PRHYX vs. RPSIX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and T. Rowe Price Spectrum Income Fund (RPSIX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. RPSIX is managed by T. Rowe Price. It was launched on Jun 28, 1990.
Performance
PRHYX vs. RPSIX - Performance Comparison
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PRHYX vs. RPSIX - 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% |
RPSIX T. Rowe Price Spectrum Income Fund | -0.87% | 11.58% | 4.22% | 8.55% | -11.40% | 2.60% | 6.07% | 11.57% | -2.61% | 7.03% |
Returns By Period
In the year-to-date period, PRHYX achieves a -0.25% return, which is significantly higher than RPSIX's -0.87% return. Over the past 10 years, PRHYX has outperformed RPSIX with an annualized return of 5.95%, while RPSIX has yielded a comparatively lower 3.88% 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%
RPSIX
- 1D
- 0.18%
- 1M
- -2.36%
- YTD
- -0.87%
- 6M
- 1.96%
- 1Y
- 8.32%
- 3Y*
- 6.63%
- 5Y*
- 2.60%
- 10Y*
- 3.88%
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PRHYX vs. RPSIX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than RPSIX's 0.62% expense ratio.
Return for Risk
PRHYX vs. RPSIX — Risk / Return Rank
PRHYX
RPSIX
PRHYX vs. RPSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and T. Rowe Price Spectrum Income Fund (RPSIX). 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 | RPSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.31 | 2.69 | +0.62 |
Sortino ratioReturn per unit of downside risk | 5.19 | 4.26 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.86 | 1.61 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 4.31 | 3.32 | +0.99 |
Martin ratioReturn relative to average drawdown | 20.12 | 13.49 | +6.64 |
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 | RPSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.31 | 2.69 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.59 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 0.86 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.31 | 1.49 | -0.18 |
Correlation
The correlation between PRHYX and RPSIX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PRHYX vs. RPSIX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 12.56%, more than RPSIX's 9.12% 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% |
RPSIX T. Rowe Price Spectrum Income Fund | 9.12% | 8.95% | 5.23% | 4.83% | 3.99% | 3.92% | 3.64% | 3.79% | 4.73% | 3.91% | 3.75% | 4.71% |
Drawdowns
PRHYX vs. RPSIX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.79%, which is greater than RPSIX's maximum drawdown of -16.73%. Use the drawdown chart below to compare losses from any high point for PRHYX and RPSIX.
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Drawdown Indicators
| PRHYX | RPSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -16.73% | -14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.54% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -16.73% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -22.10% | -16.73% | -5.37% |
Current DrawdownCurrent decline from peak | -1.84% | -2.36% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -1.70% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.62% | +0.04% |
Volatility
PRHYX vs. RPSIX - Volatility Comparison
T. Rowe Price High Yield Fund (PRHYX) and T. Rowe Price Spectrum Income Fund (RPSIX) have volatilities of 1.17% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRHYX | RPSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.17% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.27% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 3.37% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 4.47% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 4.53% | +1.01% |