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PRSNX vs. TRBFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PRSNXTRBFX
YTD Return4.74%4.51%
1Y Return11.18%6.83%
3Y Return (Ann)-0.83%1.57%
5Y Return (Ann)1.04%3.09%
Sharpe Ratio2.741.07
Sortino Ratio4.621.59
Omega Ratio1.591.39
Calmar Ratio0.791.07
Martin Ratio17.474.15
Ulcer Index0.61%1.54%
Daily Std Dev3.87%5.95%
Max Drawdown-19.82%-7.33%
Current Drawdown-3.66%-0.79%

Correlation

-0.50.00.51.00.4

The correlation between PRSNX and TRBFX is 0.43, 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. TRBFX - Performance Comparison

The year-to-date returns for both stocks are quite close, with PRSNX having a 4.74% return and TRBFX slightly lower at 4.51%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.30%
3.29%
PRSNX
TRBFX

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PRSNX vs. TRBFX - Expense Ratio Comparison

PRSNX has a 0.65% expense ratio, which is higher than TRBFX's 0.41% expense ratio.


PRSNX
T. Rowe Price Global Multi-Sector Bond Fund
Expense ratio chart for PRSNX: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for TRBFX: current value at 0.41% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.41%

Risk-Adjusted Performance

PRSNX vs. TRBFX - 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 Limited Duration Inflation Focused Bond Fund (TRBFX). 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.


PRSNX
Sharpe ratio
The chart of Sharpe ratio for PRSNX, currently valued at 2.74, compared to the broader market0.002.004.002.74
Sortino ratio
The chart of Sortino ratio for PRSNX, currently valued at 4.62, compared to the broader market0.005.0010.004.62
Omega ratio
The chart of Omega ratio for PRSNX, currently valued at 1.59, compared to the broader market1.002.003.004.001.59
Calmar ratio
The chart of Calmar ratio for PRSNX, currently valued at 0.79, compared to the broader market0.005.0010.0015.0020.000.79
Martin ratio
The chart of Martin ratio for PRSNX, currently valued at 17.47, compared to the broader market0.0020.0040.0060.0080.00100.0017.47
TRBFX
Sharpe ratio
The chart of Sharpe ratio for TRBFX, currently valued at 1.07, compared to the broader market0.002.004.001.07
Sortino ratio
The chart of Sortino ratio for TRBFX, currently valued at 1.59, compared to the broader market0.005.0010.001.59
Omega ratio
The chart of Omega ratio for TRBFX, currently valued at 1.39, compared to the broader market1.002.003.004.001.39
Calmar ratio
The chart of Calmar ratio for TRBFX, currently valued at 1.07, compared to the broader market0.005.0010.0015.0020.001.07
Martin ratio
The chart of Martin ratio for TRBFX, currently valued at 4.15, compared to the broader market0.0020.0040.0060.0080.00100.004.15

PRSNX vs. TRBFX - Sharpe Ratio Comparison

The current PRSNX Sharpe Ratio is 2.74, which is higher than the TRBFX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of PRSNX and TRBFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.74
1.07
PRSNX
TRBFX

Dividends

PRSNX vs. TRBFX - Dividend Comparison

PRSNX's dividend yield for the trailing twelve months is around 5.02%, more than TRBFX's 4.60% yield.


TTM20232022202120202019201820172016201520142013
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%
TRBFX
T. Rowe Price Limited Duration Inflation Focused Bond Fund
4.60%3.79%5.72%8.08%0.74%1.53%0.47%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PRSNX vs. TRBFX - Drawdown Comparison

The maximum PRSNX drawdown since its inception was -19.82%, which is greater than TRBFX's maximum drawdown of -7.33%. Use the drawdown chart below to compare losses from any high point for PRSNX and TRBFX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-3.66%
-0.79%
PRSNX
TRBFX

Volatility

PRSNX vs. TRBFX - Volatility Comparison

T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) has a higher volatility of 0.89% compared to T. Rowe Price Limited Duration Inflation Focused Bond Fund (TRBFX) at 0.68%. This indicates that PRSNX's price experiences larger fluctuations and is considered to be riskier than TRBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
0.89%
0.68%
PRSNX
TRBFX