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.
Performance
PRSNX vs. FBND - Performance Comparison
Returns By Period
In the year-to-date period, PRSNX achieves a 4.11% return, which is significantly higher than FBND's 2.42% return. Both investments have delivered pretty close results over the past 10 years, with PRSNX having a 2.20% annualized return and FBND not far ahead at 2.22%.
PRSNX
4.11%
-0.62%
3.57%
8.69%
0.94%
2.20%
FBND
2.42%
-0.65%
3.61%
7.29%
0.95%
2.22%
Key characteristics
| PRSNX | FBND | |
|---|---|---|
| Sharpe Ratio | 2.34 | 1.27 |
| Sortino Ratio | 3.81 | 1.85 |
| Omega Ratio | 1.48 | 1.23 |
| Calmar Ratio | 0.71 | 0.61 |
| Martin Ratio | 13.59 | 4.69 |
| Ulcer Index | 0.63% | 1.56% |
| Daily Std Dev | 3.67% | 5.76% |
| Max Drawdown | -19.82% | -17.25% |
| Current Drawdown | -4.24% | -5.26% |
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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.
Correlation
The correlation between PRSNX and FBND is 0.61, 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.
Risk-Adjusted Performance
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.
Dividends
PRSNX vs. FBND - Dividend Comparison
PRSNX's dividend yield for the trailing twelve months is around 5.05%, more than FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 5.05% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% | 3.64% |
FBND Fidelity Total Bond ETF | 4.60% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
Drawdowns
PRSNX vs. FBND - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.82%, 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.
Volatility
PRSNX vs. FBND - Volatility Comparison
The current volatility for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is 0.94%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.39%. 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.