RPIBX vs. SPY
Compare and contrast key facts about T. Rowe Price International Bond Fund (RPIBX) and State Street SPDR S&P 500 ETF (SPY).
RPIBX is managed by T. Rowe Price. It was launched on Sep 9, 1986. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
RPIBX vs. SPY - Performance Comparison
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RPIBX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPIBX T. Rowe Price International Bond Fund | -2.76% | 13.03% | -5.11% | 7.35% | -20.72% | -7.18% | 11.51% | 6.67% | -2.93% | 11.16% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, RPIBX achieves a -2.76% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, RPIBX has underperformed SPY with an annualized return of -0.05%, while SPY has yielded a comparatively higher 13.98% annualized return.
RPIBX
- 1D
- -0.29%
- 1M
- -4.90%
- YTD
- -2.76%
- 6M
- -2.04%
- 1Y
- 6.57%
- 3Y*
- 2.84%
- 5Y*
- -2.73%
- 10Y*
- -0.05%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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RPIBX vs. SPY - Expense Ratio Comparison
RPIBX has a 0.67% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
RPIBX vs. SPY — Risk / Return Rank
RPIBX
SPY
RPIBX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Bond Fund (RPIBX) and State Street SPDR S&P 500 ETF (SPY). 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.
| RPIBX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.93 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.45 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.53 | -0.06 |
Martin ratioReturn relative to average drawdown | 5.15 | 7.30 | -2.14 |
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
| RPIBX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.93 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.69 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.78 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.05 |
Correlation
The correlation between RPIBX and SPY is 0.03, 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.
Dividends
RPIBX vs. SPY - Dividend Comparison
RPIBX's dividend yield for the trailing twelve months is around 6.17%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPIBX T. Rowe Price International Bond Fund | 6.17% | 5.95% | 3.19% | 2.68% | 1.37% | 1.90% | 1.27% | 1.99% | 2.05% | 1.89% | 1.81% | 1.98% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
RPIBX vs. SPY - Drawdown Comparison
The maximum RPIBX drawdown since its inception was -33.80%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RPIBX and SPY.
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Drawdown Indicators
| RPIBX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -55.19% | +21.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.99% | -12.05% | +7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -32.09% | -24.50% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.80% | -33.72% | -0.08% |
Current DrawdownCurrent decline from peak | -18.11% | -6.24% | -11.87% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -9.09% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 2.52% | -1.10% |
Volatility
RPIBX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price International Bond Fund (RPIBX) is 2.40%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that RPIBX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPIBX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 5.31% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 9.47% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.92% | 19.05% | -12.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.76% | 17.06% | -9.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.23% | 17.92% | -10.69% |