PTKIX vs. BNDW
PTKIX (T. Rowe Price Total Return Fund) and BNDW (Vanguard Total World Bond ETF) are both funds - PTKIX is a Intermediate Core-Plus Bond fund managed by T. Rowe Price, while BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Over the past 5 years, PTKIX returned -1.05%/yr vs -0.25%/yr for BNDW. Their correlation of 0.86 means they have usually moved in the same direction. PTKIX charges 0.33%/yr vs 0.05%/yr for BNDW.
Performance
PTKIX vs. BNDW - Performance Comparison
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Returns By Period
In the year-to-date period, PTKIX achieves a -1.04% return, which is significantly lower than BNDW's -0.20% return.
PTKIX
- 1D
- 0.00%
- 1M
- -1.33%
- 6M
- -1.46%
- YTD
- -1.04%
- 1Y
- 1.67%
- 3Y*
- 3.92%
- 5Y*
- -1.05%
- 10Y*
- —
- ALL TIME*
- 2.14%
BNDW
- 1D
- -0.28%
- 1M
- -1.09%
- 6M
- -0.59%
- YTD
- -0.20%
- 1Y
- 1.26%
- 3Y*
- 3.97%
- 5Y*
- -0.25%
- 10Y*
- —
- ALL TIME*
- 1.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.34M | $6.07M | $7.03M | |
| $0.00 | $0.00 | $0.00 |
PTKIX vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PTKIX T. Rowe Price Total Return Fund | -1.04% | 7.50% | 2.46% | 4.95% | -16.52% | 0.59% | 8.40% | 11.86% | 0.68% |
BNDW Vanguard Total World Bond ETF | -0.20% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.27% |
Correlation
The correlation between PTKIX and BNDW is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2018 | 0.86 |
The correlation between PTKIX and BNDW has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
PTKIX vs. BNDW — Risk / Return Rank
PTKIX
BNDW
PTKIX vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund (PTKIX) and Vanguard Total World Bond ETF (BNDW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PTKIX | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.69 | +0.15 |
| Martin ratioReturn relative to average drawdown | 1.94 | 1.67 | +0.27 |
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Drawdowns
PTKIX vs. BNDW - Drawdown Comparison
The maximum PTKIX drawdown since its inception was -20.91%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for PTKIX and BNDW.
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Drawdown Indicators
| PTKIX | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -17.22% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.70% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -3.57% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -20.91% | -16.93% | -3.98% |
Current DrawdownCurrent decline from peak | -5.60% | -2.14% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -4.90% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.11% | +0.15% |
Volatility
PTKIX vs. BNDW - Volatility Comparison
T. Rowe Price Total Return Fund (PTKIX) and Vanguard Total World Bond ETF (BNDW) have volatilities of 0.94% and 0.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTKIX | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.96% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 2.82% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 3.38% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 5.22% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 4.88% | +0.16% |
PTKIX vs. BNDW - Expense Ratio Comparison
PTKIX has a 0.33% expense ratio, which is higher than BNDW's 0.05% expense ratio.
Dividends
PTKIX vs. BNDW - Dividend Comparison
PTKIX's dividend yield for the trailing twelve months is around 4.43%, more than BNDW's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 3.99% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% |
PTKIX T. Rowe Price Total Return Fund | 4.43% | 5.27% | 5.22% | 4.19% | 2.87% | 3.28% | 3.38% | 6.78% | 3.41% | 3.35% |
Frequently Asked Questions
PTKIX and BNDW have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDW has higher volatility (0.96%) compared to PTKIX (0.94%). In terms of maximum drawdown, PTKIX dropped -20.91% vs BNDW's -17.22%.
PTKIX currently has the higher Sharpe Ratio (0.64 vs 0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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