RPIDX's 0.97% 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%
RPIDX
- 1D
- 0.00%
- 1M
- -0.79%
- YTD
- 0.97%
- 6M
- 3.22%
- 1Y
- 11.28%
- 3Y*
- 8.11%
- 5Y*
- 5.01%
- 10Y*
- —
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PRCPX vs. RPIDX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is higher than RPIDX's 0.63% expense ratio.
Return for Risk
PRCPX vs. RPIDX — Risk / Return Rank
PRCPX
RPIDX
PRCPX vs. RPIDX - 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 Dynamic Credit Fund (RPIDX). 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 | RPIDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 3.06 | +0.41 |
Sortino ratioReturn per unit of downside risk | 5.52 | 5.36 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.76 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 4.09 | +0.44 |
Martin ratioReturn relative to average drawdown | 21.08 | 17.13 | +3.94 |
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 | RPIDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 3.06 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.31 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.17 | -0.29 |
Correlation
The correlation between PRCPX and RPIDX is 0.22, 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. RPIDX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.89%, more than RPIDX's 12.73% 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% |
RPIDX T. Rowe Price Dynamic Credit Fund | 12.73% | 12.85% | 6.87% | 6.64% | 7.97% | 5.34% | 7.14% | 4.41% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRCPX vs. RPIDX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, which is greater than RPIDX's maximum drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for PRCPX and RPIDX.
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Drawdown Indicators
| PRCPX | RPIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -19.95% | -3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.81% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -7.31% | -7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -0.79% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -1.90% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.67% | -0.02% |
Volatility
PRCPX vs. RPIDX - Volatility Comparison
T. Rowe Price Credit Opportunities Fund (PRCPX) has a higher volatility of 1.10% compared to T. Rowe Price Dynamic Credit Fund (RPIDX) at 0.94%. This indicates that PRCPX's price experiences larger fluctuations and is considered to be riskier than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCPX | RPIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.94% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.66% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 3.90% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 3.86% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 4.84% | +0.61% |