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PRXCX vs. PBDIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

PRXCX vs. PBDIX

Last updated May 12, 2025

Compare and contrast key facts about T. Rowe Price California Tax Free Bond Fund (PRXCX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX).

PRXCX is managed by T. Rowe Price. It was launched on Sep 14, 1986. PBDIX is managed by T. Rowe Price.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRXCX or PBDIX.

Correlation

The correlation between PRXCX and PBDIX is -0.32. 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

PRXCX vs. PBDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price California Tax Free Bond Fund (PRXCX) and T. Rowe Price QM U.S. Bond Index Fund (PBDIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

PRXCX:

1.90%

PBDIX:

5.31%

Max Drawdown

PRXCX:

-0.10%

PBDIX:

-0.52%

Current Drawdown

PRXCX:

-0.10%

PBDIX:

-0.42%

Returns By Period

PRXCX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

PBDIX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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PRXCX vs. PBDIX - Expense Ratio Comparison

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

PRXCX
T. Rowe Price California Tax Free Bond Fund
PBDIX
T. Rowe Price QM U.S. Bond Index Fund

Risk-Adjusted Performance

PRXCX vs. PBDIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRXCX
The Risk-Adjusted Performance Rank of PRXCX is 2323
Overall Rank
The Sharpe Ratio Rank of PRXCX is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of PRXCX is 2121
Sortino Ratio Rank
The Omega Ratio Rank of PRXCX is 2121
Omega Ratio Rank
The Calmar Ratio Rank of PRXCX is 2525
Calmar Ratio Rank
The Martin Ratio Rank of PRXCX is 2525
Martin Ratio Rank
PBDIX
The Risk-Adjusted Performance Rank of PBDIX is 7070
Overall Rank
The Sharpe Ratio Rank of PBDIX is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of PBDIX is 7878
Sortino Ratio Rank
The Omega Ratio Rank of PBDIX is 7373
Omega Ratio Rank
The Calmar Ratio Rank of PBDIX is 5454
Calmar Ratio Rank
The Martin Ratio Rank of PBDIX is 6565
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.

PRXCX vs. PBDIX - Risk-Adjusted Performance Comparison

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.

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Dividends

PRXCX vs. PBDIX - Dividend Comparison

PRXCX's dividend yield for the trailing twelve months is around 3.11%, less than PBDIX's 3.85% yield.

TTM20242023202220212020201920182017201620152014
PRXCX
T. Rowe Price California Tax Free Bond Fund		3.11%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PBDIX
T. Rowe Price QM U.S. Bond Index Fund		3.85%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

PRXCX vs. PBDIX - Drawdown Comparison

The maximum PRXCX drawdown since its inception was -0.10%, smaller than the maximum PBDIX drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for PRXCX and PBDIX. For additional features, visit the drawdowns tool.

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Volatility

PRXCX vs. PBDIX - Volatility Comparison

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