Correlation
The correlation between PREMX and TRBUX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
PREMX vs. TRBUX
Compare and contrast key facts about T. Rowe Price Emerging Markets Bond Fund (PREMX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
PREMX is managed by T. Rowe Price. It was launched on Dec 29, 1994. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PREMX or TRBUX.
Performance
PREMX vs. TRBUX - Performance Comparison
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Key characteristics
PREMX:
1.11
TRBUX:
3.53
PREMX:
1.42
TRBUX:
9.07
PREMX:
1.19
TRBUX:
3.87
PREMX:
0.57
TRBUX:
14.62
PREMX:
3.57
TRBUX:
50.30
PREMX:
1.55%
TRBUX:
0.12%
PREMX:
5.66%
TRBUX:
1.65%
PREMX:
-43.22%
TRBUX:
-4.15%
PREMX:
-3.39%
TRBUX:
0.00%
Returns By Period
In the year-to-date period, PREMX achieves a 1.49% return, which is significantly lower than TRBUX's 1.60% return. Both investments have delivered pretty close results over the past 10 years, with PREMX having a 2.64% annualized return and TRBUX not far ahead at 2.72%.
PREMX
1.49%
0.61%
1.70%
6.21%
6.44%
2.81%
2.64%
TRBUX
1.60%
0.59%
2.66%
5.79%
5.05%
3.45%
2.72%
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PREMX vs. TRBUX - Expense Ratio Comparison
PREMX has a 0.99% expense ratio, which is higher than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
PREMX vs. TRBUX — Risk-Adjusted Performance Rank
PREMX
TRBUX
PREMX vs. TRBUX - 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 Ultra Short-Term Bond Fund (TRBUX). 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.
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Dividends
PREMX vs. TRBUX - Dividend Comparison
PREMX's dividend yield for the trailing twelve months is around 5.97%, more than TRBUX's 5.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREMX T. Rowe Price Emerging Markets Bond Fund | 5.97% | 5.68% | 5.11% | 5.22% | 4.64% | 4.55% | 5.14% | 5.29% | 7.01% | 6.45% | 6.58% | 6.66% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 5.02% | 5.06% | 4.02% | 2.28% | 1.53% | 1.95% | 2.72% | 2.62% | 1.88% | 1.20% | 0.80% | 0.48% |
Drawdowns
PREMX vs. TRBUX - Drawdown Comparison
The maximum PREMX drawdown since its inception was -43.22%, which is greater than TRBUX's maximum drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for PREMX and TRBUX.
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Volatility
PREMX vs. TRBUX - Volatility Comparison
T. Rowe Price Emerging Markets Bond Fund (PREMX) has a higher volatility of 1.50% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.52%. This indicates that PREMX's price experiences larger fluctuations and is considered to be riskier than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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