PRXCX vs. PBDIX

In the year-to-date period, PRXCX achieves a -2.81% return, which is significantly lower than PBDIX's 1.93% return. Over the past 10 years, PRXCX has outperformed PBDIX with an annualized return of 2.14%, while PBDIX has yielded a comparatively lower 1.80% annualized return.

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PRXCX has a 0.53% expense ratio, which is higher than PBDIX's 0.23% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price California Tax Free Bond Fund (PRXCX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX). 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 PRXCX Sharpe Ratio is 0.11, which is lower than the PBDIX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of PRXCX and PBDIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

PRXCX's dividend yield for the trailing twelve months is around 3.12%, less than PBDIX's 3.84% yield.

The maximum PRXCX drawdown since its inception was -19.48%, roughly equal to the maximum PBDIX drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for PRXCX and PBDIX.

The current volatility for T. Rowe Price California Tax Free Bond Fund (PRXCX) is 0.85%, while T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a volatility of 1.38%. This indicates that PRXCX experiences smaller price fluctuations and is considered to be less risky than PBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.