PTKIX vs. DBLTX
PTKIX (T. Rowe Price Total Return Fund) and DBLTX (DoubleLine Total Return Bond Fund Class I) are both mutual funds - PTKIX is a Intermediate Core-Plus Bond fund managed by T. Rowe Price, while DBLTX is a Total Bond Market fund actively managed by DoubleLine. Over the past 5 years, PTKIX returned -1.05%/yr vs 0.27%/yr for DBLTX. Their correlation of 0.88 means they have usually moved in the same direction. PTKIX charges 0.33%/yr vs 0.50%/yr for DBLTX.
Performance
PTKIX vs. DBLTX - 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 DBLTX's -0.46% 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%
DBLTX
- 1D
- 0.00%
- 1M
- -0.69%
- 6M
- -0.81%
- YTD
- -0.46%
- 1Y
- 2.38%
- 3Y*
- 4.56%
- 5Y*
- 0.27%
- 10Y*
- 1.62%
- ALL TIME*
- 3.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PTKIX vs. DBLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTKIX T. Rowe Price Total Return Fund | -1.04% | 7.50% | 2.46% | 4.95% | -16.52% | 0.59% | 8.40% | 11.86% | 0.17% | 4.97% |
DBLTX DoubleLine Total Return Bond Fund Class I | -0.46% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 4.13% | 5.81% | 1.76% | 3.80% |
Correlation
The correlation between PTKIX and DBLTX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.88 |
The correlation between PTKIX and DBLTX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
PTKIX vs. DBLTX — Risk / Return Rank
PTKIX
DBLTX
PTKIX vs. DBLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund (PTKIX) and DoubleLine Total Return Bond Fund Class I (DBLTX). 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 | DBLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.16 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.04 | -0.20 |
| Martin ratioReturn relative to average drawdown | 1.94 | 2.49 | -0.55 |
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Drawdowns
PTKIX vs. DBLTX - Drawdown Comparison
The maximum PTKIX drawdown since its inception was -20.91%, which is greater than DBLTX's maximum drawdown of -16.49%. Use the drawdown chart below to compare losses from any high point for PTKIX and DBLTX.
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Drawdown Indicators
| PTKIX | DBLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.91% | -16.49% | -4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -3.17% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -5.33% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.91% | -16.49% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.49% | — |
Current DrawdownCurrent decline from peak | -5.60% | -2.46% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -2.37% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.32% | -0.06% |
Volatility
PTKIX vs. DBLTX - Volatility Comparison
The current volatility for T. Rowe Price Total Return Fund (PTKIX) is 0.94%, while DoubleLine Total Return Bond Fund Class I (DBLTX) has a volatility of 1.05%. This indicates that PTKIX experiences smaller price fluctuations and is considered to be less risky than DBLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTKIX | DBLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.05% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 3.01% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 3.80% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 5.62% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 4.42% | +0.62% |
PTKIX vs. DBLTX - Expense Ratio Comparison
PTKIX has a 0.33% expense ratio, which is lower than DBLTX's 0.50% expense ratio.
Dividends
PTKIX vs. DBLTX - Dividend Comparison
PTKIX's dividend yield for the trailing twelve months is around 4.43%, less than DBLTX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.52% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
PTKIX and DBLTX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBLTX has higher volatility (1.05%) compared to PTKIX (0.94%). In terms of maximum drawdown, PTKIX dropped -20.91% vs DBLTX's -16.49%.
DBLTX currently has the higher Sharpe Ratio (0.87 vs 0.64), 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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