PRSNX vs. DGSFX
PRSNX (T. Rowe Price Global Multi-Sector Bond Fund) and DGSFX (DFA Global Sustainability Fixed Income Portfolio) are both Global Bonds funds. Over the past 5 years, PRSNX returned 2.13%/yr vs -0.13%/yr for DGSFX. A 0.69 correlation means they provide meaningful diversification when combined. PRSNX charges 0.65%/yr vs 0.26%/yr for DGSFX.
Performance
PRSNX vs. DGSFX - Performance Comparison
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Returns By Period
In the year-to-date period, PRSNX achieves a 1.72% return, which is significantly higher than DGSFX's 1.30% return.
PRSNX
- 1D
- -0.20%
- 1M
- 0.69%
- YTD
- 1.72%
- 6M
- 3.14%
- 1Y
- 7.41%
- 3Y*
- 8.03%
- 5Y*
- 2.13%
- 10Y*
- 3.87%
DGSFX
- 1D
- -0.31%
- 1M
- 0.85%
- YTD
- 1.30%
- 6M
- 1.40%
- 1Y
- 2.73%
- 3Y*
- 4.62%
- 5Y*
- -0.13%
- 10Y*
- —
PRSNX vs. DGSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 1.72% | 9.31% | 5.60% | 12.77% | -16.27% | 0.40% | 8.16% | 11.94% | 1.80% |
DGSFX DFA Global Sustainability Fixed Income Portfolio | 1.30% | 3.80% | 2.60% | 9.67% | -15.61% | -2.95% | 7.99% | 9.85% | 1.15% |
Correlation
The correlation between PRSNX and DGSFX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.69 |
The correlation between PRSNX and DGSFX shifts across timeframes, from 0.61 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRSNX vs. DGSFX — Risk / Return Rank
PRSNX
DGSFX
PRSNX vs. DGSFX - 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 DFA Global Sustainability Fixed Income Portfolio (DGSFX). 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 | DGSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.15 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 0.99 | +2.52 |
| Martin ratioReturn relative to average drawdown | 15.65 | 2.69 | +12.95 |
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Drawdowns
PRSNX vs. DGSFX - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.70%, smaller than the maximum DGSFX drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for PRSNX and DGSFX.
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Drawdown Indicators
| PRSNX | DGSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -21.57% | +1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -2.91% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -2.87% | -3.68% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.70% | -21.29% | +1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -3.19% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -6.57% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 1.06% | -0.58% |
Volatility
PRSNX vs. DGSFX - Volatility Comparison
The current volatility for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is 0.72%, while DFA Global Sustainability Fixed Income Portfolio (DGSFX) has a volatility of 0.91%. This indicates that PRSNX experiences smaller price fluctuations and is considered to be less risky than DGSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRSNX | DGSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 0.91% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 2.75% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 3.59% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 5.34% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 4.87% | -0.74% |
PRSNX vs. DGSFX - Expense Ratio Comparison
PRSNX has a 0.65% expense ratio, which is higher than DGSFX's 0.26% expense ratio.
Dividends
PRSNX vs. DGSFX - Dividend Comparison
PRSNX's dividend yield for the trailing twelve months is around 6.64%, more than DGSFX's 3.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGSFX DFA Global Sustainability Fixed Income Portfolio | 3.53% | 3.02% | 4.26% | 4.09% | 1.97% | 1.15% | 1.72% | 3.37% | 0.24% | 0.00% | 0.00% | 0.00% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 6.64% | 7.87% | 6.36% | 5.08% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
Frequently Asked Questions
PRSNX and DGSFX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGSFX has higher volatility (0.91%) compared to PRSNX (0.72%). In terms of maximum drawdown, PRSNX dropped -19.70% vs DGSFX's -21.57%.
PRSNX currently has the higher Sharpe Ratio (2.67 vs 0.80), 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.
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