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PREMX vs. TRBUX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PREMX vs. TRBUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Emerging Markets Bond Fund (PREMX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.32%
3.05%
PREMX
TRBUX

Returns By Period

In the year-to-date period, PREMX achieves a 5.88% return, which is significantly higher than TRBUX's 5.38% return. Both investments have delivered pretty close results over the past 10 years, with PREMX having a 2.33% annualized return and TRBUX not far ahead at 2.40%.


PREMX

YTD

5.88%

1M

-0.49%

6M

3.86%

1Y

13.18%

5Y (annualized)

0.88%

10Y (annualized)

2.33%

TRBUX

YTD

5.38%

1M

0.23%

6M

3.05%

1Y

6.67%

5Y (annualized)

2.85%

10Y (annualized)

2.40%

Key characteristics


PREMXTRBUX
Sharpe Ratio2.443.89
Sortino Ratio3.9410.18
Omega Ratio1.494.07
Calmar Ratio0.8534.54
Martin Ratio12.5868.63
Ulcer Index1.09%0.10%
Daily Std Dev5.61%1.77%
Max Drawdown-45.00%-4.15%
Current Drawdown-5.11%-0.20%

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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.


PREMX
T. Rowe Price Emerging Markets Bond Fund
Expense ratio chart for PREMX: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for TRBUX: current value at 0.31% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.31%

Correlation

-0.50.00.51.00.2

The correlation between PREMX and TRBUX is 0.25, 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.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for PREMX, currently valued at 2.44, compared to the broader market-1.000.001.002.003.004.005.002.443.89
The chart of Sortino ratio for PREMX, currently valued at 3.94, compared to the broader market0.005.0010.003.9410.18
The chart of Omega ratio for PREMX, currently valued at 1.49, compared to the broader market1.002.003.004.001.494.07
The chart of Calmar ratio for PREMX, currently valued at 0.85, compared to the broader market0.005.0010.0015.0020.0025.000.8534.54
The chart of Martin ratio for PREMX, currently valued at 12.58, compared to the broader market0.0020.0040.0060.0080.00100.0012.5868.63
PREMX
TRBUX

The current PREMX Sharpe Ratio is 2.44, which is lower than the TRBUX Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of PREMX and TRBUX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
2.44
3.89
PREMX
TRBUX

Dividends

PREMX vs. TRBUX - Dividend Comparison

PREMX's dividend yield for the trailing twelve months is around 5.45%, more than TRBUX's 5.03% yield.


TTM20232022202120202019201820172016201520142013
PREMX
T. Rowe Price Emerging Markets Bond Fund
5.45%5.11%5.22%4.64%4.55%5.14%5.29%6.29%6.45%6.58%6.00%5.68%
TRBUX
T. Rowe Price Ultra Short-Term Bond Fund
5.03%4.02%1.97%1.11%1.83%2.72%2.58%1.88%1.20%0.80%0.42%0.06%

Drawdowns

PREMX vs. TRBUX - Drawdown Comparison

The maximum PREMX drawdown since its inception was -45.00%, 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. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.11%
-0.20%
PREMX
TRBUX

Volatility

PREMX vs. TRBUX - Volatility Comparison

T. Rowe Price Emerging Markets Bond Fund (PREMX) has a higher volatility of 1.80% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.62%. 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.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.80%
0.62%
PREMX
TRBUX