PRSNX vs. FADMX
Compare and contrast key facts about T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and Fidelity Strategic Income Fund (FADMX).
PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008. FADMX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRSNX or FADMX.
Key characteristics
| PRSNX | FADMX | |
|---|---|---|
| YTD Return | 4.52% | 6.75% |
| 1Y Return | 11.47% | 12.35% |
| 3Y Return (Ann) | -0.72% | 1.15% |
| 5Y Return (Ann) | 1.87% | 3.37% |
| Sharpe Ratio | 2.67 | 2.91 |
| Daily Std Dev | 4.30% | 4.33% |
| Max Drawdown | -19.05% | -15.84% |
| Current Drawdown | -2.24% | 0.00% |
Correlation
The correlation between PRSNX and FADMX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRSNX vs. FADMX - Performance Comparison
In the year-to-date period, PRSNX achieves a 4.52% return, which is significantly lower than FADMX's 6.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRSNX vs. FADMX - Expense Ratio Comparison
PRSNX has a 0.65% expense ratio, which is lower than FADMX's 0.66% expense ratio.
Risk-Adjusted Performance
PRSNX vs. FADMX - 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 Fidelity Strategic Income Fund (FADMX). 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
PRSNX vs. FADMX - Dividend Comparison
PRSNX's dividend yield for the trailing twelve months is around 5.02%, more than FADMX's 4.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 5.02% | 4.60% | 4.16% | 3.96% | 3.67% | 4.94% | 4.90% | 3.59% | 3.45% | 3.60% | 6.14% | 5.07% |
FADMX Fidelity Strategic Income Fund | 4.33% | 4.32% | 3.81% | 4.64% | 4.57% | 4.32% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRSNX vs. FADMX - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.05%, which is greater than FADMX's maximum drawdown of -15.84%. Use the drawdown chart below to compare losses from any high point for PRSNX and FADMX. For additional features, visit the drawdowns tool.
Volatility
PRSNX vs. FADMX - Volatility Comparison
T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and Fidelity Strategic Income Fund (FADMX) have volatilities of 0.60% and 0.63%, 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.