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.
Correlation
The correlation between PRFHX and FXIEX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PRFHX vs. FXIEX - Performance Comparison
Key characteristics
PRFHX:
2.53
FXIEX:
1.70
PRFHX:
3.67
FXIEX:
2.49
PRFHX:
1.58
FXIEX:
1.37
PRFHX:
3.42
FXIEX:
2.20
PRFHX:
10.29
FXIEX:
6.42
PRFHX:
1.02%
FXIEX:
1.04%
PRFHX:
4.14%
FXIEX:
3.93%
PRFHX:
-24.76%
FXIEX:
-14.30%
PRFHX:
-1.73%
FXIEX:
-1.61%
Returns By Period
In the year-to-date period, PRFHX achieves a 0.09% return, which is significantly lower than FXIEX's 0.31% return. Over the past 10 years, PRFHX has outperformed FXIEX with an annualized return of 5.40%, while FXIEX has yielded a comparatively lower 3.83% annualized return.
PRFHX
0.09%
0.75%
2.43%
10.14%
4.60%
5.40%
FXIEX
0.31%
0.93%
1.71%
6.43%
2.68%
3.83%
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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.
Risk-Adjusted Performance
PRFHX vs. FXIEX — Risk-Adjusted Performance Rank
PRFHX
FXIEX
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 6.88%, more than FXIEX's 4.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFHX T. Rowe Price Tax Free High Yield Fund | 6.58% | 6.89% | 7.25% | 7.51% | 5.72% | 6.93% | 7.05% | 6.46% | 6.05% | 3.89% | 4.01% | 4.13% |
FXIEX PIMCO Fixed Income SHares: Series TE | 4.89% | 4.91% | 4.73% | 4.39% | 3.45% | 3.37% | 3.64% | 3.79% | 3.51% | 3.25% | 2.88% | 2.40% |
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) has a higher volatility of 1.17% compared to PIMCO Fixed Income SHares: Series TE (FXIEX) at 1.08%. This indicates that PRFHX's price experiences larger fluctuations and is considered to be riskier than FXIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.