PRCPX vs. SSTHX
Compare and contrast key facts about T. Rowe Price Credit Opportunities Fund (PRCPX) and Allspring Short-Term High Yield Bond Fund (SSTHX).
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. SSTHX is managed by Allspring Global Investments. It was launched on Feb 29, 2000.
Performance
PRCPX vs. SSTHX - Performance Comparison
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PRCPX vs. SSTHX - 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% |
SSTHX Allspring Short-Term High Yield Bond Fund | -0.75% | 6.48% | 6.28% | 6.86% | -2.32% | 3.16% | 5.44% | 6.64% | 0.59% | 2.21% |
Returns By Period
In the year-to-date period, PRCPX achieves a -0.13% return, which is significantly higher than SSTHX's -0.75% return. Over the past 10 years, PRCPX has outperformed SSTHX with an annualized return of 6.83%, while SSTHX has yielded a comparatively lower 3.72% 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%
SSTHX
- 1D
- 0.13%
- 1M
- -1.27%
- YTD
- -0.75%
- 6M
- 0.75%
- 1Y
- 4.56%
- 3Y*
- 5.59%
- 5Y*
- 3.77%
- 10Y*
- 3.72%
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PRCPX vs. SSTHX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is lower than SSTHX's 0.94% expense ratio.
Return for Risk
PRCPX vs. SSTHX — Risk / Return Rank
PRCPX
SSTHX
PRCPX vs. SSTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Credit Opportunities Fund (PRCPX) and Allspring Short-Term High Yield Bond Fund (SSTHX). 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 | SSTHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.47 | 1.85 | +1.63 |
Sortino ratioReturn per unit of downside risk | 5.52 | 2.91 | +2.61 |
Omega ratioGain probability vs. loss probability | 1.93 | 1.48 | +0.44 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.59 | +1.94 |
Martin ratioReturn relative to average drawdown | 21.08 | 11.95 | +9.12 |
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 | SSTHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.47 | 1.85 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.23 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.26 | 1.06 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.24 | -0.36 |
Correlation
The correlation between PRCPX and SSTHX is 0.72, 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. SSTHX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 12.89%, more than SSTHX's 5.16% 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% |
SSTHX Allspring Short-Term High Yield Bond Fund | 5.16% | 5.61% | 5.81% | 5.04% | 3.85% | 3.35% | 3.34% | 3.27% | 3.16% | 2.81% | 2.93% | 2.76% |
Drawdowns
PRCPX vs. SSTHX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, which is greater than SSTHX's maximum drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for PRCPX and SSTHX.
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Drawdown Indicators
| PRCPX | SSTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -14.24% | -8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -1.91% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -6.05% | -8.29% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -14.24% | -8.83% |
Current DrawdownCurrent decline from peak | -1.74% | -1.27% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -0.93% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.41% | +0.24% |
Volatility
PRCPX vs. SSTHX - Volatility Comparison
T. Rowe Price Credit Opportunities Fund (PRCPX) has a higher volatility of 1.10% compared to Allspring Short-Term High Yield Bond Fund (SSTHX) at 0.75%. This indicates that PRCPX's price experiences larger fluctuations and is considered to be riskier than SSTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCPX | SSTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.75% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 1.52% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 2.49% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.79% | 3.08% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.45% | 3.51% | +1.94% |