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PRTIX vs. PRWBX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PRTIX and PRWBX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

PRTIX vs. PRWBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX) and T. Rowe Price Short-Term Bond Fund (PRWBX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PRTIX:

0.89

PRWBX:

2.14

Sortino Ratio

PRTIX:

1.41

PRWBX:

3.60

Omega Ratio

PRTIX:

1.17

PRWBX:

1.55

Calmar Ratio

PRTIX:

0.35

PRWBX:

6.36

Martin Ratio

PRTIX:

2.20

PRWBX:

15.67

Ulcer Index

PRTIX:

2.34%

PRWBX:

0.35%

Daily Std Dev

PRTIX:

5.60%

PRWBX:

2.48%

Max Drawdown

PRTIX:

-18.26%

PRWBX:

-6.29%

Current Drawdown

PRTIX:

-9.78%

PRWBX:

-0.65%

Returns By Period

In the year-to-date period, PRTIX achieves a 2.27% return, which is significantly higher than PRWBX's 1.25% return. Over the past 10 years, PRTIX has underperformed PRWBX with an annualized return of 0.81%, while PRWBX has yielded a comparatively higher 2.14% annualized return.


PRTIX

YTD

2.27%

1M

-0.48%

6M

2.54%

1Y

4.95%

5Y*

-1.84%

10Y*

0.81%

PRWBX

YTD

1.25%

1M

0.00%

6M

2.15%

1Y

5.25%

5Y*

2.33%

10Y*

2.14%

*Annualized

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PRTIX vs. PRWBX - Expense Ratio Comparison

PRTIX has a 0.27% expense ratio, which is lower than PRWBX's 0.43% expense ratio.


Risk-Adjusted Performance

PRTIX vs. PRWBX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRTIX
The Risk-Adjusted Performance Rank of PRTIX is 6868
Overall Rank
The Sharpe Ratio Rank of PRTIX is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of PRTIX is 8080
Sortino Ratio Rank
The Omega Ratio Rank of PRTIX is 7474
Omega Ratio Rank
The Calmar Ratio Rank of PRTIX is 4848
Calmar Ratio Rank
The Martin Ratio Rank of PRTIX is 6161
Martin Ratio Rank

PRWBX
The Risk-Adjusted Performance Rank of PRWBX is 9595
Overall Rank
The Sharpe Ratio Rank of PRWBX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of PRWBX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of PRWBX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of PRWBX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of PRWBX is 9797
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PRTIX vs. PRWBX - Risk-Adjusted Performance 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 Short-Term Bond Fund (PRWBX). 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.


The current PRTIX Sharpe Ratio is 0.89, which is lower than the PRWBX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PRTIX and PRWBX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

PRTIX vs. PRWBX - Dividend Comparison

PRTIX's dividend yield for the trailing twelve months is around 3.84%, less than PRWBX's 4.15% yield.


TTM20242023202220212020201920182017201620152014
PRTIX
T. Rowe Price U.S. Treasury Intermediate Index Fund
3.84%3.87%3.51%1.85%1.16%3.23%2.00%2.01%1.75%2.28%2.50%2.41%
PRWBX
T. Rowe Price Short-Term Bond Fund
4.15%4.05%3.15%2.39%2.25%2.11%2.51%2.40%2.03%1.57%1.49%1.43%

Drawdowns

PRTIX vs. PRWBX - Drawdown Comparison

The maximum PRTIX drawdown since its inception was -18.26%, which is greater than PRWBX's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for PRTIX and PRWBX. For additional features, visit the drawdowns tool.


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Volatility

PRTIX vs. PRWBX - Volatility Comparison

T. Rowe Price U.S. Treasury Intermediate Index Fund (PRTIX) has a higher volatility of 1.56% compared to T. Rowe Price Short-Term Bond Fund (PRWBX) at 0.70%. This indicates that PRTIX's price experiences larger fluctuations and is considered to be riskier than PRWBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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