PREMX vs. RPIFX
Compare and contrast key facts about T. Rowe Price Emerging Markets Bond Fund (PREMX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX).
PREMX is managed by T. Rowe Price. It was launched on Dec 29, 1994. RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREMX or RPIFX.
Key characteristics
| PREMX | RPIFX | |
|---|---|---|
| YTD Return | 6.11% | 7.69% |
| 1Y Return | 15.03% | 10.28% |
| 3Y Return (Ann) | -0.64% | 6.55% |
| 5Y Return (Ann) | 0.87% | 5.61% |
| 10Y Return (Ann) | 2.43% | 4.82% |
| Sharpe Ratio | 2.83 | 3.84 |
| Sortino Ratio | 4.58 | 12.82 |
| Omega Ratio | 1.58 | 4.07 |
| Calmar Ratio | 0.92 | 14.23 |
| Martin Ratio | 15.43 | 81.15 |
| Ulcer Index | 1.04% | 0.13% |
| Daily Std Dev | 5.65% | 2.74% |
| Max Drawdown | -45.00% | -22.53% |
| Current Drawdown | -4.90% | 0.00% |
Correlation
The correlation between PREMX and RPIFX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PREMX vs. RPIFX - Performance Comparison
In the year-to-date period, PREMX achieves a 6.11% return, which is significantly lower than RPIFX's 7.69% return. Over the past 10 years, PREMX has underperformed RPIFX with an annualized return of 2.43%, while RPIFX has yielded a comparatively higher 4.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PREMX vs. RPIFX - Expense Ratio Comparison
PREMX has a 0.99% expense ratio, which is higher than RPIFX's 0.57% expense ratio.
Risk-Adjusted Performance
PREMX vs. RPIFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Bond Fund (PREMX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX). 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.
Dividends
PREMX vs. RPIFX - Dividend Comparison
PREMX's dividend yield for the trailing twelve months is around 5.44%, less than RPIFX's 8.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREMX T. Rowe Price Emerging Markets Bond Fund | 5.44% | 5.11% | 5.22% | 4.64% | 4.55% | 5.14% | 5.29% | 6.29% | 6.45% | 6.58% | 6.00% | 5.68% |
RPIFX T. Rowe Price Institutional Floating Rate Fund | 8.67% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% | 4.21% |
Drawdowns
PREMX vs. RPIFX - Drawdown Comparison
The maximum PREMX drawdown since its inception was -45.00%, which is greater than RPIFX's maximum drawdown of -22.53%. Use the drawdown chart below to compare losses from any high point for PREMX and RPIFX. For additional features, visit the drawdowns tool.
Volatility
PREMX vs. RPIFX - Volatility Comparison
T. Rowe Price Emerging Markets Bond Fund (PREMX) has a higher volatility of 1.90% compared to T. Rowe Price Institutional Floating Rate Fund (RPIFX) at 0.83%. This indicates that PREMX's price experiences larger fluctuations and is considered to be riskier than RPIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.