PRSNX vs. NOCBX
Compare and contrast key facts about T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and Northern Core Bond Fund (NOCBX).
PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008. NOCBX is managed by Northern Funds. It was launched on Mar 29, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRSNX or NOCBX.
Key characteristics
| PRSNX | NOCBX | |
|---|---|---|
| YTD Return | 4.22% | 1.56% |
| 1Y Return | 10.63% | 8.21% |
| 3Y Return (Ann) | -1.09% | -2.39% |
| 5Y Return (Ann) | 0.98% | -0.61% |
| 10Y Return (Ann) | 2.23% | 1.01% |
| Sharpe Ratio | 2.76 | 1.39 |
| Sortino Ratio | 4.68 | 2.01 |
| Omega Ratio | 1.60 | 1.24 |
| Calmar Ratio | 0.80 | 0.50 |
| Martin Ratio | 17.41 | 5.09 |
| Ulcer Index | 0.61% | 1.64% |
| Daily Std Dev | 3.85% | 5.99% |
| Max Drawdown | -19.82% | -20.21% |
| Current Drawdown | -4.14% | -9.86% |
Correlation
The correlation between PRSNX and NOCBX is 0.58, 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. NOCBX - Performance Comparison
In the year-to-date period, PRSNX achieves a 4.22% return, which is significantly higher than NOCBX's 1.56% return. Over the past 10 years, PRSNX has outperformed NOCBX with an annualized return of 2.23%, while NOCBX has yielded a comparatively lower 1.01% annualized 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. NOCBX - Expense Ratio Comparison
PRSNX has a 0.65% expense ratio, which is higher than NOCBX's 0.42% expense ratio.
Risk-Adjusted Performance
PRSNX vs. NOCBX - 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 Northern Core Bond Fund (NOCBX). 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. NOCBX - Dividend Comparison
PRSNX's dividend yield for the trailing twelve months is around 5.04%, more than NOCBX's 4.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 5.04% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% | 3.64% |
NOCBX Northern Core Bond Fund | 4.09% | 3.64% | 2.87% | 1.72% | 1.97% | 2.67% | 3.06% | 2.90% | 2.19% | 2.40% | 2.17% | 2.63% |
Drawdowns
PRSNX vs. NOCBX - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.82%, roughly equal to the maximum NOCBX drawdown of -20.21%. Use the drawdown chart below to compare losses from any high point for PRSNX and NOCBX. For additional features, visit the drawdowns tool.
Volatility
PRSNX vs. NOCBX - Volatility Comparison
The current volatility for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is 0.97%, while Northern Core Bond Fund (NOCBX) has a volatility of 1.80%. This indicates that PRSNX experiences smaller price fluctuations and is considered to be less risky than NOCBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.