Correlation
The correlation between RPHIX and TRBUX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
RPHIX vs. TRBUX
Compare and contrast key facts about RiverPark Short Term High Yield Fund (RPHIX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX).
RPHIX is managed by RiverPark Funds. It was launched on Sep 30, 2010. TRBUX is managed by T. Rowe Price. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPHIX or TRBUX.
Performance
RPHIX vs. TRBUX - Performance Comparison
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Key characteristics
RPHIX:
4.74
TRBUX:
3.36
RPHIX:
7.77
TRBUX:
9.07
RPHIX:
3.18
TRBUX:
3.87
RPHIX:
11.46
TRBUX:
14.62
RPHIX:
82.26
TRBUX:
50.30
RPHIX:
0.06%
TRBUX:
0.12%
RPHIX:
1.01%
TRBUX:
1.65%
RPHIX:
-3.16%
TRBUX:
-4.15%
RPHIX:
-0.41%
TRBUX:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with RPHIX having a 1.53% return and TRBUX slightly higher at 1.60%. Over the past 10 years, RPHIX has outperformed TRBUX with an annualized return of 3.10%, while TRBUX has yielded a comparatively lower 2.72% annualized return.
RPHIX
1.53%
0.10%
2.01%
4.74%
5.20%
4.03%
3.10%
TRBUX
1.60%
0.00%
2.03%
5.29%
4.98%
3.37%
2.72%
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RPHIX vs. TRBUX - Expense Ratio Comparison
RPHIX has a 0.89% expense ratio, which is higher than TRBUX's 0.31% expense ratio.
Risk-Adjusted Performance
RPHIX vs. TRBUX — Risk-Adjusted Performance Rank
RPHIX
TRBUX
RPHIX vs. TRBUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) and T. Rowe Price Ultra Short-Term Bond Fund (TRBUX). 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
RPHIX vs. TRBUX - Dividend Comparison
RPHIX's dividend yield for the trailing twelve months is around 5.06%, more than TRBUX's 4.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPHIX RiverPark Short Term High Yield Fund | 5.06% | 5.43% | 5.08% | 3.46% | 2.03% | 2.44% | 2.85% | 2.83% | 2.68% | 2.87% | 3.19% | 3.89% |
TRBUX T. Rowe Price Ultra Short-Term Bond Fund | 4.55% | 5.06% | 4.02% | 2.28% | 1.53% | 1.95% | 2.72% | 2.62% | 1.88% | 1.20% | 0.80% | 0.48% |
Drawdowns
RPHIX vs. TRBUX - Drawdown Comparison
The maximum RPHIX drawdown since its inception was -3.16%, smaller than the maximum TRBUX drawdown of -4.15%. Use the drawdown chart below to compare losses from any high point for RPHIX and TRBUX.
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Volatility
RPHIX vs. TRBUX - Volatility Comparison
RiverPark Short Term High Yield Fund (RPHIX) has a higher volatility of 0.48% compared to T. Rowe Price Ultra Short-Term Bond Fund (TRBUX) at 0.29%. This indicates that RPHIX's price experiences larger fluctuations and is considered to be riskier than TRBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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