PRWBX vs. DFEQX
Compare and contrast key facts about T. Rowe Price Short-Term Bond Fund (PRWBX) and DFA Short-Term Extended Quality Portfolio (DFEQX).
PRWBX is managed by T. Rowe Price. It was launched on Mar 2, 1984. DFEQX is managed by Dimensional Fund Advisors LP. It was launched on Mar 4, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRWBX or DFEQX.
Key characteristics
| PRWBX | DFEQX | |
|---|---|---|
| YTD Return | 4.12% | 4.92% |
| 1Y Return | 6.41% | 6.15% |
| 3Y Return (Ann) | 1.61% | 1.64% |
| 5Y Return (Ann) | 2.18% | 1.34% |
| 10Y Return (Ann) | 1.97% | 1.74% |
| Sharpe Ratio | 2.34 | 8.83 |
| Sortino Ratio | 3.72 | 52.68 |
| Omega Ratio | 1.59 | 33.66 |
| Calmar Ratio | 3.65 | 2.52 |
| Martin Ratio | 17.22 | 1,445.51 |
| Ulcer Index | 0.36% | 0.00% |
| Daily Std Dev | 2.64% | 0.68% |
| Max Drawdown | -6.29% | -8.40% |
| Current Drawdown | -0.73% | 0.00% |
Correlation
The correlation between PRWBX and DFEQX is 0.49, 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
PRWBX vs. DFEQX - Performance Comparison
In the year-to-date period, PRWBX achieves a 4.12% return, which is significantly lower than DFEQX's 4.92% return. Over the past 10 years, PRWBX has outperformed DFEQX with an annualized return of 1.97%, while DFEQX has yielded a comparatively lower 1.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRWBX vs. DFEQX - Expense Ratio Comparison
PRWBX has a 0.43% expense ratio, which is higher than DFEQX's 0.19% expense ratio.
Risk-Adjusted Performance
PRWBX vs. DFEQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Short-Term Bond Fund (PRWBX) and DFA Short-Term Extended Quality Portfolio (DFEQX). 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
PRWBX vs. DFEQX - Dividend Comparison
PRWBX's dividend yield for the trailing twelve months is around 3.98%, less than DFEQX's 4.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWBX T. Rowe Price Short-Term Bond Fund | 3.98% | 3.15% | 2.39% | 2.25% | 2.11% | 2.51% | 2.40% | 2.03% | 1.57% | 1.49% | 1.43% | 1.52% |
DFEQX DFA Short-Term Extended Quality Portfolio | 4.31% | 3.34% | 1.78% | 0.91% | 0.47% | 2.18% | 3.15% | 1.90% | 1.79% | 1.58% | 1.53% | 1.45% |
Drawdowns
PRWBX vs. DFEQX - Drawdown Comparison
The maximum PRWBX drawdown since its inception was -6.29%, smaller than the maximum DFEQX drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for PRWBX and DFEQX. For additional features, visit the drawdowns tool.
Volatility
PRWBX vs. DFEQX - Volatility Comparison
T. Rowe Price Short-Term Bond Fund (PRWBX) has a higher volatility of 0.75% compared to DFA Short-Term Extended Quality Portfolio (DFEQX) at 0.18%. This indicates that PRWBX's price experiences larger fluctuations and is considered to be riskier than DFEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.