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.
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
Key characteristics
PRSNX:
1.51
FADMX:
1.56
PRSNX:
2.42
FADMX:
2.36
PRSNX:
1.29
FADMX:
1.29
PRSNX:
0.57
FADMX:
1.12
PRSNX:
6.50
FADMX:
6.89
PRSNX:
0.81%
FADMX:
0.83%
PRSNX:
3.51%
FADMX:
3.65%
PRSNX:
-19.82%
FADMX:
-16.68%
PRSNX:
-2.83%
FADMX:
-1.02%
Returns By Period
In the year-to-date period, PRSNX achieves a 1.32% return, which is significantly higher than FADMX's 0.90% return.
PRSNX
1.32%
0.40%
1.28%
4.97%
1.17%
2.64%
FADMX
0.90%
-0.22%
1.30%
6.00%
2.41%
N/A
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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 Rank
PRSNX
FADMX
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 4.61%, more than FADMX's 4.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 4.61% | 5.09% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% |
FADMX Fidelity Strategic Income Fund | 4.16% | 4.21% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRSNX vs. FADMX - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.82%, which is greater than FADMX's maximum drawdown of -16.68%. 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
The current volatility for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is 0.92%, while Fidelity Strategic Income Fund (FADMX) has a volatility of 1.18%. This indicates that PRSNX experiences smaller price fluctuations and is considered to be less risky than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.