PRPIX vs. FCBTX
Compare and contrast key facts about T. Rowe Price Corporate Income Fund (PRPIX) and Fidelity Advisor Corporate Bond Fund Class M (FCBTX).
PRPIX is managed by T. Rowe Price. It was launched on Oct 31, 1995. FCBTX is managed by Fidelity. It was launched on May 4, 2010.
Performance
PRPIX vs. FCBTX - Performance Comparison
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PRPIX vs. FCBTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRPIX T. Rowe Price Corporate Income Fund | -0.57% | 11.87% | 3.20% | 8.81% | -17.71% | -0.76% | 7.87% | 15.77% | -3.05% | 6.58% |
FCBTX Fidelity Advisor Corporate Bond Fund Class M | -0.98% | 7.48% | 2.16% | 8.07% | -17.35% | -1.88% | 10.41% | 14.02% | -2.98% | 6.37% |
Returns By Period
In the year-to-date period, PRPIX achieves a -0.57% return, which is significantly higher than FCBTX's -0.98% return. Over the past 10 years, PRPIX has outperformed FCBTX with an annualized return of 2.93%, while FCBTX has yielded a comparatively lower 2.45% annualized return.
PRPIX
- 1D
- 0.38%
- 1M
- -1.96%
- YTD
- -0.57%
- 6M
- 1.19%
- 1Y
- 8.15%
- 3Y*
- 6.35%
- 5Y*
- 1.13%
- 10Y*
- 2.93%
FCBTX
- 1D
- 0.28%
- 1M
- -1.94%
- YTD
- -0.98%
- 6M
- -0.56%
- 1Y
- 3.75%
- 3Y*
- 4.34%
- 5Y*
- -0.06%
- 10Y*
- 2.45%
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PRPIX vs. FCBTX - Expense Ratio Comparison
PRPIX has a 0.56% expense ratio, which is lower than FCBTX's 0.81% expense ratio.
Return for Risk
PRPIX vs. FCBTX — Risk / Return Rank
PRPIX
FCBTX
PRPIX vs. FCBTX - 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 M (FCBTX). 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 | FCBTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 0.83 | +0.98 |
Sortino ratioReturn per unit of downside risk | 2.60 | 1.16 | +1.44 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 1.38 | +1.15 |
Martin ratioReturn relative to average drawdown | 8.96 | 4.36 | +4.59 |
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 | FCBTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.83 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.01 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.41 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.63 | +0.25 |
Correlation
The correlation between PRPIX and FCBTX 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. FCBTX - Dividend Comparison
PRPIX's dividend yield for the trailing twelve months is around 8.67%, more than FCBTX's 3.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRPIX T. Rowe Price Corporate Income Fund | 8.67% | 8.26% | 5.18% | 4.13% | 2.42% | 5.61% | 3.82% | 5.47% | 3.47% | 3.95% | 3.20% | 4.23% |
FCBTX Fidelity Advisor Corporate Bond Fund Class M | 3.52% | 3.76% | 3.30% | 3.10% | 2.23% | 2.53% | 3.04% | 2.89% | 3.21% | 2.74% | 3.09% | 2.62% |
Drawdowns
PRPIX vs. FCBTX - Drawdown Comparison
The maximum PRPIX drawdown since its inception was -24.24%, roughly equal to the maximum FCBTX drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for PRPIX and FCBTX.
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Drawdown Indicators
| PRPIX | FCBTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.24% | -23.60% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.59% | -3.31% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.24% | -23.47% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -24.24% | -23.60% | -0.64% |
Current DrawdownCurrent decline from peak | -2.44% | -4.71% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -4.38% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.05% | -0.03% |
Volatility
PRPIX vs. FCBTX - Volatility Comparison
The current volatility for T. Rowe Price Corporate Income Fund (PRPIX) is 1.75%, while Fidelity Advisor Corporate Bond Fund Class M (FCBTX) has a volatility of 1.90%. This indicates that PRPIX experiences smaller price fluctuations and is considered to be less risky than FCBTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRPIX | FCBTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.90% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 2.91% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.79% | 4.83% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 6.69% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 5.94% | +0.07% |