Correlation
The correlation between RPELX and LQDH 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. LQDH
Compare and contrast key facts about T. Rowe Price Dynamic Credit Fund (RPELX) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH).
RPELX is managed by T. Rowe Price. It was launched on Jan 9, 2019. LQDH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPELX or LQDH.
Performance
RPELX vs. LQDH - Performance Comparison
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Key characteristics
RPELX:
2.09
LQDH:
1.18
RPELX:
3.61
LQDH:
1.74
RPELX:
1.52
LQDH:
1.27
RPELX:
2.38
LQDH:
1.01
RPELX:
9.81
LQDH:
5.00
RPELX:
0.77%
LQDH:
0.98%
RPELX:
3.42%
LQDH:
4.09%
RPELX:
-19.94%
LQDH:
-24.63%
RPELX:
-0.99%
LQDH:
-0.42%
Returns By Period
In the year-to-date period, RPELX achieves a 1.92% return, which is significantly higher than LQDH's 1.33% return.
RPELX
1.92%
0.46%
2.36%
7.03%
5.48%
6.23%
N/A
LQDH
1.33%
2.03%
1.48%
4.80%
6.90%
5.69%
3.72%
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RPELX vs. LQDH - Expense Ratio Comparison
RPELX has a 0.56% expense ratio, which is higher than LQDH's 0.25% expense ratio.
Risk-Adjusted Performance
RPELX vs. LQDH — Risk-Adjusted Performance Rank
RPELX
LQDH
RPELX vs. LQDH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPELX) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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. LQDH - Dividend Comparison
RPELX's dividend yield for the trailing twelve months is around 6.73%, less than LQDH's 6.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 6.95% | 7.57% | 7.69% | 3.73% | 1.64% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% | 2.19% |
Drawdowns
RPELX vs. LQDH - Drawdown Comparison
The maximum RPELX drawdown since its inception was -19.94%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for RPELX and LQDH.
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Volatility
RPELX vs. LQDH - Volatility Comparison
The current volatility for T. Rowe Price Dynamic Credit Fund (RPELX) is 0.73%, while iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a volatility of 0.91%. This indicates that RPELX experiences smaller price fluctuations and is considered to be less risky than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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