PRFHX vs. FXIEX
Compare and contrast key facts about T. Rowe Price Tax Free High Yield Fund (PRFHX) and PIMCO Fixed Income SHares: Series TE (FXIEX).
PRFHX is managed by T. Rowe Price. It was launched on Feb 28, 1985. FXIEX is managed by PIMCO. It was launched on Jun 24, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRFHX or FXIEX.
Performance
PRFHX vs. FXIEX - Performance Comparison
Returns By Period
In the year-to-date period, PRFHX achieves a 6.47% return, which is significantly higher than FXIEX's 5.99% return. Over the past 10 years, PRFHX has underperformed FXIEX with an annualized return of 3.14%, while FXIEX has yielded a comparatively higher 3.87% annualized return.
PRFHX
6.47%
0.94%
4.76%
11.67%
1.71%
3.14%
FXIEX
5.99%
1.01%
3.82%
11.06%
3.13%
3.87%
Key characteristics
| PRFHX | FXIEX | |
|---|---|---|
| Sharpe Ratio | 2.88 | 2.84 |
| Sortino Ratio | 4.50 | 4.61 |
| Omega Ratio | 1.72 | 1.70 |
| Calmar Ratio | 0.98 | 1.95 |
| Martin Ratio | 15.08 | 15.09 |
| Ulcer Index | 0.77% | 0.73% |
| Daily Std Dev | 4.04% | 3.90% |
| Max Drawdown | -24.76% | -14.30% |
| Current Drawdown | -1.57% | -1.31% |
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PRFHX vs. FXIEX - Expense Ratio Comparison
PRFHX has a 0.63% expense ratio, which is higher than FXIEX's 0.07% expense ratio.
Correlation
The correlation between PRFHX and FXIEX is 0.66, 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.
Risk-Adjusted Performance
PRFHX vs. FXIEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Tax Free High Yield Fund (PRFHX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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
PRFHX vs. FXIEX - Dividend Comparison
PRFHX's dividend yield for the trailing twelve months is around 3.66%, less than FXIEX's 4.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFHX T. Rowe Price Tax Free High Yield Fund | 3.66% | 3.62% | 3.75% | 2.98% | 3.50% | 3.53% | 3.68% | 3.62% | 3.89% | 4.01% | 4.13% | 4.58% |
FXIEX PIMCO Fixed Income SHares: Series TE | 4.89% | 4.73% | 4.39% | 3.45% | 3.37% | 3.64% | 3.79% | 3.51% | 3.25% | 2.88% | 2.40% | 0.41% |
Drawdowns
PRFHX vs. FXIEX - Drawdown Comparison
The maximum PRFHX drawdown since its inception was -24.76%, which is greater than FXIEX's maximum drawdown of -14.30%. Use the drawdown chart below to compare losses from any high point for PRFHX and FXIEX. For additional features, visit the drawdowns tool.
Volatility
PRFHX vs. FXIEX - Volatility Comparison
T. Rowe Price Tax Free High Yield Fund (PRFHX) and PIMCO Fixed Income SHares: Series TE (FXIEX) have volatilities of 1.60% and 1.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.