PRTIX vs. PRCPX
Compare and contrast key facts about T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
PRTIX is managed by T. Rowe Price. It was launched on Sep 28, 1989. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
PRTIX vs. PRCPX - Performance Comparison
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PRTIX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRTIX T. Rowe Price U.S. Treasury Intermediate Index Fund | -0.50% | 10.59% | 0.65% | 3.49% | -12.61% | -2.99% | 8.05% | 6.65% | 1.02% | 1.24% |
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Returns By Period
In the year-to-date period, PRTIX achieves a -0.50% return, which is significantly lower than PRCPX's -0.13% return. Over the past 10 years, PRTIX has underperformed PRCPX with an annualized return of 1.10%, while PRCPX has yielded a comparatively higher 6.83% annualized return.
PRTIX
- 1D
- 0.40%
- 1M
- -2.31%
- YTD
- -0.50%
- 6M
- 1.56%
- 1Y
- 6.65%
- 3Y*
- 3.59%
- 5Y*
- 0.09%
- 10Y*
- 1.10%
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
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PRTIX vs. PRCPX - Expense Ratio Comparison
PRTIX has a 0.27% expense ratio, which is lower than PRCPX's 0.81% expense ratio.
Return for Risk
PRTIX vs. PRCPX — Risk / Return Rank
PRTIX
PRCPX
PRTIX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX) and T. Rowe Price Credit Opportunities Fund (PRCPX). 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.
| PRTIX | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.61 | 3.47 | -1.86 |
Sortino ratioReturn per unit of downside risk | 2.42 | 5.52 | -3.10 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.93 | -0.63 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | 4.53 | -2.04 |
Martin ratioReturn relative to average drawdown | 8.00 | 21.08 | -13.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRTIX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 3.47 | -1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 1.23 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 1.26 | -1.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.88 | +0.01 |
Correlation
The correlation between PRTIX and PRCPX is 0.14, 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.
Dividends
PRTIX vs. PRCPX - Dividend Comparison
PRTIX's dividend yield for the trailing twelve months is around 6.49%, less than PRCPX's 12.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRTIX T. Rowe Price U.S. Treasury Intermediate Index Fund | 6.49% | 6.44% | 3.87% | 3.99% | 1.17% | 0.76% | 2.80% | 2.08% | 1.86% | 1.60% | 2.25% | 2.48% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
PRTIX vs. PRCPX - Drawdown Comparison
The maximum PRTIX drawdown since its inception was -18.93%, smaller than the maximum PRCPX drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for PRTIX and PRCPX.
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Drawdown Indicators
| PRTIX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.93% | -23.07% | +4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -3.03% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -17.70% | -14.34% | -3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -18.93% | -23.07% | +4.14% |
Current DrawdownCurrent decline from peak | -3.73% | -1.74% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -3.16% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.65% | +0.25% |
Volatility
PRTIX vs. PRCPX - Volatility Comparison
T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX) has a higher volatility of 1.35% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.10%. This indicates that PRTIX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRTIX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.10% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.52% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 4.11% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 4.79% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 5.45% | -0.32% |