PRSNX vs. PSILX
Compare and contrast key facts about T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) and T. Rowe Price Spectrum International Equity Fund (PSILX).
PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008. PSILX is managed by T. Rowe Price. It was launched on Dec 31, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRSNX or PSILX.
Key characteristics
| PRSNX | PSILX | |
|---|---|---|
| YTD Return | 4.74% | 7.80% |
| 1Y Return | 11.18% | 18.59% |
| 3Y Return (Ann) | -0.83% | -1.03% |
| 5Y Return (Ann) | 1.04% | 4.66% |
| 10Y Return (Ann) | 2.27% | 4.94% |
| Sharpe Ratio | 2.74 | 1.48 |
| Sortino Ratio | 4.62 | 2.11 |
| Omega Ratio | 1.59 | 1.26 |
| Calmar Ratio | 0.79 | 0.93 |
| Martin Ratio | 17.47 | 8.23 |
| Ulcer Index | 0.61% | 2.22% |
| Daily Std Dev | 3.87% | 12.39% |
| Max Drawdown | -19.82% | -61.38% |
| Current Drawdown | -3.66% | -5.21% |
Correlation
The correlation between PRSNX and PSILX is 0.27, 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. PSILX - Performance Comparison
In the year-to-date period, PRSNX achieves a 4.74% return, which is significantly lower than PSILX's 7.80% return. Over the past 10 years, PRSNX has underperformed PSILX with an annualized return of 2.27%, while PSILX has yielded a comparatively higher 4.94% 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. PSILX - Expense Ratio Comparison
PRSNX has a 0.65% expense ratio, which is lower than PSILX's 0.89% expense ratio.
Risk-Adjusted Performance
PRSNX vs. PSILX - 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 T. Rowe Price Spectrum International Equity Fund (PSILX). 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. PSILX - Dividend Comparison
PRSNX's dividend yield for the trailing twelve months is around 5.02%, more than PSILX's 1.74% 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% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% | 3.64% |
PSILX T. Rowe Price Spectrum International Equity Fund | 1.74% | 1.88% | 1.45% | 1.30% | 0.75% | 1.99% | 1.97% | 1.37% | 1.77% | 1.36% | 3.82% | 1.33% |
Drawdowns
PRSNX vs. PSILX - Drawdown Comparison
The maximum PRSNX drawdown since its inception was -19.82%, smaller than the maximum PSILX drawdown of -61.38%. Use the drawdown chart below to compare losses from any high point for PRSNX and PSILX. For additional features, visit the drawdowns tool.
Volatility
PRSNX vs. PSILX - Volatility Comparison
The current volatility for T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) is 0.89%, while T. Rowe Price Spectrum International Equity Fund (PSILX) has a volatility of 3.67%. This indicates that PRSNX experiences smaller price fluctuations and is considered to be less risky than PSILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.