PRPIX vs. FCBAX
Compare and contrast key facts about T. Rowe Price Corporate Income Fund (PRPIX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX).
PRPIX is managed by T. Rowe Price. It was launched on Oct 31, 1995. FCBAX is managed by Fidelity. It was launched on May 4, 2010.
Performance
PRPIX vs. FCBAX - Performance Comparison
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PRPIX vs. FCBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRPIX T. Rowe Price Corporate Income Fund | -0.95% | 11.87% | 3.20% | 8.81% | -17.71% | -0.76% | 7.87% | 15.77% | -3.05% | 6.58% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | -1.25% | 7.51% | 2.21% | 8.10% | -17.32% | -1.85% | 10.46% | 14.11% | -2.90% | 6.47% |
Returns By Period
In the year-to-date period, PRPIX achieves a -0.95% return, which is significantly higher than FCBAX's -1.25% return. Over the past 10 years, PRPIX has outperformed FCBAX with an annualized return of 2.89%, while FCBAX has yielded a comparatively lower 2.48% annualized return.
PRPIX
- 1D
- 0.50%
- 1M
- -2.80%
- YTD
- -0.95%
- 6M
- 1.06%
- 1Y
- 8.14%
- 3Y*
- 6.22%
- 5Y*
- 1.16%
- 10Y*
- 2.89%
FCBAX
- 1D
- 0.57%
- 1M
- -2.76%
- YTD
- -1.25%
- 6M
- -0.55%
- 1Y
- 3.77%
- 3Y*
- 4.28%
- 5Y*
- 0.03%
- 10Y*
- 2.48%
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PRPIX vs. FCBAX - Expense Ratio Comparison
PRPIX has a 0.56% expense ratio, which is lower than FCBAX's 0.77% expense ratio.
Return for Risk
PRPIX vs. FCBAX — Risk / Return Rank
PRPIX
FCBAX
PRPIX vs. FCBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Corporate Income Fund (PRPIX) and Fidelity Advisor Corporate Bond Fund Class A (FCBAX). 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.
| PRPIX | FCBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 0.91 | +0.92 |
Sortino ratioReturn per unit of downside risk | 2.64 | 1.27 | +1.37 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.45 | +1.09 |
Martin ratioReturn relative to average drawdown | 9.06 | 4.62 | +4.44 |
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
| PRPIX | FCBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.91 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.01 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.42 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.63 | +0.24 |
Correlation
The correlation between PRPIX and FCBAX is 0.95, 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
PRPIX vs. FCBAX - Dividend Comparison
PRPIX's dividend yield for the trailing twelve months is around 8.71%, more than FCBAX's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRPIX T. Rowe Price Corporate Income Fund | 8.71% | 8.26% | 5.18% | 4.13% | 2.42% | 5.61% | 3.82% | 5.47% | 3.47% | 3.95% | 3.20% | 4.23% |
FCBAX Fidelity Advisor Corporate Bond Fund Class A | 3.56% | 3.79% | 3.35% | 3.13% | 2.27% | 2.55% | 3.09% | 2.96% | 3.29% | 2.83% | 3.19% | 2.69% |
Drawdowns
PRPIX vs. FCBAX - Drawdown Comparison
The maximum PRPIX drawdown since its inception was -24.24%, roughly equal to the maximum FCBAX drawdown of -23.56%. Use the drawdown chart below to compare losses from any high point for PRPIX and FCBAX.
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Drawdown Indicators
| PRPIX | FCBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.24% | -23.56% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -3.31% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.24% | -23.44% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -24.24% | -23.56% | -0.68% |
Current DrawdownCurrent decline from peak | -2.80% | -4.81% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -4.34% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.04% | -0.03% |
Volatility
PRPIX vs. FCBAX - Volatility Comparison
The current volatility for T. Rowe Price Corporate Income Fund (PRPIX) is 1.72%, while Fidelity Advisor Corporate Bond Fund Class A (FCBAX) has a volatility of 1.85%. This indicates that PRPIX experiences smaller price fluctuations and is considered to be less risky than FCBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRPIX | FCBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.85% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.87% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 4.78% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 6.68% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 5.93% | +0.08% |