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.
Key characteristics
| PREMX | TRBUX | |
|---|---|---|
| YTD Return | 7.03% | 5.59% |
| 1Y Return | 16.44% | 7.09% |
| 3Y Return (Ann) | -0.53% | 3.55% |
| 5Y Return (Ann) | 1.03% | 2.93% |
| 10Y Return (Ann) | 2.48% | 2.42% |
| Sharpe Ratio | 2.84 | 4.14 |
| Sortino Ratio | 4.63 | 12.27 |
| Omega Ratio | 1.58 | 5.34 |
| Calmar Ratio | 0.89 | 35.60 |
| Martin Ratio | 15.73 | 73.62 |
| Ulcer Index | 1.02% | 0.10% |
| Daily Std Dev | 5.64% | 1.71% |
| Max Drawdown | -45.00% | -4.15% |
| Current Drawdown | -4.08% | 0.00% |
Correlation
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.
Performance
PREMX vs. TRBUX - Performance Comparison
In the year-to-date period, PREMX achieves a 7.03% return, which is significantly higher than TRBUX's 5.59% return. Both investments have delivered pretty close results over the past 10 years, with PREMX having a 2.48% annualized return and TRBUX not far behind at 2.42%. 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. 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 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.
Dividends
PREMX vs. TRBUX - Dividend Comparison
PREMX's dividend yield for the trailing twelve months is around 5.39%, more than TRBUX's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREMX T. Rowe Price Emerging Markets Bond Fund | 5.39% | 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 | 5.02% | 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.
Volatility
PREMX vs. TRBUX - Volatility Comparison
T. Rowe Price Emerging Markets Bond Fund (PREMX) has a higher volatility of 1.81% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.41%. 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.