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PRFHX vs. PIMIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PRFHX and PIMIX is -0.09. 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.


-0.50.00.51.0
Correlation: -0.1

Performance

PRFHX vs. PIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Tax Free High Yield Fund (PRFHX) and PIMCO Income Fund Institutional Class (PIMIX). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
87.50%
217.74%
PRFHX
PIMIX

Key characteristics

Sharpe Ratio

PRFHX:

0.34

PIMIX:

2.11

Sortino Ratio

PRFHX:

0.47

PIMIX:

3.22

Omega Ratio

PRFHX:

1.09

PIMIX:

1.42

Calmar Ratio

PRFHX:

0.31

PIMIX:

3.11

Martin Ratio

PRFHX:

1.34

PIMIX:

9.40

Ulcer Index

PRFHX:

1.64%

PIMIX:

0.92%

Daily Std Dev

PRFHX:

6.51%

PIMIX:

4.13%

Max Drawdown

PRFHX:

-24.76%

PIMIX:

-13.39%

Current Drawdown

PRFHX:

-4.73%

PIMIX:

-0.93%

Returns By Period

In the year-to-date period, PRFHX achieves a -2.77% return, which is significantly lower than PIMIX's 2.62% return. Over the past 10 years, PRFHX has underperformed PIMIX with an annualized return of 2.53%, while PIMIX has yielded a comparatively higher 4.34% annualized return.


PRFHX

YTD

-2.77%

1M

-2.15%

6M

-2.73%

1Y

2.57%

5Y*

2.79%

10Y*

2.53%

PIMIX

YTD

2.62%

1M

0.14%

6M

3.45%

1Y

9.32%

5Y*

4.90%

10Y*

4.34%

*Annualized

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PRFHX vs. PIMIX - Expense Ratio Comparison

PRFHX has a 0.63% expense ratio, which is higher than PIMIX's 0.62% expense ratio.


Expense ratio chart for PRFHX: current value is 0.63%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PRFHX: 0.63%
Expense ratio chart for PIMIX: current value is 0.62%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PIMIX: 0.62%

Risk-Adjusted Performance

PRFHX vs. PIMIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRFHX
The Risk-Adjusted Performance Rank of PRFHX is 4444
Overall Rank
The Sharpe Ratio Rank of PRFHX is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of PRFHX is 3838
Sortino Ratio Rank
The Omega Ratio Rank of PRFHX is 4646
Omega Ratio Rank
The Calmar Ratio Rank of PRFHX is 4747
Calmar Ratio Rank
The Martin Ratio Rank of PRFHX is 4747
Martin Ratio Rank

PIMIX
The Risk-Adjusted Performance Rank of PIMIX is 9393
Overall Rank
The Sharpe Ratio Rank of PIMIX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of PIMIX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of PIMIX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of PIMIX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of PIMIX is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PRFHX vs. PIMIX - 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 Income Fund Institutional Class (PIMIX). 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.


The chart of Sharpe ratio for PRFHX, currently valued at 0.34, compared to the broader market-1.000.001.002.003.00
PRFHX: 0.34
PIMIX: 2.11
The chart of Sortino ratio for PRFHX, currently valued at 0.47, compared to the broader market-2.000.002.004.006.008.00
PRFHX: 0.47
PIMIX: 3.22
The chart of Omega ratio for PRFHX, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.00
PRFHX: 1.09
PIMIX: 1.42
The chart of Calmar ratio for PRFHX, currently valued at 0.31, compared to the broader market0.002.004.006.008.0010.00
PRFHX: 0.31
PIMIX: 3.11
The chart of Martin ratio for PRFHX, currently valued at 1.34, compared to the broader market0.0010.0020.0030.0040.00
PRFHX: 1.34
PIMIX: 9.40

The current PRFHX Sharpe Ratio is 0.34, which is lower than the PIMIX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of PRFHX and PIMIX, 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 Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.34
2.11
PRFHX
PIMIX

Dividends

PRFHX vs. PIMIX - Dividend Comparison

PRFHX's dividend yield for the trailing twelve months is around 3.98%, less than PIMIX's 6.21% yield.


TTM20242023202220212020201920182017201620152014
PRFHX
T. Rowe Price Tax Free High Yield Fund
3.98%3.80%3.62%3.75%2.98%3.50%3.53%3.68%3.62%3.89%4.01%4.13%
PIMIX
PIMCO Income Fund Institutional Class
6.21%6.27%6.21%6.40%4.02%4.89%5.86%5.68%5.41%5.57%7.84%6.30%

Drawdowns

PRFHX vs. PIMIX - Drawdown Comparison

The maximum PRFHX drawdown since its inception was -24.76%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for PRFHX and PIMIX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.73%
-0.93%
PRFHX
PIMIX

Volatility

PRFHX vs. PIMIX - Volatility Comparison

T. Rowe Price Tax Free High Yield Fund (PRFHX) has a higher volatility of 5.35% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.97%. This indicates that PRFHX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
5.35%
1.97%
PRFHX
PIMIX