PRHYX vs. BLV
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and Vanguard Long-Term Bond ETF (BLV).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRHYX or BLV.
Correlation
The correlation between PRHYX and BLV is 0.06, 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
PRHYX vs. BLV - Performance Comparison
Key characteristics
PRHYX:
1.55
BLV:
0.50
PRHYX:
2.38
BLV:
0.77
PRHYX:
1.34
BLV:
1.09
PRHYX:
2.46
BLV:
0.17
PRHYX:
9.39
BLV:
1.06
PRHYX:
0.61%
BLV:
5.22%
PRHYX:
3.73%
BLV:
11.05%
PRHYX:
-30.81%
BLV:
-38.29%
PRHYX:
-2.35%
BLV:
-25.44%
Returns By Period
In the year-to-date period, PRHYX achieves a -0.42% return, which is significantly lower than BLV's 5.31% return. Over the past 10 years, PRHYX has outperformed BLV with an annualized return of 4.25%, while BLV has yielded a comparatively lower 1.08% annualized return.
PRHYX
-0.42%
-2.18%
0.09%
5.77%
6.96%
4.25%
BLV
5.31%
1.40%
-1.04%
5.08%
-3.46%
1.08%
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PRHYX vs. BLV - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than BLV's 0.04% expense ratio.
Risk-Adjusted Performance
PRHYX vs. BLV — Risk-Adjusted Performance Rank
PRHYX
BLV
PRHYX vs. BLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and Vanguard Long-Term Bond ETF (BLV). 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
PRHYX vs. BLV - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 6.20%, more than BLV's 4.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 6.20% | 6.56% | 6.29% | 6.13% | 5.08% | 5.19% | 5.49% | 6.26% | 5.49% | 5.73% | 6.46% | 6.39% |
BLV Vanguard Long-Term Bond ETF | 4.48% | 4.68% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% |
Drawdowns
PRHYX vs. BLV - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.81%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for PRHYX and BLV. For additional features, visit the drawdowns tool.
Volatility
PRHYX vs. BLV - Volatility Comparison
The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 1.41%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 2.48%. This indicates that PRHYX experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.