RPELX vs. TUIFX

Last updated Jun 4, 2026

RPELX (T. Rowe Price Dynamic Credit Fund) and TUIFX (Toews Unconstrained Income Fund) are both Nontraditional Bonds funds. Over the past 5 years, RPELX returned 3.03%/yr vs 1.38%/yr for TUIFX. At a 0.00 correlation, their price movements are largely independent. RPELX charges 0.56%/yr vs 1.25%/yr for TUIFX.

Performance

RPELX vs. TUIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dynamic Credit Fund (RPELX) and Toews Unconstrained Income Fund (TUIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPELX achieves a 0.19% return, which is significantly lower than TUIFX's 0.38% return.

RPELX

• 1D: -0.12%
• 1M: -0.74%
• YTD: 0.19%
• 6M: 0.26%
• 1Y: 4.35%
• 3Y*: 5.83%
• 5Y*: 3.03%
• 10Y*: —

TUIFX

• 1D: 0.00%
• 1M: -0.10%
• YTD: 0.38%
• 6M: 0.48%
• 1Y: 3.43%
• 3Y*: 4.03%
• 5Y*: 1.38%
• 10Y*: 1.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RPELX vs. TUIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RPELX T. Rowe Price Dynamic Credit Fund	0.19%	7.13%	7.47%	2.92%	-0.81%	6.37%	2.52%	7.00%
TUIFX Toews Unconstrained Income Fund	0.38%	3.55%	4.53%	3.08%	-4.36%	-0.20%	2.58%	6.63%

Correlation

The correlation between RPELX and TUIFX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019	0.00

Return for Risk

RPELX vs. TUIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RPELX

RPELX Risk / Return Rank: 41
RPELX Sharpe Ratio Rank: 24
RPELX Sortino Ratio Rank: 39
RPELX Omega Ratio Rank: 34
RPELX Calmar Ratio Rank: 70
RPELX Martin Ratio Rank: 40

TUIFX

TUIFX Risk / Return Rank: 49
TUIFX Sharpe Ratio Rank: 36
TUIFX Sortino Ratio Rank: 39
TUIFX Omega Ratio Rank: 40
TUIFX Calmar Ratio Rank: 85
TUIFX Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RPELX vs. TUIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dynamic Credit Fund (RPELX) and Toews Unconstrained Income Fund (TUIFX). 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.

	RPELX	TUIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.73	-0.32
Sortino ratio: Return per unit of downside risk	2.59	2.64	-0.04
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	3.24	4.09	-0.85
Martin ratio: Return relative to average drawdown	8.70	9.69	-0.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPELX vs. TUIFX - Sharpe Ratio Comparison

The current RPELX Sharpe Ratio is 1.41, which is comparable to the TUIFX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of RPELX and TUIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RPELX	TUIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	1.73	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.53	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.76	+0.17

Drawdowns

RPELX vs. TUIFX - Drawdown Comparison

The maximum RPELX drawdown since its inception was -19.94%, which is greater than TUIFX's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for RPELX and TUIFX.

Drawdown Indicators

	RPELX	TUIFX	Difference
Max Drawdown Largest peak-to-trough decline	-19.94%	-7.37%	-12.57%
Max Drawdown (1Y) Largest decline over 1 year	-1.38%	-0.87%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-3.16%	-1.64%	-1.52%
Max Drawdown (5Y) Largest decline over 5 years	-7.25%	-7.37%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-7.37%	—
Current Drawdown Current decline from peak	-0.85%	-0.48%	-0.37%
Average Drawdown Average peak-to-trough decline	-1.96%	-2.07%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	0.37%	+0.14%

Volatility

RPELX vs. TUIFX - Volatility Comparison

T. Rowe Price Dynamic Credit Fund (RPELX) has a higher volatility of 0.74% compared to Toews Unconstrained Income Fund (TUIFX) at 0.68%. This indicates that RPELX's price experiences larger fluctuations and is considered to be riskier than TUIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPELX	TUIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	0.68%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.58%	1.31%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	3.18%	2.06%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.76%	2.63%	+1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.74%	2.69%	+2.05%

RPELX vs. TUIFX - Expense Ratio Comparison

RPELX has a 0.56% expense ratio, which is lower than TUIFX's 1.25% expense ratio.

Dividends

RPELX vs. TUIFX - Dividend Comparison

RPELX's dividend yield for the trailing twelve months is around 7.44%, more than TUIFX's 3.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RPELX T. Rowe Price Dynamic Credit Fund	7.44%	7.49%	6.95%	4.90%	8.05%	5.39%	7.16%	4.43%	0.00%	0.00%	0.00%	0.00%
TUIFX Toews Unconstrained Income Fund	3.97%	4.17%	4.68%	4.09%	1.05%	2.13%	1.33%	2.44%	2.05%	4.34%	2.29%	1.19%

Frequently Asked Questions

Can I hold both RPELX and TUIFX in my portfolio?

RPELX and TUIFX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPELX or TUIFX?

RPELX has higher volatility (0.74%) compared to TUIFX (0.68%). In terms of maximum drawdown, RPELX dropped -19.94% vs TUIFX's -7.37%.

Which has better risk-adjusted returns?

TUIFX currently has the higher Sharpe Ratio (1.73 vs 1.41), 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.