PRHYX vs. DODIX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and Dodge & Cox Income Fund (DODIX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. DODIX is managed by Dodge & Cox.
Performance
PRHYX vs. DODIX - Performance Comparison
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PRHYX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | -0.25% | 14.35% | 7.24% | 13.68% | -12.48% | 5.22% | 4.99% | 14.69% | -3.30% | 7.40% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, PRHYX achieves a -0.25% return, which is significantly lower than DODIX's -0.19% return. Over the past 10 years, PRHYX has outperformed DODIX with an annualized return of 5.95%, while DODIX has yielded a comparatively lower 3.02% annualized return.
PRHYX
- 1D
- 0.17%
- 1M
- -1.84%
- YTD
- -0.25%
- 6M
- 3.02%
- 1Y
- 13.15%
- 3Y*
- 10.30%
- 5Y*
- 4.89%
- 10Y*
- 5.95%
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
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PRHYX vs. DODIX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Return for Risk
PRHYX vs. DODIX — Risk / Return Rank
PRHYX
DODIX
PRHYX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and Dodge & Cox Income Fund (DODIX). 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.
| PRHYX | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.31 | 1.15 | +2.16 |
Sortino ratioReturn per unit of downside risk | 5.19 | 1.65 | +3.54 |
Omega ratioGain probability vs. loss probability | 1.86 | 1.21 | +0.66 |
Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.02 | +2.29 |
Martin ratioReturn relative to average drawdown | 20.12 | 6.03 | +14.09 |
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
| PRHYX | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.31 | 1.15 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.25 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 0.69 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 1.47 | -0.16 |
Correlation
The correlation between PRHYX and DODIX is 0.20, 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.
Dividends
PRHYX vs. DODIX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 12.56%, more than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 12.56% | 11.80% | 7.12% | 6.27% | 4.68% | 5.09% | 5.19% | 5.48% | 6.25% | 5.49% | 6.02% | 6.45% |
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Drawdowns
PRHYX vs. DODIX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.79%, which is greater than DODIX's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for PRHYX and DODIX.
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Drawdown Indicators
| PRHYX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -16.89% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.94% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -16.89% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.10% | -16.89% | -5.21% |
Current DrawdownCurrent decline from peak | -1.84% | -2.32% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -1.50% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.98% | -0.32% |
Volatility
PRHYX vs. DODIX - Volatility Comparison
The current volatility for T. Rowe Price High Yield Fund (PRHYX) is 1.17%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.85%. This indicates that PRHYX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRHYX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.85% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.80% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 4.61% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 5.52% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 4.42% | +1.12% |