PRSNX vs. FBND
Compare and contrast key facts about T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and Fidelity Total Bond ETF (FBND).
PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRSNX or FBND.
Correlation
The correlation between PRSNX and FBND 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.
Performance
PRSNX vs. FBND - Performance Comparison
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Key characteristics
PRSNX:
1.46
FBND:
1.04
PRSNX:
2.19
FBND:
1.52
PRSNX:
1.27
FBND:
1.18
PRSNX:
0.74
FBND:
0.61
PRSNX:
6.09
FBND:
2.99
PRSNX:
0.79%
FBND:
1.89%
PRSNX:
3.46%
FBND:
5.41%
PRSNX:
-19.05%
FBND:
-17.25%
PRSNX:
-1.37%
FBND:
-3.72%
Returns By Period
In the year-to-date period, PRSNX achieves a 1.12% return, which is significantly lower than FBND's 1.92% return. Over the past 10 years, PRSNX has outperformed FBND with an annualized return of 3.01%, while FBND has yielded a comparatively lower 2.15% annualized return.
PRSNX
1.12%
1.63%
0.78%
5.00%
2.66%
3.01%
FBND
1.92%
1.25%
1.12%
5.58%
0.59%
2.15%
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PRSNX vs. FBND - Expense Ratio Comparison
PRSNX has a 0.65% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
PRSNX vs. FBND — Risk-Adjusted Performance Rank
PRSNX
FBND
PRSNX vs. FBND - 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 Total Bond ETF (FBND). 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. FBND - Dividend Comparison
PRSNX's dividend yield for the trailing twelve months is around 4.51%, less than FBND's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 4.51% | 5.09% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% |
FBND Fidelity Total Bond ETF | 4.68% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
PRSNX vs. FBND - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.05%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for PRSNX and FBND. For additional features, visit the drawdowns tool.
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Volatility
PRSNX vs. FBND - Volatility Comparison
The current volatility for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is 1.18%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.59%. This indicates that PRSNX experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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