Correlation
The correlation between RPELX and BBHY is 0.00, 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.
RPELX vs. BBHY
Compare and contrast key facts about T. Rowe Price Dynamic Credit Fund (RPELX) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY).
RPELX is managed by T. Rowe Price. It was launched on Jan 9, 2019. BBHY is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US High Yield Index. It was launched on Sep 15, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPELX or BBHY.
Performance
RPELX vs. BBHY - Performance Comparison
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Key characteristics
RPELX:
2.09
BBHY:
1.55
RPELX:
3.61
BBHY:
2.25
RPELX:
1.52
BBHY:
1.35
RPELX:
2.38
BBHY:
1.83
RPELX:
9.81
BBHY:
9.88
RPELX:
0.77%
BBHY:
0.92%
RPELX:
3.42%
BBHY:
5.89%
RPELX:
-19.94%
BBHY:
-24.98%
RPELX:
-0.99%
BBHY:
0.00%
Returns By Period
In the year-to-date period, RPELX achieves a 1.92% return, which is significantly lower than BBHY's 2.77% return.
RPELX
1.92%
0.57%
2.36%
6.91%
5.48%
6.23%
N/A
BBHY
2.77%
1.68%
1.91%
8.71%
6.27%
4.85%
N/A
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RPELX vs. BBHY - Expense Ratio Comparison
RPELX has a 0.56% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Risk-Adjusted Performance
RPELX vs. BBHY — Risk-Adjusted Performance Rank
RPELX
BBHY
RPELX vs. BBHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPELX) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.
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Dividends
RPELX vs. BBHY - Dividend Comparison
RPELX's dividend yield for the trailing twelve months is around 6.73%, less than BBHY's 7.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPELX T. Rowe Price Dynamic Credit Fund | 6.73% | 6.95% | 5.95% | 8.90% | 5.39% | 7.74% | 4.44% | 0.00% | 0.00% | 0.00% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.82% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 5.00% | 5.02% | 4.81% | 1.42% |
Drawdowns
RPELX vs. BBHY - Drawdown Comparison
The maximum RPELX drawdown since its inception was -19.94%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for RPELX and BBHY.
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Volatility
RPELX vs. BBHY - Volatility Comparison
The current volatility for T. Rowe Price Dynamic Credit Fund (RPELX) is 0.73%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 1.52%. This indicates that RPELX experiences smaller price fluctuations and is considered to be less risky than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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