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.
Performance
RPBAX vs. TRPBX - Performance Comparison
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RPBAX vs. TRPBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPBAX T. Rowe Price Balanced Fund | -3.21% | 16.06% | 11.71% | 18.01% | -17.28% | 13.29% | 14.54% | 20.75% | -4.89% | 12.58% |
TRPBX T. Rowe Price Spectrum Moderate Allocation Fund | -2.40% | 14.47% | 10.24% | 15.08% | -17.10% | 10.54% | 14.44% | 21.61% | -4.46% | 16.88% |
Returns By Period
In the year-to-date period, RPBAX achieves a -3.21% return, which is significantly lower than TRPBX's -2.40% return. Both investments have delivered pretty close results over the past 10 years, with RPBAX having a 7.99% annualized return and TRPBX not far behind at 7.89%.
RPBAX
- 1D
- 0.07%
- 1M
- -6.89%
- YTD
- -3.21%
- 6M
- -0.84%
- 1Y
- 11.14%
- 3Y*
- 11.85%
- 5Y*
- 6.11%
- 10Y*
- 7.99%
TRPBX
- 1D
- -0.08%
- 1M
- -6.50%
- YTD
- -2.40%
- 6M
- -0.05%
- 1Y
- 10.76%
- 3Y*
- 10.56%
- 5Y*
- 4.70%
- 10Y*
- 7.89%
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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.
Return for Risk
RPBAX vs. TRPBX — Risk / Return Rank
RPBAX
TRPBX
RPBAX vs. TRPBX - Risk-Adjusted Trends 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.
| RPBAX | TRPBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.08 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.53 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.29 | -0.06 |
Martin ratioReturn relative to average drawdown | 5.55 | 5.70 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RPBAX | TRPBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.08 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.48 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.75 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.74 | -0.06 |
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.
Dividends
RPBAX vs. TRPBX - Dividend Comparison
RPBAX's dividend yield for the trailing twelve months is around 7.64%, less than TRPBX's 8.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPBAX T. Rowe Price Balanced Fund | 7.64% | 7.30% | 7.28% | 3.80% | 5.03% | 9.33% | 4.59% | 3.41% | 8.42% | 1.69% | 2.96% | 7.32% |
TRPBX T. Rowe Price Spectrum Moderate Allocation Fund | 8.71% | 8.46% | 6.87% | 3.09% | 7.38% | 9.57% | 4.90% | 5.41% | 8.82% | 5.40% | 2.76% | 6.89% |
Drawdowns
RPBAX vs. TRPBX - Drawdown Comparison
The maximum RPBAX drawdown since its inception was -40.79%, roughly equal to the maximum TRPBX drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for RPBAX and TRPBX.
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Drawdown Indicators
| RPBAX | TRPBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.79% | -41.62% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.19% | -7.70% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -23.21% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -25.49% | -24.55% | -0.94% |
Current DrawdownCurrent decline from peak | -7.08% | -6.72% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -4.15% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.74% | +0.10% |
Volatility
RPBAX vs. TRPBX - Volatility Comparison
T. Rowe Price Balanced Fund (RPBAX) and T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX) have volatilities of 3.65% and 3.58%, 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
| RPBAX | TRPBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.58% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 6.04% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 10.19% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.90% | 9.83% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.58% | 10.50% | +1.08% |