PRWBX vs. PREIX
Compare and contrast key facts about T. Rowe Price Short-Term Bond Fund (PRWBX) and T. Rowe Price Equity Index 500 Fund (PREIX).
PRWBX is managed by T. Rowe Price. It was launched on Mar 2, 1984. PREIX is managed by T. Rowe Price. It was launched on Mar 30, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRWBX or PREIX.
Correlation
The correlation between PRWBX and PREIX is -0.05. 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
PRWBX vs. PREIX - Performance Comparison
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Key characteristics
PRWBX:
2.24
PREIX:
0.67
PRWBX:
3.60
PREIX:
1.12
PRWBX:
1.55
PREIX:
1.16
PRWBX:
6.36
PREIX:
0.74
PRWBX:
15.80
PREIX:
2.87
PRWBX:
0.35%
PREIX:
4.87%
PRWBX:
2.46%
PREIX:
19.66%
PRWBX:
-6.29%
PREIX:
-55.32%
PRWBX:
-0.65%
PREIX:
-4.65%
Returns By Period
In the year-to-date period, PRWBX achieves a 1.25% return, which is significantly higher than PREIX's -0.26% return. Over the past 10 years, PRWBX has underperformed PREIX with an annualized return of 2.15%, while PREIX has yielded a comparatively higher 12.24% annualized return.
PRWBX
1.25%
0.22%
2.15%
5.48%
2.33%
2.15%
PREIX
-0.26%
9.03%
-2.10%
13.15%
17.12%
12.24%
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PRWBX vs. PREIX - Expense Ratio Comparison
PRWBX has a 0.43% expense ratio, which is higher than PREIX's 0.15% expense ratio.
Risk-Adjusted Performance
PRWBX vs. PREIX — Risk-Adjusted Performance Rank
PRWBX
PREIX
PRWBX vs. PREIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Short-Term Bond Fund (PRWBX) and T. Rowe Price Equity Index 500 Fund (PREIX). 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.
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Dividends
PRWBX vs. PREIX - Dividend Comparison
PRWBX's dividend yield for the trailing twelve months is around 3.80%, more than PREIX's 1.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWBX T. Rowe Price Short-Term Bond Fund | 3.80% | 4.05% | 3.15% | 2.39% | 2.25% | 2.11% | 2.51% | 2.40% | 2.03% | 1.57% | 1.49% | 1.43% |
PREIX T. Rowe Price Equity Index 500 Fund | 1.13% | 1.13% | 1.33% | 1.50% | 1.15% | 1.56% | 1.78% | 1.95% | 1.65% | 1.83% | 2.02% | 1.69% |
Drawdowns
PRWBX vs. PREIX - Drawdown Comparison
The maximum PRWBX drawdown since its inception was -6.29%, smaller than the maximum PREIX drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for PRWBX and PREIX. For additional features, visit the drawdowns tool.
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Volatility
PRWBX vs. PREIX - Volatility Comparison
The current volatility for T. Rowe Price Short-Term Bond Fund (PRWBX) is 0.70%, while T. Rowe Price Equity Index 500 Fund (PREIX) has a volatility of 6.30%. This indicates that PRWBX experiences smaller price fluctuations and is considered to be less risky than PREIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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