PRCPX vs. TUHIX
PRCPX (T. Rowe Price Credit Opportunities Fund) and TUHIX (T. Rowe Price U.S. High Yield Fund) are both High Yield Bonds funds from T. Rowe Price. Over the past 10 years, PRCPX returned 7.06%/yr vs 4.44%/yr for TUHIX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. PRCPX charges 0.81%/yr vs 0.61%/yr for TUHIX.
Performance
PRCPX vs. TUHIX - Performance Comparison
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Returns By Period
In the year-to-date period, PRCPX achieves a 1.69% return, which is significantly higher than TUHIX's 0.42% return. Over the past 10 years, PRCPX has outperformed TUHIX with an annualized return of 7.06%, while TUHIX has yielded a comparatively lower 4.44% annualized return.
PRCPX
- 1D
- 0.13%
- 1M
- -0.88%
- 6M
- 1.24%
- YTD
- 1.69%
- 1Y
- 5.23%
- 3Y*
- 11.84%
- 5Y*
- 7.14%
- 10Y*
- 7.06%
- ALL TIME*
- 5.34%
TUHIX
- 1D
- 0.12%
- 1M
- -0.96%
- 6M
- 0.07%
- YTD
- 0.42%
- 1Y
- 4.11%
- 3Y*
- 7.01%
- 5Y*
- 2.48%
- 10Y*
- 4.44%
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRCPX vs. TUHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 1.69% | 10.78% | 14.01% | 20.68% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
TUHIX T. Rowe Price U.S. High Yield Fund | 0.42% | 8.25% | 8.49% | 12.94% | -16.22% | 5.02% | 7.19% | 16.18% | -3.68% | 6.54% |
Correlation
The correlation between PRCPX and TUHIX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 1, 2014 | 0.80 |
The correlation between PRCPX and TUHIX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
PRCPX vs. TUHIX — Risk / Return Rank
PRCPX
TUHIX
PRCPX vs. TUHIX - 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. High Yield Fund (TUHIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRCPX | TUHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.46 | +1.05 |
| Martin ratioReturn relative to average drawdown | 10.79 | 6.43 | +4.36 |
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Drawdowns
PRCPX vs. TUHIX - Drawdown Comparison
The maximum PRCPX drawdown since its inception was -23.07%, roughly equal to the maximum TUHIX drawdown of -22.46%. Use the drawdown chart below to compare losses from any high point for PRCPX and TUHIX.
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Drawdown Indicators
| PRCPX | TUHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.07% | -22.46% | -0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.99% | -2.74% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -4.41% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -19.41% | +5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -23.07% | -22.46% | -0.61% |
Current DrawdownCurrent decline from peak | -1.00% | -0.96% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -4.56% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.61% | -0.15% |
Volatility
PRCPX vs. TUHIX - Volatility Comparison
T. Rowe Price Credit Opportunities Fund (PRCPX) has a higher volatility of 0.71% compared to T. Rowe Price U.S. High Yield Fund (TUHIX) at 0.67%. This indicates that PRCPX's price experiences larger fluctuations and is considered to be riskier than TUHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRCPX | TUHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.67% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.65% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.50% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 5.09% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 5.76% | -0.28% |
PRCPX vs. TUHIX - Expense Ratio Comparison
PRCPX has a 0.81% expense ratio, which is higher than TUHIX's 0.61% expense ratio.
Dividends
PRCPX vs. TUHIX - Dividend Comparison
PRCPX's dividend yield for the trailing twelve months is around 6.95%, more than TUHIX's 5.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCPX T. Rowe Price Credit Opportunities Fund | 6.95% | 8.65% | 12.91% | 12.59% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
TUHIX T. Rowe Price U.S. High Yield Fund | 5.92% | 7.38% | 7.49% | 6.31% | 5.57% | 6.36% | 5.87% | 5.81% | 6.66% | 4.24% | 0.00% | 0.00% |
Frequently Asked Questions
PRCPX and TUHIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRCPX has higher volatility (0.71%) compared to TUHIX (0.67%). In terms of maximum drawdown, PRCPX dropped -23.07% vs TUHIX's -22.46%.
PRCPX currently has the higher Sharpe Ratio (1.57 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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