PSILX vs. PRSNX
Compare and contrast key facts about T. Rowe Price Spectrum International Equity Fund (PSILX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX).
PSILX is managed by T. Rowe Price. It was launched on Dec 31, 1996. PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSILX or PRSNX.
Key characteristics
| PSILX | PRSNX | |
|---|---|---|
| YTD Return | 7.80% | 4.74% |
| 1Y Return | 18.59% | 11.18% |
| 3Y Return (Ann) | -1.03% | -0.83% |
| 5Y Return (Ann) | 4.66% | 1.04% |
| 10Y Return (Ann) | 4.94% | 2.27% |
| Sharpe Ratio | 1.48 | 2.74 |
| Sortino Ratio | 2.11 | 4.62 |
| Omega Ratio | 1.26 | 1.59 |
| Calmar Ratio | 0.93 | 0.79 |
| Martin Ratio | 8.23 | 17.47 |
| Ulcer Index | 2.22% | 0.61% |
| Daily Std Dev | 12.39% | 3.87% |
| Max Drawdown | -61.38% | -19.82% |
| Current Drawdown | -5.21% | -3.66% |
Correlation
The correlation between PSILX and PRSNX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PSILX vs. PRSNX - Performance Comparison
In the year-to-date period, PSILX achieves a 7.80% return, which is significantly higher than PRSNX's 4.74% return. Over the past 10 years, PSILX has outperformed PRSNX with an annualized return of 4.94%, while PRSNX has yielded a comparatively lower 2.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSILX vs. PRSNX - Expense Ratio Comparison
PSILX has a 0.89% expense ratio, which is higher than PRSNX's 0.65% expense ratio.
Risk-Adjusted Performance
PSILX vs. PRSNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum International Equity Fund (PSILX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX). 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
PSILX vs. PRSNX - Dividend Comparison
PSILX's dividend yield for the trailing twelve months is around 1.74%, less than PRSNX's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSILX T. Rowe Price Spectrum International Equity Fund | 1.74% | 1.88% | 1.45% | 1.30% | 0.75% | 1.99% | 1.97% | 1.37% | 1.77% | 1.36% | 3.82% | 1.33% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 5.02% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% | 3.64% |
Drawdowns
PSILX vs. PRSNX - Drawdown Comparison
The maximum PSILX drawdown since its inception was -61.38%, which is greater than PRSNX's maximum drawdown of -19.82%. Use the drawdown chart below to compare losses from any high point for PSILX and PRSNX. For additional features, visit the drawdowns tool.
Volatility
PSILX vs. PRSNX - Volatility Comparison
T. Rowe Price Spectrum International Equity Fund (PSILX) has a higher volatility of 3.67% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 0.89%. This indicates that PSILX's price experiences larger fluctuations and is considered to be riskier than PRSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.