PRGMX vs. OGVCX
Compare and contrast key facts about T. Rowe Price GNMA Fund (PRGMX) and JPMorgan Government Bond Fund Class C (OGVCX).
PRGMX is managed by T. Rowe Price. It was launched on Nov 25, 1985. OGVCX is managed by JPMorgan.
Performance
PRGMX vs. OGVCX - Performance Comparison
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PRGMX vs. OGVCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRGMX T. Rowe Price GNMA Fund | 0.62% | 10.46% | 0.92% | 5.62% | -11.45% | -2.18% | 4.21% | 5.18% | 0.58% | 1.23% |
OGVCX JPMorgan Government Bond Fund Class C | -0.52% | 5.99% | 0.61% | 3.50% | -12.55% | -3.00% | 5.95% | 5.76% | -0.05% | 1.45% |
Returns By Period
In the year-to-date period, PRGMX achieves a 0.62% return, which is significantly higher than OGVCX's -0.52% return. Over the past 10 years, PRGMX has outperformed OGVCX with an annualized return of 1.38%, while OGVCX has yielded a comparatively lower 0.36% annualized return.
PRGMX
- 1D
- 0.49%
- 1M
- -2.15%
- YTD
- 0.62%
- 6M
- 2.89%
- 1Y
- 8.10%
- 3Y*
- 4.70%
- 5Y*
- 0.69%
- 10Y*
- 1.38%
OGVCX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.52%
- 6M
- 0.35%
- 1Y
- 2.79%
- 3Y*
- 2.27%
- 5Y*
- -0.75%
- 10Y*
- 0.36%
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PRGMX vs. OGVCX - Expense Ratio Comparison
PRGMX has a 0.58% expense ratio, which is lower than OGVCX's 1.39% expense ratio.
Return for Risk
PRGMX vs. OGVCX — Risk / Return Rank
PRGMX
OGVCX
PRGMX vs. OGVCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price GNMA Fund (PRGMX) and JPMorgan Government Bond Fund Class C (OGVCX). 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.
| PRGMX | OGVCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 0.72 | +1.08 |
Sortino ratioReturn per unit of downside risk | 2.59 | 1.05 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.13 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.33 | +1.82 |
Martin ratioReturn relative to average drawdown | 9.25 | 3.66 | +5.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRGMX | OGVCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.72 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.14 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.08 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.55 | +0.38 |
Correlation
The correlation between PRGMX and OGVCX is 0.78, 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.
Dividends
PRGMX vs. OGVCX - Dividend Comparison
PRGMX's dividend yield for the trailing twelve months is around 6.91%, more than OGVCX's 2.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRGMX T. Rowe Price GNMA Fund | 6.91% | 6.52% | 3.54% | 3.54% | 1.38% | 0.59% | 1.44% | 2.39% | 2.78% | 2.98% | 2.88% | 3.12% |
OGVCX JPMorgan Government Bond Fund Class C | 2.34% | 2.24% | 2.10% | 1.82% | 1.21% | 0.58% | 0.95% | 1.49% | 1.57% | 1.54% | 1.76% | 2.90% |
Drawdowns
PRGMX vs. OGVCX - Drawdown Comparison
The maximum PRGMX drawdown since its inception was -18.22%, smaller than the maximum OGVCX drawdown of -19.66%. Use the drawdown chart below to compare losses from any high point for PRGMX and OGVCX.
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Drawdown Indicators
| PRGMX | OGVCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.22% | -19.66% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.74% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.70% | -18.01% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -18.22% | -19.66% | +1.44% |
Current DrawdownCurrent decline from peak | -2.15% | -7.96% | +5.81% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -3.51% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.00% | 0.00% |
Volatility
PRGMX vs. OGVCX - Volatility Comparison
T. Rowe Price GNMA Fund (PRGMX) has a higher volatility of 1.75% compared to JPMorgan Government Bond Fund Class C (OGVCX) at 1.44%. This indicates that PRGMX's price experiences larger fluctuations and is considered to be riskier than OGVCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRGMX | OGVCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.44% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.56% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 4.17% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 5.56% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 4.57% | +0.16% |