PRSIX vs. FXNAX
Compare and contrast key facts about T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and Fidelity U.S. Bond Index Fund (FXNAX).
PRSIX is managed by T. Rowe Price. It was launched on Jul 28, 1994. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRSIX or FXNAX.
Performance
PRSIX vs. FXNAX - Performance Comparison
Returns By Period
In the year-to-date period, PRSIX achieves a 9.74% return, which is significantly higher than FXNAX's 1.62% return. Over the past 10 years, PRSIX has outperformed FXNAX with an annualized return of 5.35%, while FXNAX has yielded a comparatively lower 1.25% annualized return.
PRSIX
9.74%
0.90%
4.92%
14.31%
5.32%
5.35%
FXNAX
1.62%
-0.58%
3.21%
6.17%
-0.52%
1.25%
Key characteristics
| PRSIX | FXNAX | |
|---|---|---|
| Sharpe Ratio | 2.61 | 0.89 |
| Sortino Ratio | 3.86 | 1.33 |
| Omega Ratio | 1.51 | 1.16 |
| Calmar Ratio | 1.74 | 0.35 |
| Martin Ratio | 17.59 | 2.73 |
| Ulcer Index | 0.81% | 1.84% |
| Daily Std Dev | 5.49% | 5.69% |
| Max Drawdown | -29.56% | -19.64% |
| Current Drawdown | -0.44% | -10.08% |
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PRSIX vs. FXNAX - Expense Ratio Comparison
PRSIX has a 0.36% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Correlation
The correlation between PRSIX and FXNAX is 0.02, 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.
Risk-Adjusted Performance
PRSIX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
Dividends
PRSIX vs. FXNAX - Dividend Comparison
PRSIX's dividend yield for the trailing twelve months is around 3.62%, more than FXNAX's 3.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSIX T. Rowe Price Spectrum Conservative Allocation Fund | 3.62% | 3.77% | 2.19% | 1.31% | 1.35% | 2.30% | 2.28% | 1.69% | 2.00% | 2.14% | 2.04% | 1.85% |
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
PRSIX vs. FXNAX - Drawdown Comparison
The maximum PRSIX drawdown since its inception was -29.56%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for PRSIX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
PRSIX vs. FXNAX - Volatility Comparison
T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX) and Fidelity U.S. Bond Index Fund (FXNAX) have volatilities of 1.44% and 1.44%, 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.