Correlation
The correlation between PRSNX and DODLX is 0.15, 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.
PRSNX vs. DODLX
Compare and contrast key facts about T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and Dodge & Cox Global Bond Fund (DODLX).
PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008. DODLX is managed by Dodge & Cox. It was launched on Apr 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRSNX or DODLX.
Performance
PRSNX vs. DODLX - Performance Comparison
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Key characteristics
PRSNX:
1.59
DODLX:
1.34
PRSNX:
2.84
DODLX:
2.10
PRSNX:
1.35
DODLX:
1.26
PRSNX:
1.07
DODLX:
1.22
PRSNX:
8.16
DODLX:
3.01
PRSNX:
0.77%
DODLX:
2.51%
PRSNX:
3.50%
DODLX:
5.24%
PRSNX:
-19.05%
DODLX:
-16.30%
PRSNX:
-0.80%
DODLX:
-0.16%
Returns By Period
In the year-to-date period, PRSNX achieves a 1.94% return, which is significantly lower than DODLX's 5.34% return. Over the past 10 years, PRSNX has underperformed DODLX with an annualized return of 3.18%, while DODLX has yielded a comparatively higher 4.19% annualized return.
PRSNX
1.94%
-0.30%
0.50%
5.51%
3.43%
1.96%
3.18%
DODLX
5.34%
0.55%
2.85%
6.95%
5.73%
3.35%
4.19%
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PRSNX vs. DODLX - Expense Ratio Comparison
PRSNX has a 0.65% expense ratio, which is higher than DODLX's 0.45% expense ratio.
Risk-Adjusted Performance
PRSNX vs. DODLX — Risk-Adjusted Performance Rank
PRSNX
DODLX
PRSNX vs. DODLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and Dodge & Cox Global Bond Fund (DODLX). 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.
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Dividends
PRSNX vs. DODLX - Dividend Comparison
PRSNX's dividend yield for the trailing twelve months is around 4.47%, less than DODLX's 4.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 4.47% | 5.09% | 4.60% | 4.16% | 3.96% | 3.67% | 4.94% | 4.90% | 3.59% | 3.45% | 3.60% | 6.14% |
DODLX Dodge & Cox Global Bond Fund | 4.56% | 4.73% | 3.31% | 5.05% | 3.86% | 2.66% | 3.40% | 5.19% | 2.45% | 1.69% | 0.00% | 1.40% |
Drawdowns
PRSNX vs. DODLX - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.05%, which is greater than DODLX's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for PRSNX and DODLX.
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Volatility
PRSNX vs. DODLX - Volatility Comparison
The current volatility for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is 1.00%, while Dodge & Cox Global Bond Fund (DODLX) has a volatility of 1.35%. This indicates that PRSNX experiences smaller price fluctuations and is considered to be less risky than DODLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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