RPBAX vs. TRPBX
Compare and contrast key facts about T. Rowe Price Balanced Fund (RPBAX) and T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX).
RPBAX is managed by T. Rowe Price. It was launched on Dec 29, 1939. TRPBX is managed by T. Rowe Price. It was launched on Jul 28, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPBAX or TRPBX.
Correlation
The correlation between RPBAX and TRPBX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RPBAX vs. TRPBX - Performance Comparison
Key characteristics
RPBAX:
0.83
TRPBX:
0.85
RPBAX:
1.04
TRPBX:
1.07
RPBAX:
1.19
TRPBX:
1.19
RPBAX:
0.68
TRPBX:
0.47
RPBAX:
3.06
TRPBX:
3.10
RPBAX:
2.85%
TRPBX:
2.56%
RPBAX:
10.48%
TRPBX:
9.29%
RPBAX:
-44.62%
TRPBX:
-46.35%
RPBAX:
-5.07%
TRPBX:
-10.22%
Returns By Period
In the year-to-date period, RPBAX achieves a 4.15% return, which is significantly higher than TRPBX's 3.70% return. Over the past 10 years, RPBAX has outperformed TRPBX with an annualized return of 3.44%, while TRPBX has yielded a comparatively lower 2.55% annualized return.
RPBAX
4.15%
1.60%
-0.41%
8.86%
3.30%
3.44%
TRPBX
3.70%
1.44%
0.14%
8.07%
1.75%
2.55%
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RPBAX vs. TRPBX - Expense Ratio Comparison
RPBAX has a 0.57% expense ratio, which is higher than TRPBX's 0.51% expense ratio.
Risk-Adjusted Performance
RPBAX vs. TRPBX — Risk-Adjusted Performance Rank
RPBAX
TRPBX
RPBAX vs. TRPBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Balanced Fund (RPBAX) and T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX). 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
RPBAX vs. TRPBX - Dividend Comparison
RPBAX's dividend yield for the trailing twelve months is around 2.13%, less than TRPBX's 2.59% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPBAX T. Rowe Price Balanced Fund | 2.13% | 2.22% | 2.05% | 1.98% | 1.35% | 1.51% | 2.00% | 2.34% | 1.81% | 2.00% | 2.19% | 2.10% |
TRPBX T. Rowe Price Spectrum Moderate Allocation Fund | 2.59% | 2.68% | 2.80% | 1.81% | 1.05% | 1.21% | 1.80% | 2.03% | 1.45% | 1.79% | 2.06% | 1.93% |
Drawdowns
RPBAX vs. TRPBX - Drawdown Comparison
The maximum RPBAX drawdown since its inception was -44.62%, roughly equal to the maximum TRPBX drawdown of -46.35%. Use the drawdown chart below to compare losses from any high point for RPBAX and TRPBX. For additional features, visit the drawdowns tool.
Volatility
RPBAX vs. TRPBX - Volatility Comparison
T. Rowe Price Balanced Fund (RPBAX) has a higher volatility of 1.96% compared to T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX) at 1.77%. This indicates that RPBAX's price experiences larger fluctuations and is considered to be riskier than TRPBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.