PRIPX vs. PRHYX
Compare and contrast key facts about T. Rowe Price Inflation Protected Bond Fund (PRIPX) and T. Rowe Price High Yield Fund (PRHYX).
PRIPX is managed by T. Rowe Price. It was launched on Oct 30, 2002. PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984.
Performance
PRIPX vs. PRHYX - Performance Comparison
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PRIPX vs. PRHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRIPX T. Rowe Price Inflation Protected Bond Fund | 0.29% | 11.53% | -1.27% | 2.57% | -12.76% | 5.45% | 11.07% | 10.31% | -1.33% | 2.75% |
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% |
Returns By Period
In the year-to-date period, PRIPX achieves a 0.29% return, which is significantly higher than PRHYX's -0.25% return. Over the past 10 years, PRIPX has underperformed PRHYX with an annualized return of 2.56%, while PRHYX has yielded a comparatively higher 5.95% annualized return.
PRIPX
- 1D
- 0.49%
- 1M
- -1.54%
- YTD
- 0.29%
- 6M
- 4.16%
- 1Y
- 7.39%
- 3Y*
- 3.22%
- 5Y*
- 1.09%
- 10Y*
- 2.56%
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%
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PRIPX vs. PRHYX - Expense Ratio Comparison
PRIPX has a 0.38% expense ratio, which is lower than PRHYX's 0.70% expense ratio.
Return for Risk
PRIPX vs. PRHYX — Risk / Return Rank
PRIPX
PRHYX
PRIPX vs. PRHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Inflation Protected Bond Fund (PRIPX) and T. Rowe Price High Yield Fund (PRHYX). 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.
| PRIPX | PRHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 3.31 | -1.87 |
Sortino ratioReturn per unit of downside risk | 2.64 | 5.19 | -2.55 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.86 | -0.51 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.31 | -1.20 |
Martin ratioReturn relative to average drawdown | 10.26 | 20.12 | -9.87 |
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
| PRIPX | PRHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 3.31 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.95 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 1.08 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.31 | -0.71 |
Correlation
The correlation between PRIPX and PRHYX is 0.10, 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
PRIPX vs. PRHYX - Dividend Comparison
PRIPX's dividend yield for the trailing twelve months is around 9.67%, less than PRHYX's 12.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRIPX T. Rowe Price Inflation Protected Bond Fund | 9.67% | 9.55% | 1.49% | 5.02% | 7.37% | 5.30% | 1.97% | 3.81% | 3.02% | 1.87% | 1.32% | 1.76% |
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% |
Drawdowns
PRIPX vs. PRHYX - Drawdown Comparison
The maximum PRIPX drawdown since its inception was -16.15%, smaller than the maximum PRHYX drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for PRIPX and PRHYX.
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Drawdown Indicators
| PRIPX | PRHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.15% | -30.79% | +14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -3.06% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | -16.43% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -16.15% | -22.10% | +5.95% |
Current DrawdownCurrent decline from peak | -2.08% | -1.84% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -3.71% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.66% | +0.17% |
Volatility
PRIPX vs. PRHYX - Volatility Comparison
T. Rowe Price Inflation Protected Bond Fund (PRIPX) has a higher volatility of 1.32% compared to T. Rowe Price High Yield Fund (PRHYX) at 1.17%. This indicates that PRIPX's price experiences larger fluctuations and is considered to be riskier than PRHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRIPX | PRHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.17% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 2.62% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 4.12% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.86% | 5.20% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 5.54% | +0.40% |