PRSNX vs. DGFFX
PRSNX (T. Rowe Price Global Multi-Sector Bond Fund) and DGFFX (Destinations Global Fixed Income Opportunities Fund) are both Global Bonds funds. Over the past 5 years, PRSNX returned 2.93%/yr vs 3.74%/yr for DGFFX. Their 0.42 correlation means their historical movements had little consistent relationship. PRSNX charges 0.65%/yr vs 0.99%/yr for DGFFX.
Performance
PRSNX vs. DGFFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRSNX achieves a 2.16% return, which is significantly lower than DGFFX's 2.80% return.
PRSNX
- 1D
- 0.20%
- 1M
- -0.70%
- 6M
- 1.45%
- YTD
- 2.16%
- 1Y
- 4.79%
- 3Y*
- 8.80%
- 5Y*
- 2.93%
- 10Y*
- 4.18%
- ALL TIME*
- 5.51%
DGFFX
- 1D
- -0.11%
- 1M
- 0.00%
- 6M
- 1.93%
- YTD
- 2.80%
- 1Y
- 5.40%
- 3Y*
- 6.93%
- 5Y*
- 3.74%
- 10Y*
- —
- ALL TIME*
- 3.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRSNX vs. DGFFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 2.16% | 7.28% | 8.77% | 16.74% | -16.27% | 0.40% | 8.16% | 11.94% | 0.45% | 4.91% |
DGFFX Destinations Global Fixed Income Opportunities Fund | 2.80% | 5.84% | 8.04% | 7.82% | -6.09% | 4.91% | 3.59% | 6.64% | -0.35% | 3.57% |
Correlation
The correlation between PRSNX and DGFFX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017 | 0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRSNX vs. DGFFX — Risk / Return Rank
PRSNX
DGFFX
PRSNX vs. DGFFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and Destinations Global Fixed Income Opportunities Fund (DGFFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRSNX | DGFFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.75 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 5.53 | -3.37 |
| Martin ratioReturn relative to average drawdown | 8.88 | 24.96 | -16.08 |
Loading charts...
Drawdowns
PRSNX vs. DGFFX - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.70%, which is greater than DGFFX's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for PRSNX and DGFFX.
Loading charts...
Drawdown Indicators
| PRSNX | DGFFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -12.69% | -7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -1.19% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -3.38% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.70% | -8.17% | -11.53% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.32% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -1.30% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.24% | +0.28% |
Volatility
PRSNX vs. DGFFX - Volatility Comparison
T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and Destinations Global Fixed Income Opportunities Fund (DGFFX) have volatilities of 0.44% and 0.45%, 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.
Loading charts...
Volatility by Period
| PRSNX | DGFFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.45% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 1.51% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 2.03% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 2.43% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 2.59% | +1.57% |
PRSNX vs. DGFFX - Expense Ratio Comparison
PRSNX has a 0.65% expense ratio, which is lower than DGFFX's 0.99% expense ratio.
Dividends
PRSNX vs. DGFFX - Dividend Comparison
PRSNX's dividend yield for the trailing twelve months is around 5.21%, less than DGFFX's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGFFX Destinations Global Fixed Income Opportunities Fund | 6.84% | 5.52% | 6.81% | 4.95% | 3.37% | 4.14% | 4.22% | 4.18% | 3.79% | 2.94% | 0.00% | 0.00% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 5.21% | 6.00% | 9.32% | 8.39% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
Frequently Asked Questions
PRSNX and DGFFX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGFFX has higher volatility (0.45%) compared to PRSNX (0.44%). In terms of maximum drawdown, PRSNX dropped -19.70% vs DGFFX's -12.69%.
DGFFX currently has the higher Sharpe Ratio (3.25 vs 1.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PRSNX and DGFFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer